2022 Hong Kong automotive recycling/scrapping procedures and precautions to take (and learn how to preserve your automobile registration mark)

With a severe scarcity of parking areas in Hong Kong, and the sharp rise in oil costs in recent times, the price of automotive possession has turn into very excessive. In the event you now not plan to maintain your automotive, and are desirous to money out and go away Hong Kong, or your automotive is now not roadworthy and can’t be repaired, you may elect to have it scrapped. That approach, at the least you will get again the scrap worth of your automotive.

Nevertheless, the Hong Kong automotive scrapping business is relatively shrouded in thriller, and most drivers know little or no and even have some misunderstandings about it. For instance, some fear that their automotive shall be utilized by criminals for illegal functions, and the automotive proprietor will find yourself a sufferer. In right this moment’s article, Kwiksure will current a helpful abstract of the procedures and precautions to take when having your automotive recycled/scrapped in Hong Kong.

5 steps for having your automobile scrapped

Step 1: Resolve whether or not to have your automotive scrapped

When deciding whether or not to have your automotive scrapped, you may contemplate the next elements. Widespread causes for scrapping a automotive embody:

• The restore value is simply too excessive or the time wanted is simply too lengthy (for instance, the restore value is 60% of the automotive’s worth, or it takes a month to restore)
• The automotive mannequin has misplaced its attractiveness out there and is troublesome to resell
• You don’t want to deal with a resale
• You’re in a rush to money out
• You count on your automotive could have frequent breakdowns sooner or later and thus would require frequent repairs

Step 2: Contact a registered automotive scrapping firm

Contact the automotive scrapping corporations registered with the Environmental Safety Division. A few of them present on-line quotations. Automobile house owners solely have to enter the knowledge of their automobile to get quotations. Many of the required info may be discovered in your Automobile Registration Doc, and often embody:

• Automobile’s mannequin and 12 months of manufacturing
• Transmission kind (guide or automated)
• Engine displacement (expressed in cc)
• Automobile’s physique situation and the way effectively it drives
• The world the automotive is parked in

A recycling citation will often be obtained inside 24 hours. In case you are happy with the worth, you may agree with the automotive scrapping firm on an appropriate time and place for the automobile’s supply. In case your automobile can now not be pushed, it is best to make sure that all haulage and transportation prices shall be paid by the automotive scrapping firm. In any other case, you may be chargeable for arranging and paying to have your automotive towed to the positioning of the automotive scrapping firm.

Step 3: Clear your individual objects from the automotive

Keep in mind to take your individual objects from the automotive. Probably the most ceaselessly forgotten objects embody “AutoToll”, the “oil playing cards”, and the “parking card” within the solar visor.

Step 4: Convey all of the paperwork for the supply

On the supply day, please deliver the next paperwork:

• The unique Automobile Registration Doc
• The unique and a replica of the automobile license
• The unique and a replica of the proprietor’s Hong Kong Id Card (HKID Card)
• The automotive keys

The employees of the automotive recycling firm will examine the automotive on the spot to test the efficiency and situation of the automotive. If the whole lot is regular, the automotive recycling firm can pay the gathering worth in money or by cheque, and supply a receipt and a Automobile Scrapping Certificates (generally known as the automotive scrapping paper) as proof of automotive scrapping, in order that the automotive proprietor can cancel the automobile registration on the Transport Division (TD). The scrapping certificates ought to specify the date and time of supply, and embody the corporate stamp and enterprise registration variety of the automotive scrapping firm.

A heat reminder from Kwiksure: keep in mind to take the automobile license out of your automobile.

Step 5: Cancel the automobile registration on the Transport Division

Inside 15 days after your automobile is delivered to the automotive scrapping firm, you will have to submit or ship by mail the next paperwork to the TD to finish the cancellation of the automobile registration. In any other case, you may be held chargeable for all authorized liabilities associated to the automobile.

• The unique Automobile Registration Doc
• The unique automobile license (if nonetheless legitimate)
• The unique Automobile Scrapping Certificates
• Your id doc (if one other particular person performs this step in your behalf, that particular person should current their HKID Card)
• A accomplished Type TD184 (Discover of Cancellation of Automobile Registration)
• The unique Certificates of Allocation of Personalised Registration Mark (if relevant)

Sources:

Transport Division

Environmental Safety Division

Checklist of government-registered automotive scrapping corporations

The Environmental Safety Division’s record of registered automotive scrapping corporations may be discovered right here.

Dangers of auto scrapping

In the event you select an unscrupulous intermediary to have your automotive scrapped in your behalf, there’s a likelihood that the automotive might change fingers many instances throughout the course of, inflicting your private info to be leaked. As a matter of truth, that intermediary might not even be a legally certified automotive scrapping firm. They could simply purchase the automotive from you, then hand it over to criminals who then use it to commit crimes. You possibly can then be arrested by the police because the registered proprietor of a automobile utilized in against the law.

Some unscrupulous middlemen would maintain themselves out as offering a automotive scrapping service, when actually, what they’re after is the Automobile Registration Doc, inflicting the proprietor to undergo losses. Subsequently, it’s essential to decide on a automobile scrapping firm that’s respected and registered with the federal government.

How can I preserve the automobile registration mark after scrapping my automotive?

In the event you want to preserve the automobile registration mark to be used on one other automobile underneath your identify sooner or later, chances are you’ll apply to retain the automobile registration mark on the identical time you cancel your automobile registration with the TD.

Candidates are required to finish the “Software to Switch or Retain a Automobile Registration Mark” (Type TD129) and “Discover of Cancellation of Automobile Registration” (Type TD184). The unique Automobile Registration Doc, the unique automobile license, the unique Automobile Scrapping Certificates, and the id doc of the registered proprietor have to be submitted along with the applying. The appliance to switch or retain a automobile registration mark have to be processed on the Hong Kong Licensing Workplace or the Kowloon Licensing Workplace from Monday to Friday, and the payment is HKD $560. In contrast, the applying for automobile registration cancellation is freed from cost.

The retained automobile registration mark shall be reserved for 12 months. If the applicant fails to switch the registration mark to a different automobile earlier than the deadline, the Commissioner for Transport will cancel the present allocation of the automobile registration mark, and reallocate it to some other automobile.

Often requested questions and precautions for automotive scrapping

Q: If there’s an “unused” portion of the automobile license payment after a automotive is scrapped, will the TD refund it?

A: Sure. The calculation methodology for the refund of the remaining automobile license payment is the annual license payment of the automobile, instances 0.24%, instances the variety of days remaining within the validity interval of the automobile license, and topic to the next three circumstances:

• A refund shall be obtainable provided that at the least 60 days stay within the validity interval of the automobile license. The date on which the calculation relies is the date of “cancellation of auto registration” by the TD.
• In the event you plan to make use of the automotive scrapping in a “one-for-one”, the date of cancellation of auto registration shall be delayed by 1-3 months. In different phrases, in case your automobile license has a remaining validity interval of lower than three months on the time of scrapping, the TD usually is not going to refund the “unused” license payment.
• In the event you cancel a automobile registration, the license payment refund test shall be mailed by the Treasury to the registered deal with of the automobile proprietor. The payee would be the registered automobile proprietor (in case your deal with has modified, it is best to notify the TD), and the method will take about 4 to six weeks. No further software is required for license payment refunds.