The scrappage scheme probably won't have that big an effect on us to be honest. To qualify, you have to have owned the car for 12 months and it has to have a current MoT, so you won't get people who are going to but a new car buying a scrapper for £50 and taking it off to the garage etc. Also, there is only a finite amount of money in the pot and a definite timescale (about a year I think) that it will operate for, the scheme will end when one of the two runs out. Also, it isn't compulsory for manufacturers to join, and in Germany, it's only the low-end companies that are taking part.
I can't see that many private individuals wanting to spend any money on a new car at the moment, it's just madness to buy something which as soon as you have paid for it is only worth 75% of what you just paid!!
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17th April 2009, 08:52 AM
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