Still time to replace those vehicles.
Scrappage scheme extended
Published: 06 October, 2009
UK: The Government has announced that the Car Scrappage Scheme has been extended and will fund another 100 000 vehicles. This will bring the total budget to £400m covering up to 400 000 vehicles in total.
In conjunction with the increased funding, the rules of the scheme have also been amended to boost the benefits to drivers. The scheme will now include vans registered on or before 28 February 2002 (over eight years old instead of the previous 10).
The car qualification will be extended by six months to include cars registered on or before 29 February 2000.
To help members take full advantage of the extended car scrappage scheme, BHF Finance continues to retain low vehicle loan rates.
John Collins, joint managing director of BHF Finance commented: "Environmental benefits and increased VAT revenues apart, non-retail consumer spending is in need of a boost and, although this extension is only scratching the surface, it does further consolidate the bargaining strength of a new car buyer."
For more details about the car scrappage scheme, visit the BHF website.
For updates on car scrappage itself, visit the scheme's site.