Youll Have To Hurry In Order To Take Advantage Of Getting Rid Of Your Used Car Under The Government Scrappage Scheme
The hugely successful government scrappage scheme is due to finish next month. This scheme allowed owners of used cars older than ten years to get £2000 off the price of any new car they bought. For people who wanted to buy a brand new car but could not get anyone to buy their old car this scheme was perfect.
The scheme has so far provided for 330,000 to buy brand new cars since May 2009 when it was first introduced. Although the scheme was due to finish at the end of February 2010 it has been extended for another month. There is still enough money left to pay for another 70,000 cars to be scrapped. Half of the funding was provided by the dealers and the other half by the government. The public have really warmed to the scheme and it has given the motor industry a boost as many of these brand new cars might not have been purchased without the scheme.
But for those who would still like to avail of the scheme, time is running out. It doesn’t seem likely that there will be any further extensions of this offer. If the car you are driving around in is older than ten years and you are thinking of buying a new car then you’d better get a move on. Availing of £2000 off the price of a new car is something that most of us could appreciate.
Nobody can really imagine what effect the end of the scrappage scheme is going to have on the car industry. Car manufacturers are concerned that it will inevitably mean a fall in the amount of new cars that are purchased. The recession may be over but many in the car industry are still struggling. It is hoped that this scheme is something that can be repeated in the future especially as it has already helped to remove 330,000 old cars from our roads.
When you think it’s time to look out for used cars, you may end up much better off by thoroughly researching the cars that interest you. Researching allows you to find the very best used cars for the category you are looking for. When your research is done, you could very well end up with a great used ferrari or even a used ford.
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