Cash for Scrap

Government plan handout to scrap your old car

Motorists could be offered up to £2500 for trading their old car in for a new model. The plan is being backed by ministers in the hope of kick starting the motor industry. The scheme would offer buyers of new cars a cash incentive of £2500 when trading in a car more than nine years old. A figure has yet to be agreed but it would have to be a substantial amount for motorists to be tempted to visit the showrooms.

The German government introduced the scheme in January and this has led to a 21 percent rise in vehicle sales in February, the number in the UK fell by 21 percent in the same month. A similar scheme in France has not been quite so successful but buyers only receive £1000 for vehicles over ten years old.

The introduction of a scrappage scheme could create a demand for up to 250,000 new vehicles and remove an equal number of old and heavily polluted vehicles from our roads which can only be good for the environment.

By Geraldine Ashton-Green, motoring.co.uk

Car Picture Gallery

Your Comments

Click here to read all 13 comments

dianne staford posted 12.08 PM Tue 18 Aug 2009
How does this scheme help the low income family's who are already struggling. My car just failed mot, but in order to get this deal, I need to find another £40000 or more to actually buy a new car. Would someone tell me how does this help me? I now have to buy another second hand old car with a couple of hundred pounds which is all I can find?????? Some incentive aimed at the middle classes as usual!!!!!
michelle olley posted 2.59 PM Tue 26 May 2009
hello i have got two old car one car is 10 year old and other car is 9 yeaar old. one car of those car aint got mot.. i was wondering can i get four grand or more and buy new car..if i get rid of two car .
many thanks
fiona lee posted 12.04 AM Thu 14 May 2009
I have a car which is 10yrs old,if i dont have the money to buy a brand new car can i buy a car with this scheme one or two years older car??
thanks
mangal chudasama posted 9.50 AM Fri 08 May 2009
I have a car which is 9yrs old,if i dont have the money to buy a brand new car can i buy a car with this scheme one or two years older car
Cathy Keena posted 8.13 PM Sun 03 May 2009
My car is a 51 so 8 years old. It has done 85,000 miles and I need to change it. I dont think I am eligible for the Govt scheme so what is the best way to get rid of it for some cash.