Classic car owners planning to benefit from the scrappage scheme have been advised by the organisers of the Classic Motor Show to find out the true value of their vehicle before trading it.
The organisers of the event, held at Birmingham's NEC, warned motorists that vehicles from the 1960s, 70s and 80s could fetch more money if sold rather than traded in for a new model under the scrappage scheme.
A spokesman for the show said: "While the scrappage scheme might be an effective way of stimulating new car sales it's likely that some cars finding their way into the scheme might actually be worth more than the scrappage value offered."
"It's definitely worth anyone who's considering using the scheme to take a close look at prices on classic car-related websites first."
He added: "There are lots of websites and magazines where you can advertise classics for sale and often they don't charge a penny to do so."
Meanwhile, collectors of historic vehicles, who are not influenced by the scrappage scheme, have argued that the environmental impact of building new cars negates the benefits of driving a newer model over a vehicle's lifetime.