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£2000 towards a new car?

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In the budget the Government stated that from May of this year I think, if you have a car or a van over ten years old, you would be entitled to up to £2000 off a price of a new one.
Now maths was never my strongest subject, but cannot understand how this would work.
Anyone who does have a car or a van over the ten year age, surely has one that old as they cannot afford a newer one? Maybe not everyone...don't want to generalise here, bit shall we say most people?
So on that basis how is that person going to afford the additional...how many more thousands for a newer one?
Also a big majority of those that have very old cars or vans, fall into the group of not having a lot of money. If that is the case, and IF they wanted to trade their old car or van in, who is going to give them the finance, or more importantly.....how are they going to afford the payments?
In this economic climate where money is very hard to come by in the way of a loan, the poorer ones surely will find it much harder to get that finance.
So whilst in principle it sounds a great idea, in theory it seems another Government joke.
Mrs777 has a 1998 car that qualifies for the two grand, but I cannot see her changing it for a 8 or 10 grand car. She simply could not afford to do so, as much as she would like too.
Another crackpot idea which sounds fine, but then it does not really fall into reality for most people, just a mere pipe dream for most. So the idea fails before it even gets off the ground.
If they were really serious about this then the Government should borrow the money to people at reduced rates of interest, over a certain period. Even then I do not think many will take up the offer, for they simply cannot afford to do so.
Quote by kentswingers777
In the budget the Government stated that from May of this year I think, if you have a car or a van over ten years old, you would be entitled to up to £2000 off a price of a new one.
Now maths was never my strongest subject, but cannot understand how this would work.
Anyone who does have a car or a van over the ten year age, surely has one that old as they cannot afford a newer one? Maybe not everyone...don't want to generalise here, bit shall we say most people?
So on that basis how is that person going to afford the additional...how many more thousands for a newer one?
Also a big majority of those that have very old cars or vans, fall into the group of not having a lot of money. If that is the case, and IF they wanted to trade their old car or van in, who is going to give them the finance, or more importantly.....how are they going to afford the payments?
In this economic climate where money is very hard to come by in the way of a loan, the poorer ones surely will find it much harder to get that finance.
So whilst in principle it sounds a great idea, in theory it seems another Government joke.
Mrs777 has a 1998 car that qualifies for the two grand, but I cannot see her changing it for a 8 or 10 grand car. She simply could not afford to do so, as much as she would like too.
Another crackpot idea which sounds fine, but then it does not really fall into reality for most people, just a mere pipe dream for most. So the idea fails before it even gets off the ground.
If they were really serious about this then the Government should borrow the money to people at reduced rates of interest, over a certain period. Even then I do not think many will take up the offer, for they simply cannot afford to do so.

If they can't afford it, or they don't want a newer car, they don't have to. It's just an option for those who want it.
And people don't borrow money to others, they lend it.
Kenty kiss I completely agree with you!
Its a gimmick aimed at getting people to vote for "Gordy" at the next election IMHO.
Sam xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Quote by Freckledbird
In the budget the Government stated that from May of this year I think, if you have a car or a van over ten years old, you would be entitled to up to £2000 off a price of a new one.
Now maths was never my strongest subject, but cannot understand how this would work.
Anyone who does have a car or a van over the ten year age, surely has one that old as they cannot afford a newer one? Maybe not everyone...don't want to generalise here, bit shall we say most people?
So on that basis how is that person going to afford the additional...how many more thousands for a newer one?
Also a big majority of those that have very old cars or vans, fall into the group of not having a lot of money. If that is the case, and IF they wanted to trade their old car or van in, who is going to give them the finance, or more importantly.....how are they going to afford the payments?
In this economic climate where money is very hard to come by in the way of a loan, the poorer ones surely will find it much harder to get that finance.
So whilst in principle it sounds a great idea, in theory it seems another Government joke.
Mrs777 has a 1998 car that qualifies for the two grand, but I cannot see her changing it for a 8 or 10 grand car. She simply could not afford to do so, as much as she would like too.
Another crackpot idea which sounds fine, but then it does not really fall into reality for most people, just a mere pipe dream for most. So the idea fails before it even gets off the ground.
If they were really serious about this then the Government should borrow the money to people at reduced rates of interest, over a certain period. Even then I do not think many will take up the offer, for they simply cannot afford to do so.

