£2000 for old cars

[Booley]

Anyone know of this government scheme and when it may come in?
I've got a old corsa and I'm looking at getting a new car so would be awesome to get £2000 for it.

 

[Marc]

whats this? not heard of this scheme but those tax robbing bastards can take £2k for my Corolla anyday of the week!

 

[gullshark]

Sounds like a complete hair brained idea.

I think it's to make us all buy new eco friendly cars, when in fact that the manufacturing process actually chucks out more crap than the car will during most of it's lifetime.

 

[Booley]

There was a write up in the Telegraph, they do some thing similar in Germany and France!

 

[beorhthelm]

gov will taken to the cleaner with people buy old bangers on ebay, get car then sell that on

 

[Booley]

But you have to buy a new car! So you may get 2000 quid but that goes to the price of a new one. Idea to get the market moving and get old cars off the road.

 

[beorhthelm]

is it not cash in the hand? i recall that being taled about a while ago. if its just 2k off the price off a car, many dealers will already give you such deals. either way, doesnt help an awfull lot for those that cant get credit for a car purchase. The Government needs to start telling the banks they majority own to lend. (it goes againt my believes, but now the gov own them, they have to get on with it, rather than fany around)

 

[Lord Bracknell]

... doesnt help an awfull lot for those that cant get credit for a car purchase. The Government needs to start telling the banks they majority own to lend.

Isn't that how we got into this mess in the first place? Banks lending money to people who can't afford to pay it back?

 

[Was not Was]

http://www.guardian.co.uk/commentisfree/2009/mar/10/car-scrappage-payments

Just in case anyone thinks this would be a good idea - read this.

 

[beorhthelm]

Isn't that how we got into this mess in the first place? Banks lending money to people who can't afford to pay it back?

indeed. but the entire economy depends on credit now, so going from lend to all comers to no lending is not going to help. its needs to be more measured than that. perfectly good, profitable businesses are closing because the banks are withdrawing credit facilities, people who have good credit ratings cant get a few grand loan. Government has backed all the bad debt liabilities the banks have, but in order to rebulid their balancesheets and profitablity, they've retreated into a corner with no more money going out, making the bailouts pointless. we'd be better off if RBS had gone to the wall, its debt written of and the bail out money spent on either tax cuts or targeted spending.

 

[beorhthelm]

http://www.guardian.co.uk/commentisfree/2009/mar/10/car-scrappage-payments

Just in case anyone thinks this would be a good idea - read this.

one of the comment sums up the problem for the car industry really well - we dont actually need many new cars. i have a 1995 Golf GTI, its super luxury, literally a shopping trolley and a few trips around the country. like a very large proportion or urban cars. streets round here (south london commuter land) are full of <5 year old cars that barely move all week, its nice thing to have a new motor, show off your affluence. but thos cars are going to last 20 years as decent working vehicles, people simply arent going to buy such luxury in this climate, and those that have to by a new car will have to do so any way.

 

[Horses Arse]

Sounds like a complete hair brained idea.

I think it's to make us all buy new eco friendly cars, when in fact that the manufacturing process actually chucks out more crap than the car will during most of it's lifetime.

Cock on! The energy, and hence carbon emissons, from manufacture of a car will never be met by the car during its operative life. No car can complete the mileage required to emit the carbon that it's manufacture requires.

The Government eco focus is driven by lobbying from big business. It's the same with the drive for local renewable energy schemes using wind turbines and ground source heat pumps, PV cells etc to achieve planning - utter waste of time and energy. The carbon footprint of a PV cell is higher than the lifetime energy provided by it.

And relax!