Scrappage – The Best Time Ever to Buy a New Car

With the government Scrappage scheme now in full swing, has there ever been a better time to buy a new car? So long as your old banger qualifies, you can get £2,000 off your next new car when you trade in your old one. Hold on though, dig a little deeper and you may find that you can save a lot more than the governments offering.

Leading up to the announcement of the scheme many manufacturers were already suffering in this economic downturn and as a result it was possible to achieve discounts on new cars well in excess of the two thousand pounds now being offered. The result? Not all manufacturers are treating the Scrappage scheme exactly the same. Some are topping up existing bonuses, some are offering the straight two thousand off list price, but others are offering existing bonuses and the £2,000 on top and that is where the bargains are to be had.

As with other Scrappage schemes that have been running in other countries for a while now, the majority of interest seems to have been generated around small cars. Cars such as the Citron C1, small, economical and cheap, with a list price of £7,945, the C1 looks a great deal when you knock off the £2,000, do your research though and you may be able to knock off a further four hundred pounds or so. Then it really is a bargain.

For those who need something a little larger, both Vauxhall and Renault are also participating in the Scrappage scheme and both manufacturers are offering well in excess of the two thousand pounds just about across the range of their vehicles. In fact on some of their larger family cars it is not uncommon to find savings well above five thousand pounds.

It doesn’t stop at the lower or medium ends of the market either. Even some of the luxury manufacturers have signed up to the scheme. Forget two thousand pounds off an Audi A3, with a little homework you should be able to get a lot closer to three thousand off even their most basic model and as the list prices rise, so do the savings.

So for the fortunate few who are looking to change their car in the next year and they have a vehicle that qualifies for the Scrappage scheme, do your homework and this may truly be the best time ever to buy a new car.