S.C. Code Ann. § 56-5-6240
(C) A forfeited vehicle must be disposed of as follows:
(4) if the fair market value of the vehicle is less than five hundred dollars, it must be sold as scrap to the highest bidder after first receiving at least two bids.
If the registered owner, new purchaser, or lienholder believes the towing, preservation, and storage costs are excessive, he may petition the magistrate in the jurisdiction where the vehicle was taken into custody to determine the fair market price of the services.
Nothing contained in this section shall alter a contractual obligation in an existing insurance policy.