Government offer to scrap your old car
Next weeks budget will announce new scheme
Motorists will receive £2000 in return for scrapping their old cars under a scheme in next weeks Budget.
Chancellor Alistair Darling is expected to offer the payout in the form of a voucher redeemable on a new or almost new model for anyone getting rid of a car more than nine years old. It is believed that issues were still being worked out but the scheme will appear in the Budget next Wednesday.
Car registrations are down by more than thirty percent on a year ago. 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. China and Brazil boosted car sales to record levels last month with tax incentives for buyers.
Britain’s Society of Motor Manufacturers and Traders has been pushing for the allowance for months and has criticised the Government for dragging its feet over the scheme.
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. The scheme needs to be put in place as soon as it is announced if it is going to help save the motor industry.
£5000 incentive for electic cars article
By Geraldine Ashton-Green
Chancellor Alistair Darling is expected to offer the payout in the form of a voucher redeemable on a new or almost new model for anyone getting rid of a car more than nine years old. It is believed that issues were still being worked out but the scheme will appear in the Budget next Wednesday.
Car registrations are down by more than thirty percent on a year ago. 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. China and Brazil boosted car sales to record levels last month with tax incentives for buyers.
Britain’s Society of Motor Manufacturers and Traders has been pushing for the allowance for months and has criticised the Government for dragging its feet over the scheme.
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. The scheme needs to be put in place as soon as it is announced if it is going to help save the motor industry.
£5000 incentive for electic cars article
By Geraldine Ashton-Green
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Your Comments
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have a Ford Fiesta first registered 2nd August 2001 will I be able to get £2000 for it next year?
I have a Japanese import 1997 and would like to get involved with this scheme but as the car did not come to the UK until 2001 I am not eligible, I have owned it since that date though
This will be another scheme
turned into a get rich quick
ruse by car sharks,who will only add the two thousand pounds on before pricing and advertising their cars to get their profits back...
Being Environmental is about Reuse & Recycling. This scheme will enable manufacturers to destroy not just vehicles but all the parts that could be recycled. Watch the price of New Parts for older cars go up as more Recyclable Vehicles end up scrapped. I am the Chairman of Find-A-Part
I am a machine tool service engineer and for the pass decade or more I have seen British industry wickled away broken up and shipped abroad for a quick profit by so call Entrepreneurs who have no interest in the state of their country from where I am standing looking at goverments and the bigger players of the business community all I can see is a group greedy FURENGIES