Theres Not Much Time Left For Those Wanting To Avail Of The Governments Used Car Scrappage Scheme
The hugely successful government scrappage scheme is due to finish next month. This scheme worked by offering those owning cars older than ten years, £2000 off the price of a brand new car for trading in their old one. For people who wanted to buy a brand new car but could not get anyone to buy their old car this scheme was perfect.
330,000 new cars were purchased under the new scheme since its introduction last May. The initiative was meant to end this month but the government has extended it until the end of next month. This is because the money set aside under the scheme can still provide for another 70,000 cars to be scrapped. The scheme worked by the government providing half of the funding and the dealer providing the other half. The public have really warmed to the scheme and it has given the motor industry a boost as many of these brand new cars might not have been purchased without the scheme.
But for those who would still like to avail of the scheme, time is running out. It doesn’t seem likely that there will be any further extensions of this offer. If you are currently driving a car older than a decade and you want to upgrade to something new you will need to move fast. Availing of £2000 off the price of a new car is something that most of us could appreciate.
It is difficult to predict exactly how the end of the car scrappage scheme will affect the car market. There is a lot of concern among many car manufacturers that it will result in a reduction in the amount of new cars that are bought. The recession may be over but many in the car industry are still struggling. It is hoped that this scheme is something that can be repeated in the future especially as it has already helped to remove 330,000 old cars from our roads.
When you think it’s time to look out for used cars, you are always better off trying to research your vehicles beforehand. This reserach will let you find the best cars available for each category you look at. When your research is done, you could very well end up with a great used fiat or even a used ford.
