Scrappage for UK?
Talk is that Peter Mandelson is pondering on a ‘scrappage scheme’ in order to stimulate the ailing UK car market.
Scrappage schemes have already been introduced successfully in Germany and France, where owners who trade-in cars of around nine-years-old or more receive a cash incentive of almost £2000 if they then buy a new environmentally friendly car.
The UK car industry is, not surprisingly, pushing for such a scheme to be introduced in the UK, and the Government has already asked car makers to supply costed proposals.
There are voices who suggest it could subsidise manufacturers based elsewhere in Europe and not the UK. Others see it as just a means of subsiding an industry that should be left to decline with money going into more green transport methods.
Mass car leasing would see many more efficient, new cars on the road which would emit less harmful substances – and be regularly replaced.
February 8, 2009 at 11:11 pm | Car Leasing Advice, Car Leasing News | No comment
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