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Scrappage Scheme : The Facts

In his Budget statement to the House of Commons on 22 April 2009, Chancellor of the Exchequer Alistair Darling confirmed that a scrappage incentive scheme will be introduced.
A total of £2,000 will be offered in a “cash-for-scrap” scheme for 10-year-old, or older, cars.
The £2,000 saving will be made up of £1,000 from the government and £1,000 from the relevant car manufacturer.
Participation in the scrappage scheme by specific car manufacturers is voluntary.
The funding will be made up of £300million from the government – a figure that will be matched by manufacturers participating in the scheme.
The scheme is expected to be introduced in mid-May.
The scheme will run until the start of March 2010, or until all of the government funding has been used.
The discount will be offered to consumers buying a new vehicle to replace a vehicle which they have owned for more than twelve months.
The registered keeper must have a UK address.
Eligible vehicles must have been first registered in the UK on or before 31 July 1999 and have a current MOT test certificate.
Scrappage savings apply to commercial vans (up to 3.5 tonnes) as well as cars.
The scheme will be audited by the DVLA.
Scrappage trade-ins can only be made against new cars

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The Phoenix Car Company Ltd.
Registered Office: Phoenix Retail Park, Linwood Road, Paisley. PA1 2BH
Registered in Scotland. Registered Number: 173815. VAT Number: 680564421

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