Scrappage scheme: all the latest offers
The Government may offer a £6000 scrappage incentive, and many car makers are already offering up to £5000 off new cars. Here are the latest discounts...
The Government is considering launching a new car scrappage scheme in July offering those who trade older petrol and diesel cars for new hybrid and electric models an incentive of up to £6000, according to various reports.
The incentive is aimed at increasing the take-up of vehicles with low CO2 emissions and to help boost the economy after the coronavirus lockdown. Sales of new cars were down by 97% year-on-year in April and 89% in May.
The first report of the new scrappage scheme was reported in the Telegraph, with the prospect of an announcement on it being made by Boris Johnson on 6 July as part of his coronavirus update to the nation.
It is likely to be similar to the 2009 Scrappage Scheme, which offered £2000 off a new car to anyone scrapping one that was at least 10 years old; £1000 came from the Government and £1000 from the car maker. That incentive lasted for 10 months and resulted in nearly 400,000 new cars being sold.
Some car makers are already offering scrappage discounts to encourage motorists to trade older cars in for new, more efficient models.
To qualify for the schemes the car you're trading in must comply with Euro 1-4 emissions standards, which generally means it will have been first registered before 31 December 2009, although some schemes have been extended to cover newer cars, too.
Euro standards set the emissions limits for new cars; the first, Euro 1, was introduced in 1992. You can check the Euro emissions standard of your car using this website https://www.gov.uk/co2-and-vehicle-tax-tools.
Click on to the following slide to find out what the city of London is offering...
The Capital's scrappage scheme
London mayor Sadiq Khan introduced a car scrappage scheme in October 2019 providing a discount of £2000 off a new car to help 'low-income' motorists to switch to less polluting cars and avoid having to pay the £12.50 daily charge when the Ultra Low Emission Zone (ULEZ) is expanded in October 2021.
Eligible cars are petrol ones that are Euro 4 compliant (generally older than 2005) and Euro 6 diesel cars (first registered before September 2015).
It's estimated that more than 2.5 million cars will incur the ULEZ charge when the zone is increased to encompass the entire area between the North and South Circular roads. The daily fee for driving a pre-Euro 3 petrol car or a pre-Euro 6 diesel equates to £87.50 a week or £4550 a year.
Khan announced a £23 million scrappage scheme for vans in 2018, so this new £25 million incentive brings the total amount available to the capital's motorists up to £48 million.
Click on to the following slide to find out what car manufacturers are offering...
Swap your older car for a lower emission new one and you'll qualify for a Swappage Scheme discount of £4000 off the new car. This offer applies to almost all new Citroën models, including the C3 Aircross, C4 Cactus and C5 Aircross. The discount on the C1 city car is £2750. The offer only applies to cars that are in stock at dealerships.
New cars must be ordered and registered before 31 May 2020. All Swappage vehicles must have been owned for more than 90 days, and registered in the UK before 1 January 2014.
Not all traded-in cars will be scrapped, but those that are will be collected and disposed of by CarTakeBack.
Citroën's offer can be used in conjunction with the means-tested London scrappage scheme by residents of boroughs that will be in the new Ultra-Low Emission Zone to get a further £2000 off a new car.
Trade-in cars must have been registered on or before 31 March 2014 and must have been owned by the buyer, or their spouse or sibling, for more than 90 days. The new vehicle must be ordered by 1 June 2020 and registered by 1 September.
Buyers can get up to £5000 off a new Hyundai when they trade in their older petrol or diesel car. To qualify, cars must have been registered before 1 July 2012, meaning they conform to Euro 5 standards or lower.
The most polluting vehicles – those that comply with Euro 1-3 standards – will be scrapped under Hyundai's scheme, while owners of Euro 4 and 5 cars can trade in their cars instead, receiving a residual value calculated by used car experts CAP.
Hyundai's discounts are in lieu of any other offer and apply to new cars registered before 30 June 2020.
The full list of Hyundai discounts is below:
- Hyundai i20 (except Play) – £2400
- Hyundai i20 Play - £900
- Hyundai i30 (all 5dr, Tourer and Fastback models) – £3500
- Hyundai i30 N Line (5dr) – £2500
- Hyundai i30 N (250 PS) – £2000
- Hyundai i30 N (275 PS) – £2500
- Hyundai Ioniq (except Electric) – £3000
- Hyundai Kona (except Electric models) - £2500
- Hyundai Kona Play - £2000
- Hyundai Tucson (except N-line) – £4000
- Hyundai Tucson N-line – £2500
- Hyundai Santa Fe – £5000
Buyers can get up to £2500 off selected new Kia models when they trade in their older petrol or diesel car. To qualify, trade-in cars must have been registered before 31 March 2013, meaning they conform to Euro 5 standards or lower.
To qualify for Mazda's scheme, your petrol or diesel car must have been registered before 31 December 2011. When you trade it in, you'll be given up to £6000 off the price of a Mazda that emits less than 143g/km of CO2. The discount will be offered whether you pay with cash on a PCP finance deal, on cars registered by 31 March 2020. Scrappage cars must have been owned for at least 60 days.
MG’s Swappage scheme enables buyers to get £2000 off a new MG3, or £3500 off an MG ZS, when they trade in a car registered on or before 31 March 2013 that they’ve owned for at least three months. The offer applies to cars bought with cash and on finance and is valid for cars registered by 30 June 2020. The offer is available on all trim levels except Explore.
Nissan's Switch Up scheme offers up to £5000 for buyers trading in eligible cars, which must have been first registered before 20 December 2012 and registered in the customer's name for at least 90 days. The offer runs till 30 June and is available on all trim levels except Visia.
If you're after a new Renault you could get up to £3000 off with the French brand's New for Old scrappage scheme. To be eligible trade-in cars have to be first registered before 31 March 2014 and owned by you for at least 90 days.
Toyota’s scrappage scheme applies to cars first registered by 30 September 2012 and owned by the current owner for at least six months. The initiative is for cars purchased before 30 September 2020. Buyers can save up to £2500 off cars and £4000 off the van and pick-up range.
- Toyota Aygo – £2000
- Toyota C-HR Hybrid - £2000
- Toyota Camry Hybrid - £2000
- Toyota Corolla Hybrid - £2000
- Toyota GT86 - £2000
- Toyota Land Cruiser - £2000
- Toyota Prius - £2000
- Toyota RAV4 Hybrid - £2000
- Toyota Supra - £4000
- Toyota Yaris (excluding Hybrid) - £2500
- Toyota Yaris Hybrid - £1500
- Toyota Hilux - £4000
- Toyota Proace - £3000
- Toyota Proace Verso - £3000