If they can't afford it, or they don't want a newer car, they don't have to. It's just an option for those who want it.
And people don't borrow money to others, they lend it.
Once again I stand corrected.
You on holiday again FB? wink
Quote by kentswingers777
Once again I stand corrected.
You on holiday again FB? wink

I'm never on holiday from spotting poor grammar/punctuation/spelling confused
Damn.
I had an old Metro, 1991 model. It was sat on my drive for nearly a year after I crashed it into my house. I eventually got the scrappy to come and pick it up.
But I could have traded that in, got a new car with the 2K, and then sold said 2K car, and pocketed the cash.
:giggle:
Thank you for the non-generalisation!
I have a 1995 VW Golf. It's falling to pieces and I'm about to scrap it. I'm thinking I might put it on ebay and see if anyone wants it for parts.
I don't have a flash new car not because I can't afford it but because I just don't use my car very often so I really don't see the point of replacing it.
The £2,000 incentive sounds good as soon as you hear it but when you actually sit down and consider it, it's not really worth it for very many people, unless you were planning to buy a brand new car anyway. Although feel free to correct me if I'm wrong cause I actually don't really get the point of it or who it's going to benefit - other than perhaps the car dealers and I suppose that's going to have a knock on effect on benefiting the economy with jobs etc.
Those who can afford to buy a brand new car generally won't have a banger sitting in their driveway to trade in for the £2,000 and I do believe we heard an advert on the radio yesterday from some car dealer trying to use the £2,000 cashback as an advertising gimick. That gets on my nerves too. rolleyes
And I've just seen Blue's post... sadly it's not that simple. The car you buy needs to be brand new. If not I'd be doing exactly that and getting a cheap one!
Quote by Dirtygirly
And I've just seen Blue's post... sadly it's not that simple. The car you buy needs to be brand new. If not I'd be doing exactly that and getting a cheap one!

Awwwwwwwwwwwww, there is always a loop hole to my money making schemes!
Basically it is a free £2000.
Provided you spend upwards of £6500 and have a 10 year old car.
Call me crap at maths, but I think most people would be around £4500+ down on that deal.
It's a way of giving us nothing but making us feel happy we got something. Even if the something is actually nothing.
From someone who has a close relative in the car industry... if it gets any more new cars shifted (and I'm not saying for a moment it will) then hey, it's got to be worth a try. dunno
Kenty, sit down.
I agree with you.
The Governments thinking is obviously this..... old cars pollute more than new cars.
So they using the " green " logo, to save the world. :shock:
Thanks for the lesson FB...but feel there are much more important things to worry about, than correcting me on the borrow or lend thanks anyway.
I wish I had a teacher like you whene i were at schole. My grammer wud be so much beter. wink
Quote by kentswingers777
The Governments thinking is obviously this..... old cars pollute more than new cars.
So they using the " green " logo, to save the world. :shock:
Thanks for the lesson FB...but feel there are much more important things to worry about, than correcting me on the borrow or lend thanks anyway.
I wish I had a teacher like you whene i were at schole. My grammer wud be so much beter. wink

It would. And of course, it's your opinion, 'for which you are entitled to have' *shudders*
This isn't anything important to worry about though, is it? People will either take the government up on this incentive, or they won't. They still have that choice. Hardly rocket science.
Quote by Freckledbird
The Governments thinking is obviously this..... old cars pollute more than new cars.
So they using the " green " logo, to save the world. :shock:
Thanks for the lesson FB...but feel there are much more important things to worry about, than correcting me on the borrow or lend thanks anyway.
I wish I had a teacher like you whene i were at schole. My grammer wud be so much beter. wink

It would. And of course, it's your opinion, 'for which you are entitled to have' *shudders*
This isn't anything important to worry about though, is it? People will either take the government up on this incentive, or they won't. They still have that choice. Hardly rocket science.
Shudder as much as you like my dear.
It may not be rocket sceince ( i before e except after c ) :wink: but.....my original thought on this is, how can somebody who has a ten year old car going to be able to afford a brand new one?
Will there be any financial help for people out there? Blimey.....you have to be whiter than white to get a loan now.
I bet most people would love to be able to trade in their 12 year old mini for a nice shiny new one. It is a cheap gimmick which may work for a few, but certainly not the majority of car owners, who have an old car.
Quote by kentswingers777
The Governments thinking is obviously this..... old cars pollute more than new cars.
So they using the " green " logo, to save the world. :shock:
Thanks for the lesson FB...but feel there are much more important things to worry about, than correcting me on the borrow or lend thanks anyway.
I wish I had a teacher like you whene i were at schole. My grammer wud be so much beter. wink

