Many car manufacturers are offering car scrappage deals for 2018 — effectively trade-in deals for money off a new vehicle. But what’s behind the new trend for these schemes and how do the carmakers’ deals measure up?
2017 saw a wave of so-called scrappage schemes from manufacturers in the wake of a wider focus on vehicle emissions, with many carrying on into 2018. The government previously floated plans for a generous scrappage scheme as part of its Clean Air Plan, which would offer up to £8,000 towards the purchase of a new eco-friendly car. However, the scheme had been branded ‘toothless’ by critics, and was scrapped in the final proposal in favour of a new plan to ban the sale of new petrol and diesel cars by 2040.
Seemingly capitalising on the public’s appetite for a scrappage scheme and getting a headstart on getting high-emissions vehicles off the roads before the 2040 ban on traditionally fuelled vehicles, some manufacturers have stepped up to offer thousands off a new car when trading in an old one.
It’s not the first time a scrappage scheme has been offered to drivers — in 2009, a scheme funded jointly by the government and manufacturers offered £2,000 off new car purchases when trading in a car more than ten years old.
This time around, the various scrappage schemes offered by manufacturers each have their own terms, conditions and benefits. We’ve rounded up some of the most popular below:
Ford new for old scrappage scheme
Ford’s scrappage scheme offers up to £4,850 off a personal car when scrapping an old petrol or diesel vehicle, and discounts of up to £7,000 on commercial vehicles.
Various levels of discount are applicable to Ford’s Fiesta, B-MAX, EcoSport, Focus, C-MAX, Grand C-MAX and Kuga. Commercial vehicles include models in the Transit and Tourneo range.
To qualify for the new car discount, you need to trade in a vehicle registered before 1 January 2011, and it must have been registered to you for at least 90 days.
Deadline: New car must be bought before 30 June 2018
Example deal: £4,850 discount on a Ford Focus Titanium
Hyundai scrappage and emission reduction scheme
Hyundai is also offering significant discounts of up to £5,000 when trading in an old petrol or diesel car registered before 1 January 2011, as long as you’ve owned it for 90 days or more.
Hyundai will scrap your vehicle for a discount towards various models in its i10, i20, i30, i40, ix20, Tucson, Santa Fe or IONIQ ranges.
Deadline: New cars to be registered before 30 June 2018
Example deal: £5,000 discount on a Hyundai Santa Fe
Kia’s car scrappage scheme
Kia is offering up to £2,000 off its Rio, Picanto, Stonic or cee’d models when you trade in your old car.
Trade-in vehicles must have been registered on or before 30 June 2011 and owned by you for at least three months.
Deadline: New cars must be registered by 30 June 2018
Example deal: £2,000 off a new Kia Rio
Is the scrappage scheme worth it?
Remember that dealers might offer their own scrappage or trade-in schemes. Some of the offers might not be available on top of other customer discounts, so it’s worth weighing up if you might get more by haggling a better deal for your new car and scrapping or selling your current car elsewhere.