Owners of high-polluting older cars don’t have to wait for a government-backed incentive to cash-in on their bangers because Vauxhall has announced its own version of the scrappage scheme.
The carmaker this week confirmed the return of the popular Scrappage Allowance Scheme that ran for short periods during 2015 and 2016.
Under the arrangement, motorists are being offered £2,000 towards a new Vauxhall when they trade in their old car to be scrapped.
Get £2,000 for your old banger: Vauxhall has relaunched its Scrappage Allowance Scheme for the third year running
In April, insiders claimed that Prime Minister Theresa May had ordered ministers to draw up plans for a’ targeted’ diesel scrappage scheme to eradicate the highest emitting cars from the nation’s roads.
The scheme is expected to see some drivers offered up to £2,000 to scrap their cars, with half of the money coming from the Government and matching cash from car manufacturers.
But the government-approved scheme is likely to be tightly focused on older models only to control costs, meaning many cars will be ineligible for the offer and potentially face additional surcharges, including the London T-Charge that will be introduced from October this year.
With fears already growing about diesel models dropping in value ahead of the toxin taxes for driving and parking in congested areas, many will appreciate the opportunity to offload their old car sooner rather than later.
The only restriction Vauxhall has for its Scrappage Allowance Scheme is that you have to have owned the vehicle you’re trading in for at least 90 days.
It’s also only eligible on new cars registered before June 30, while stocks last, and the new-model range included in the deal is restricted to the Adam, Corsa, Meriva, Astra and Mokka X.
The £2,000 incentive can be used against a cash purchase or combined with a deposit on a finance deal for one of the above vehicles.
Anyone who has owned their vehicle for more than 90 days qualifies for the scheme that would give them a guaranteed £2,000 for their old car when they trade it in against a range of new models, including the current Corsa (pictured) Ministers are believed to be drawing up plans for a targeted diesel scrappage scheme to remove as many high-polluting older cars from the road as possible
Previously, Vauxhall came in for some scrutiny from classic car groups who blamed the scrappage offer for destroying usable components fitted to collectible modern classics that are already in short supply.
But the British car manufacturer has said it will work with Autogreen, Vauxhall’s recycling partner, to create a ‘safety net’ to preserve these sought-after spares.
It said it will identify any pre-1991 vehicles that are traded in and contact relevant owners’ clubs to give them the opportunity to purchase parts through the Authorised Treatment Facility.
Simon Hucknall, PR manager for Vauxhall product and heritage, said: ‘Vauxhall has immense respect for the UK’s classic car groups, irrespective of what make or model they support.
‘The Scrappage Allowance is designed to capture vehicles that are beyond economical repair, and given the low value of scrap metal, recycling of parts is vital to the scheme’s viability.
‘We’re also confident that the number of genuine classics over 25 years old presented to the scheme will be minimal, especially given the steady rise in value of even the most mainstream collectors’ cars in recent years.’