UK Scrappage Scheme
UK scrappage scheme
Have you signed up to the government’s latest scheme? Why not scrap that old banger for a new vehicle. The governments enticing offer of scrapping your old vehicle and replacing it with a brand new car/vehicle is an opportunity that should not be missed.
Car-Insurance-Choices would highly recommend that you seriously think about replacing your old vehicle, and take full advantage of this offer from the government.
£300 million pounds the government injected into this new scheme, and this is ongoing until the money runs out, by following the details below will give you an insight about how to sign-up to this not to be missed scheme.
At present there have been around 35,000 owners who have taken up this offer of replacing their old vehicle for a brand new one.
Almost every country within the European Union has embraced this new scrappage scheme.
There are in excess of 10 million vehicles driving on our roads today that are over 10 years old, and may be eligible for exchanging old for new. If you own a vehicle that is over 10 years old, why don’t you take this opportunity to own a new vehicle?
By taking advantage of this Government scheme the reduction of C02 emissions would be reduced by almost 30%. This incentive would also help a cleaner, safer environment for us to live in.
Did you know that the vehicles on our roads are almost twice as safe as those old 10 year fuel guzzlers driving and polluting our roads?
How do I get involved with the scheme?
As from 18th May 2009 and running to the 28th February 2010, you can qualify for the scrappage scheme and be able to get discount, or as so the Government funding runs out. If you are seriously considering taking advantage of this scheme then, Best Breakdown recommend that you act as quickly as possible and claim before the government coffers run out.
Which manufacturers are signed up are as follows (According to BERR)
Allied Vehicles, Bentley, BMW, Chevrolet, Citroen, Daihatsu, FIAT, Ford, Honda, Hyundai, Isuzu, Jaguar, Kia, Land Rover, London Taxis International, Mazda, Mercedes Benz, MG Motor, Mitsubishi, Nissan, Perodua, Peugeot, Porsche, Proton, Renault, Rolls Royce, SAAB, SECMA UK, Subaru, Suzuki, Toyota, Vauxhall, Volkswagen, Volvo, Koelliker UK Ltd, Iveco Ltd, Chrysler, Renault Trucks UK
Ltd.
Those dealers that are part of this new incentive will give you a discount of £2,000 off a qualifying vehicle if you decide to let them scrap a qualifying used car.
What limits for owning the vehicle?
Believe, it or not, there is no time limit on how long you must have owned the new vehicle that you acquired under the new scheme.
You must have the same name on your vehicle registration document, V5C for the old and new vehicle.
The manufacturers will inform the government on a regular weekly basis of the many orders that are projected to be involved in the scrappage scheme.
Vehicle Qualification
There are some requirements that is needed to qualify for the trade-in which are listed below:
The vehicle must be a passenger car of light commercial vehicle that must not exceed 3,500kg in weight.
The vehicle must have been first registered in the uk on or before 31 August 1999 (T reg or earlier vehicle)
It must be registered with the DVLA in your name.
it must have been registered to you continuously for 12 months before the order date of the new vehicle
it must have a UK address on the V5C registration document
The vehicle must not have been an insurance write-off
it must not be subject to any finance arrangement
The vehicle must be roadworthy and currently hold a current MOT certificate or an MOT certificate that expired no earlier than 14 days before the order date of the new vehicle
Your new vehicle
Your new vehicle that you want to buy must be:
It should be a passenger car or light commercial vehicle that does not exceed 3,500 kg in weight
Must be first registered in the UK on or after 18TH May 2009
Must be declared new at first registration in the UK with no former owners (keepers)