If you’ve been thinking about a new car, this could be the time to do something about it. In yesterday’s Budget, the chancellor announced a £2,000 discount on the price of a new car for those with a car to trade in that’s at least 10 years old.
The car scrappage scheme is similar to ones introduced elsewhere in Europe, such as in Germany, where in March it helped to lift car sales by 40%. But while the UK scrappage scheme will help to protect the UK motor industry, scrappage deals will also play a role in encouraging people to trade up to newer, safer and more economical cars.
Toyota is participating in the scheme, the details of which are yet to be finalised.
Commenting on how scrappage discounts would help potential buyers of Toyota’s British-built family car, the Auris, Toyota managing director Miguel Fonseca said: “By leveraging the benefits of local production we can make Auris affordable for customers who need a family car.
“I am also very keen to use this incentive as much as possible to the benefit of British workers,” he added.
If you want to keep up-to-date, visit our car scrappage page, where you can sign up for further updates and information.