There has never been a better point in time to purchase a brand new car with the Government scrappage scheme giving up to 2000 pounds off the cost of a brand new car. To acquire your money off though you will have to dash as the scheme is due to close at the close of February 2010 or once the fixed funding for the scheme runs out. So if you would like to collect your £2000 concession it is crucial that you act soon and get down to your regional participating car dealership such as Lexus Leeds or Fiat Newcastle.
The brand new car marketplace in the UK has been having a hard time in the preceding couple of the years and has felt the effects of the credit crunch more harshly than just about any other industry. With rising rates of unemployment and a significant reduction in consumer confidence spending on new cars declined quickly. Fortunately the government scheme has helped to boost the car industry and helped to secure lots of jobs in factories and car dealerships around the nation. A new broadening to the scheme means that cars and vans that are merely 8 years old currently qualify for the 2000 pounds bonus while earlier they had to be at least 10 years old.
If you are in the north east of England there are a large range of motor dealerships that you can go to, to request your concession on a new car or van. In Newcastle there is Benfield Alfa Romeo, Honda Newcastle and Hyundai Newcastle. All of these car dealerships maintain a splendid range of brand new cars that you can trade in your old car for.
So far more than 200, 000 cars have been sold under the scrappage scheme since it began and the car industry would love to witness and extension of the scheme until late 2010. However the government is doubtful to widen the scheme further than its final date of February. Talks are underway involving representatives of the car industry and the government with the car industry claiming that the scheme will not cost the taxpayer any cash as the plan is self funded due to the cash made by the government on VAT when a new car is sold.
Car dealerships such as Toyota Leeds, Hyundai Leeds and Honda Teesside would certainly love to witness an expansion of the scheme and are no doubt keeping their fingers crossed that the government has a transformation of mind and decides that it will prolong the scheme for a further year. Extending the scheme would further safeguard lots of UK jobs and remove more old and potentially unsafe cars from our roads.
So far the scheme has contributed to a 13.5% increase in car manufacturing and there are environmental benefits as well. Data shows that the modern cars on the road generate on average 25% less CO2 then the cars that have been scrapped and of course new cars have a tendency to be much safer than older models of cars. So with a bit of luck Ford Harrogate and Ford Wetherby can have a cheery new year and acquire an expansion of this important scheme.