UK Scrappage Scheme Gets a Welcome Boost
Ford are Offering upto £4000 off Their New Focus
Peter Mandelson has announced a further investment in the UK’s successful car scrappage scheme, after an originally hesitant public are won over.
Mr. Mandelson revealed plans for a further £100 million to be ploughed into the scheme allowing 100,000 extra car buyers to benefit.
Initially set to finish in February the scheme’s former £300 million investment would have run out by October this year after a surge of public acceptance.
The scheme, which gives new car buyers the chance to trade in their motor of at least 10 years of age, hands out £2000 towards a new model.
The thinking behind this lies in the environment, with newer cars ultimately being cleaner and more efficient.
With the change in investment comes new guidelines; the age required for trading in will be extended by six months to include cars registered before 29th February 2000 or of ‘V’ registration.
Furthermore, the age of vehicles classed as ‘vans’ will be shortened to 8 years from 10 as the requirement for trade-in.
When first announced, the proposal was met with cynicism with shouts of under-investment compared to other European countries, as well as a lack of enthusiasm shown by our public.
However, extensive marketing by car companies such as Ford, Fiat, Vauxhall and Kia has sparked a national rush to benefit from the extra finance.
These companies are often offering up to £5000 off, with extra discount from themselves, in a bid to boost a failing automotive industry during these tough economic times.
Motor Journalist 