• UK: Ford announces scrappage scheme for pre 2010 cars
    33 replies, posted
[QUOTE]Ford is the latest car company to launch an incentive for UK consumers to trade-in cars over seven years old, by offering £2,000 off a new model. Unlike schemes by BMW and Mercedes, which are only for diesels, Ford will also accept petrol cars. All of the part-exchanged vehicles will be scrapped, Ford said, which would have an "immediate positive effect on air quality".[/QUOTE] [url]http://www.bbc.co.uk/news/business-41005208[/url]
Or, sell it to someone else and get more money on top of helping someone else out with cheap transporation. What an awful scheme.
£2,000 isn't a lot of money at all when a generic family coup is still over $10,000.
[quote]by offering £2,000 off a new model.[/quote] yeah here's 2000 pounds for this car you got for 3000 pounds, now go buy a car thats 13000 pounds that won't be as good as the one you might've had before ;) I can't even see people doing this with a car that's now worth 1000 pounds, since you only get a benefit for buying a completely brand new car.
If only the deal stscked. Buy a bunch of old ass £500 fords, exchange them for a brand new car.
[QUOTE=Mr. Someguy;52599392]£2,000 isn't a lot of money at all when a generic family coup is still over $10,000.[/QUOTE] It's not bad if you can get £2k for a car you'd struggle to sell for a grand. I'd seriously consider this if i was the in the market for buying a car. I don't think my car is worth £800, if i could get rid of it for more than what I'd get in a private sale without the hassle of a private sale then i would
I got a 2007 Ford Fiesta. I checked Fords website and could not find a single build I would like to drive for a Fiesta.
Buying cars new sucks anyways. You're better off buying a used car that's a few years old with low miles and has had good upkeep. You'll save thousands and have something that's still good as new.
[QUOTE=LSK;52599567]Buying cars new sucks anyways. You're better off buying a used car that's a few years old with low miles and has had good upkeep. You'll save thousands and have something that's still good as new.[/QUOTE] but..think of the air maaaan
electric cars era is coming . Maybe they need to recycle the old cars to build the new ones. People waste so much materials
[QUOTE=Mr. Someguy;52599392]£2,000 isn't a lot of money at all when a generic family coup is still over $10,000.[/QUOTE] Cars devalue very fast, a $20,000 car with 80,000 miles is going to have its value virtually cut in half. Its also good to point out that Ford is accepting all brands of cars to exchange, not just Fords.
So if I buy a bunch of old fords that don't run for about $200-800 each, will Ford give me $4000 AUD(2000 GBP) for each of them? So I can save a ton of money on a new car?
[QUOTE=RoboChimp;52600015]So if I buy a bunch of old fords that don't run for about $200-800 each, will Ford give me $4000 AUD(2000 GBP) for each of them?[/QUOTE] Nope, that much off buying a new car. I doubt it's cumulative either.
[QUOTE=LSK;52599567]Buying cars new sucks anyways. You're better off buying a used car that's a few years old with low miles and has had good upkeep. You'll save thousands and have something that's still good as new.[/QUOTE] While that may be true, you're not thinking big enough. Someone needs to be buying new cars otherwise the auto industry would collapse, and there wouldn't be any used cars to buy. If everyone only bought used cars what would be the point in manufacturers making new cars. We'd all spend our time trying to keep our 70 year old Austin 7s working
[QUOTE=Doozle;52600046]While that may be true, you're not thinking big enough. Someone needs to be buying new cars otherwise the auto industry would collapse, and there wouldn't be any used cars to buy. If everyone only bought used cars what would be the point in manufacturers making new cars. We'd all spend our time trying to keep our 70 year old Austin 7s working[/QUOTE] That's where leases come in.
