Quote:
Originally Posted by Gaz_Stanton
I meant the details of exactly what cars are included. There's bound to be some strict conditions relating to car age, length of ownership etc, etc to stop people buying old cars just to trade in.
|
pa.press.net
May 15 2009
Scrappage benefit 'lost in 88 days'
The £2,000 incentive under the Government's "cash for bangers" car-scrappage scheme will be wiped out in just 88 days due to depreciation, it has been revealed.
From Monday,
owners of cars 10 years old or more will get £2,000 if they trade in their old model and buy a new one.
But according to price comparison company uSwitch.com, vehicle depreciation is set to be the "thorn in the side" of the scrappage scheme.
The company said on average, the initial £2,000 incentive is wiped out in depreciation in just 88 days of owning the new car.