| The Vehicle Scrappage
Scheme is a voluntary scheme for motor
dealers under which participating dealers
give buyers a £2,000 discount off the
purchase price of a new car (or certain
types of small van) in exchange for
scrapping their old qualifying vehicle.
The government has announced that the
deadline for the end of the Vehicle
Scrappage Scheme has been extended from
the proposed February 2010 to March 2010.
The extension is to allow manufacturers
and dealers more time to prepare for and
operate the final phase of the scheme.
The scheme, which is jointly run by the
government and car manufacturers, will now
run until the end of March 2010 or until
the funding is exhausted, whichever is the
sooner.
Business Secretary Lord Mandelson said:
"Against the background of the economic
downturn the Scrappage Scheme has proved a
great success, driving UK car sales,
protecting jobs and supporting the supply
chain for car manufacture at a time when
this sector needed it most."
"If you're considering buying a new
car, you should place your order as soon
as possible to avoid disappointment,
because the budget is strictly limited"
Internet links:
Press release
Scrappage website |