It would. And of course, it's your opinion, 'for which you are entitled to have' *shudders*
This isn't anything important to worry about though, is it? People will either take the government up on this incentive, or they won't. They still have that choice. Hardly rocket science.
Shudder as much as you like my dear.
It may not be rocket sceince ( i before e except after c ) :wink: but.....my original thought on this is, how can somebody who has a ten year old car going to be able to afford a brand new one?
Will there be any financial help for people out there? Blimey.....you have to be whiter than white to get a loan now.
I bet most people would love to be able to trade in their 12 year old mini for a nice shiny new one.It is a cheap gimmick which may work for a few, but certainly not the majority of car owners, who have an old car.
Nooooo! Gimmmmeeeee the Mini! :bounce:
Quote by kentswingers777
It may not be rocket sceince ( i before e except after c )

Thanks for my first chuckle of the day - I'd love to believe you are serious lol
Yes I totally agree with you - my car's 11 years old, and I cannot afford, (nor would I choose to have) a brand new one, with or without the 2 grand discount.
Quote by kentswingers777
The Governments thinking is obviously this..... old cars pollute more than new cars.
So they using the " green " logo, to save the world. :shock:
Thanks for the lesson FB...but feel there are much more important things to worry about, than correcting me on the borrow or lend thanks anyway.
I wish I had a teacher like you whene i were at schole. My grammer wud be so much beter. wink

It would. And of course, it's your opinion, 'for which you are entitled to have' *shudders*
This isn't anything important to worry about though, is it? People will either take the government up on this incentive, or they won't. They still have that choice. Hardly rocket science.
Shudder as much as you like my dear.
It may not be rocket sceince ( i before e except after c ) :wink: but.....my original thought on this is, how can somebody who has a ten year old car going to be able to afford a brand new one?
Will there be any financial help for people out there? Blimey.....you have to be whiter than white to get a loan now.
I bet most people would love to be able to trade in their 12 year old mini for a nice shiny new one. It is a cheap gimmick which may work for a few, but certainly not the majority of car owners, who have an old car.
'i before e except after c, when the sound is e' :wink:
To respond to your original thought: they don't have to afford it - if they can't, they don't get a new car. Simple. Whether you call it a gimmick or an incentive, there's nothing saying that people have to take it up. Can't see why it's a problem, to be honest. It's not like the government is saying 'if your car is 10+ years old, you have to go out and buy a new one', is it?
Kenty is half right......... which is an improvment (only kidding)
There are 2 different versions of this plan
1) drivers would be able to turn in their car, which must be at least nine years old, and get a £2,000 discount on the purchase of any new or one-year-old car bought at a dealership in Britain.
The motorists would have to deliver their old vehicles to one of a number of car recycling plants and receive a confirmation certificate. They would present this to a car dealer and get the government-funded £2,000 discount. Motorists would be able to purchase any brand of car
i can see some of the logic in this, it stimulates the car industry, and it gets some of the older polluting cars off the road and replaces then with newer less polluting ones....
and actually it is a version of the scheme set up a few years ago by the german government... it have worked there really well, and they have just extended it up to 3000 euros........
so there we go... blame the germans!!!! lol
2) a £2000-£5000 pound trade in to buy a "plug in" electric or hybrid car.... but this is not going to start until 2011... they will eventually bring in public plug in points to encourage people to buy these types of vehicles........
just so you have all the information.... debate your hearts out.....
Quote by Freckledbird
The Governments thinking is obviously this..... old cars pollute more than new cars.
So they using the " green " logo, to save the world. :shock:
Thanks for the lesson FB...but feel there are much more important things to worry about, than correcting me on the borrow or lend thanks anyway.
I wish I had a teacher like you whene i were at schole. My grammer wud be so much beter. wink

It would. And of course, it's your opinion, 'for which you are entitled to have' *shudders*
This isn't anything important to worry about though, is it? People will either take the government up on this incentive, or they won't. They still have that choice. Hardly rocket science.
Shudder as much as you like my dear.
It may not be rocket sceince ( i before e except after c ) :wink: but.....my original thought on this is, how can somebody who has a ten year old car going to be able to afford a brand new one?
Will there be any financial help for people out there? Blimey.....you have to be whiter than white to get a loan now.
I bet most people would love to be able to trade in their 12 year old mini for a nice shiny new one. It is a cheap gimmick which may work for a few, but certainly not the majority of car owners, who have an old car.
'i before e except after c, when the sound is e' :wink:
To respond to your original thought: they don't have to afford it - if they can't, they don't get a new car. Simple. Whether you call it a gimmick or an incentive, there's nothing saying that people have to take it up. Can't see why it's a problem, to be honest. It's not like the government is saying 'if your car is 10+ years old, you have to go out and buy a new one', is it?
Well for all these years I thought I was saying it proper like. But then you know I am kidding?....or maybe you don't. :wink:
Quote by Freckledbird
The Governments thinking is obviously this..... old cars pollute more than new cars.
So they using the " green " logo, to save the world. :shock:
Thanks for the lesson FB...but feel there are much more important things to worry about, than correcting me on the borrow or lend thanks anyway.
I wish I had a teacher like you whene i were at schole. My grammer wud be so much beter. wink

