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interestrateripoff

60,000 Motorists Take Advantage Of Scrappage Scheme

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http://www.guardian.co.uk/business/2009/ju...cheme-mandelson

More than 60,000 orders for cars under the government's scrappage scheme have been placed since the £2,000 subsidy was announced, new figures showed today.

The government said the news showed that the move to scrap vehicles which were at least 10 years old was helping to boost the car industry.

Business secretary Lord Mandelson said: "Consumers know a good deal when they see one. These figures speak for themselves.

"Car manufacturers continue to report on the success of the scheme with rising sales. It is the boost that the industry needs".

The scheme was announced at the end of April and the latest figures cover orders from then until 7 June.

Is that the backlog of cars gone?

And what will be done to keep these sales up? 60,000 people no longer need to buy a car, how many have bought on finance?

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annualised thats about 700,000 sales per year.

One assumes the other 1.3million required for your normality are bought WITHOUT the trade in.

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annualised thats about 700,000 sales per year.

One assumes the other 1.3million required for your normality are bought WITHOUT the trade in.

Wasn't there a report in the last week saying the German scheme isn't a success now?

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Wasn't there a report in the last week saying the German scheme isn't a success now?

see post 2.

just like government stimulus for the world, it doesnt kickstart anything, it just prevents mans productive labour from happening as man will invariably take the easy way out.

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The scheme does not make much financial sense except for cars around £5000, as the depreciation on more expensive cars is likely to be more than £2000.

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60,000 minutes equates to nearly 42 days. As the scheme has now been running for much less than 42 days and, bearing in mind all that we have already discussed about how this scheme is likely not a good deal for most buyers as they could have bought cheaper anyhow, this news may prove that there is MORE than one born every minute.

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I read in Autocar magazine that some quite decent cars are being scrapped under the scheme and it's not all early-90's Escorts and Astras going to the crusher. One example given was an early VW Scirocco in very good condition that was arguably worth more than the £2000 scrappage discount.

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I love this scheme.

The government gives my money to someone to use as a deposit on a car. They then borrow the rest from a bank.

So the buyer gets a car, the bank gets a profit, the car maker gets a profit, and the only person who has actually paid real money gets diddly squat.

Meanwhile, as someone with an ageing, but not old enough car, I'm excluded from doing the same.

Not happy.

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60,000 minutes equates to nearly 42 days. As the scheme has now been running for much less than 42 days and, bearing in mind all that we have already discussed about how this scheme is likely not a good deal for most buyers as they could have bought cheaper anyhow, this news may prove that there is MORE than one born every minute.

Ha ha! Like it :lol:

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Did Mandelslime offer his thoughts on the 60,000 (?) cars over 10 yrs old that won't now need spare parts, repairs, MOTs, or other trips to the small independent mechanic down the road?

He's a berk.

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I read in Autocar magazine that some quite decent cars are being scrapped under the scheme and it's not all early-90's Escorts and Astras going to the crusher. One example given was an early VW Scirocco in very good condition that was arguably worth more than the £2000 scrappage discount.

We've a small efficient runaround only worth about £500 but it seems environmentally wasteful to scrap it as it gives us no trouble and costs pennies to keep. I suppose if I were after a new car (or at least only been sitting out in the open for a year or so) anyway I would take the money.

I'm waiting for the analogue TV scrappage scheme

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Did Mandelslime offer his thoughts on the 60,000 (?) cars over 10 yrs old that won't now need spare parts, repairs, MOTs, or other trips to the small independent mechanic down the road?

He's a berk.

Absolutely, but, for once, my family have benefited.

A couple of my offspring drive qualifying old bangers. One of them (the banger) went tits up last week and would have needed expensive repairs, so I offered an interest free loan to them both to get a couple of new, ultra economic, ultra safe cars. We had to shop around, as some dealers are only passing on a fraction of the £2k, but we managed to find deals where we got the cars for almost the entire £2k less than the best deal we could negotiate without scrappage. Picking up the first one this afternoon :D.

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Did Mandelslime offer his thoughts on the 60,000 (?) cars over 10 yrs old that won't now need spare parts, repairs, MOTs, or other trips to the small independent mechanic down the road?

He's a berk.

Are you suggesting this scheme hasn't been thought through?

Next you'll be suggesting they are making it up as they go along.

Edit put not instead of next

Edited by interestrateripoff

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We've a small efficient runaround only worth about £500 but it seems environmentally wasteful to scrap it as it gives us no trouble and costs pennies to keep.
We run two 15 year old cars. Part of the reason we've kept them is because we want to get a VW Golf Mk 5 TDI and we're waiting for them to come down in price on the secondhand market.

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Are you suggesting this scheme hasn't been thought through?

Not you'll be suggesting they are making it up as they go along.

Hmmm.

It's usually, dither at great length until it becomes painfully obvious what public opinion is.

Then do the opposite.

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Hmmm.

It's usually, dither at great length until it becomes painfully obvious what public opinion is.

Then do the opposite.

I think this crisis is happening so fast there is no time for dithering, this is totally policy on the hoof.

Which means it will end in unmitigated disaster. Usually the dithering route just gives disaster.

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Absolutely, but, for once, my family have benefited.

A couple of my offspring drive qualifying old bangers. One of them (the banger) went tits up last week and would have needed expensive repairs, so I offered an interest free loan to them both to get a couple of new, ultra economic, ultra safe cars. We had to shop around, as some dealers are only passing on a fraction of the £2k, but we managed to find deals where we got the cars for almost the entire £2k less than the best deal we could negotiate without scrappage. Picking up the first one this afternoon :D.

I would do exactly the same as well (but don't tell my kids). Perfect timing for you.

Do you mind me asking what you decided upon? (PM me if you like).

Oh and good luck this afternoon - I bet they can't wait!

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I would do exactly the same as well (but don't tell my kids). Perfect timing for you.

Do you mind me asking what you decided upon? (PM me if you like).

Oh and good luck this afternoon - I bet they can't wait!

It appears that the 'scrappage scheme' is being eroded by the manufacurers. Apparently the smaller lower value cars are experiencing price increases. In addition the HP is being changed through higher interest charges on these cars.

Adding the above to the intrinsic value of the scrapped car, it may be that most/many people may have been better off sticking with the pre scrappage system of haggling and discounts!

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I would do exactly the same as well (but don't tell my kids). Perfect timing for you.

Do you mind me asking what you decided upon? (PM me if you like).

Oh and good luck this afternoon - I bet they can't wait!

PM sent.

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