Car Scrappage Scheme

alpha-10

What would stop someone picking up a 50 quid runner out of the newspaper and trading that in. The only problem I can see is that it's not impossible to get close to a couple of grand off the screen price anyway, particularly if you go for ex-demo models which are often that in name only when garages want to shift stock.

stphnstevey

Agree with alot of the comments on this post - I see main problem's as

• Only off retail price, not any already discounted price. Therefore price could go up by as much as goes down, depending on current discount. Negating any discount
• MOT - why if it's to be scrapped?

Anybody have a link to HMRC about the recent Electric Car £5000 incentive?

PS - can a voting link be added to this post?

Hintza

stphnstevey wrote: »

Anybody have a link to HMRC about the recent Electric Car £5000 incentive?

PS - can a voting link be added to this post?

Well that is another load of tosh! No cars suitable. It is all smoke and mirrors a bit like Carbon capture.

bluenose1

alpha-10 wrote: »

What would stop someone picking up a 50 quid runner out of the newspaper and trading that in. The only problem I can see is that it's not impossible to get close to a couple of grand off the screen price anyway, particularly if you go for ex-demo models which are often that in name only when garages want to shift stock.

You need to have owned the car for a year.

DealDrivers_company_representative

Hintza..the electric car scheme does not start until 2011..that was made clear in the budget announcement adn in all the subsequent press reports. Manuf'rs are still developing the cars...thats why none are shown.

POSSETTE

We went round every dealer inDerby last weekend.We have a second car in the household that qualifies for the 2k reduction. Some dealers,Ford and Citroen, said that they have no details on wether it covers all models or just a few,but all the other dealers said they are in it with all models.We liked the Vw Fox,it was 6549 in the showroom and sales chap said we would get it for 4549.As 5k is my limit this sounds good.Kia,Toyota,Vauxhall,Nissan,Honda are all doing it too.Citroen chap moaned that thier cheapest car has no scope to move by a thousand by the dealer,so he wasnt sure how they stood.Basically,he said every other model has an extra 1k added that you can bargain off.

gdcox

Buying new model Hyundai i20 for 7K for sacrifice of £400 pound car.. You cannot pay less than £9 K without scrappage.

MrJolly44

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 !

I'm doing the same, getting a 500. The dealer isn't really sure how this all works but admits the 500 isn't part of the scheme. They did say they would be able to do something, but they're not sure what yet. I'm keeping my fingers crossed it'll be worth having.

Lemonade_Pockets

There seems to be a bit of a myth about not paying VAT on used cars. In reality, you pay VAT on pretty much ANY car you buy, no matter if it's new, 'nearly new' or an old banger. There is no 'extra' VAT added on top of the price of a used car, but the price already includes the VAT that the original owner paid on it, less any depreciation.

I follow your logic, but VAT by definition is a tax. It is only ever collected once* by our wonderfull government. After that no more VAT is paid regardless on the affect it has on values.


*unless as described the owner reclaims the full amount in which case the car remains VAT qualifying.

gdcox

Lemonade
This VAT thing is worse than a red herring
Economics 101
If the prices of nearly used cars did not reflect the VAT tax paid on new cars pro rata to the used price in the market, there would be more demand for those cars and less supply and their would be bid up until they did .
if VAT on new cars was doubled, do you not think nearly new and older cars would move up in price over a few weeks or months as a result.