Scrappage is through
- Thread starter Bob_the_lost
- Start date
spanglechick
High Empress of Dressing Up
I've got a SORN'd Peugeot 205 if anyone wants to give me 500 quid for it
you can have my corsa (1 month road tax remaining) for £200 - collect from herne hill...
Bob_the_lost
Elsewhere
Stick it on ebay, even if the rules say that you'd need to have owned the car for a year there'll be some mug who doesn't read the small print who'll pay a grand for it.
Leafster
.
The Budget Report says the Govt. will work with the industry to introduce the scheme next month and the scheme will end by the start of March 2010.
ETA: I've just noticed that it also says that the scheme may end earlier if the £300 million set aside for the project is used up sooner.
Bob_the_lost
Elsewhere
Perhaps it is, probably it is, could always backdate the paperwork.
newme
Giant in Pastyland now
How would u backdate your transfer of ownership on the dvla database exactly, pay someone off?
Leafster
.
I think the more successful scheme would be to get someone who has owned a car for over a year to "buy" your new car for you. They then "sell" it to you after taking their cut.
newme
Giant in Pastyland now
Yeh had considered that possibility, does require it being someone you trust enough to have your brand new car registered in their name and transfer it over to you that you are buying said old banger from.
Or not just do one once uve forked over the cash to buy it.
Bob_the_lost
Elsewhere
Half's from industry, half government. I'd guess it'd knock a further grand off but not much more.
kabbes
First intersubjective, then internalised
Depends what you buy. You can get a brand new Fiat Panda 4x4 for about £8k (if you're willing to wait 12 weeks or so) and after a year it will still be worth nearly as much.
Oswaldtwistle
Banned
Have we got the hardcore details on this yet? What cars are included, and what constitutes 'nearly new' for example?
Leafster
.
All I've seen is a copy of the Budget Report and a transcript of the Chancellor's Speech but neither of those mention anything about "nearly new" only "new" vehicles. He said the Secretary of State for Business would announce further details later but I haven't seen anything.
Oswaldtwistle
Banned
I'm not generally as anti-car as Mike but on this occasion I agree with him. The whole thing seems crazy to me. The powers that be tax fuel (just increased and going up again in September!!) on the grounds that motoring is 'bad' then spend public money encouraging people to buy cars.
I still think it would make more sense to let one car company fail, then spend the money retraining the workforce and helping them set up businesses than these endless bailouts.
cybertect
It's grim up north (London)
There was a bod from Parkers (publishers of a guide to second hand car prices) on the radio recently reporting that they were finding it was already cheaper to buy a new car than one that was 1-2 years old.
http://www.thisismoney.co.uk/consumer/article.html?in_article_id=482284&in_page_id=5
Yep, only applies from mid-May to cars over 10 years old and only when buying new cars:
The rules of the vehicle discount scheme
The vehicle you trade in and the new vehicle you want to buy must meet certain conditions for you to be able to get the discount.
Your vehicle
The vehicle you are trading in must:
* be a car or small van weighing up to 3,500 kilograms (kg)
* be first registered in the United Kingdom (UK) on or before 31 July 1999
* either be registered or have a SORN (Statutory Off Road Notification) with the Driver and Vehicle Licensing Agency (DVLA) in your name
* have been registered to you continuously for 12 calendar months before the order date of the new vehicle
* have a UK address on the registration certificate (V5C)
* have a current MOT test certificate before date of order for the new vehicle
The new vehicle
The new vehicle you want to buy must be:
* a car or small van weighing up to 3,500 kg
* first registered in the UK on or after mid May 2009
* declared new at first registration in the UK with no former keepers
weltweit
Well-Known Member
I don't think this is going to work.
The thing is there are types of people who buy new vehicles and then there are types of people who buy second hand vehicles.
Often new buyers repeatedly buy new cars, perhaps one every three to four years.
Second hand buyers are much more frugal, sometimes only spending one or two thousand in total on their vehicle.
My argument would be a two grand benefit is still not going to persuade many second hand buyers to change their habits and become new buyers.
Especially as two grand will not even cover the instant depreciation on the value of a new car, just as soon as there is an owner in its log book.
So for that reason - Darling - Your Fired !
The thing is there are types of people who buy new vehicles and then there are types of people who buy second hand vehicles.
Often new buyers repeatedly buy new cars, perhaps one every three to four years.
Second hand buyers are much more frugal, sometimes only spending one or two thousand in total on their vehicle.
My argument would be a two grand benefit is still not going to persuade many second hand buyers to change their habits and become new buyers.
Especially as two grand will not even cover the instant depreciation on the value of a new car, just as soon as there is an owner in its log book.
So for that reason - Darling - Your Fired !
cybertect
It's grim up north (London)
If Parkers are to be believed, with the deals around at the moment it's entirely possible that a car might actually appreciate as soon as you drive it away from the showroom 
Perhaps not.
My father was working out numbers when I visited at the weekend and was hoping Darling would introduce this since it would actually make sense for him to buy a new car for the first time in his life (and he's very canny with money).
He celebrated his 76th birthday in January.
Perhaps not.
My father was working out numbers when I visited at the weekend and was hoping Darling would introduce this since it would actually make sense for him to buy a new car for the first time in his life (and he's very canny with money).
He celebrated his 76th birthday in January.
JohnnyOrange
All The World...
I bought a brand new car twelve years ago and I'm looking to get rid of it fairly soon. I'd say I've been pretty frugal in that respect. Would you care to generalise any more?
Oswaldtwistle
Banned
That rules out folks selling their bangers on to others. It also means the take up of this scheme will be fairly low. There can't be that many people with 10 year old cars who can afford the new ones.
Dissapointed that there is no requirement for the new vehicle to be in (say) Bands A-D, so you can now trade in a 10 year old Range Rover towards a modern 4x4.
If Parkers are to be believed, with the deals around at the moment it's entirely possible that a car might actually appreciate as soon as you drive it away from the showroom
Perhaps not.
My father was working out numbers when I visited at the weekend and was hoping Darling would introduce this since it would actually make sense for him to buy a new car for the first time in his life (and he's very canny with money).
Quite. If my car was a couple of years older, I'd be looking at buying new for the first time ever as well. As it is, I'm still looking at buying something 3-4 years old instead.
kabbes
First intersubjective, then internalised
Quite. I bought mine brand new in 1998 and I'll probably trade it in at some point in the next few years. When I do, there's a good chance that it will be for another brand new one.
People don't always fit into the stereotypes of what you might expect.
Leafster
.
I think there is probably another group which will benefit from this scheme - the two car households. They may buy one car new and then run an old banger as a second car. With this scheme they may be able to trade in the old banger to buy a new car to replace the main one of the two and then keep the "main" car as the "second" one.
King Biscuit Time
Well-Known Member
I suppose there's nothing to stop the 'old car' owner buying the new car, then selling it on to a mate though is there (as long as the mate either stumps up the cash up front, or is exceptionally trustworthy).
kabbes
First intersubjective, then internalised
Yep, that's pretty much us. We have one that I bought in 1998 and one that I bought last year. Although with us it's not so much the "main" and "second" car as it is two working people who both need a car.