[QUOTE=Cmx;52600072]That's where leases come in.[/QUOTE] And not everyone wants to lease a car. When you lease a car your monthly payments are lower than buying on finance but you end up in a cycle of always paying for a car. Once your term has finished you give it back and start a new lease. Point is offering a good trade in deal is better than nothing. Not everyone wants to pay for their car in the same way, not all people want to buy a used car much like most people don't want to buy a new car Fwiw I drive an inefficient 15 year old car that costs far too much to run. I'm probably going to buy a car that's around 4-5 years old
Scrapping schemes are always horrific for the used car economy. Just look what Cash for Clunkers did in the US.
I have a 2006 F150 that's still worth a little over $7,000 in its condition with the stuff it has. Yeah, no, even though I don't live in the UK, this deal is shit Ford. C'mon. How about instead, you offer 2000 quid over KBB value? Then you're not fucking people over quite as much. THAT would get people to trade in for newer models. [editline]22nd August 2017[/editline] [QUOTE=Trekintosh;52600243]Scrapping schemes are always horrific for the used car economy. Just look what Cash for Clunkers did in the US.[/QUOTE] What did Cash for Clunkers do in the US? I don't know anyone that was dumb enough to sell their car to those "get cash quick for your shit car" guys. [editline]22nd August 2017[/editline] [QUOTE=Cmx;52600072]That's where leases come in.[/QUOTE] Leasing is shit, dude. You're not allowed to modify the vehicle in ANY WAY, you never stop paying for a vehicle (you're throwing 100% of your money away rather than throwing away 50% of your money), and most dealerships put a cap on the # of miles you can drive in a year. Some as low as 10,000. My commute to work is a little over 10,400 miles a year. That puts me over that cap by 400 miles. That's NOT including running literally any kind of errand. No grocery runs, no haircuts, no dates, no sunday drives, and no vacations.
If I'm reading this right you get £2000 minimum for literally [B]any[/B] car registered before 2010 with a pre-Euro V engine. You could pull up in this car and get £2000 off a new one [t]http://i.imgur.com/IhCO0U3.jpg[/t]
[QUOTE=LSK;52599567]Buying cars new sucks anyways. You're better off buying a used car that's a few years old with low miles and has had good upkeep. You'll save thousands and have something that's still good as new.[/QUOTE] Really depends on the car you have and what you're buying. This is why you do research into a new car and see what is known to be the most reliable, has cheaper maintenance, what type of warranty and other factors. You can easily have a used car that is a few years old and end up being complete shit because of the person who owned it before. Buying used cars in my experience has been a 50/50 hit or miss situation. I've leased new cars and never had issues with maintenance and doing so with a lease if i find out the car has issues I can easily turn it in. [QUOTE=Snoberry Tea;52600399]I have a 2006 F150 that's still worth a little over $7,000 in its condition with the stuff it has. Yeah, no, even though I don't live in the UK, this deal is shit Ford. C'mon. How about instead, you offer 2000 quid over KBB value? Then you're not fucking people over quite as much. THAT would get people to trade in for newer models. [editline]22nd August 2017[/editline] What did Cash for Clunkers do in the US? I don't know anyone that was dumb enough to sell their car to those "get cash quick for your shit car" guys. [editline]22nd August 2017[/editline] Leasing is shit, dude. You're not allowed to modify the vehicle in ANY WAY, you never stop paying for a vehicle (you're throwing 100% of your money away rather than throwing away 50% of your money), and most dealerships put a cap on the # of miles you can drive in a year. Some as low as 10,000. My commute to work is a little over 10,400 miles a year. That puts me over that cap by 400 miles. That's NOT including running literally any kind of errand. No grocery runs, no haircuts, no dates, no sunday drives, and no vacations.[/QUOTE] Leasing isn't for everyone, does not make it a shit option. You can easily buy a car after you lease it, you do not have to turn it in. You can easily get leases with 15k mileage cap. You can modify the car, you just have to return it to its original state when you turn it in. If you turn it in. Leasing isn't for everyone, but for some people it is a good option.
