Budget row over 2K payout to scrap a car

alexweel

Officially the scheme is going to to end next March, but there's always the possibility that it may be extended. An extension will be the only way that speculators will be able to make a quick buck by buying up a old banger. By my way of thinking, though, old banger prices should remain pretty much as they are because the only old banger owners who stand to benefit are those who own it RIGHT NOW. Or am I missing something...?

I own a 14-yr old Peugeot 306 and I was hoping this scheme would be good for me but the fact that I have to buy a brand new car (as opposed to up to 1 year old), plus the fact that I have to buy from a main dealer (i.e can't go via a broker) has put me right off.

vigilaire

Total scam, the dealer would give you a grand off all brand new cars anyway. All the government is doing is giving you some of the new car tax and VAT back - the govt wins whatever by keeping the balance of the tax paid on the new car.

Where do the sort of people (myself included) who drive 10 + year old cars get the balance from? Savings? Get in debt? I don't think so.

hethmar

Yes basically its rubbish. May con some less savvy people into thinking they are getting £2k for nothing, but as we all know, there is a lot of haggling margin in new cars anyway. I was hoping it would cover up to 2 or 3 year old vehicles

Graham_Devon

Well lets face it. You been able to get a guarenteed 1k for your old car at car supermarkets etc for years.

This one is just spun to make it seem good, and some will undoubtably fall for it.

bo_drinker

How about buying a Tata nano which are going to cost £1300 would you trouser the extra £700 ?? Just a thought.

PasturesNew

"cars more than nine years old "

Where I come from that's virtually brand new still.

My car is nearly 9 years old, under 50,000 miles, it's got another 15 years at least left in it!

samba

I got a "new" car last year - it's a 12 year old japanese sports coupe that has good performance and only cost me £1300, however it isn't the greatest for fuel economy, so I would be interested in a newer car if it could save me a few hundred quid a year in running costs. However, to get an equivalent new car would cost the best part of £15,000 even after the discount, so it just isn't going to happen ( especially as my car cost £8000 new back in 1996 - new car prices have gone up way above inflation in the past decade and are a complete ripoff imho ). If I do buy a new car it would only be to get a newer more economical car and I wouldn't be looking to pay more than a few grand total. So thanks AD but no thanks!

Also I think the majority of people who run old cars aren't the sort of people who buy new cars anyway for whatever reason, so really it's just a publicity stunt coz the government know most people who qualify won't bother in the first place.

N9eav

I have not read all of this post, but I don't think many of the fears will be realised.

I have a couple of questions. If a new Fiesta cost £8000, then it would be £6000 with scrappage trade in. So what price will 1 year old fiestas be? £7000? Could there be a problem getting rid of nearly new or delivery mileage cars? or would they be even cheaper.

I must say that it does sound attractive. Missus has a 14 year old fiesta, done 100k, worth £500. Next MOT will be expensive. So one of those new fiestas that Clarkson drove off the landing craft in Top gear, does look attractive.

All I need now is a personal loan that is less than 8%. Now therin lies the problem!

harz99

wymondham wrote: »

I have a 1996 Classic mini and not tempted at all by this - not attracted to the soul-less new plastic boxes at all...

Not even the Kia Soul.............:rotfl:

harz99

phunkeymonkey wrote: »

I'm quite interested in this scheme. My only worry is that showrooms will take this opportunity to raise prices using the £2000 grant to disguise their greed.

Hopefully there will be something in place to stop them from doing this, as it makes many of the models I've been looking at cheaper than second-hand ones currently on sale.

Exactly so; as the dealer/manufacturer is going to have to stand half of the £2k any way, the absolute best you could hope for in an honest world would be that the new car offers that were current pre budget would come down by a grand to change car.

We all know that the motor trade is, in the main, far less than honest in the way it does so called "deals"; so you can expect the scrappage scheme discount to only be applied to the full list price of whichever cars they want to shift (look at the present Citroen scheme which is not available on C1/C2 city cars); which in reality will result in no savings whatever on a new car and force used car prices up due to a shortage of older vehicles creating higher demand for those that are available - who gains but the greedy, grasping motor dealers again.

And if this scheme were to do any good, why oh why was it not restricted to buyers of new cars manufactured in the UK.