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[STMO123]

A scheme that could see car buyers handed up to £2000 is under consideration by the government in a bid to get new car sales moving.

Under the plans owners of older cars - typically those more than 10 years old - would be handed discounts on new models. German car buyers already enjoy a £2100 contribution when they trade-in an older car, while Spanish buyers are entitled to a £10,000 interest-free loan. The German dealers' organisation, ZdK, claims that this helps 200,000 more people into new cars.

The French Government began a similar system in December last year. They are offering a bonus of €1000 for people scrapping cars at least 10 years old and replacing it with a new car with carbon dioxide emissions less than 160g/km.

Society of Motor Manufacturers and Traders spokesman, John Procter said: "This is something that we are currently looking at and we have been looking at similar schemes across Europe to decide which would be best for the UK. If we were able to come up with a suitable scheme then it could be a double whammy for the Government in terms of car emission targets.

"The main thing for us to look at is that it would have to be sustainable and not create a spike in demand to then go down again. Our primary concern is to get new car sales up and get consumer confidence up again."

Simiar incentves are also being used in Austria, Greece, Italy, Portugal and Romania.

The proposed Scheme has also been backed by the Retail Motor Industry Federation, RMIF, and the British Vehicle Rental and Leasing Association, BVRLA.

[MV6Matt]

....be interesting to see how it progresses here.
Can you see the UK granting £10.000 interest free loans to help get people into new cars....................(so that's why so many folk move to Spain )

I don't think Mr brown can afford it can he?

Matthew

[ballcock50]

How can it be ecological to scrap a good car just because it is over a certain age. the goverment has spent ages trying to stop people buying lots of new cars now we have this credit crunch they are trying to get people buying again.

[bertiecbx550]

Yeah right and where do i get the other few thousand from??? Older cars are essential to people like me who cant get loans for 1 reason or another... And i cant see em letting you buy a motor for the £2000 grant either  

[Kevin Wood]

It would take more than 2K to persuade me to suffer the depreciation of buying a new car and watching my investment disappear down the toilet as soon as I drive it off the forecourt. Mug's game.

Kevin