Nubs doubled in price

[Andyc]

After the news today Nub as now doubled in price

[Dave1800BDA]

After the news today Nub as now doubled in price

has scrap prices gone up mr c

[Andyc]

has scrap prices gone up mr c

No Dave as its all fibre glass
Car scrappage: Richard Hammond asks if £2k government scheme is a good deal

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By Richard Hammond 18/05/2009

If the car-scrappage scheme is successful then loads of jobs in the industry will be saved - and that's a very good thing.
As long as a motor is more than 10 years old, with insurance, tax and an MoT, and you've owned it for 12 months, then you could be quids in with a discount of at least £2,000 on a new car.
Lots of smokey old bangers will be turned into saucepans and the world will be a cleaner place.
I'm a bit worried about classic cars. Of course no one is going to scrap a priceless Bugatti but what about the classic cars of the future? Perhaps clever entrepreneurial types are already squirreling away an old Nissan Bluebird in the hope one day it will be the only one left and worth a packet.
But even if the last Nissan Bluebird is scrapped, it's a small price to pay for saving the car industry.
After lobbying from the Society of Motor Manufacturers and Traders, the Government finally decided to follow Germany and introduce the carscrapping scheme which starts today.
They're throwing a grand into the kitty and the car manufacturers are stumping up the other thousand quid.
The scheme runs to March 2010 or until the £300million allocated by the Government for it runs out.
So, is this scrapping scheme a good idea or not? The reason that car sales have fallen off a cliff is that at a time when many people are nervous about their jobs, the sensible plan of action is to do a bit of belt tightening. Even with a couple of grand knocked off its price, a new car is still a big purchase for most people. If you've not got £8,000 to spend on a new car then I can't see reducing that figure to £6,000 is going to make a huge difference because it's still a lot of cash.
And the scrappage scheme implies that a 10-year-old motor is worthless. Actually it isn't. Well looked after, small cars with economical engines are worth rather more than your recycling bin.
Yes, there are some old crates on the road that you wouldn't swap for a rusty bicycle wheel but there are many more that are worth £1,000-£1,500, that can be sold on Ebay or in Autotrader. With this money in your hand you can then go and do what people always did before a car-scrapping scheme: some very hard bargaining at your local car showroom.
There are always good deals to be had and you should be able to knock a car salesman down.
Quite often they're desperate, for example, when a car is about to be replaced with a new model. Late last year the Vauxhall Insignia replaced the old Vectra. Not surprisingly you could pick up a brand-new Vectra for silly money.
The German version of the scheme allows new cars and those up to one year-old to be bought. This makes a huge difference.
The really canny car buyer always purchases motors that are a year or so old that have depreciated by several thousand pounds.
If your old clunker really is on its last legs you will save much more than £2,000 if you buy a good secondhand car. It's pretty obvious.
But my motto is: "Don't rush to crush". You might, after all, prefer to stick with your trusty old banger.
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Q & A: Scrappage explained
Can I just go and buy a banger and chop it straight in?
No, you need to have owned the car for at least 12 months. How old must it be?
More than 10 years old, though some manufacturers - Nissan, for example - are allowing cars of eight years old.
Does the old car need to work?
It must have a current MoT and not be an insurance write-off or owned by a finance company.
Can I put two cars in?
Yes, but only one per new car - so you can't bring in two wrecks and get £4,000 off the new car.
Can I buy a nearly new car?
Sadly not, unlike in Germany.
Can I hand in my old car and buy a new one for my daughter?
Yes, but you will have to register the new car in your name, because the old and new cars' V5 (registration document) must have the same names on them. Later you can transfer the car to your daughter.

[ambls]

thought so

[graham John]

After the news today Nub as now doubled in price

thatll be because of the janspeed then Andy............


cheeRS