[QUOTE=Snoberry Tea;52600399]What did Cash for Clunkers do in the US? I don't know anyone that was dumb enough to sell their car to those "get cash quick for your shit car" guys.[/QUOTE] It wasn't one of those. It was a large rebate on a new car for trading in your old car program run by the government. Cars taken in under the rebate had their oil drained and replaced with a sodium silicate solution, and then the engines were run at 2000 RPM until irreparable destruction, the scrap yard could not sell the engine or chassis, then the car had to be crushed. This removed vast amounts of used cars from the market, as well as large amounts of components that were destroyed by the scrapping program. At least 160,000 cars were destroyed in this program, including several exotic cars such as a GMC Syclone, LaForza, Aston Martins, TVR, Bentlys, Jags, Rolls Royces, and other fanciful things. Economics studies have been inconclusive on any positive effect on the vehicles, and environmental studies shown a mostly negative effect, as new cars would have to be driven for 5 years (trucks for 9) just to offset the carbon footprint of their manufacture, not even counting the amount of hazardous materials that had to be removed from the old cars, or the footprint of the crushing and transporting process, or the footprint of the other old cars that could be kept running by the parts these cars could never supply.
Luckily car enthusiasts are unlikely to scrap the cars I actually want to buy when I can afford them, Escort & Sierra Cosworth etc. People just can't afford to buy a new car outright, the majority of people I see with a relatively new car, including us have them on finance.
[QUOTE=LSK;52599567]Buying cars new sucks anyways. You're better off buying a used car that's a few years old with low miles and has had good upkeep. You'll save thousands and have something that's still good as new.[/QUOTE] I like my new. I feel safer and more comfortable driving it everyday than I did with my second-hand.
Oh great, Cash for Clunkers 2.0. I wonder how many classics are going to get scrapped this time.
[QUOTE=Snickerdoodle;52600659]Oh great, Cash for Clunkers 2.0. I wonder how many classics are going to get scrapped this time.[/QUOTE] Lots and lots of Land Rovers, shame.
[QUOTE=GhillieBacca;52600912]Lots and lots of Land Rovers, shame.[/QUOTE] You'd have to be a complete moron to scrap an older land Rover especially a defender, their value is rising quite a lot
[QUOTE=Snickerdoodle;52600659]Oh great, Cash for Clunkers 2.0. I wonder how many classics are going to get scrapped this time.[/QUOTE] Enough that no one would care regardless. They do not care about the used car shit. They're deliberately trying to get old shit cars off the road so people are more inclined to buy newer, safer, more efficient vehicles.
[QUOTE=Araknid;52601073]You'd have to be a complete moron to scrap an older land Rover especially a defender, their value is rising quite a lot[/QUOTE] You overestimate the intelligence of the kind of people who send fully functional cars to their deaths because Stacy's new Malibu is cool. [t]https://hips.hearstapps.com/amv-prod-cad-assets.s3.amazonaws.com/images/10q1/317428/a-tally-of-interesting-cars-killed-by-cash-for-clunkers-photo-317942-s-original.jpg[/t]
How much money was cash for clunkers giving for a car? [QUOTE=Code3Response;52601138]Enough that no one would care regardless. They do not care about the used car shit. They're deliberately trying to get old shit cars off the road so people are more inclined to buy newer, safer, more efficient vehicles.[/QUOTE] More like get people to spend money on a brand new feerrdd. I don't believe Ford give a fuck about the newer cars being more efficient or safer, rather they want people to buy their shit.
[QUOTE=Araknid;52601481]How much money was cash for clunkers giving for a car?[/QUOTE] From Wikipedia [quote]Depending on the type of car purchased and "the difference in fuel economy between the purchased vehicle and the trade-in vehicle", the amount of the credit given in the form of vouchers to eligible customers is either $3,500 or $4,500. New car dealers will be able to reduce the purchase price by the amount of the voucher for which that the customer is eligible.[/quote]
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