scrappage scheme

[Joe]

Rob,

just wondering th prices are fixed so a mito is 9k you can haggle

but if you bought from new, before this scheme cant you haggle the price anyway??

 

[JOE]

so good offer!
but onyl; for 3 months lol

http://www.theherald.co.uk/news/transport/display.var.2508179.0.2000_carscrappage_incentive_will_be_wiped_out_in_88_days.php

 

[Roberto]

Vehicle depreciation is a long known issue and doesn't prevent many people buying new cars, scrappage scheme or not. People like you NEED people to buy new cars so that you can buy them at better prices a year or so later, so even if you personally don't think the scrappage scheme is for you, the benefits of it will filter down to you with an increase in affordable nearly new cars for you to buy.

Don't also forget that a brand new car comes with a nice long warranty, saving you money. They don't require MOT's for 3 years, again saving you money and many of them will be of the type that only requires the low road fund licence of £35 per year.

The whole point of this scheme is to help keep car manufacturers in business, without whom you won't have any cars to buy, new or otherwise.

Your argument is flawed and no amount of posting newspaper quotes and stories to back it up will alter that in any way.

Rob
Mk.2 Marea Weekend 1.8 16v 115 ELX - Bigger IS better !

 

[axle]

I wonder what the insurers would pay if i wrote off my ten year old £2,000 banger whilst i was driving it to the garage to exchange for my new car?

 

[Joe]

its not flawed

there a reson why half the majority arent 'up' forthis scheme on the basis this doesnt work

the only people can see this working for are people who want a low end motor (panda standard or a kia etc)

apart from that, its the ones have a old banger lying around and already have a few cars, thye can easily can in the old car or a new!

many peopel are driving old cars for the simple reason and obvious one...they cant afford a new one!

 

[Roberto]

You've pretty much proved my point in that post entirely.

Half the majority?? Half of what majority??

The scheme doesn't work? The scheme starts on the 18th May 2009, so how can you say it doesn't work when it hasn't even started yet!

The scheme is being offered on a wide range of cars. For example FIAT are offering a total scrappage discount of £3260 off a new Bravo. It seems many other manufacturers are following suit, with bigger discounts for larger cars.

And yes, so many people have old bangers just lying around their front gardens, all over 10 years old, all with valid MOT's and all owned by them for over a year. Dear oh dear.

I am one of those people driving an old car simply because I can't afford a new one, but trust me, if someone comes along with a way of having something more reliable and cheaper to run, I'm first in the queue to find out more. I suggest you do the same before trying to argue a point and failing so miserably.

Rob
Mk.2 Marea Weekend 1.8 16v 115 ELX - Bigger IS better !

 

[Anonymous]

You've got rocks on your head mate that's all I can say. If the scheme was to include 1 year old cars as mentioned above and has been the case in Germany then it would represent better value, not necessarily good, but better. You still haven't provided the financial benefits trading in your trusted and relaibe low running cost 10 year old car for a brand spanking new model brings a potential purchaser other than a huge hole in their bank balance. Yeah a new car will look good and impress the neigbours but you will take one hell of a hit on depreciation especially if you buy an Italian car. Why not stick with what you've already got? It will save you a mint. In the Great Depression of 1930s in America the car industry couldn't even give cars away as no one had any money to run them! Owners just abandoned cars by the road side as they couldn't afford to run them. They couldn't sell them as they had become worthless.

Buying a brand new car is one the worst financial decisons you can make if you are of modest means. OK if you have a million in the bank. Otherwise forget it. Anyway buying a new car you have all the hassle of sorting ou tthe faults. If you buy decent second hand cars the chances are if they have lasted that long wihtout problems then they will last a good few years more. Let the mug who buys new take the depreciation hit.

 

[Roberto]

"You've got rocks on your head mate that's all I can say"

Yeah, so you KEEP saying!

