Wednesday, 18 October, 2017

Volkswagen to Brits: We'll pay big bucks for your diesel clunker

Renault Kadjar- front Volkswagen to Brits: We'll pay big bucks for your diesel clunker
Mae Harvey | 02 September, 2017, 01:08

The firms join Ford, BMW, Mercedes-Benz and Vauxhall, who have all announced similar schemes in recent weeks, together accounting for around two thirds of the new auto market in Britain.

The new scheme, which will start on Friday and run through to December 31, will apply to Audi (ETR:NSU), Seat and Skoda brands as well as Volkswagen own brand cars.

This offer can be used on top of any other offers from the dealer/manufacturer/finance company.

Toyota said it was offering up to £4,000 for buyers of a Land Cruiser, adding: "We go to great lengths to make sure [the old] vehicle is scrapped in the greenest possible way, with everything which can possibly be recycled being extracted by experts".

The VW Group has also confirmed that vehicles traded in under its scheme will be scrapped and not sold on.

Nissan, whose offer is not a scrappage scheme but a swap, is encouraging a switch to electric vehicles such as its UK-built Leaf, offering discounts of up to £2,000 plus the trade-in value of the older vehicle.

The schemes come after faltering new auto sales, which have dropped off in the United Kingdom after years of growth.

The scheme is open to both petrol and diesel vehicles until the end of the year, and can save motorists between £1,500 and £5,000 on a new Hyundai.

Fuel prices poised to rise due to Harvey
Retail gasoline prices have started to rise, too, with the average gallon of gasoline rising 1 cent overnight to $2.38 nationally. October West Texas Intermediate crude fell 48 cents, or 1%, to settle at $45.96 a barrel on the New York Mercantile Exchange.

Who is Davide Zappacosta? Chelsea's £23m deadline day bid accepted by Torino
A move for Juventus' Alex Sandro came to nothing - even though Chelsea were supposedly prepared to pay £60m for the star. Blues boss Antonio Conte has been chasing a new right wing-back all summer and he nearly landed Alex Oxlade-Chamberlain.

Can Eagles now beat Cameroon when it matters most?
When the two teams last clashed at the Edmond Machtens Stadium in Brussels in October 2015, the Eagles ran away 3-0 winners. Mikel Obi insists that even though he has played in a World Cup before, he remains highly motivated to go again.

It's notable that this flurry of scrappage schemes has been launched as new, tougher emission testing comes into effect across Europe.

BMW's "lower emissions allowance" offers discounts to drivers who trade in a pre-Euro 4 engine (pre-January 2005) diesel vehicle that they've owned for at least 12 months.

The automaker is offering up to £6,000 ($7,750) to Brits who are willing to buy a shiny new Volkswagen vehicle and send their old diesel clunker to the scrapyard.

Provided they have owned their auto for at least 90 days, customers could get £5,000 off a new Santa Fe SUV or £2,000 off an Ioniq Hybrid.

In the case of an electric Golf the grant sum involved swells to €14,000 when combined with existing SEAI grants and VRT rebates.

Combined with existing manufacturer offers, buyers could save up to £3,600 off the all-new Micra hatchback, or £5,000 off the X-Trail large SUV, if the auto is switched between 1 and 30 September 2017, and the new vehicle is registered by January 2018.

Interest-free hire-purchase finance and two years' free servicing are also offered on auto purchases.

Its scheme operates until 31 December 2017.

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