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Scrappage Scheme Facts

Scrappage Scheme 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 will run until 28th February 2010, or until all of the government funding has been used – 300,000 sales (whichever comes first).
  • 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.

The new vehicle you want to buy must:

  • Be  a car or a light commercial vehicle weighing up to 3,500 kg
  • Be a UK specification vehicle
  • Be declared new at first registration in the UK with no former keepers
  • Have been first registered in the UK on or after the start date of the Scrappage Scheme
  • Be registered to the same keeper as the registered keeper of the vehicle to be scrapped

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