"You still haven't provided the financial benefits trading in your trusted and relaibe low running cost 10 year old car for a brand spanking new model brings a potential purchaser other than a huge hole in their bank balance"

If you care to actually read some of my posts, you will see that I have. But, seeing as you've missed them, allow me to repeat them. Firstly, no MOT for the first 3 years. Small saving, but a saving nonetheless. Secondly, a full manufacturers warranty which will cover any problems with the vehicle should they occur, other than wear or tear. For some manufacturers, especially the Korean ones, this can be as much as 7 years and/or 100,000 miles. Another potential saving over a 10 year old car. Don't forget that a new car will be much more fuel efficient and there's also that potential saving on the road fund licence.

"Buying a brand new car is one the worst financial decisons you can make if you are of modest means"

Ok, so where do used cars come from then? Do they miraculously pop out of the factory one year old? I have bought new in the past and I am of incredibly modest means, trust me. No million in the bank here, in fact you'd be hard pushed to find an amount with more than two zero's in my bank account at any given time. Strike the right deal and it can be quite alright.

"buying a new car you have all the hassle of sorting out the faults"

That's what the warranty is for.

"Let the mug who buys new take the depreciation hit"

Buying new, just like the scrappage scheme, is not for everyone, and anyone buying new is fully aware of the depreciation. If they're not, they are indeed a mug. However, if you plan to keep a car for some while, there can be very few drawbacks and many upsides.

You clearly don't think it's a good idea, and if you don't want to do it, that's your prerogative. You've clearly made your point, albeit containing more holes than a swiss cheese. Buying second hand can be just as perilous, and new car sales are absolutely essential to the trade. Any shot in the arm should be welcomed.

Rob
Mk.2 Marea Weekend 1.8 16v 115 ELX - Bigger IS better !

 

[stephend]

Right,

how i wish this was in place when i bought my bravo! the reason i kept the rat was that i would have got less than 500 quid for it if i put in for part-ex, well now its worth 2000!! and thats a FACT.

and whats this you have to have millions in the bank to buy a new car?? er no

two years ago i purchased a 2nd hand C5 total cost/s for my year of motoring 2nd hand.

1, purchase price £2000
2, full service £ 275
3, starter motor £ 70
4, new breaks £200
5, cam belt £200
6, new tyres £275
7, new accelerator cable £90
8, then gearbox tried to eat its self and approx cost was going to be 1k to fix.

Total cost for 8 months £3110 and if i had had g/box sorted over 4k plus it needed new lower suspension arms, arb and a new aircon fan @ 300 quid. im sure there is more this is just of the top of my head!

total cost/s for my year of motoring new.

1, payments x 12 £2532
2, 1st service £150

total cost for 1st year £2682

plus no mots also 1st year free aa so yet another saving

so as you can see i HAVE saved money and i have a newer, safer car. tax is the same, insurance is cheaper, MPG is a little less than the diesel c5, saying that i can get a good 45 out of the bravo on a run

anyway my new car has cost me 570 quid less in a year than my 2nd hand c5 did in 8 months it would have been closer to 2k if i had had it all fixed.

this is just quickly and it has worked out cheaper for me having a new car,

stephend

Rat is back on the road ... New bits coming soon!

 

[marko]

http://www.autoexpress.co.uk/carreviews/grouptests/235444/britains_best_new_car_deals_revealed.html?CMP=NLC-Newsletters

Check out discounts at Alfa Romeo

 

[M G]

Well acording to Anon I'm a millionaire which is nice, lol.

The general rule of thumb for depreciation is 50% in 3 years (depending on condition and mileage). Most italian cars will depreciate as much as a german car, infact, some of the Merc jeeps lose astonashing amounts of value after just 12 months.

Like Roberto says, the reason I choose to buy new is warranty, m.o.t, reliability and to look like a smug prick lol

I'm going to get political and vere off topic here. . .

It's just occured to me why all the media is slating this scheme and brain washing joe public into thinking the same.
POLITICAL WAR GAMES.
It's a scheme brought in by the Government correct?? A Labour Government right?? What's in fashion at the moment?? Bringing down the Labour party!!

Is anyone else getting pissed off by the media and there up the Tory's down the Labour party?? Look at the MP's expense 'scandal', a Labour MP's husband gets two blueies costing what?? a tenner?? All hell breaks loose, all over the press and the news right?? Yet the super rich Tory MP's who have moats cleaned, chandaleers fitted, tens of thousands spent on maids, tennis courts fixed, swimming pools repaired all under the same MP's expenses and what happens?? Jordan and peter andre get the front cover. It's a ****ing joke.

