Trading in your old banger could mean savings of up to £8,000 on a new low-emissions vehicle. We look at what’s on offer this year.
With the ban on new petrol and diesel vehicles set to take place in 2040, the pressure is on for people to consider driving more economical vehicles.
And with many people considering swapping their petrol or diesel for an electric model, a scrappage scheme might be an affordable option.
How do I take part in a scrappage scheme?
To apply for these schemes your car must comply with Euro 1-4 emissions standards. This usually means that it was registered before the 31st of December 2009. You must also have owned your car for over six months.
The emissions standard and age are listed below:
Euro 1 – 31 December, 1992 to 31 December, 1996
Euro 2 – 1 January, 1997 to 31 December, 2000
Euro 3 – 1 January, 2001 to 31 December, 2005
Euro 4 – 1 January, 2006 to 31 December, 2010
Euro 5 – 1 January, 2011 to 31 August, 2015
Euro 6 – introduced 1 September, 2015
Which dealers are offering scrappage schemes?
Currently there are a range of dealers that are offering scrappage schemes.
If you trade in your diesel car (Euro 1-4 emissions standards) you can save up to £3,500 on selected SEAT models. These are the SEAT Mii, Ibiza, Leon or Toledo.
If your car is registered before 2009 then you will receive £2,000 towards the new Nissan Leaf or other selected Nissan vehicles.
You’ll make the biggest saving on Mitsubishi’s Outlander PHEV with a whopping £4,000 off this model. The Mirage ASX also offers some excellent savings.
Audi is offering between £2,000 and £8,000 off selected models to people trading in there diesel cars only (Euro 1-4 emissions standards).
Ford has started a ‘new for old’ scrappage scheme. A saving of between £2,000 and £4,950 can be made when trading in your old vehicle for a new Ford car. Your car must have been registered before 1 January, 2011 to apply for this.
You can get 2,000 off models like the Kia Picanto or Rio for cars over seven years old.
£5,000 off is up for grabs on any new sub 130g/km Mazda. This is being offered to both petrol and diesel cars.
You can make a saving between £1,000 and £4,000 on selected Toyota models when you trade in your old vehicle. However it has to be registered before 1 April, 2010. You must also have owned your vehicle for over six months.
If your vehicle was registered on or before 31 December, 2009, you could save up to £6,000 towards a brand new Volkswagen. This can be used on some of its electric vehicles too.
These deals are subject to change, be sure to check the manufacturer’s website before you make any decisions.
What are the alternatives to scrappage schemes?
If you want to scrap your car, you can always take it to a registered scrapyard like CarTakeBack.com or ScrapCarNetwork. These will give you a quote on your vehicle based on a few factors. For more information, take a look at our article.