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Car Scrappage scheme or sell privately?

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  • AdrianC
    AdrianC Posts: 42,189 Forumite
    Eighth Anniversary 10,000 Posts Name Dropper
    Ok thanks, so the best option is to sell privately i guess? maybe a VW site or enthusiasts etc might be an option?
    VW enthusiasts aren't going to get interested in a leggy Mk4 Golf. There's thousands of 'em about.

    Local newsagent window, local FB group/marketplace, or Autotrader. Where would you look for a cheap disposable shed?
  • alembicbassman
    alembicbassman Posts: 97 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    edited 7 January 2020 at 2:48PM
    I looked at the Kia Picanto scrappage deal at the end of 2019. I had a 2007 Chevrolet Kalos to scrap.

    The new Picanto was £11000, the allowance was £2000, but you had to take the finance package. I didn't look into it after that as I wasn't interested in finance. Some finance deals have an early settlement fee which means any savings are compromised. If you pay the installments the interest charged covers a chunk of the scrappage allowance.

    In the end I bought a 3 year old Peugeot 108 5dr with 18k miles for just over £5000 (List price was £11'500 when new) and sold the Chevrolet for £300 privately on Facebook.
  • couriervanman
    couriervanman Posts: 1,667 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper Photogenic
    Dealer will offer you for example £2000 scrappage but it will be on a full price RRP car ie ford fiesta 1.6 ztec £20000 less your £2k £18000

    On the other hand sell car privately £500 and search ford fiesta 1.6 ztec you can guarantee you will find one for example £17k less your £500 £16500 total paid

    The above figures are examples but go on main dealer websites for new car without part/ex or scrappage and prices will be a fair bit lower
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