Trade In Your Old Banger
by Ritchie Mehta (23 October 2009)
That’s certainly what the government are advocating with their latest bid to get people to drive more green cars. The car-scrapage scheme was launched in Britain a number of months ago after the success of such schemes in Europe and across the Atlantic. Analysts have suggested that the scheme has two broad aims. The first of which is to turn Britain into a greener environment by incentivising people to trade in their old cars for new smaller, more efficient vehicles. And ofcourse the second reason comes down to economics.
Over the last few months, the automotive industry has certainly taken a tumble and with it perhaps a sense of British pride as some of our historic brands are now owned by overseas conglomerates. The scheme was a way to generate demand for new vehicles that were waiting anxiously at the podium for an owner.
And the scheme has just gotten better as the government has recently announced that vans over the age of eight can now be traded in as part of the scheme, rather than ten years old as previously stated. While car owners can trade cars that have been registered before 29/02/’00 rather than 31/08/’99 as previously stated. This means that more people (or cars rather) can take advantage of the scheme.
Just when you thought it couldn’t get any better, the government have come along and added another £100 million to the existing £300 million due the fact that the money was running out. However, like most good offers this too comes with an expiry date of February 2010. But be warned if the money runs out before then, the offer is officially over. The advice is if your thinking about it, don’t delay Go Green.