Another example of this is Gordon Brown. He campains for MP's expenses to be cut and they say no (of course it's like shooting themselves in the foot ffs) and HE'S lost?? Then the snotty nosed little Eaton boy Cameron comes along who has been trying to lose the tory parties image of wealth (there expenses have shot that out of the water lol) tells the press he will make them pay it back and he's hailed a hero?!!

How annoying.
Sorry for going political and OT, rant over good weekend all.

 

[Anonymous]

all true MG. Question is, How long has this been going on?

 

[Matt]

I could never get tired of punching Cameron's smarmy face.

 

[Joe Blow]

taken from a forum

I am thinking of buying my wife a new car. The car we are interested in is a Peugeot 207 1.4 Verve with 5 doors and metalic paint.

Perrys will sell me this car for £9800, if I pay cash. I asked them how much I would have to pay if I part exchanged my wifes old car and used the new Government Scrappage scheme. To my suprise, I was quoted £10800. I was advised that in most cases the Scrappage scheme would be more expensive.

How can this be? £1000 more expensive if I part-ex an old car and use the Scappage scheme? It seems that the motor industry will use this scheme to increase profits rather than to sell more cars at the existing profit margins!!!!

The example I have given will give a £2000 larger profit margin!!!!!

Is this how the government expected it to work???

Reply

lol who fell for the scheme...only Rob!

 

[Anonymous]

Yep that about sums the situation up. One is subsidising the car industry and the dealers so they can line their pockets. C4 news have suggested cars will become even cheaper in the next 12 months.

Dealers/manufacturers contribute £1k
Government contributes £1k
Government recoups VAT @ 15%
Government recoups any VED payable on new car.
Government recoups further tax from you via duty on fuel. So really government is giving you VAT cut of about 8% if you lay out approx £10k for a new car. More the cheaper the car you buy. But you still have to have the capital sum in the first place to buy it unless you can get credit and then the repayements will be even more onerous. Wasn't it freely available credit that caused the problem in the first place?

 

[M G]

Last time I checked, this scheme is aimed at the type of person who doesn't have £10k cash lying about so the example doesn't stack up. No doubt purely fictional too. If the cash price is £10k how can it be more with a discount?? If you could get hold of the written quotation inc discounts I would appreciate it, would make for an interesting read.

Let's use me as an example.

I own a brand new alfa romeo GT, retail price is circa £22k. I paid less than £20k for it so you might say this scrappage scheme is a waste of time as I haggled for a lower price. However, am I the type of person this scrappage scheme is aimed at?? Hardly I'm a millionaire according to some remember lol.
Now, let's look at the figures. Retail is £22k I paid £19.5k so a £2.5k discount, nice. As a percentage discount this works out to just over 11%. Now, this scheme is aimed at people who are looking to spend £5k - £10k so at the lower end of the spectrum a £2.5k dicount would be over 50%!! at the higher end a discount of 25%. So, using the same 11% that I managed a car that retails for £5k would be sold at £4,400 and £10k at £8,900. Do you follow??

The scrappage scheme is worth £2k, think of that as a percentage discount on this cost of car. Quite good isn't it.

 

[Roberto]

"Joe Blow", did you not learn your lesson about posting crap from the internet without actually spending time doing your own research??

Posting stuff which is just hearsay and conjecture clearly proves that you can't shape or form a logical and factual argument.

And by the way, I haven't "fallen" for anything. Unlike you, I'm actually doing some real research, looking at actual figures, weighing up facts and I will eventually base my decision on that, not what I or other people merely think about it.

And so this thread has reached it's conclusion. The offer is upon is and we can all choose whether to use it or not.

I'm locking this now. There's clearly nothing more constructive to be said and it will simply descend into a mud slinging match. Any problems with this, contact myself or one of the moderators via email.

Rob
Mk.2 Marea Weekend 1.8 16v 115 ELX - Bigger IS better !