Thank you Mr Darling!

[Ted]

For the car scrappage scheme.

So, my Astra runabout was bought for £500 last June. Six months tax, and MOT until May this year.

Hopefully I should now get a grand for it on E-Bay next year before the scheme expires.

So, that means I will have run the car for 22 months, car tax (3x102) insurance (2x£100) all paid for. No depreciation.

Thank you, thank you Mr Darling!!

I don't even resent the £100 splashed out for the MOT and service combined!!


Sits back and gloats smugly

 

[x332race]

Nice investment!

But I suspect that there will be a clause saying that you will have to have owned the car for a specific time before it can be scrapped in for £2000, probably something like 6 months, to prevent you just going out to buy an old banger specifically to trade in. (mind you, this government are so stupid that they might just allow people to buy a banger and trade it in immediately!)

Also, this scheme will start in one months time......the car marked has already stalled due to the various rumors and dithering over the introduction of this scheme and is unlikely to kick start for another month now (although I guess that salesmen can start making advance sales...I predict June being a good month for car sales!)

 

[Mr Jadefox]

Nice investment!

But I suspect that there will be a clause saying that you will have to have owned the car for a specific time before it can be scrapped in for £2000, probably something like 6 months, to prevent you just going out to buy an old banger specifically to trade in. (mind you, this government are so stupid that they might just allow people to buy a banger and trade it in immediately!)

Also, this scheme will start in one months time......the car marked has already stalled due to the various rumors and dithering over the introduction of this scheme and is unlikely to kick start for another month now (although I guess that salesmen can start making advance sales...I predict June being a good month for car sales!)

But if the point is to get these old cars off the roads, does that matter?

 

[Alps]

isnt it just for px with new cars though?

 

[The G.F.P]

i bought my daughters mother (yes my ex but i prefer to refer to her as my daughters mother) a 1997 megane scenic last sept for £1,000 and its a nice car with low milage and all the electriocs inc twin sunroofs and she keeps saying she will trad eit in afor the £2,000

i have pointed out many times that she would only be able to do that in september 2009 and then would still need another £4k for a new car as im sure it applies to cars from dealers upto 1 year old

so a 2008 clio 2nd hand and 1 year old would be around £4k ish

also they said on talksport that both cars need to have been made in the uk!

i doubt that

 

[Mr Jadefox]

If it is JUST for new cars, one would think that nearly new prices will also come down as well....

 

[wemorgan]

The Government has set a cap of £300m matched by manufacturers for this proposal. If the average car costs £20k (?), then this equates to 30,000 cars.

 

[robert.saunders]

The small print:

4.16

To give a boost to the car industry during the current downturn, the Government announces the introduction of a vehicle scrappage scheme. ​

A discount of £2,000 will be offered to consumers buying a new vehicle to replace a vehicle more than ten years old which they have owned for more than twelve months. The Government will set aside £300 million for this scheme with funding matched by manufacturers participating in the scheme. The Government will work with industry to introduce the scheme next month. The scheme will end by the start of March 2010, or when funding for the scheme has been used if earlier.​

 

[Ted]

Damn!!! Foiled again!!!!

 

[Satch]

It is £1k, not £2k. The missing £1k is expected to come from the car maker.

They are not happy about that, so what do ye think will happen to all those discounts funded by support from the maker?

 

[tony2311]

The dealers will stop giving big discount and we end up saving the 1k from the goverment

 

[x332race]

It is £1k, not £2k. The missing £1k is expected to come from the car maker.

They are not happy about that, so what do ye think will happen to all those discounts funded by support from the maker?

Ah...so its not as generous as the government headline would have us belive.....all that will happen, as you rightly say, is that discounts for new cars will reduce....

 

[x332race]

But if the point is to get these old cars off the roads, does that matter?

This scheme is meant to stimulate the economy and has no green credentials as far as I can see....also you still have to be able to afford to buy a new car in the first place, so you have to have the cash sitting around or have access to credit.....if the banks are not lending, then this initative may not work. Isn't it as good to keep an older car running as manufacturing a new one?

 

[Mr Jadefox]

If the average car costs £20k (?), then this equates to 30,000 cars.

I think the average car costing £20K is far to high. Probably the mathematically average, but I bet the mean of a private owned car is much less. closer to £10K? And your £2K isn't going to make much of a dent of a £20-30K car (the extras would be more than that ).

However for the Corsa/Fiesta driver, that it will be realistically aimed at, this will make a sizeable difference. Can't see companies like Mercedes getting too excitied about this to be honest.

 

[Dryce]

Ah...so its not as generous as the government headline would have us belive.....all that will happen, as you rightly say, is that discounts for new cars will reduce....

It never is.

How many people with 10 year old scrappable cars have the wherewithall to buy new anyway?

Very few I suspect - at a guess a high proportion of 10 year old cars were bought well out of warranty by their current owners.

 

[Ted]

It never is.

How many people with 10 year old scrappable cars have the wherewithall to buy new anyway?

Very few I suspect - at a guess a high proportion of 10 year old cars were bought well out of warranty by their current owners.

Not me, that's for sure!

Still, comfort for me is car got a 13 month MOT today, Oil & filter change, & 3 wiper blades for £90 instead of the £100 budgeted.

Every cloud........!!

 

[Mr Jadefox]

This scheme is meant to stimulate the economy and has no green credentials as far as I can see....?

It would still do this though if people did buy old bangers and sell them??

also you still have to be able to afford to buy a new car in the first place, so you have to have the cash sitting around or have access to credit.....if the banks are not lending, then this initative may not work. Isn't it as good to keep an older car running as manufacturing a new one?

But as you say, its about trying to sell new cars as well getting the old ones off the road.

 

[Sp!ke]

This is surely going to increase the price of older cars and squeeze those not fortunate enough to be able to buy a new car off the road altogether.

After not too long a time there will be no car for sale anywhere for less than £1k I would imagine.

I wonder if these perfectly working cars actually have to be scrapped as well. If they can be exported and resold in another part of the world then you're just moving the older cars elsewhere and you can't possibly pretend there's a green agenda.

I wonder how tight the cashback scrutiny will be also. Thinking groups of car dealerships selling the same nearly new cars to each other round in circles and getting £2k cash back each tiime, like the VAT scam.

 

[GRAV888]

Peugeot 205 GR for sale. 1989 F reg

WAS £395

NOW £1395


lol

 

[verytalldave]

Can anybody ever recall a budget when whatever is given with one hand is more than taken away by the other?
Because I cant.