How to Apply for Certificate of Deposit Under Scrappage Policy

Proper CoD issuance is a core operational responsibility that connects your facility's activity to the formal policy framework vehicle owners rely on.

How To Approach This

1. Ensure your facility is fully licensed and authorized to issue valid, policy-recognized Certificates of Deposit before offering this to customers.
2. Establish clear, consistent internal processes for documenting vehicle receipt, verification, and processing that support accurate CoD issuance for every vehicle.
3. Issue the CoD through the proper official process/format once a vehicle has been formally received and processing has begun, ensuring documentation accuracy.
4. Maintain organized records of all CoDs issued, since this documentation matters for both regulatory compliance and customer trust.

Frequently Asked Questions