The UK’s vehicle scrappage scheme explained
How would you like to pick up £8,000 for scrapping your old diesel car or van? Then this article helps explain the UK’s vehicle scrappage scheme.
With diesel drivers facing growing threats from congestion charges and higher taxes because their cars cause more pollution means they’ve been handed a lucrative solution.
That’s because car manufacturers are offering thousands for your old, dirty diesel in exchange for ordering a brand new one. Don’t forget that if your vehicle doesn’t meet the criteria you can still enjoy a decent cash offer from a scrapping firm.
Among the brands offering a scrappage deal are Volkswagen, Audi, Mercedes and Mini, as well as Ford, who are offering hefty discounts of up to £8,000 for diesel cars older than seven years.
The money comes even if they are made by another carmaker and are only good enough for scrapping anyway.
Scrappage schemes will cover diesel vans
It also needs to be appreciated that the scrappage scheme will, in most cases, also cover diesel vans.
And some manufacturers have included old petrol models in their scrappage scheme including Ford, Hyundai, Toyota and Renault.
When the scrappage schemes were launched, and many were unveiled in September 2017, most industry watchers believed that the scrappage scheme will be used by car owners as an incentive for the deposit needed for the finance deal to buy a new car.
However, carmakers say their vehicle scrappage schemes are helping the UK take the most polluting ones from our roads and they are doing more than local authorities and the government who have yet to arrange a comprehensive scrappage scheme for vehicles.
That’s despite the government telling local authorities recently that they are able to set up a diesel scrappage scheme but no one yet knows whether any council has set about doing this.
Car maker scrappage schemes are offering excellent deals
While the car maker scrappage schemes are offering excellent deals, they will not suit all vehicle owners. There aren’t many strings attached to the scrappage schemes though most manufacturers will stipulate that you must have owned the vehicle for at least 90 days but some insist on one-year ownership.
As an example, Audi’s scrappage scheme of vehicles registered before January 1, 2010 could enjoy a discount of between £2,000 to £8,000 and most new Audis are available as part of the scheme. This deal ends on March 31, 2018 – but you’ll need to order by December 31 this year.
Alternatively, BMW is offering diesel owners the chance to access a £2,000 discount plus the vehicle’s trade-in value though this deal ends on December 31, 2017.
As you can see, there are some impressive discounts to be enjoyed but you’ll need to act quickly to beat the December 31 deadline that many manufacturers have imposed. Alternatively, you can contact the scrapping experts at The Scrappers. Good look!