Drivers who use the new scrappage scheme to buy a small car could get up to 32% off the asking price, Which? research shows.
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The dinky Kia Picanto, for example, will cost drivers just £4,195 when they trade in a car that’s more than 10 years old.
Which? found that those looking for a new or city car are most likely to benefit from the scrappage scheme, because all cars with a list price of less than £10,000 attract discounts of at least 20%.
Second-hand can be cheaper
However, because the ‘official’ is a fixed £2,000, car buyers who want something bigger may be better off buying used – unless there’s a significant ‘top-up’ discount from the manufacturer.
Which? motoring editor Richard Headland said: ‘Don’t assume just because you’re getting £2k off a new car, you’re getting a good deal. On cars less than £10k, you probably are. On more expensive cars, shop around for a bigger scrappage discount or check if buying second-hand is cheaper. If so, it may pay to sell your old banger instead of scrapping it.’
Which? has found five great-value scrappage deals for less than £5,000:
The cheapest deal in the UK right now remains Kia’s official offer on the entry-level Picanto, which can be yours for just £4,195 (32% off).
The cheap-as-chips is normally priced at £6,795 (1.0 Alto SZ2). Under the scrappage scheme, you can buy it for £4,795 (29% off).
VW’s city car is basic but with £2,000 off the cheapest Fox 1.2 3dr model, it could be on your drive for just £4,845 (29% off).
Fiat is offering an additional £100 saving on top of the usual £2,000 scrappage incentive, taking the list price of the Fiat Panda 1.1 Active ECO down from £7,095 to £4,995 (30% off).
Hyundai is offering a similar £2,100 deal on the i10 1.2 Classic city car, taking its price down to £4,995 (30% off).
For expert advice on scrapping your car, including tips on securing a great deal on some new wheels, read the Which? guide to the . You can also discover how to get the best price for your existing motor in this guide to selling a car.
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