In my view the car scrapage scam just encourages people get in more debt.England has been hit hard by the credit crunch,jobs going down the drain,companies going bust so what do the government come up to inject money in to the economy a scrapage scam.
Joe Bloggs has a old rusty banger worth until this started £0.00 now it's worth 2k ,so off he goes and gets a brand spanking new car putting him in debt which if his car was still worth £0.00 he wouldn't have bought a new or used car on HP.
In a few months the housing bills go up,he could lose his job or has his wages cut now he's in deep do do.
Now as he has no job the government give him money to live on,pay his rent etc .
Now he hasn't got a job and car gets taken back.So the government pay out twice putting the economy in deeper s**t.
The only good thing about the scrapage scam is we will be able to by a nearly new,low mileage,still under warranty car cheap from the auctions