UK Scrappage Scheme Commences
by Orlandy - May 19th, 2009.Filed under: environment.
The UK’s scrappage scheme is well under way now. If you have owned a vehicle for more than one year and it is at least 10 years old (broadly speaking, there are some exceptions), you get £2k knocked off a brand new car.
The UK government is hoping that this scrappage scheme will be as successful as Germany’s, where new car sales increased by 40% after the scheme was introduced. Business Secretary Lord Mandelson has said the £300m scheme will “provide a boost to the industry and kick-start sales”. He added that since the announcement of the scheme in the Budget there had been “a flood of enquiries from customers”.
The safety features of a new car over an old one are immense. President of the AA Edmund King said the scheme would “transform the chances of survival in a crash for thousands of car owners” because of the vast improvements in passenger protection of new cars.
The British Chambers of Commerce (BCC) also welcomed the initiative. “A scrappage scheme is exactly the sort of policy we need during a recession. It will boost demand and help the environment at the same time,” said the BCC’s director general David Frost.
May 19th, 2009 at 3:47 pm
Good post, i’m not sure how well this scheme will work in reality, as i have heard of issue around the tax office already. Lets hope it gets the automotive industry going again though.
May 19th, 2009 at 3:49 pm
Interesting Post Orlandy, I guess the scheme will be successful when people start trusting it – there needs to be a show of hands around it?
May 19th, 2009 at 3:50 pm
Too good to be true – read tht truth about car scrappage sheme
July 29th, 2009 at 11:43 am
I definitely admit that the safety features of a new car over an old one are immense… The Scrappage scheme will work out for sure… Thanks for the post… It was really informative…
August 7th, 2009 at 4:31 pm
Its a fantastic way to help grow the industry and the economy in the UK. It should also get older cars off the road which might positively effect the planet from all those unwanted fumes.