Car Scrappage Scheme

D_Kassam

The governments new car buying scheme:
I would say - government should pay their part - £1,000.00 direct to the purchaser, which will be help towards buying the vehicle at negotated final price.

[Deleted User]

I searched the thread, but can someone just confirm exactly how this works?

£1000 comes from the government, so at a minimum you should get a £1000 discount. But what about the other £1000? Some places say it comes from the dealer, some say the manufacturer.

If it's the manufacturer then you should expect the full £2000 discount, since it won't cost the dealer anything. If it comes from the dealer then you should still expect £2000 off the list price, but it weakens your bargaining position to then haggle for further discounts or upgrades.

EDIT: The Mitsubishi web site says "from the manufacturer" so the dealer has no excuse not to add that £2000 to any additional deals and discounts already running, and what you haggle from them.

Remember: if the dealer won't give you a good enough deal, walk away. Even if you really want that car, there are always more dealers.

Lemonade_Pockets

£1000 from the government.

You will get a £1000 from the dealer (which will indirectly will be funded by the MFR) however this will probably not amount to £2000 less than a typical transaction price last month.

As discussed dealers + MFR's do not have the margin to give a extra £1000 in addition to the discounts they had already been offering. So all they will do is reduce these discounts to cover the cost of their contribution.

Net benefit to customer £1000. Maybe more maybe less but this a reasonable expectation.

Bronnie

Hintza wrote: »

For me it wouldn't be a problem, I'm just trying ti highlight there will additional costs (potentially) and whgo is paying for it?

Joke!!!!!!!!!!

Just had this vision of all these tow trucks unloading rusting heaps of scrap cars onto the forecourts of these glossy dealerships!

My god! This thread is serious!

Birman

aardvark65 wrote: »

:eek:My 15 year old Corolla meets the criteria and I have savings which would mean I could buy a new car. My car has been brilliant but I feel it just starting to have problems. The MOT runs out on 17th May!! I have to have a car for work so have to make a quick decision about whether to look into this scheme if it going to start in time or risk putting car through MOT, which could be an expense this time! Any suggestions/ ideas very welcome. I really can't decide what to pursue

My 14yr old Corolla has just gone in for its MOT and failed on a number of points - the major one was a new petrol tank. As the bill is going to be around £400, thats half the cars value. I would try now before your MOT is due. I really need to replace mine but a new Yaris is just over £10,000 and I just can't afford it. That is why I still run an old - up until now - reliable Toyota.
Has anyone heard of any good deals on a Yaris?

[Deleted User]

Lemonade_Pockets wrote: »

You will get a £1000 from the dealer (which will indirectly will be funded by the MFR) however this will probably not amount to £2000 less than a typical transaction price last month.

Well Mitsubishi are not the only ones saying that they manufacturer pays the £1000, not the dealer. Ford and Fiat confirmed the same thing. That makes sense because the scheme is supposed to reduce the list price of the car by £2000, in addition to any existing discounts.

bluenose1

After much dithering and hours comparing cars, we have gone and pre-ordered a brand new one to replace our 16 year old Mazda.
I think we got a really good deal. Got a Hyundai i20 Comfort for £7100 (£9100 without scrappage deal) Worked out £950 cheaper than quote for exactly the same car from Garage in Southport. This price included the metallic paint and Electronic Stability Control.
http://www.hyundai.co.uk/newCars/i20/
On the Hyundai website it quotes £9445 for this car without metallic paint so the Dealer gave us a better price than the RRP on the website. Didn’t have to barter that was the price he quoted.
If we had gone for the base i20 model with no metallic paint that would have cost £6100

pel.s

Hi Guys, Just wondering has anyone gone into a showroom and tried to bargain down aswell as the scrap deal?
I've noticed that volvo do a £15745 c30 for £14287 after discounts (9.5% apr tut 4k discounted) however they used to do 0%apr and free insurance so works out pretty much the same price if u trade in a £1000 car
I would imagine when they had there 0% deal you still would have still been able to bargain them down so was perhaps easier pre government scheme!
Any thoughts guys

numsadog

People who run 10 year old cars usually do so because thats all they can afford. They may aspire to own say a 5 year old but never a new one. They may even have to borrow money to do this.
A lot of 10 year old cars have a lot of life left and should not be scrapped.
Those in a position to buy new can do a lot better than £2000 off a new car by searching the market and selling their old car privately.

mikey72

bluenose1 wrote: »

After much dithering and hours comparing cars, we have gone and pre-ordered a brand new one to replace our 16 year old Mazda.
I think we got a really good deal. Got a Hyundai i20 Comfort for £7100 (£9100 without scrappage deal) Worked out £950 cheaper than quote for exactly the same car from Garage in Southport. This price included the metallic paint and Electronic Stability Control.
http://www.hyundai.co.uk/newCars/i20/
On the Hyundai website it quotes £9445 for this car without metallic paint so the Dealer gave us a better price than the RRP on the website. Didn’t have to barter that was the price he quoted.
If we had gone for the base i20 model with no metallic paint that would have cost £6100

Who's the dealer?
I want an i10, my dealer won't move on prices.