£2000 for your old car.

[Darryn]

Not seen this mentioned, just wondering what the generally feeling on here is about This?

Could it encourage folk to go out and buy new/nearly new cars, when the car they are running is worth currently worth under £2000, will it boost the sales of sub-£2k cars, as folk will use them as £2k tradein value when buying new cars.

Personally, im interested in who is paying the £2,000 im fairly sure it will be me and you, as taxpayers, and i dont think this is where my money should be spent if im honest.

 

[yantorsen]

How are you supposed to get a new car for £2000?

 

[Kristoph]

How are you supposed to get a new car for £2000?

You're not.

It's supposed to help towards one if you're 9+ year old car is worthless.

 

[Maccy]

Like me

 

[yantorsen]

You're not.

It's supposed to help towards one if you're 9+ year old car is worthless.

That means your going to need to spend at least an extra 4-5k on top of that, I can't really see 2k being much help. Still, I'm not complaining.

Also what's to stop you buying loads of £500 cars and getting £2000 for each?

 

[Lakeland]

I know of an easier way, just charge £1000 road tax for those cars with poor CO2 emissions

 

[TONY]

You would most likely expect a £2000 discount off a new car anyway atm so you may not be gaining anything.

 

[Kristoph]

That means your going to need to spend at least an extra 4-5k on top of that, I can't really see 2k being much help. Still, I'm not complaining.

Also what's to stop you buying loads of £500 cars and getting £2000 for each?

What are you talking about?

If the car runs fine and you don't have the money to buy a new one, no problem. But there are people who want a newer car, and might only get a couple hundred - or nothing at all infact - for their current car. £2000 could be a big help.

 

[yantorsen]

What are you talking about?

If the car runs fine and you don't have the money to buy a new one, no problem. But there are people who want a newer car, and might only get a couple hundred - or nothing at all infact - for their current car. £2000 could be a big help.

Surely that just comes with buying a naff car in the first place or not looking after it properly? If I buy a car for £2k, and it's worth £500 a few years later, I don't expect the state to give me the full value back.

 

[jellybeard999]

Surely that just comes with buying a naff car in the first place or not looking after it properly? If I buy a car for £2k, and it's worth £500 a few years later, I don't expect the state to give me the full value back.

With all the best intentions in the world, at a certain point, any given car will require a huge amount of work, once the suspension, engine etc etc starts to go, and no amount of repairs can avoid replacement of key parts. At this point, most cars are scrapped. If your car is getting that way and you just haven't had the cash to replace it, this scheme might work.

On the other hand, just scrapping it for £50 and buying a £2k-£3k car would probably be the more affordable option for someone in the above situation, so it doesn't seem worthwhile

 

[bobert50]

TBH the guy has a point. Think of all the bangers that are worthless, millions of them that could be worth £2000 as scrap soon...

I can't see it myself tbh.

It'd be fantastic news for me as i'd be lucky to get that much for mine now but it'd seem the biggest waste ever to see a perfectly good car get scrapped for the sake of it.

 

[jellybeard999]

TBH the guy has a point. Think of all the bangers that are worthless, millions of them that could be worth £2000 as scrap soon...

I can't see it myself tbh.

It'd be fantastic news for me as i'd be lucky to get that much for mine now but it'd seem the biggest waste ever to see a perfectly good car get scrapped for the sake of it.

I'd be tempted to stock up once it's announced if it were £2k cash

 

[yantorsen]

With all the best intentions in the world, at a certain point, any given car will require a huge amount of work, once the suspension, engine etc etc starts to go, and no amount of repairs can avoid replacement of key parts. At this point, most cars are scrapped. If your car is getting that way and you just haven't had the cash to replace it, this scheme might work.

So why should the state bail you out? That's the cost of running a car, if you can't afford a car then the state shouldn't be funding your next one.

 

[Vigoro]

So why should the state bail you out? That's the cost of running a car, if you can't afford a car then the state shouldn't be funding your next one.

The whole point is to get new car sales back up, meaning more people get back to work(for instance people at the honda plant in swindon). The cars which people will be able to scrap their own cars for £2000 will probably be over £6500 or so anyway, which means the owner still has to get over £4500 themselves, which no doubt will be a higher amount in most circumstances

 

[BigglesPiP]

This is just going to make all second hand cars more expensive.

 

[yantorsen]

The whole point is to get new car sales back up, meaning more people get back to work(for instance people at the honda plant in swindon). The cars which people will be able to scrap their own cars for £2000 will probably be over £6500 or so anyway, which means the owner still has to get over £4500 themselves, which no doubt will be a higher amount in most circumstances

I see. I'm skeptical though. If your the kind of person happy to be to driving a shed worth a few hundred that you can't sell for peanuts, your not going to suddenly plough 4k+ into a new car.

 

[Vigoro]

I see. I'm skeptical though. If your the kind of person happy to be to driving a shed worth a few hundred that you can't sell for peanuts, your not going to suddenly plough 4k+ into a new car.

Yeah but if you are the kind of person like me who hates driving a car that is only worth a couple hundred quid and really want something new(er) that will last a while it would be useful. Seeing as i plan to use 6000-7000 of my own money when i am looking for a new car next year, i wouldnt need something like this, but for some people they just cannot afford this.

 

[yantorsen]

Yeah but if you are the kind of person like me who hates driving a car that is only worth a couple hundred quid and really want something new(er) that will last a while it would be useful. Seeing as i plan to use 6000-7000 of my own money when i am looking for a new car next year, i wouldnt need something like this, but for some people they just cannot afford this.

But without the 2k needed to get a new car you would have around 5k atleast, which is enough to get a fairly reasonable second hand car. So if you had that kind of money available you could just get a better car anyway.

 

[Vigoro]

But without the 2k needed to get a new car you would have around 5k atleast, which is enough to get a fairly reasonable second hand car. So if you had that kind of money available you could just get a better car anyway.

I dont plan to use anything like this if it does come about, hence i said of my own money. However some people just cant afford the full amount by themselves, and if it has worked in other countries to get the car market going again they might aswell try it over here for a while aswell.

 

[Thomas. PLease.]

You could probably make some money out of this. Buy scrappy car 200 quid. get 2k from this organisation. Buy nearly new car for 20k or whatever. Sell said car straight away, keep 2k organisation has supplied.