Are these a bit of a con or do you receive a genuine additional amount?
The reason I ask is that I have a 19 year old Yaris (and it looks its age) that is cleary worth very little, if anything. I am looking to replace it and was originally thinking of a 2-3 year old Hyundia I10. However if these scrappage deals are geniune it may be worth considering new, especially as the new shape I10 looks an upgrade from the previous model - any thoughts
I agree with FB that most, if not all the 'scrappage' schemes are not worth it - they don't give a normal discount level when haggling over the new car, which 90% of the time is a good deal less than you could obtain via a broker.
Note also that the scrappage blurb almost always quotes the maximum price you can obtain, but which only applies to the largest (most expensive) models in the manaufacturer's range, incentivising the punter to 'trade up' even when they don't need to, plus the 'deals' often do not apply to certain models (often the most popular and/or small cars) and trim levels, rather like the 'money back' PCP/conditional sale offers.
What punters may be able to do is pretend initially you don't have a car to trade in and see what can be negotiated in comparison to a broker (though I doubt if they'll match that either).
Where there may be some room to manouvre is on cars that have been sitting around for 3+ months in the showroom or nearly new, low mileage demos that are otherwise fine (I'd get them to throw in a full service, especially as regards the brakes, tyres and battery), given that they are just losing them money sitting there.
If you can source a new car from a decent broker (not sure if some or most take PXes or scrappage - I suspect not), but if you can get a better deal without giving up your existing car, then go ahead and seel the old one privately or via one of the Webuyanycar type sites, and good quality, well maintained older cars will be in demand, given most people won't exactly have a lot of cash over the next few years.
|