More than half of the government money set aside for the car scrappage scheme has already been used up, new figures show.
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Nearly 155,000 new cars have been ordered through the scrappage scheme since mid-April, the Department for Business, Innovation and Skills said, and new-car registrations are now up for the first time since April 2008.
Government funding for the scrappage scheme is capped at £300m, so consumers looking to take advantage of it will need to act quickly. To see if you’re eligible, read our expert guide to the .
New car orders
Lord Mandelson, Secretary of State for Business said: ‘I’m pleased that we have already achieved over 150,000 new car orders. This is a great deal for manufacturers and dealers, not to mention the customers.
‘The scheme has contributed to the 13.5% jump in car manufacturing and the first growth in new car registrations since April 2008.’
On average, new cars bought under the scheme emit 25% less CO2 than the old models they replace. This puts the average annual road tax bill of scrappage buyers at just £120 a year. But some models proving popular under the scheme, such as the , are completely exempt from road tax charges.
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