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Banger For Cash - Starts NOW!

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The Government's "bangers for cash" scheme has started.

Scrap Car Bridgend

Bangers For cash scheme launched

The scheme allows owners of cars and small vans over than ten years old to get £2,000 off the price of a brand-new vehicle when scrapping their old motor.

The Government and manufacturers are sharing the cost of the scheme, which will last until the end of February 2010 or until the £300 million Government funding runs out.  The UK motor industry needs a boost as new car sales have fallen dramatically over the past 11 months.

Although the UK scheme is voluntary, all the major manufacturers have signed up for it and many are planning to continue their own sales incentives on top of the scrappage deal.

Paul Everitt, chief executive of the Society of Motor Manufacturers and Traders, said: "The scrappage scheme is good news for consumers and the UK motor industry alike. It has already started to get people back into showrooms to kick-start demand in the market".

"There has been a good response to the scheme ahead of the official start date and industry is confident that this will be translated into additional orders."

The AA, which is one of a number of organisations backing the scrappage initiative, said that the scrappage scheme would benefit "hundreds and thousands of consumers".


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