UK drivers can receive anywhere between £2,000 and £9,000 off a new car, thanks to the schemes’ cash incentives.
The exact amount is down to the discretion of the manufacturer
Research from independent car buying site CarWow has revealed more than 50 per cent of UK drivers said that they would not consider anything less than £3,000 compensation to move to a newer, cleaner vehicle.
According to the data, one in six would be looking for a minimum of at least £7,000.
The announcements of scrappage schemes in the UK follows the Government’s announcement that it will ban the sale of new petrol and diesel cars by 2040.
Research from CarWow revealed that one in seven drivers believe the deadline is too soon, while 21 per cent claim they won’t be in a position to switch their car and a further 15 per cent not prepared to lose money on their vehicles.
Head of sales and operations at CarWow Karen Hilton said: “There has been a lot of confusion for consumers about what action, if any, they should be taking with regards to their cars in reaction to new clean air policies.
“Scrappage schemes like the one Ford has put forward are a positive step forward, offering consumers a solution to one of the main barriers which for most, is the financial impact.”
The survey of UK motorists also revealed that whilst 34 per cent believe there should be a scrappage scheme, many (32 per cent) believe ordinary drivers are being penalised and one in five (21 per cent) are certain that they will be left at a financial disadvantage.
Hilton continues, “Allowing consumers to part with with older more polluting vehicles, whilst supporting them with the cost of trading up has long been suggested as a sensible, and ultimately unavoidable approach, and whilst some schemes go further than others, this is a very positive move for UK drivers.
“So far we have seen BMW/MINI, Mercedes, Vauxhall, Ford all announce their scrappage schemes but there is undoubtedly more to be done as some of the packages are still very niche, despite some of the suggested government action implying fairly drastic changes long term.
“A joined up approach is required from all manufacturers, the industry and the government, in order to ensure that the majority are able to reduce their emissions, not just a minority group of drivers.”
In the addition to the amount each manufacturer offers, the period of time you have owned the car is another qualifying factor that needs to be considered.
For example, under the terms of BMW’s scrappage scheme, you need to have owned the car for at least 12 months. Vauxhall requires 90 days.
What can you buy instead?
Deal offered : Increase trade-in value of your old car to £2,000
Cars that qualify: New BMWs emitting less than 130g/km of CO2, hybrid or electric models
Mini
Deal offered: Increase trade-in value of your old car to £2,000
Cars that qualify: New Minis emitting less than 130g/km of CO2, hybrid or electric models
Deal offered: £2,000 discount on new car/ £7,000 on a new van
Cars that qualify: Any new petrol or diesel Ford model
Deal offered: £2,000 discount on new model
Cars that qualify: Any new diesel Mercedes or plug-in hybrid model
Deal offered: Increase trade-in value of your old car to £2,000
Cars that qualify: Offered on new Adam, Corsa, Astra, Astra GTC and Mokka X models
Deal offered: Up to €10,000 (£9,022) off a new car
Cars that qualify: New VWs emitting less than 130g/km of CO2, hybrid or electric models
Deal offered: Up to £5,000 off a new car
Cars that qualify: Hyundai i10, i20, i30 (PD), 140, ix20, Tuscon, Santa Fe, IONIQ