Real help for consumers and local businesses: Government cash for your old banger

From today, the UK Government will provide a £1,000 incentive, to be matched with another £1000 discount by vehicle manufacturers, for consumers to replace their 10 year old+ car or light van with a brand new vehicle. 

Launching the Government’s new scrappage scheme in Glasgow North, Ann McKechin MP said:

"From this week local motorists here in Glasgow North can drive off with a £2,000 discount on a new car, under the Government’s scheme to scrap their old banger for a new model.

"Motorists will be spoilt for choice with 38 manufacturers taking part in the scheme covering all the major brands. It offers a real opportunity and bargain for car drivers who are looking to trade in their old banger for a new model. But it’s a one-off offer so my advice to people is to get in quick if you want to take advantage of the scheme."

It's important that in difficult economic times, the Government ensures that people can afford to buy in the economy and to support a return to growth. I believe that the scrappage scheme will be of indirect benefit to the envirionment too - taking thousands of old, heavy-polluting vehicles off the road. 

• Direct Gov - Vehicle discount scheme

About the Scheme and eligibility criteria for Consumers

• Eligible old vehicle to have been registered in the UK before 31 August 1999 (“T” plate or older). The car must have a current MoT (or expired within 14 before the new car is placed) and taxed and insured and be free of finance.
• Claimant must have been the registered keeper in the UK for at least the last 12 months to prevent fraud, and ensure genuine ownership.
• The scheme allows for the purchase of brand new UK-specification vehicles only. Previously registered or “grey”/parallel imports are excluded.
• All brand new cars or light commercial vehicles up to 3.5 tonnes (N1 & M1 vehicles) are allowed.
• There is nothing to prevent consumers getting an even better deal than the discount of £2,000 - in a competitive market this is likely to happen.
• No new models of car or van are excluded from the scheme as long as they are below 3.5 tonnes, and supplied by a participating manufacturer.
• The scheme applies equally to private owners and business owners.
• Motor dealers cannot trade with themselves.  Insurance write-offs are not eligible. (vehicles that are economic write-offs that have been repaired and have a Vehicle Inspection Certificate are eligible).