Avail The Scrappage Scheme To Buy A Ford Cheap
Perhaps the most significant and certainly the most talkedabout part of Chancellor Alistair Darling’s latest Budget speech is the announcement that the UK will follow the example of several other European countries by introducing a scrappage scheme to help boost the sales of new cars and vans.
The basic principle is that owners of older vehicles can trade them in at a value which in the vast majority of cases they could not possibly achieve if sold on the secondhand market. That value has been set at 2000 half of it supplied by manufacturers participating in the scheme on a voluntary basis and half by the Government up to a maximum of 300 million.
There is of course a lot more to this than simply taking an old car to a dealership and asking for 2000. The car itself or the small van of up to 3.5 tonnes has to have been registered in the UK on or before 31 July 1999 it must have a current MOT certificate and it has to be either registered or covered by a Statutory Off Road Notification in the name of a UK resident and to have been so for at least 12 continuous months.
That same person is also the one in whose name the new vehicle must be registered. It can have had no former keepers and must also be of UK specification.
The scheme is due to start in midMay this year and run until the beginning of March 2010 or until the Government’s allocation of money runs out if that comes sooner. This means that there is no point buying an old car for a few hundred pounds and expecting to trade it in for two thousand the scheme would run out before the banger had been registered in your name for the required 12 months.
Within two days of the scheme being announced a large amount of criticism had been voiced. Much of it was based on the fact that there is no special incentive to buy vehicles with low CO2 emission figures except in the sense that new cars are generally much better in this respect than tenyear old ones and there is also concern that people who currently own cars registered before July 1999 are unlikely to be able to raise the finance to switch to a brandnew model even with the 2000 incentive.
The manufacturers however are generally in favour and some have even announced that they will extend the scheme of their own accord. For example it has been confirmed that you will be able to buy a Ford or at least a larger one from the Fusion upwards with the help of an extra donation of between 1250 and 3000 while Renault has announced that it intends to do something similar.
Nissan meanwhile has said that it will extend the scheme to eightyear old cars and pay the extra 1000 which the Government will not in those cases. And Citroen has been quick to point out that it has been offering its own 2000 scrappage incentive since well before the Budget.
About the writer: Oliver Cook is a freelance author who has the vast knowledge in Ford”>http://www.carkeys.co.uk/car_guides/ford/default.asp”>Ford please visit http://www.carkeys.co.uk/ to buy a Ford
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