The British car scrappage scheme, which offered drivers up to two thousand pounds (roughly four thousand dollars US) to turn in a car ten years old or older for a new car is on track to run out of money fairly soon.

By most accounts, this British equivalent of Cash for Clunkers was a success, generating a six percent rise in car sales across Great Britain.  But half the money the program was allotted has been spent, and there are no signs that the British government intends to add any more to it, despite a fairly vocal outcry suggesting that they should.

Sometimes you’ve just got to know when to cut a deal short, folks, and in this case, now’s the time.  Hopefully it’ll help get the British economy back on its feet.

Tags: British law, car scrappage scheme, Cash for Clunkers, great britain

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Are you familiar with the celebrated Cash for Clunkers deal already? Well if the past posts from companies and groups still leave you out and thinking, here is another company which takes its turn to educate and orient you on the latest car scrappage scheme for your old vehicle.

Saga Car Insurance briefs us this time on what the car scrappage scheme is all about. Areas such as which vehicles are included in the scheme and how much you can get for it are once again enumerated to help people consider the pricing factor and discounts should they decide to get a new vehicle.

How the scheme is funded
Approximately half the cash incentive for each sale will come from the Government, whilst the car manufacturers themselves will pay out the remaining £1,000. The car manufacturers will have to sign up to the scheme to take advantage of the offer, whilst dealers will take care of all the paperwork, as well as arranging for the old car to be scrapped.

The conditions
All scrappage cars must have a valid MOT and be registered with the DVLA. Also, the owner must have a UK address and been the registered keeper for at least a year. The new car must be sold only to the person who is offering the scrappage car and be a brand new UK specification vehicle.

Divided opinions
But it would appear that ‘Bangers for Cash’ is already proving to be controversial. One reason being the fact that you can trade your old car in for any new car or van, not just low pollution models, and the second is that the scrappage allowance will be available on all new cars – not just those built in the UK.

(Source) Press

Tags: bangers, briefs, car insurance, car manufacturers, car scrappage scheme, cash incentive, motorists, new car, new cars, one reason, paperwork, pollution models, saga, uk address, uk source

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It looks like the UK car scrappage theme is leading the way towards new hope for car sales. Yesterday, Mazda was the car manufacturer that was getting back on its feet and now Chevrolet unveils its own program, offering a great deal that should lure in potential buyers for their Chevrolet Epica saloon and Chevrolet Captiva.

Chevrolet is offering the Chevrolet Epica saloon under the scheme from only £10,495 on-the-road and the Chevrolet Captiva from only £13,495, subject to a customer’s vehicle qualifying for the discount. To qualify, it must have been registered before August 31st 1999, have a valid MoT certificate and been registered to the same person as the all-new car for at least 12 months prior to being traded in as scrap.

Now how is that for a great deal? If things look up, don’t be surprised if other car manufacturers devise a trade-in deal of their own soon. Soon we may see a car scrappage scheme pricing war on the horizon which should benefit consumers all the more!

(Source) Carpages

Tags: car manufacturer, car manufacturers, car sales, car scrappage scheme, Chevrolet, chevrolet captiva, chevrolet epica, Mazda

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A day after the said launch of the UK’s car scrappage scheme, Toyota and Honda have reportedly held back, stating that they need exact figures on just how much they will be contributing before they actually participate in the said scheme.

The need for clarification and certainty seems to be demanded by the two car manufacturing giants, opting to see in black and wait just how much would have to contribute to the scheme, which was designed to kickstart moribund sales and revive the flagging industry.

To refresh your memory, Motorists who trade in their old car and buy a new model from participating manufacturers will receive a £2,000 discount, half of it paid by the government and half by the car industry.

Unless this issue gets resolved, sudden constraints have come up. And knowing how many motorists own cars under these two car giants, you know that something may eventually hinder the success of this car scrappage scheme in the United Kingdom.

(Source) Guardian

Tags: car giants, car industry, car scrappage scheme, Cars, clarification, constraints, exact figures, Ford, Honda, launch, memory, motorists, new model, Toyota, united kingdom

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The United Kingdom has made good its promise to address the growing problem of carbon emissions by older cars as its car scrappage scheme was officially inaugurated today, providing owners a £2,000 discount if they surrender their car for scrappage. Cars over 10 years are eligible for the scheme.

Now before you go on considering this deal, would £2,000 be sufficient to get rid of that old automobile in lieu for a new one? Depending of course on the type of car you will be getting, you just have to do some pencil pushing. New cars don’t come cheap despite the price cuts and discount deals that car manufacturers are undertaking to survive.

One cry is to adjust the said discount deal, something more tempting to be able to get a good vehicle in the market. Though nothing has been said for now, it looks like this deal will remain the same although it is likely studies may be ongoing as we speak.

“There are so many good deals out there on pre-registered nearly-new stock that actually it’s easier to find a car with a bigger discount under these pre-registered deals than it is under the scrappage scheme,” said Kieran Puffett, editor of Parker’s.

(Source) BBC

Tags: 10 years, automobile, BBC, car manufacturers, car scrappage scheme, carbon emissions, discount deals, good deals, kieran, new cars, older cars, pencil, uk car, united kingdom

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