Old car = £2000

[CardShark]

I take it all ya'll english folk have been following this.

So if I buy a brand new car I get £2000 for my old one, which is a massive profit in my opinion as the car cost very little in the 1st place!

But where as I was considering a £7000 car used.
Though if I buy a new car I want its £18k!

What is the point?

16k or 7k hmmm... I dont give a shit how much I'm getting for my old car a newish used car is BLOODY CHEAPER!!

So then after people buy all their new cars and take out loans for it then in 2 years or whatever it is they will raise taxes on EVERYTHING (literally :p) those people wont be able to afford to pay for their new cars.

To me it doesn't work but I only have a small insight.

[marshlander]

Must admit it strikes me as more financial froth. The scheme would never make a difference to me since I don't buy new cars. The most interesting bit about it is the name. Who on earth came up with "scrappage"?