The scrappage has profited manufacturers and dealers-not the general public. I have regularly bought new cars and these two deals can be compared for example;
2008 pre-scrappage deal-
Fiat Panda Active Eco 1.1 via Fiat supersaver; £4895 OTR-minus whatever you could sell your car for; say £500-
Total £4395.
2009 scrappage deal (best)
Fiat Panda Active Eco 1.1 now £6995 OTR minus £2000 scrappage for your car-
Total £4995.
So MORE expensive and due to the frenzy, limited colours, long delivery time etc etc.
The Panda is an example, but this was across the board. Some 2008 deals I found:
NEW Vectra 1.8 Exclusiv £8995 OTR inc metallic
NEW Vectra 1.9 120 CDTI £9995 OTR
NEW Zafira 1.6 Life £9395 OTR
NEW Fiat Sedici 1.9 Multijet Eleganza £9995 OTR inc metallic
NEW Hyundia Sonata 2.0 SE £8504 inc metallic
there were loads of cheap deals about, which were better than any scrappage discount around now....
When the scheme finishes, the demand will slow and new and used prices will drop again when manufacturers do not have a queue of starry eyed punters who just can't do the maths!
At least our Omegas have lost ALL their money and only cost us repairs and fuel.
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You've been a bit selective there haven't you? Every car you've listed is a dog! The fact is, any dealer selling quality vehicles would not need to offer a discount of £2k, let alone even more.
If you're all happy to keep on repairing/driving your old omegas for the couple of years of useful life they may have left in them that's just fine, but be aware you'll never be offered a £2k trade-in ever again. And before anybody goes on about the cost of servicing new cars in order to safeguard the warranty, bare in mind the fact that you won't need to pay for an MOT for the next three years, and that any repairs, other than the usual tyres, brake pads etc etc etc will be covered by a warranty for a decent length of time. Well worth it, in my opinion
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The Omega is car no. 87, have had 15 new cars over the last few years before cutting back. Depends on what you want-depreciation is the main cost of owning a car, but I have owned some new cars which have been more cost-effective than secondhand ones.
Yes, the car lists odd cars, but if German is your cup of tea the comparison still holds-car prices have risen to allow scrappage to be taken off whichever brand you are looking at-hence only examples.
In the long run, the scrappage will be phased out and interest in the market will die, supply and demand will once again equalise and then all deals will equal the current scrappage deals. The deal is made up of £1000 from government, £1000 from manufacturer anyway, so without scrappage you will still get the £1000 discount off most manufacturers and still be able to sell your own car.
I don't quite understand the reason for withdrawing the scheme soon, after all the VAT raised on new car sales more than covers the government contribution of £1000 anyway....
In some cases, scrappage is worthwhile (like your deal where you made £2250) but my point was that cars sold now with scrappage discount still cost more than pre-scrappage prices in 2008 as listed above so the frenzy is daft.
My most cost effective buy was a 2008/08 Daihatsu Sirion 1.0S, costing £6204 new (now £8499!!!), which I ran for exactly 12 months/12,000 miles and sold for £5500-so only £704 for a years (£58 per month) motoring including road tax, warranty, insurance and was sold before needing service, tyres or tax. At 55+mpg, this £58 per month was saved in fuel so the car was effectively free. In stark contrast, the Omega is expensive to run, repair and insure but we need the big car. Note 2008 and 2009 prices again.
Some interesting points amongst this, but mainly;
2009 scrappage prices more than 2008 deals
You can haggle without scrappage as £1000 of it is from mfr
Some people do well (your £2250)
Most do not look at the bigger picture of depreciation of the full price new car
Some base models were "deleted" and some cars have been made "unavailable" due to long waiting lists to avoid losses
It seems to work best if you have an old knacker and want to buy a hard to get, full price, non-discounted car (like a Golf TSi)and are not interested at all in haggling.
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Topic: further to my post of 13th (Read 3657 times)