Scrappage extended to March 31st 2010
The Government’s Scrappage Incentive Scheme is to be extended by one month, it was announced.
Business secretary Lord Mandelson said the ‘cash for bangers’ scheme, which sees consumers offered a £2,000 grant to trade in vehicles more than 10 years old for new models, was announced in the April budget.
Scrappage will now end on March 31 or when the funding, totalling £400 million, runs out.
In all 38 manufacturers have signed up to the programme including Bentley and Rolls Royce, as well as mass market producers.
Lord Mandelson said: “Against the background of the economic downturn the scrappage scheme has proved a great success, driving UK car sales, protecting jobs and supporting the supply chain for car manufacture at a time when this sector needed it most."
“If you’re considering buying a new car, you should place your order as soon as possible to avoid disappointment, because the budget is strictly limited.”
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