Government incentive to change old cars

Pew_Pew_Pew_Lasers!

1984ReturnsForReal wrote: »

Its going to be a £2000-£2500 fan fair PR stunt that generates little economic value...


NEXT

You are wrong. The system works well in Germany.

1984ReturnsForReal_2

Pew_Pew_Pew_Lasers! wrote: »

You are wrong. The system works well in Germany.

You are wrong????

No.

I know it works in Germany.

Its a PR stunt..

Financial markets are NOT going to finance low earners (which a MAJORITY are that drive older cars) in the current climate & a huge amount of them also will not be able to afford payments on new cars anyway.


Long term it may well work but not in the next couple of years.

They will announce it before the next election though.

NEXT.

shown73

This is actually a double-edged sword in Germany. It is tied in with a separate government green discount, which means that although the list price is eye watering, you really can end up paying less than half for a new car. Along the way there are also anomalies, such as a Golf ending up cheaper than a Polo, if you can find one. There are down sides, however, as always. Big losers are replacement component suppliers, testing stations, garages, for servicing etc., the list goes on. Also, the so-called Third World used to absorb several thousand older used cars per month, another niche industry, but this has virtually dried up. Vehicle dismantlers/recyclers are spoiled for choice, but have shelves groaning with parts that no one needs. It goes on....So really, is it such a brilliant scheme? Not for us, without the extra green subsidy, I wouldn't have thought. You can get a new, albeit pretty basic, car in Germany for under five grand. Its window dressing really, and the sight of many 9 year-old Mercedes, BMW, etc heading for the crusher would make a strong man weep.

cos69

Looks like a few manufacturers are pre-empting any government move, so looks like could well be in the budget. If your buying Citroen or Vauxhall then some of that available yo you now. Not for me, but might be of use to someone and I suspect any government scheme would have similar conditions, if not tighter

http://www.vauxhall.com/vaux/pages/offers/offerTypes/recyclingAllowance.jsp

http://www.citroen.co.uk/scrappage-scheme

"Guaranteed £2000 scrappage cashback for your old car will apply to customers trading in a qualifying vehicle first registered before 1st January 2000 against the purchase of a qualifying new CITRO? passenger vehicle (excluding new CITRO? C1, C2, C3, C3 Pluriel, Berlingo First, C3 Picasso, Dispatch and Relay Combi models).

To qualify for the cashback, vehicle must be presented with a Certificate of Destruction (C.O.D) provided by an Authorised Treatment Facility (ATF), a V5, valid MOT, be properly insured, legal to be driven on the highway, and have been registered in the customers name for a minimum of 1 year.

This Guaranteed Cashback is the total value that a customer will receive from the Manufacturer when trading in their qualifying part exchange vehicle for a qualifying new CITRO?, see dealer for full terms & conditions."

Cat695

I wonder how many fools fall for this....especially considering they have put their prices up so the deal you'll be getting will only LOOK good.

1984ReturnsForReal_2

Cat695 wrote: »

I wonder how many fools fall for this....especially considering they have put their prices up so the deal you'll be getting will only LOOK good.

Loads of people fall for it.

It saddens me how stupid the general public really are sometimes.

Its like a flock of sheep...

Or more like a bunch of lemmings..

Inactive

Cat695 wrote: »

I wonder how many fools fall for this....especially considering they have put their prices up so the deal you'll be getting will only LOOK good.

Exactly, and who wants to buy a Vauxhall ( on verge of bankruptcy ) or Citroen ( yuk ) anyway?

I wouldn't.;)

Pew_Pew_Pew_Lasers!

1984ReturnsForReal wrote: »

You are wrong????

No.

I know it works in Germany.

Its a PR stunt..

Financial markets are NOT going to finance low earners (which a MAJORITY are that drive older cars) in the current climate & a huge amount of them also will not be able to afford payments on new cars anyway.


Long term it may well work but not in the next couple of years.

They will announce it before the next election though.

NEXT.

What a load of piffle. Its still quite easy to get credit. Only people with poor credit ratings (not necessarily related to income) will struggle.

This is about buoying up an industry with new sales, not about winning an election.

It works in Germany, it will work over here.

LinasPilibaitisisbatman

This programme isnt too help the end consumer though, rather the car industry so if they can sell cars at list price rather than discounted price with the government making the shortfall then it does have some benefit.

AHAR

I imagine they'd need to have a rule regarding how long you'd need to have owned the old car? Otherwise you could go out and buy a rust-bucket just to use to get money off a new motor.

Edit: Oops. Didn't see the mention of 1 year in the Citroen info posted by cos69