Who has responded, and how, to the government’s new car scrappage incentive?
At the time of writing, BMW, Ford, Hyundai, Kia, Mercedes-Benz, Nissan, Skoda, smart, Toyota, Volkswagen, Volvo, and black cab maker LTI (!) have all said they will participate in the government’s scrappage incentive scheme.
This will see buyers receive a £2,000 discount on a when they trade in a qualifying 10-year-old . Full details are yet to be confirmed, but £1,000 will come from the government, with a further £1,000 from the car manufacturer.
Further good deals
However, some car companies are taking things even further.
Renault, which says it will participate the government scheme, is suggesting that £2,000 will be the minimum discount on some of its cars. It is yet to reveal which models will offer broader savings.
Until 30 June Nissan is extending the £2,000 scrappage discount to trade-in vehicles that are eight years old and older – so long as the Nissan you are buying is made in Britain. That’s not so bad, though, since Nissan builds the Micra, Note, Qashqai and Qashqai+2 here. You’ll be able to buy a Micra for just £5,995.
Ford is going to offer the scrappage incentive across its entire range, but also extend it further for its larger vehicles. The extra discount starts at £1,250 off the Fusion, rising to £3,000 off the Galaxy. A Mondeo will see a £2,500 bonus, for a total £4,500 discount. Ford is calling the incentive ‘Scrappage Plus’.
Finally, Citroen is already offering a £2,000 scrappage discount on trade-in vehicles registered before 2000. The government scheme – and related incentives from other manufacturers – won’t come into effect until next month.
When it does, though, you will be able to buy a Kia Picanto for just £4,195. Incredible value for a brand new car.
Carmakers yet to announce their participation in the government scrappage scheme may be waiting for full official details before committing themselves. The scheme is voluntary, however, so it is possible that not every manufacturer will take part.
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