Government Car Scarpage scheme is a joke

Grovester_2

it's worth a try.

quick check on autotrader shows 99 Ka's at around £700 so that seems about right. They may not come down that much but who knows, it's getting late in the month and the new reg is out soon so you may be able to get a good deal on a pre registered one?

mr.mat21

I went to hyundai and they was closed but went to Nissan.

Well let say they are not as good as it sounds.

with Nissan my car comes under there scrappage scheme, the cheapest Nissan Micra with £2000 for my car in total was £5995.

Now i would have to pay £1500 deposit on top of that to get it for 36 months for £170 per month. Yet let say hyundai took my car as scrappage if the scheme was extended.

That means the hyundai OTR RRP is £8355 minus £2000 scrappage plus £1000 deposit leaves £5355 to be financed and i could get it for just over £120 per month with Hyundai.

This clarifys to me something is not adding up in total i would be financing £4500 with Nissan over 3 years at £170 per month with £2000 scrappage and £1500 deposit (cash) yet hyundai if my car applied would only be just over £120 per month.

He was somewhat rude in Nissan and basically said the scheme won't be extended and basically spoke to me like dirt yet many dealers i have gone to said it's a 50/50 chance.

I have came back just a few minutes ago and am so stressed out and angry with the sales man at Nissan. Hyundai quoted 13% APR and Nissan 9% APR

Mat

Grovester_2

suspect that figure is 9% base.

Accept the fact there is a cut off, only one day but what about if they let yours in the 2nd would only be 1 day, there has to be a line somewhere.

PNPSUKNET

Think the only one thats straight deal is the fiat panda eco its around £6k

mr.mat21

BigDave81 wrote: »

There are several companies offering the scheme 8 years old cars and over I believe, Nissan does for certain

Several Companies?

I only know if Nissan do you know any others that i could check out please?

Thank you,
Mat

chrisiow

mr.mat21 wrote: »

That means the hyundai OTR RRP is £8355 minus £2000 scrappage plus £1000 deposit leaves £5355 to be financed and i could get it for just over £120 per month with Hyundai.
Mat

Your figures don't add up, £5355 over 3 years is £148.75 a month without any interest charges. £5355 borrowed at 13%apr paid back at £120 a month is in fact payable over 5 years at a cost of £1838 in interest.

Inactive

Forget the Hyundai i10 if you want one any time soon, there is a long waiting list for them.

markbenson116

sorry i did miss type, my point is the government wants to kick start the economy and saves jobs, saving jobs is great but i not many people can buy a new car withouth finance, so the government basically want people in more debt to help the economy,

if i could get a nice deal on a 6k car then borrow 4k this i can live with
but im not prepared to use the scheme to buy an 8k+ car,

the scheme only works for people who are in the habit of buying new cars to start with, the people who own 8-10year old cars are not going to buy a brand new car, its just another ploy by gordon brown to make it look like hes doing something, false economy i think,

id rather get £100 for my car and borrow 3k from my bank and get a used car

Cat7Kath

My husband looked into this as a means of getting rid of our old runaboout. But he concluded that the old runabout was far more interesting to drive than some of the bottom end cars that we were prepared to buy. So that was the end of that.

BigDave81

I am not sure why you keep saying £8k minimum spend, there is no such clause.

I have a 2 year old car and had an 11 year old run around I use for work, this was getting more and more unreliable and costing a lot to fix so had a look at the scrappage scheme. Like you I did not want to spend thousands when could get another run around but the last one I got lasted 1 week and the head gasket went.

I found Kia as was told the Picanto was availble at around £4.5k, unfortunately the car is awful and looks terrible, I decided on a Kia Rio Chill. with mats and remote locking and a couple of other bits including air con, central locking, spoiler, alloy wheels, CD player etc as standard with metallic paint it came to just shy of £9k. I haggled a bit and with the scrappage allowance I got the car for £6.5k, no finance I paid in full to save on the interest charges.

1.4 petrol with free one year RAC cover and tax paid, I don't think the price was too bad, just my opinion though.

you can also pick up Clio's and various other spec cars around the £6k mark.