Why buy now? Scrappage extended
We reveal how it can still save you thousands of pounds.
It's official: government funding for the popular 'cash for bangers' program has been increased by £100m - that's potentially enough to prolong the scheme by a further ten weeks.
And even more cars are eligible for the scheme after the minimum age was reduced to nine and a half years. Car makers are also fighting the VAT increase to give buyers better deals.
If the average rate of 10,255 sales per week continues, the scheme will run until early 2010 rather than mid-November as previously suggested.
This gives buyers more time to take advantage of the £2,000 bonus offered by the scheme in exchange for a nine and a half-year-old car.
What do you think of the extension? Have your say on the Auto Trader Blog
And some car makers are offering extra discounts, such as £4,300 on a new Peugeot 207 Verve and £4,000 off a Suzuki Grand Vitara, with 0 per cent APR.
To find out how real drivers got extra discounts when scrapping their car, read our exclusive case studies:
• Buyer saves £2,000 by scrapping his car
• "I scrapped A4 for Auris"
• Seeing red
• "How I got £13,000 for two cars"
View images of cars scrapped so far:
What are the requirements for the scheme?
Your current car must be:
• Registered on or before February 29, 2000
• Up to 3.5 tonnes
• Road legal with an MOT certificate, tax disc and insurance
• Registered with the DVLA by an owner with a full UK address
• Owned by the current driver for at least 12 months
Vans must be registered on or before February 28, 2002.
The scheme will end on February 28, 2010 or when 400,000 cars have been bought under the scheme - whichever is first. The current amount of cars sold stands at 246,855.
For more information about how the scrappage scheme works, read Auto Trader's complete scrappage guide.
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