Scrappage Scheme Enters Exit Phase
24 February sees the popular UK government/OEM scrappage scheme enter its final phase. Car manufacturers have now been allocated shares of about 50,000 potential further orders based on brand popularity by the Department for Business, to help ensure a smooth closing of the scheme. In a statement business secretary Peter Mandelson reminded would-be car buyers to take advantage of the scheme before it closes.
The scrappage scheme will end when the budget for runs out or at midnight on Wednesday 31 March 2010, whichever is the sooner. According to the Department for Business, the government scrappage scheme will not be extended. But that won’t stop a number of manufacturers offering good deals to customers outside of the “official” scheme.