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#307638 - 8th Apr 2009 10:52am Your old car worth £2k in scrap...?
StuyMac Offline

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Registered: 24th Nov 2003
Posts: 12002
Loc: Wirralshire
Originally Posted By: Pistonheads
New car sales fell again last month with new registrations down 30.5 percent against March 2008.



£2k incentives for scrap cars proposedThe figures prompted renewed calls from the Society of Motor Manufacturers and Traders for the government to introduce a subsidised scrappage plan in its forthcoming budget. March is usually the highest volume month for new car sales, suggesting there may still be worse to come.

In contrast, Germany reported sales soaring by 40 percent last month as customers took advantage of the scrappage subsidies already in place there. The strong German figure helped constrain the year-on-year March sales slide across Western Europe as a whole to a drop of just 7.2 percent according to JD Power analysis.

The SMMT wants the government to introduce a £2000 per car scrappage incentive for drivers trading in old cars for new ‘cleaner’ models. According to chief exec Paul Everitt, the UK is the only major European market not to have implemented such a scheme.

Aside from the cost to taxpayers, the treasury is reportedly concerned by counter-arguments that a scheme would benefit carmakers from outside the UK, and also that any demand pulled forward will be lost later when incentives are removed.
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#307641 - 8th Apr 2009 10:57am Re: Your old car worth £2k in scrap...? [Re: StuyMac]
AX_125 Offline

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Registered: 10th Nov 2003
Posts: 3793
Loc: Home
Good idea in theory, but it will wipe out cheap car market for people that can't afford new cars.
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#307729 - 8th Apr 2009 3:49pm Re: Your old car worth £2k in scrap...? [Re: AX_125]
DavidB Offline
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Registered: 7th Dec 2003
Posts: 5599
Loc: Bebington, Wirral
Incentive for the dealers to sell more brand new cars.
It goes against the government's current environmentally conscious policies (ie more taxes).
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#307733 - 8th Apr 2009 3:53pm Re: Your old car worth £2k in scrap...? [Re: DavidB]
StuyMac Offline

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Registered: 24th Nov 2003
Posts: 12002
Loc: Wirralshire
I thought it was to the contrary and that, yes dealers would sell more cars, but for every one scrapped a newer clearer one would replace it.

It wouldnt mean more cars as the min scrap value would only apply on one car replacing the older car.

It would also help the now flagging car industry sell more cars.

Also, its just a suggested incentive - your not going to be forced to scrap your car, it may just help some people replace their older, uneconomical cars, with newer, cleaner replacements.
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#307740 - 8th Apr 2009 4:14pm Re: Your old car worth £2k in scrap...? [Re: StuyMac]
AX_125 Offline

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Registered: 10th Nov 2003
Posts: 3793
Loc: Home
Also means alot of people will go into more debt as they think they are getting a good deal.

Don't forget the price of new cars has gone up by nearly £2000 for some models. So it is giving with one hand and taking with the other.
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#307744 - 8th Apr 2009 4:47pm Re: Your old car worth £2k in scrap...? [Re: AX_125]
golfvr Offline
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Registered: 13th Oct 2004
Posts: 1522
Loc: Birkenhead
The only way to play this would be too, sell ya own car for a decent sum in my case £2500ish

Buy a £100 duffer, for the 2k discount

my car £2500
£2000 duffer discount

£4500 off my audi TT which is 25k which I cant afford smile
lol
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#307771 - 8th Apr 2009 6:43pm Re: Your old car worth £2k in scrap...? [Re: golfvr]
BMW Joe Offline
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Registered: 30th Apr 2006
Posts: 12369
Loc: Birkenhead
My car is worth more scrap than it is selling it anyway
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#308031 - 9th Apr 2009 10:39am Re: Your old car worth £2k in scrap...? [Re: BMW Joe]
StuyMac Offline

Wiki Master

Registered: 24th Nov 2003
Posts: 12002
Loc: Wirralshire
TBH I think you would only get the offer if you where PXing it against a new car...

I doubt you would get £2k for just scrapping your car as you could just then go an replace it with something of the same age.

TBH I think its a good idea, it wont kill the 2nd hand car market, it will just give people more options when looking at getting a new car.
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#308104 - 9th Apr 2009 5:56pm Re: Your old car worth £2k in scrap...? [Re: StuyMac]
DavidB Offline
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Registered: 7th Dec 2003
Posts: 5599
Loc: Bebington, Wirral
You have to have owned your car for a year.
Loads of people are opposed this, me included, I think it's just bizarre and pointless.
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