It would. And of course, it's your opinion, 'for which you are entitled to have' *shudders*
This isn't anything important to worry about though, is it? People will either take the government up on this incentive, or they won't. They still have that choice. Hardly rocket science.
Shudder as much as you like my dear.
It may not be rocket sceince ( i before e except after c ) :wink: but.....my original thought on this is, how can somebody who has a ten year old car going to be able to afford a brand new one?
Will there be any financial help for people out there? Blimey.....you have to be whiter than white to get a loan now.
I bet most people would love to be able to trade in their 12 year old mini for a nice shiny new one. It is a cheap gimmick which may work for a few, but certainly not the majority of car owners, who have an old car.
'i before e except after c, when the sound is e' :wink:

You forgot to mention Receive. :wink:
bolt
Quote by Theladyisaminx
The Governments thinking is obviously this..... old cars pollute more than new cars.
So they using the " green " logo, to save the world. :shock:
Thanks for the lesson FB...but feel there are much more important things to worry about, than correcting me on the borrow or lend thanks anyway.
I wish I had a teacher like you whene i were at schole. My grammer wud be so much beter. wink

It would. And of course, it's your opinion, 'for which you are entitled to have' *shudders*
This isn't anything important to worry about though, is it? People will either take the government up on this incentive, or they won't. They still have that choice. Hardly rocket science.
Shudder as much as you like my dear.
It may not be rocket sceince ( i before e except after c ) :wink: but.....my original thought on this is, how can somebody who has a ten year old car going to be able to afford a brand new one?
Will there be any financial help for people out there? Blimey.....you have to be whiter than white to get a loan now.
I bet most people would love to be able to trade in their 12 year old mini for a nice shiny new one. It is a cheap gimmick which may work for a few, but certainly not the majority of car owners, who have an old car.
'i before e except after c, when the sound is e' :wink:

You forgot to mention Receive. :wink:
bolt
Er, yes - because the rule covers it. As well as conceive, perceive, deceive, etc. :wink:
There are families who are by necessity a 2 car family, and it is quite possible the second car will be the car that qualifies for the scrapping scheme.
I just had a nose at the Citroen site, where Citroen are currently offering a number of deals for their cars, one of those deals is for a Citroen C1, which starts from £6395, and qualifies for either a £1400 cashback, or £2000 scrappage, which then takes the starting price from as little as £4395, it is also available on 5.9% finance, for some people, this could be an attractive proposition, the car may be an older one by choice ("it'll do for now") it could be because they havent had the money to replace, but could now possibly consider trading up.
As FB said, it is a choice, nobody is forced to do anything with this scheme.
Quote by essex34m
There are families who are by necessity a 2 car family, and it is quite possible the second car will be the car that qualifies for the scrapping scheme.
I just had a nose at the Citroen site, where Citroen are currently offering a number of deals for their cars, one of those deals is for a Citroen C1, which starts from £6395, and qualifies for either a £1400 cashback, or £2000 scrappage, which then takes the starting price from as little as £4395, it is also available on 5.9% finance, for some people, this could be an attractive proposition, the car may be an older one by choice ("it'll do for now") it could be because they havent had the money to replace, but could now possibly consider trading up.
As FB said, it is a choice, nobody is forced to do anything with this scheme.

