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Thread: The new £2000 scrap car deal.

  1. #1
    Regular Member 67688c's Avatar
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    Default The new £2000 scrap car deal.

    I'm sure everyone knows about the goverments recent £2000 scrap car deal.

    However on reading the article below, it appears that £1000 is coming from the goverment and the other £1000 is being provided by the car companies themselves.

    http://www.dailymail.co.uk/news/arti...ALLY-help.html

    Why the hell don't they just knock a grand of the price of new cars, surely they would sell more. Maybe the recent £1000 price increases some manufacturer's put on their cars was merely to cover that cost.

    TBH, it's obvious that car manufacturer's are not desperate enough yet, otherwise they would be offering some decent discounts on their new cars instead of increasing the prices.

    If a product is not selling.... prices come down... not go up. No wonder there has been 53% fewer new car registrations this year. JMO

    What do you think?

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    Regular Member fenderguitar's Avatar
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    Plus the car has to be 10 yrs old min and you have to have owned it for at least 12 months before hand.Save people buying a cheap banger for a couple of hundred and trading it in and getting 2 grand

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    Most people who are driving a banger which is worth only a few hundred quid won't be swayed by this because they probably can't afford the extra 6-8 grand which they'll need to put up to get the new car. If they had that kind of money or could access it, they would probably already be driving around in something worth a lot more than £2000!!

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    You can bet your sweet backside, car manufacturers will increase their prices by £2000

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    Regular Member petel's Avatar
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    when times are tight a lot of companys increase their prices,its profit that keeps you afloat,not turnover

  6. #6
    spoons
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    Quote Originally Posted by petel View Post
    when times are tight a lot of companys increase their prices,its profit that keeps you afloat,not turnover
    Yes and no....

    Turnover and good debters gives you cash flow.... if you dont have cashflow, your dead in the water.

    Lots of companies stay afloat without making a profit, providing they maintain growth (sales or aquisitions).... and many companies go bust even when they are making a healthy profit.... all because of cash flow

    Cash is king !!

    But profits keep you in business longer, especially if you are a small business
    Last edited by spoons; 3rd May 2009 at 10:08.

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    Also after buying the new car,evidently you have to keep it for 12 months before selling it.This is to stop people buying the car and selling it on for a profit.

    Also its a farce that the car your trading in has to have a MOT on it.For what?So that they can scrap it?.Most owners will only look to buy another car after its failed its MOT and it's going to cost too much to repair.

    Also if people do trade in their old cars then i can see the scrap man re-selling the car on due to it being still fit for the road(with its mot!).

    Biggest load of bull**** to ever come out of the government.
    The quicker Labour are voted out the better.

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    Totally agree with all of the above. I just can't see who is going to use this scheme. The government is putting £300m into this - so that means it should support the sale of 300,000 new cars. They are either dreaming or (more likely) never really had any intention of this money actually being spent.

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    Regular Member solorider's Avatar
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    Default

    Quote Originally Posted by videodoctor View Post
    Also after buying the new car,evidently you have to keep it for 12 months before selling it.This is to stop people buying the car and selling it on for a profit.

    Also its a farce that the car your trading in has to have a MOT on it.For what?So that they can scrap it?.Most owners will only look to buy another car after its failed its MOT and it's going to cost too much to repair.

    Also if people do trade in their old cars then i can see the scrap man re-selling the car on due to it being still fit for the road(with its mot!).

    Biggest load of bull**** to ever come out of the government.
    The quicker Labour are voted out the better.
    a bit unfair on the government as this scheme is also being done in europe,and it is working very well,car sales in europe where this scheme is on ,the government has only copied what some in europe are doing.and the main reason why they have done this is to get some of the older inefficient cars off the road and get them to buy economical greener cars,and as these sort of cars are in the lower price bracket it may work,but as the cheapest honda (uk made) is £14k it does not help the uk market that much,but in germany hondas are selling very well.to give you an idea i have an audi a4 which i have owned for over a year,i can go out and get a brand new agila or a chevy aveo for £6k,that would only leave me to find £4k to find,nd getting a £4k loan is easier than getting a £6k loan,it would be the same as you go to higher value cars,there are people who keep a car for a set amount of time,some keep the car say for 10 years and in that time save up for a new car,as the times are hard they may hold onto the cash till things are better,but as they have had a carrot dangled in front of them,in a few cases these people will go out and buy a new car.
    as to voting labour out who would you want in? the conservitives? i would not trust them either

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    Regular Member mark_647's Avatar
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    Quote Originally Posted by fenderguitar View Post
    Plus the car has to be 10 yrs old min and you have to have owned it for at least 12 months before hand.Save people buying a cheap banger for a couple of hundred and trading it in and getting 2 grand
    I was wondering this, bit of a shame !!!

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