GOVERNMENT SCRAPPAGE SCHEME (APRIL 2009)

The government introduced a Scrappage Scheme in the Chancellor‘s budget in April 2009. The scheme enables you to scrap your current (10+ year old) vehicle and receive £2000 towards a new car of your choice.

The key features of the scheme are as follows:

• Starts 18th May 2009
• The vehicle must be over 10 years old (Registered on or before the 31st August 1999),  have a current MOT and been in your ownership for one year
• On scrapping your vehicle you will receive £2,000 towards a new vehicle.
• We (Anthony Betts Motor Group) will take care of all paperwork and scrapping of your vehicle
• Claims are strictly limited, the government will set aside a £300 million fund for the scheme and the scheme will end 28th Feburary 2010 or when the Government fund allocation runs out if sooner
• Full scheme detail below

There has never been a better time to buy NEW CAR

• VAT still at 15%
• Interest rates at a record low
• Lower CO2 emissions = Road Fund licence from £35
• A new car is safer and more reliable
• Reduce your running costs
• Save money with better fuel economy
• Worry free motoring with a 3 year warranty
• Peace of mind with breakdown recovery

Full Scheme Detail

Who can purchase a car on the scheme:

An individual who is the registered keeper of an Old Vehicle and has been so for the preceding 12 calendar months before the date that he contracted with a Dealer to acquire title to a Vehicle and agreed for an Old Vehicle to be Scrapped
Qualifying vehicles to be scrapped – criteria

A vehicle which:

• is a passenger car (M1) or light commercial vehicle not exceeding 3.5tonnes (N1 class 1)
• was first registered in United Kingdom on or before 31 August 1999
• has a current tax disc and a current MOT certificate or has a current tax disc and a current Hackney Carriage Licence or has a MOT certificate which expired earlier than 14 days before the date of the contract between the Purchaser and Dealer for the acquisition of title to the Vehicle by the Purchaser
• is not an insurance write-off
• the Purchaser is the registered keeper
• is not subject to any finance arrangement
• the Purchaser has agreed will be Scrapped upon delivery of the New Vehicle to the Dealer

Qualifying vehicles to be bought – criteria

A vehicle which:

• is a passenger car (M1) or Light Commercial Vehicle not exceeding 3.5tonnes (N1 class 1)
• is first registered in the United Kingdom on or after the 18th of May 2009 and to be declared new at first registration in the United Kingdom with no former keepers
• is a EU specification vehicle, i.e. it has an EC Whole Vehicle Type Approval Certificate of Conformity
• is the subject of a contract between a Purchaser and a Dealer for the acquisition of title to the vehicle by the Purchaser, such contract having been entered into after  the 18th of May 2009 and prior to 28 February 2010

All Mitsubishi, Suzuki, Perodua and MG Vehicles qualify under the scrappage scheme.

Duration

• Start: 18th May 2009
• End: 28th February 2010 or when funds are used up if earlier

When a vehicle is scrapped:

The an Old Vehicle is sent to an Authorised Treatment Facility and accepted as an End of Life Vehicle and a Certificate of Destruction is issued

• £2,000 discount for consumer
• Based on £1,000 from government and £1,000 from vehicle manufacturer / franchise
• Discount would apply to any model from Mitsubishi, Suzuki, Perodua and MG who have all confirmed their participation in the scheme.
• The discount applies to the vehicle list price plus factory fitted extras plus VAT

Please note: The government scheme will operate from the 18th May until the end of February 2010 or until the government budget of £300 million available for the scheme is used up. Judging by the initial reaction and the number of advance orders we have already taken we personally expect the budget to be used up well in advance of February 2010. Furthermore we expect that our manufacturers may have an initial supply problem given the advance orders that we are experiencing. All orders excepted subject to exact confirmation of the scheme terms which we expect to receive shortly from each of the manufacturers we represent. All deposits refundable should the exact terms differ from those stated above.