8 Year-Old Vans Now Qualify for Scrappage Deals
The terms of the Government’s revised scrappage scheme, which includes provision for replacing vans, comes into force today (22 October). In September it was announced that an extra £100 million was proposed for the Government’s scrappage scheme bringing the total budget to £400 million and covering up to 400,000 vehicles in total. The scheme will end in February 2010 or when the funding runs out, whichever is sooner.
The key change to the policy is that van owners looking to trade in their vehicles will now be able to scrap their 8-year-old van instead of the previous 10-year requirement. Car owners must trade in vehicles registered on or before 29 Feb 2000 (V registration).
Arguably sounding like the nation’s biggest second-hand car salesman, business secretary Lord Mandelson said: “Consumers and businesses looking for a new vehicle should make the most of the scrappage scheme now…but it has to end when the funding runs out.”
The small print
To ensure all 10-year-old cars will qualify for the scheme, the date by which vehicles must have been registered in the UK to qualify for the scheme will be changed to 29 February 2000 (V registration) except in the case of vans where the date will be changed to 28 February 2002 (Y registration or earlier, or new style number plates where the 3rd and 4th digits of the registration number are 51)
Trade in must be:
- A passenger car or small van not exceeding 3.5 tonnes
- Registered in United Kingdom on or before the qualifying date (29 February 2000 for cars or 28 February 2002 for vans).
- Currently registered with DVLA or DVA to the registered keeper making the application
- Registered to the customer continuously for 12 calendar months before the order date of the new vehicle
- Have a UK address on the registration certificate (V5C)
- Have a current MOT test certificate before the date of order for the new vehicle, or one that has expired no more than 14 days before the order for a new vehicle was placed
- A tax disc that has expired within 14 days of the order and insured