Car Scrappage Scheme Ending
Published: 24 February 2010 By MoneyHighStreet Staff Leave a Comment
Those intending to buy a car and who want to take advantage of the car scrappage scheme are today warned to act sooner rather than later as the scheme is nearing its end.
The car scrappage scheme has now entered the exit phase, meaning the scheme will end when the budget for the Government’s scrappage scheme runs out or at midnight on Wednesday, 31st March 2010, whichever is the sooner.
Car manufacturers* have now been allocated shares of about 50,000 potential further orders based on brand popularity by the Department for Business, to help ensure a smooth closing of the scheme.
Lord Mandelson, Business Secretary said: “This is last orders for the scrappage scheme. Car owners need to move quickly to avoid disappointment if they want to buy a new car at a discount.
Industry figures have showed again and again the benefits that the scrappage scheme is continuing to deliver to the automotive sector and beyond. It is great news that in January scrappage helped the industry to achieve its biggest output gain since May 1976.”
Whilst the scheme won’t be extended by the Government, a number of manufacturers have already announced they plan to continue to offer good deals to customers once it has ended.
If you do buy a new car, of course don’t forget the legal requirement of car insurance. There are plenty of websites available to get an online car insurance quote including comparison sites such as Confused.com or Gocompare.com. From these you can quickly and easily get a range of car insurance quotes and see what’s best for you at what price.
* The following manufacturers have signed up to take part in the final phase of the car scrappage scheme:
Allied Vehicles, Bentley, BMW, Chevrolet, Chrysler, Citroen, Daihatsu, FIAT, Ford, Honda, Hyundai, Isuzu, Iveco Ltd, Jaguar, Kia, Land Rover, London Taxis International, Mazda, Mercedes Benz, MG Motor, Mitsubishi, Nissan, Perodua, Peugeot, Porsche, Proton, Renault, Renault Trucks UK Ltd, SAAB, SECMA UK, SsangYong, Subaru, Suzuki, Toyota, Vauxhall, Volkswagen & Volvo.