Car Scrappage Scheme

hethmar

Have you tried any of the online brokers for the car you really want? carfile got us a Golf Plus 1600 diesel when the local dealer was quoting next Jan.

http://www.newcarhugesavings.com/inline.asp

mine_only

Say for example, you have an 10 year old car that is worth £500. If you bought a 2nd hand car priced at £5000, you would pay £4500.

Instead, if you use the £500 towards the scrappage scheme, say, VW for example, you would get £3250 towards a VW golf. For eg, you could get a brand new 1.4 VW golf at, £10000 through the scrappage scheme.

Use this as new Golf as part exchange, and you get £12000 (Using data from the volkswagen.co.uk website for used car prices for a similar car which has done 20miles). Pay of your loan of £10000, use the £2000 towards a 2nd hand car (priced at £5000) and the total sum payable would be £3000. Thereby saving you £1500.

Assumptions made:
1) You were going to get a 2nd hand car anyway
2) The VW price is probably going to be slightly less than 12000 as they will need to make a profit when they resell the car. Even if they buy the car back from you at £11000, you would still make a £500 profit.
3) Your loan provider does not charge you a huge penalty fee on repayment of the loan
4) you don't fall in love with your new car and decide to keep it

Suggestions: Ask how much the new car you buy as part of the scrappage scheme would be worth the very next day after you sign the paperwork. It is unlikely to have depreciated by much

Would be interested to know what the serious number crunchers out there think!

mr_accountant

Derek_Duval wrote: »

Well the Hyundai prices haven't increased that much. i10's are the same (not sure about the top models). My i20 has gone up £150, so not a big increase, but I'm glad I ordered when I did.
As for waxing, I'm doing mine with diamond brite. Did it on my other car at the weekend to test it out & the results were amazing, my 7 year old car has a much better shine than my new hyundai. Took a good 4-5 hours though. Have to be careful of the stuff you buy as there are claims that there is fake stuff around, not sure how true that is though.

incorrect, the i10 classic and comfort models have increased by £105, so has the special edition es 1.1 (old engine) model. i would have it a guess the style has also increased by the same amount

mr_badger_3

Thank you, I'll be asking the dealer on Saturday and will report what he says.

mine_only wrote: »

Say for example, you have an 10 year old car that is worth £500. If you bought a 2nd hand car priced at £5000, you would pay £4500.

Instead, if you use the £500 towards the scrappage scheme, say, VW for example, you would get £3250 towards a VW golf. For eg, you could get a brand new 1.4 VW golf at, £10000 through the scrappage scheme.

Use this as new Golf as part exchange, and you get £12000 (Using data from the volkswagen.co.uk website for used car prices for a similar car which has done 20miles). Pay of your loan of £10000, use the £2000 towards a 2nd hand car (priced at £5000) and the total sum payable would be £3000. Thereby saving you £1500.

Assumptions made:
1) You were going to get a 2nd hand car anyway
2) The VW price is probably going to be slightly less than 12000 as they will need to make a profit when they resell the car. Even if they buy the car back from you at £11000, you would still make a £500 profit.
3) Your loan provider does not charge you a huge penalty fee on repayment of the loan
4) you don't fall in love with your new car and decide to keep it

Suggestions: Ask how much the new car you buy as part of the scrappage scheme would be worth the very next day after you sign the paperwork. It is unlikely to have depreciated by much

Would be interested to know what the serious number crunchers out there think!

trumptonblue

mr_accountant wrote: »

incorrect, the i10 classic and comfort models have increased by £105, so has the special edition es 1.1 (old engine) model. i would have it a guess the style has also increased by the same amount

The prices have gone up but so has the Hyundai part of the scrappage incentive, so for example the i10 classic is still the same as it was before.

Search_2

Hi,

Was just about to buy a Mazda today and use scrappage. But, after specifically saying they wouldn't and criticising competitors who do this, they have changed their finance offering...but only for scrappage customers.

They offer competitive finance packages, which was a main reason I chose Mazda. That, and the fact they had been in the press a few weeks ago commenting on competitors who offered different and worse deals to scrappage customers and saying they wouldn't do that. Now, though, they have gone and done exactly that! Scrappage customers, as of today, are no longer allowed to access their best finance deals.

Dolphin

Hi

Well its July 1st so i have now officially ordered my Hyundai i10 comfort - but its gone up in price! I am paying £250 - I was quoted £5450 three weeks ago but today i have had to agree to pay £5700, Hyundai have lowered their scrappage amount from £1200 to £1100 and the car itself has gone up by £150. I still feel its good value for money but obviously am disappointed that i have had to pay more than originally thought.

I have been quoted a 3 month wait! - typical finally get a car with air-con and dont get it till the start of winter:rolleyes:

Dol

mr_accountant

trumptonblue wrote: »

The prices have gone up but so has the Hyundai part of the scrappage incentive, so for example the i10 classic is still the same as it was before.

had a look here http://www.hyundai.co.uk/a/pdf/brochures/scrappage.pdf?utm_s and it looks like hyundai have increased the contribution on the classic, so it remains at £4,995. on the ES the price has gone up to £7655 with metallic paint (was £7550 at the delaers last week). the comfort is up more, by £205 to £6,055 with metallic,was £5850.

jansus

happened with me on the picanto, scrappage started on the monday the price was 4195 with much publicity, two day's after scrappage started it was priced at 4495 that 300 pounds made a big difference to me very dissapointing. although i have gone for it i can't help but feel a bit ripped off

Search_2

I don't know how they are allowed to get away with all the dodges, and exceptions and exclusions etc. Or saying one thing in the press and then changing it to suit after they have gotten initial publicity.

I know it isn't exactly breaking news or anything, but you would think a government scheme (funded by taxpayers) would be worthy of more scrutiny by someone. All these instances of different deals being offered to scrappage customers are rife. So many manufacturers are offering a two tier pricing system, one price for scrappage customers and one price for 'normal' customers.

I was so annoyed at Mazda though. To me they are the worst of all as they had the cheek to comment on competitors who were charging higher finance rates to scrappage customers....and a few weeks later they go and do it themselves. Ridiculous.