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Originally posted by Joe
Which also puts more pressure on independant car dealers who are already having it tough at the minute let alone when everyone walks in demanding £2k for a car that isn't worth a bean.

Lets really support small and local businesses, well done again Labour.

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Originally posted by John
Boooooooo that's that out the window, I was already planning what to get

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Originally posted by Joe
Looks like the car has to be more than 9 years old aswell.

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Originally posted by Anty

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Originally posted by micra_pete
buy a banger - £100

take it the the trader - £2000

Job done.

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thats wot i thought !!


[Edited on 22-04-2009 by Anty]

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Motorists buying new cars will get a £2,000 discount if they trade in cars that are more than 10 years old, the chancellor has announced.

Alistair Darling unveiled the scheme - which will run until March 2010 - to help the struggling car industry.

He said he wanted to help the UK's motor industry "which has been one of Britain's success stories".

But critics have said the scheme could hit second-hand car prices and will do little to safeguard UK jobs.

Welcome boost

A similar scheme to the one announced by the chancellor was introduced in Germany earlier this year.

It resulted in a 40% rise in German car sales last month, in sharp contrast to the UK where sales slumped more than 30% compared with a year earlier.

Carmakers and dealers hope the UK experience will echo the German one.

"The government has taken the opportunity to boost the new car market, while simultaneously helping consumers buy a new car," said Paul Williams, chairman of the Retail Motor Industry Federation.

RAC Foundation director Professor Stephen Glaister said: "If the scheme leads to a reduction in the average age of the national car fleet then this has to be good for road safety as more modern cars will have a wider range of safety features built in."

The Society of Motor Manufacturers and Traders (SMMT) has said the scheme would also help replace heavily polluting cars with more efficient and less polluting new ones, though the scheme is open for buyers of any new car, not merely small, efficient ones.

But the car rental and leasing body, BVRLA, whose members supply 2.5 million company vehicles each year, said it was concerned about the impact on the second-hand market.

"Unfortunately, our ministers have chosen to follow the German model, which has been widely criticised for decimating the country's used car industry," said BVRLA chief executive John Lewis, who predicted that companies would hold on to their cars longer rather than selling them cheap.

The BVRLA is concerned this could result in a fall in demand for new cars from companies that would cancel out the rise in demand from consumers.

Mr Lewis was also concerned that the initiative would do little to safeguard jobs in the UK motor manufacturing industry since most cars bought here are made abroad.

Spare parts suppliers and garages could also suffer from a fall in demand resulting from the mass-removal of old cars from the market.

"Currently the vast majority of cars are still on the road at 10 years old. Indeed at 14 years old, half are still on the road," said Professor Glaister of the RAC Foundation.

"The scrappage scheme announced today risks consigning a lot of perfectly good, and relatively clean, vehicles to the dustbin."

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Originally posted by VXR
What i find funny is, we're in a recession, people have limited money.

Interest rates are high

You have an old car, chances are your not earning loads, hence why you can't afford a new one.

You spot a car, its £12k, you haggle down to £10k (so we're talking Corsa 1.4 16v size here :lol.

You get £1000 for your car..
You get £2000 voucher.

Great, i've gone from £0 debt, to £7000 debt, in a recession, where rates are high and I may loose my job.


Another great idea by Labour....

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Originally posted by myke
is there a minimum spend on the new car to get the £2000 trade in?
what's the cheapest car on the market at the moment? must be £5-6k?

I don't really see how it works.

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Originally posted by Colin
Its being ran until April 2010, so if he does ger that 2nd RS....................

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