The first car scrappage schemes were launched in 2009. The UK Government offered drivers a £2,000 incentive for trading in cars over 10 years old for newer, more environmentally friendly ones.
led to an increase in car sales
helped stimulate the manufacture of modern, less polluting cars
although the government incentive ended car manufacturers are still offering car scrappage trade-in deals
The past couple of years have seen a wave of so-called scrappage schemes from manufacturers in the wake of a wider focus on vehicle emissions.
In 2017 a more generous scrappage scheme as part of the UK government’s Clean Air Plan were announced.
the plans would offer up to £8,000 towards the purchase of a new eco-friendly car.
the scheme was scrapped in the final proposal in favour of plans to ban the sale of new petrol and diesel cars by 2040
a draft plan for a Government-backed new car buying incentive scheme designed to stimulate sales and protect jobs in the wake of the 2020 coronavirus crisis was drawn up but nothing was finalised
In order to comply with plans to scrap emissions some manufacturers stepped up to offer thousands off a new car when trading in an old one, but many of these schemes are now closed.
The various scrappage schemes offered by manufacturers each have their own terms, conditions and benefits.
Buyers can get up to £2,000 off selected new Kia models when they trade in their older petrol or diesel car. Buyers are being offered a £1,500 scrappage incentive against the Picanto or Rio and £2,000 for the Stonic. To qualify, trade-in cars must have been registered before 30 September 2013, meaning they conform to Euro 5 standards or lower. The scheme ends at the end of September 2022
Renault is offering up to £2,000 off with its New for Old scrappage scheme. To be eligible you must have owned the trade-in car for at least 90 days. New cars need to be ordered by 3 October 2022 and registered by 31 December.
Examples include the Renault Clio, £500 and the Renault Captur, £2,000.
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.
Getting a deal on your trade in can save you money but there are other things you can also do to reduce the cost of your car insurance.
There are some things you can do that may reduce the cost of your car insurance:
Having a black box fitted
Lowering your mileage
Parking in a private driveway or garage
Considering a multi-car insurance policy
Choosing a car from a low insurance group
Having a black box fitted means your driver behaviour is monitored. The telematics box reports on how you accelerate, brake and negotiate sharp bends as well as what time your drive and on what sorts of roads.
The data is analysed, and if your scores are positive, your car insurance may be discounted over time.
If you drive fewer miles in a year this could result in a lower car insurance premium.
Parking in a private driveway or garage can also attract a discount. Car insurers may take into account where you park, depending where you live.
If your driveway is cluttered with cars, you may want to consider a multi car insurance policy
The lower the value of the car and the cheaper it is repair, the less car insurance you may have to pay.