Car Scrappage Scheme

buglawton

Hmm the 30 mile round trip to either the nearest Hyundai or Kia dealer (they really are thinly spread...) makes using dealership servicing a no-no for me.

Hintza

buglawton wrote: »

Hmm the 30 mile round trip to either the nearest Hyundai or Kia dealer (they really are thinly spread...) makes using dealership servicing a no-no for me.

30 mile round trip? That is quick run up the road around here.....:rotfl::rotfl:

Inactive

Hitme wrote: »

Add this is where the problems can start. To makers spec means not just using normal parts like filter etc but also using the same oil. It's absolutely fine unless something major goes wrong then if the manufacturer can find a way out they will. For this reason the vast majority of people who purchase new cars have them serviced at their authorised dealer until their warranty runs out.

Many will do that, even if you use a Main Stealer for servicing anyway.

I did say " to makers specification " so that would obviously include the " oil ".

hethmar

Hintza wrote: »

30 mile round trip? That is quick run up the road around here.....:rotfl::rotfl:

Same here in Norfolk

studioeng

I've been considering taking up this scheme and buying a brand new basic model Kia Picanto 1.0 no frills and trading in a 10 year old Seat Arosa 1.0 that cost me £200 18 months ago, which is practically falling apart (although flew through the MOT).

Trading this is for a base model Kia Picanto would cost me £4,195. The car would be used by my partner who's learning to drive. At this price I'm not really that concerned about dealership servicing requirements or the like, but it seems too good to be true.

My old man is adamant that I can get a better deal by just walking in with cash and get it cheaper without the Scrappage Scheme, but I can't see it somehow, there's no way they would give me more than £2000 off the car just for paying cash.

Any thoughts?

matthewfc

Hi Studioeng
Yes your right. I have done exactly the same. Traded in my 13 year old civic (also a shed which will cost around £500 to get it through it's next MOT) for the standard white Picanto. I have looked endlessly into the alternative deals. If you walk into the dealers at the moment you will be lucky to get a decent 2nd hand one for £4000. So it is a no brainer for myself.

Quite a long waiting list though. Ordered it last week and was quoted 6-8 weeks. But other dealers have quoted me much longer than that. Not really a proble for myself as the MOT on the Civic is good for another 7 months yet.

Nuck_the_king

studioeng wrote: »

I've been considering taking up this scheme and buying a brand new basic model Kia Picanto 1.0 no frills and trading in a 10 year old Seat Arosa 1.0 that cost me £200 18 months ago, which is practically falling apart (although flew through the MOT).

Trading this is for a base model Kia Picanto would cost me £4,195. The car would be used by my partner who's learning to drive. At this price I'm not really that concerned about dealership servicing requirements or the like, but it seems too good to be true.

My old man is adamant that I can get a better deal by just walking in with cash and get it cheaper without the Scrappage Scheme, but I can't see it somehow, there's no way they would give me more than £2000 off the car just for paying cash.

Any thoughts?

SE,

I went all through the calculations for buying a new car under the scrappage scheme as opposed to buying "nearly new".

Eventually, as you will see elsewhere on this topic, I went for a new Hyundai i10.

Bottom line: on cars as cheap as this, there is no way that you would get the same discount even if you walked in with a briefcase full of fivers. The dealer I went to had a "pre-registered" model with less than 100 miles on the clock, and it was still £1000+ more than what the new one cost me.

However, as everyone knows, the major cost of buying a new car is depreciation. You drive it out of the showroom: bang, it's worth 10-20% less immediately. What I think is really hard to work out is how much the scrappage scheme will affect long-term residual values.

I expect that in 3 years' time (just when the warranty runs out), there will be hundreds of base level specification Picantos for sale, with the consequent lowering of price as supply will way outstrip demand. Hyundais have a 5-year warranty; which is why I went for the i10. Also, I went for the next model up from the base-level and specified a different paint colour. Altogether, it cost me £5850 instead of the £4995 for the absolute base level version. I think that I will enjoy driving it a bit more (intermittent wipers, front and rear electric windows), but hopefully there will be slightly fewer of them around and so I will be able to sell it on for a little more.

However, I think that no-one can really honestly predict depreciation on these cars, because the scrappage scheme has never happened before.

All I know is that I could afford £6000 over 3 years, I'm scrapping a 10-year old Nissan Micra which is on the way out and worth nothing: and so I think (for now at least) that I have made the right choice. But depreciation will be the killer; so only time will tell.....

Nuck.

P.S. One more thing; I am not in the country for most of August; so the delay between ordering & delivery works for me: the car will be here in late July - early August, but I've told the dealer that I can't get it until September 1st: so it will be registered as a "59" plate, not "09". Again, not much difference; but possibly worth £50 at re-sale time....;)?!

sabretoothtigger

2k off that picanto would be 32% so thats more then you'd be able to get normally off a small new car

The road is going to be awash with same colour kias. If you can find something else to go for, it should be worth more when selling

Hitme

Of course if you are buying a Picanto with the intention to keep it for many many years then just buy the cheapest one you can (i.e. white).

Hintza

Nuck_the_king wrote: »

SE,

I expect that in 3 years' time (just when the warranty runs out), there will be hundreds of base level specification Picantos for sale, with the consequent lowering of price as supply will way outstrip demand.

You could very well be correct but remember folk going for this deal probably couldn't give a fig about depreciation. They are after all trading in a 10 year old car and for whatever reason are hardly the car manufacturers core customers and they will probably keep whatever they buy for the next 10 years. So I don't think it will make much difference.