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[Nickbat]

"Here's the deal. Your clunker has to get less than 18 mpg. If you trade it in on a new car -- imported or domestic, it doesn't matter -- that gets at least 4 mpg more than what you're driving now, you get a voucher for $3,500. If the mileage is at least 10 mpg better, you get $4,500 toward your new wheels."

...The idea is cleaner air, less gas consumption, a shot in the arm for the auto industry and an image upgrade for yourself -- all for the modest cost to taxpayers of $3.5 billion to $4.5 billion."  

http://www.capitolhillblue.com/node/17924

[Varche]

Rampant consumerism at its very best!

How long before you get £100 to bin a perfectly good Tv to buy a new one that uses less electric?

How about money off food that has travelled less air/road miles?

How about money off a new suit made from material that can be washed instead of dry clean only so long as you bin the old one?

I still think there is more "bad" to come out of the so called crisis. It is a vast bubble on the point of further global collapse.

El Varche

[KillerWatt]

Ignoring the fact that we have already proved that cows alone are responsible for more CO in the UK than the 30 million cars on the road, just exactly where is the money going to come from to give to all the FOREIGN car manufacturers to finance this $hit?

Heres the figures....

The government has earmarked £250 million for this brainwave

£5000 per new car buyer = 50,000 cars before the (TAXPAYERS) money runs out.....there are already 30 million cars on the road.....

I'll leave you to do the math on the shortfall.

It's nothing more than a bit of lip service to the thick green brigade.

[Grumpy]

In my opinion, the government won't lose any taxpayer money
on this, in fact they should make money on any car above approx
£6700 because the 15% VAT will exceed the £1000 bounty.

The folk who don't have a ten year old car either will or won't
change their cars as is their want. The idea is to stimulate new
sales from folk who wouldn't normally look at a new car.

Whether the folk who normally run old cars will have the money
to buy new without taking on, what is for them, a large debt, is
debatable. As I and many others have already said, the huge
hit you take in capital depreciation as soon as you drive the new
car off the forecourt will dwarf the £2000 bounty, so the sensible
option will always be to buy a 2 or 3 year old car with a discount
from a dealer desperate for sales.

Just my tuppence worth.  

[KillerWatt]

In my opinion, the government won't lose any taxpayer money on this, in fact they should make money on any car above approx £6700 because the 15% VAT will exceed the £1000 bounty.

It's £5K the buyer is being offered.
The dealer/manufacturer isn't going to drop the £5K...so it's coming from the taxpayers pocket and going to the first 50,000 buyers who want a Toyota "Pious" that gives less MPG than a 5 series Beemer (proven fact).

so the sensible option will always be to buy a 2 or 3 year old car with a discount from a dealer desperate for sales.

You get zilch from the government if you buy secondhand...the "bounty" only applies to new car sales.

[Grumpy]

In my opinion, the government won't lose any taxpayer money on this, in fact they should make money on any car above approx £6700 because the 15% VAT will exceed the £1000 bounty.

It's £5K the buyer is being offered.
The dealer/manufacturer isn't going to drop the £5K...so it's coming from the taxpayers pocket and going to the first 50,000 buyers who want a Toyota "Pious" that gives less MPG than a 5 series Beemer (proven fact).

so the sensible option will always be to buy a 2 or 3 year old car with a discount from a dealer desperate for sales.

You get zilch from the government if you buy secondhand...the "bounty" only applies to new car sales.

The only offer I've read is of £1000 from the government for scrapping
a car, and at least £1000 matching offer from the dealer over and
above any of their other incentives. If you know any different please
post a link.

With ref to the bounty only on new cars, that was my point. It's more
 cost effective to buy secondhand than new when you take into
account the effect of depreciation from new and the offers currently
available on nearly new cars.
Depending on how much credit they take out to buy their new cars,
some folk will find themselves in negative equity as soon as they drive
off the forecourt.

[Grumpy]

http://www.autotrader.co.uk/EDITORIAL/CARS/FEATURES/get_2000_pounds_off_your_next_car.html

Above is a link that explains the scheme in case anyone has
read an incorrect article by an incompetent journalist that may have
been misleading them. Or, in fact, an over-egged account by a dealer
trying to drum up business with a typical advert that is somewhat
economical with the truth.