Car Scrappage Scheme

bagboy_2

finally bought a i10 yesterday, paid £5100 for the es version. this is £600 more than a picanto that is not white, but the spec is far better :j
dealer gave me £2050 discount for my old car and told me I can claim back any unused road tax on the old car.
bb

[Deleted User]

buglawton wrote: »

Keeping my old car maintained has put quite a bit of money into the local economy (my mechanic). Were I to get a new Euro-Korean car it will have been assembled abroad AND almost all parts manufactured abroad, with a sliver of UK dealer profit and no more money for my local mechanic while the 5 year warranty runs. I really haven't been able to work out yet what the true purpose of this scrappage scheme is, considering it has no environmental credentials either (compared with the German scheme for instance where best benefits went to buyers of really low emission cars).

It's to get money flowing.

Money not flowing is pretty much the definition of a recession. People stop spending, cash flow dries up and shops have lots of stock they bought on credit which they can't shift, builders have lots of staff and no work and car companies have giant car parks full of unsold, brand new and rapidly ageing cars.

If you buy a new car, money moves. The dealer gets some, the taxman gets some, the UK branch of the manufacturer gets some and yes, so does the foreign manufacturer.

Also, even with a five year warranty you still need to have it serviced every year and MOTed twice during that period, plus fill it with petrol, insure it, wash it etc.

It amazes me how many people don't understand this rather fundamental point. They moan about government borrowing and spending, but that is exactly what is needed to counteract a recession. The alternative is to do nothing and watch as more car plants, dealers and manufacturers go bust, with all the knock-on effects that go along with it.

Derek_Duval

bagboy wrote: »

finally bought a i10 yesterday, paid £5100 for the es version. this is £600 more than a picanto that is not white, but the spec is far better :j
dealer gave me £2050 discount for my old car and told me I can claim back any unused road tax on the old car.
bb

£5100 exactly with road tax on the road etc? Reason I ask is my dealer quoted £5195 for the same model.

woodhouseian

Apologies if this has already been covered but...

Has anyone established if it will be possible to make a profit from the scappage scheme? My original idea was to get a Perodua Kelisa for about £2500 (as against list price of just over £4500), then sell it shortly afterwards. However Perodua have wisely decided not to take part in the scheme.

I see someone from the Telegraph had a similar idea.

Are there any cheap models where this profit could actually be made? Is this allowed under the terms of the scheme?

Regards

woodhouseian

CFC

I think it would be tough, Woodhouse; cars depreciate as soon as they get off the forecourt.

woodhouseian

yes, but surely not all cars depreciate by £2000 immediately? Or even after a month or two? For example a Citroen C1? Is there somewhere to find values of genuinely nearly-new cars (ie as opposed to one-year old etc?)

sabretoothtigger

Its then second hand so yea they do.
People can just buy pre registered cars with 2k off and all sorts of deals, Im sure someone will figure something out but it'll have to be on a small car or a car in big demand

buglawton

DELETED USER wrote:

It's to get money flowing.

<...snipped...>

It amazes me how many people don't understand this rather fundamental point. They moan about government borrowing and spending, but that is exactly what is needed to counteract a recession. The alternative is to do nothing and watch as more car plants, dealers and manufacturers go bust, with all the knock-on effects that go along with it.

On this thread cheap Kia and Hyundia cars have cropped up a lot, some posters saying they've done the deal already. Logical as for these cars the real discount approaches 30% on what is already a cheap to run vehicle (remember the name of this website!). Note too that people are not taking delivery yet... cos there's not enough stock! The airfields of unbought cars available are the medium & larger ones that used to be sold to companies, preregistration specialists and individual buyers taking large finance.

So I'm going to take a LOT of convincing as to what the real purpose of this scheme is (apart from to appear to keep up with the Germans whose scheme is environmentally thought out, funded with 7 times as much money and which incidentally happens to be benefiting VW hugely).

Coaster_2

I ordered an Hyundai i10 (comfort with metallic) the weekend after the scrappage announcement in the budget. I was originally looking to buy in Jan/Feb but as soon as Mandelson opened his mouth I decided to sit on my hands and wait.
I got mine for £5850 after scrappage and should have it at the end of May with any luck.
For anyone ordering an i10 be aware that the ES version on sale now has the old belt cam 1.1 Epsilon engine, which while not bad, is significantly outperformed by the new 1.25 litre chain cam Kappa engine which still has the magic 119g CO2 figure and is a lot quicker.

flea72

clareski wrote: »

The tax, insurance and mot are all due to run out on my 13 year old car at the end of the month, so I am very tempted at the new scrappage scheme.

I was looking at the Aygo or Clio - something small and economical. Is there a way of finding the best deals without trawling around all the dealerships?

Had my old banger for years, so out of touch with car buying!

your scrap car still has to have a tax, insurance and an MOT on the date you collect your new car. But with the way sales are going at the mo, its highly unlikely you will find a dealer that can supply in that timescale Most cars are on 8wks+ delivery

Flea