24th February 2010
Would-be car buyers are being urged to take advantage of the
Government's car scrappage scheme as the initiative comes to a
close.
The final phase of the Government's scrappage scheme will begin
tomorrow said Business Secretary Peter Mandelson.
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."
The UK scheme, with up to £400m from Government and matched
funding from manufacturers, is intended to provide a short term
boost to industry and drive consumer demand during the downturn. It
has also removed older vehicles from the road and encouraged
consumers to invest in new, safer, and potentially more
environmentally friendly models.
Scrappage exit phase - What you need to
know
1. When will the exit phase end?
The exit phase 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.
2. How will the quota system work?
Each participating manufacturer will be given an allocation of
remaining potential orders based on consumer demand. This will give
manufacturers and consumers certainty as to how many potential
scrappage orders are available to them. For information on quota
availability at the manufacturer of your car of choice you can
contact your local dealer.
3. What brands are included?
37 manufacturers have signed up to take part in the final phase
of the Government 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.
The scheme applies to commercial vans (up to 3.5 tonnes) as well
as cars.
4. Will I be able to get the car I want?
In this final stage of the scheme there are strict order limits
on manufacturers. To avoid disappointment consumers are urged to
place their orders quickly, particularly if they have a specific
car in mind. However there will be a small further allocation
towards the end of the scheme for those manufacturers that have
proved particularly popular with consumers. It is likely that your
dealer will be keeping a waiting list for these.
5. What if I miss out?
This Government scrappage scheme will not be extended. However a
number of manufacturers have already announced they plan to offer
good deals to customers which will continue beyond the scrappage
scheme.
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