The car scrappage deal will not be around for ever. I would not hesitate if you have a steady job and feel you have mitigated most of your risk and you qualify go for it. Otherwise I can imagine you will regret not going for it when it is all over.
"In order to qualify for the governments’ £2,000 car scrappage saving discount you and the car dealership need to meet the following requirements:
- The owner of the new car or van must be the same person who owned the scrapped car.
- Your car must be over ten years old. Any vehicle offered must have been registered before 31st August 1999.
- First registration date of new car must be Britain 18th May 2009 and there must be no previous owners of any description and should meet British specification only. This excludes bargain priced cars unused and already pre-registered and unused foreign specification vehicles.
- Trade-in a ten year old vehicle for a brand new car or van under 3,500 kg.
- You will need a current MOT certificate.
- Any car offered must have a valid DVLA registration documents in the name of the owner.
- The owner must have owned the car for at least 12 months prior to trading-in the vehicle.
- Car dealerships are required to contribute £1,000 towards the £2,000 discount being offered by the Treasury Department.
- Participating car dealerships need to sign up to the Government incentive to be able to operate the scheme.
- Initially it was thought that the vehicle should also be legally taxed and insured. After further clarification by the Telegraph Motoring, the SMMT have decided that neither a tax disc nor car insurance will be required.
- All cars offered for scrap must be a car or van weighing up to 3,500 kgs.
- The new car or van can originate from any motor manufacturer anywhere in the world.
- The brand new vehicle should be fuel efficient and low-polluting."
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