Yep, I totally agree with you here Mr Essex. I think this will be used mostly by comfortably off, 2 car families, where one car is relatively new, and the other is older and used only a small portion of the time. That and older folk who only use the car for a 30 minute Garden centre run on a Sunday. They will have enough disposable income, savings or abilities to get car loans to make this viable.
However sadly, most of the beat up old Earth killers you see on the road everyday are bought out of necessity because they are cheap and because the people who buy them cannot afford the cost of a new car and the insurance, road tax. Given the current financial situation, job situation and worsening economy, that situation is only likely to have worsened. So the £2000 off a new car will be of little benefit to them, and as such it will only have a neglible effect if it is intended to get older cars off the road and cleaner newer ones on it in their place.
I think it is a little "foot up" to the car industry, in an attempt to get this moving again. My dad works in it and has been affected like everyone else by the downturn. Whether or not it will work or not I don't know. It's worth a try.
However the stated aim of getting the "old" cars off the road is just a smokescreen. It will not do that. On that Mr Kent is quite right I believe. It is a gift to the car industry that the wealthier members of society can use to their advantage and that will have neglible effect environmentally.
Now make it £2000 off ANY age of car (with emissions rated lower than an agreed level) and the government COULD achieve their intended aims. The only problem is, this of course means a lot of 2nd or 3rd hand cars will be bought, which does nothing for the new car industry, though 2nd hand and private sellers would be happier. It would also be a LOT more expensive... but that's because it would work.
Cynical? Me?
As you say people don't have to take it up. The truth is, many won't because they cannot afford to and the Government knows this. It isn't a gesture to help people get better cars or improve the environment any, it is simply a gift to the faltering new car industry wrapped up in a different paper, only available to those with the financial means to take advantage of it.
If, and its a big If, this is being promoted with a Green aganda then we need to examine the facts. It takes quite a while for an inefficient old gas guzzler to even begin to equal the Environmental cost of producing a new car. Keeping bangers ON the road is the ultimate in recycling.
The personal ownership of motor vehicles causes and will continue to cause huge damage to our environment. I think its about time everybody started talking about it.
This initiative is simply a fish thrown to a manufacturing industry seal that is in its death throes.
Quote by benrums0n
If, and its a big If, this is being promoted with a Green aganda then we need to examine the facts. It takes quite a while for an inefficient old gas guzzler to even begin to equal the Environmental cost of producing a new car. Keeping bangers ON the road is the ultimate in recycling.
The personal ownership of motor vehicles causes and will continue to cause huge damage to our environment. I think its about time everybody started talking about it.
This initiative is simply a fish thrown to a manufacturing industry seal that is in its death throes.

Would you be so kind to produce valid evidence of that one please?
Yes Kent- pick this up at yer local library
Journal of Industrial Ecology
Volume 10 Issue 3, Pages 159 - 182
Published Online: 8 Feb 2008
©2009, Yale University
The will apply to a dealer price who can sell a car at a price they can get away with .Its allso based on the manufacturers retail recommended price not discount ie:::::
My sister shopped around for a new ford fiesta ...Leicester dealer price
Dealer in Chesterfield.. the same car the same manufacturer 09 plate.....
The chesterfield dealer could not give the for a scrapper as his price was so low anyway ?
The Leicester dealer could have given the discount but didnt , if he had the price would have been the same as the chesterfield dealer ...................
Its really an inflated price con trick to kick start the car industry .........incidently your car purchased today may not be as new as you think ??????
There are stock piled 1000's of cars all over the country in fields rusting away as we speak ......
why not just scrap the purchase tax and vat on cars for a year you would probably pick one up for around
steve
A lot of smoke and mirrors as always ...
A lot of people will look at the £2K and think, wow, that's saving me a lot of money ... but everyone knows that the second you drive a new car away from the dealers, you've already lost several thousand pounds. Depending on what car you're buying, that drop could easily wipe out and may even drawf the £2K scrappage so if you WERE going to replace your old banger, you may still be better off buying a 2nd hand car that's just a couple years old.
Just happens that I'm scrapping my old car because it's an old S reg and just a couple weeks ago, developed a fault that will cost me £800 to fix, way more than the car is worth ... annoying as there are a lot of good parts still in that car ... but I'm not bothering with the scrappage scheme for the above reasons.
Public transport in London is so unreliable and expensive that there's no way I would NOT have a car.
Been driving since I was 17 :shock:
In all that time have had old bangers biggrin :D
In 1990 bought my first brand new car an xr3i cabriolet by ford , I had nothing but trouble with that piece of junk and was glad to see tha back of it,
Would I buy new ... NO WAY :D :D
I will stick with old bangers ...just like my women ??? tongue in cheek wink :wink:
steve
Quote by benrums0n
If, and its a big If, this is being promoted with a Green aganda then we need to examine the facts. It takes quite a while for an inefficient old gas guzzler to even begin to equal the Environmental cost of producing a new car. Keeping bangers ON the road is the ultimate in recycling.
The personal ownership of motor vehicles causes and will continue to cause huge damage to our environment. I think its about time everybody started talking about it.
This initiative is simply a fish thrown to a manufacturing industry seal that is in its death throes.

Oh dear....

Shall we get rid of all the cows and other animals too? :shock: