Car Scrappage Scheme

POSSETTE

therefore your 13 yr old corsa is now worth £2000

Hintza

POSSETTE wrote: »

therefore your 13 yr old corsa is now worth £2000

Yes and no probably safer to say your 13yo Corsa is worth £1,000 and possibly upto £2,000 (remember you will lose much of your haggling power if you bring in a car to be scrapped) but only to the owner it is still only worth £300 to anyone else.

bagboy_2

yes I looked at it as I originally payed £1100 for the car and now hopefully going to trade it in for £2k.
I looked at the Picanto today which is the very basic model and for £4195 you can have any colour as long as it's white, if you want black or silver just add £350. so a new picanto will set me back £4545 which still means that the scrappage value of the car is now only £1650 on the rrp.
they also would not budge on the price and told me they were losing money as the maximum discount is only £500, tried to haggle with the cost of the paint but they would not even meet me half way.
I have currently walked away, but have been phoned by the salesman who has still not offered anything off the price.
I'm going to make them wait a week or so and see what happens, even the basic car looked good so I'll see how desperate they are for a sale
BB

mikey72

Every dealer I have spoken to has a waiting list of up to 8 weeks already for the £5000 cars, so don't hold your breath.

anewman

A good discussion on the scrappage scheme here http://www.bangernomics.com/Bangertorial.html Scrap the scrappage scheme please!

numsadog

CFC wrote: »

Wrong. You'd be surprised at the number of people who run a 10yr old second car, or who have had their 10 yr old car from new. I can tell you there is a very healthy interest in the scrappage deals.

And what's wrong with borrowing money for a new car? Not too many people go out and buy them with cash.

Not wrong!

I agree there are a number of people who buy a new car and keep it for many years, however, a large number of people own an old second car because it was cheap to buy in the first place. They would not replace it with a new car, particularly if they are on average incomes with mortgages to pay and families to support.
There are also a very large number of people who are on low incomes and who are one car families because an old car is all they can afford. The prospect of using the scrappage deal to buy a new car is an irrelevance, even if the prospect of raising a loan, which could represent a high proportion of their annual income, was remotely realistic.

There may be as you suggest a healthy interest in the scrappage deal but it will be insignificant compared to the number of people who carry on with their old car and who replace it with a less old car.

Regarding whats wrong with borrowing money, there are still people about who prefer to conduct their financial affairs incurring the least amount of debt possible. They would rather run an old car that they can afford than a new one that represents a debt burden.

Second hand cars have always greatly exceeded new sales where around 70% of these are company/fleet purchases, a high proportion of which themselves end up on the secondhand or `nearly new` market.

This is nothing more than a badly considered political gimic.

neil40

heather_pastor wrote: »

i've been 'uuuming & aaarhing' for a few weeks now whether to buy a new Fiat 500, and when this scheme was announced, i thought this would be a great opportunity to trade in my old Fiesta which is on its last legs.

but no...................

apparently Fiat have decided that as the 500 is such a good selling model they are not subscribing to this scheme. To add insult to injury, i was offered a paultry £250 off the showroom price of £11,300 - its not exactly a cheap car either !

seems i can only get this deal off either expensive cars or rubbish models that no one would want. Doesnt seem as though a lot of liason went on with the manufacturers before this scheme was announced.

WILL BE WRITING TO MY MP AND OTHERS TO HIGHLIGHT !!

Go for a ford Ka.They are built using same Platform as Fiat 500 and a lot cheaper plus it is a brand new model also.

neil40

Not sure if it has been mentioned on here before but Nissan are offering scrappage allowance on cars 8 years old plus(not 10) if you buy a british built Micra, Note or Quashqai....Neil

PhilStubbs

How many people who have comented on this forum page have actually gone into dealerships to get themselves a deal or is it just presumption that its £2000 for the old car and thats it?

moggylover

I have to admit to having been quite interested in this idea, but have come to the conclusion that it is totally worthless.

I would normally never consider wasting the money on a brand new car because I am fundamentally opposed to the depreciation aspect which would feel like burning pound notes to me (must be my Jewish blood:D). Furthermore, it appears that there are probably better "deals" going to be around when not using the scrappage scheme - so once again it is smoke and mirrors rather than any true advantage. And lastly, I don't care how "green" the newer vehicle may be to run, the environmental cost of scrapping an existing MOT'able vehicle and manufacturing a totally new one is FAR higher than that of continuing to run an older car and so something that I don't think we need to be getting into: and certainly not something we should justify as a "green" solution.

I do see the recessionary sense of encouraging people to spend during a recession (sounds a bad idea - but only spending will turn the economy around) and would be loathe to see yet more employment dissapear if the manufacturers went broke but don't think this scheme will help at all.