The final phase of the Government’s scrappage scheme begins today (Wednesday 24th February).
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.
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.