Since I heard that the government was introducing a scrappage scheme to encourage people to trade in their old cars for a newer model I have watching with interest. My car has now reached the 20 year old mark and its a miracle every year when it gets through the MOT. I would happily trade my car in a for a newer one, the only thing that is really stopping me is that I simply cannot afford to get a new car. I was hoping that the government scheme might give me an extra little bit of help to be able to purchase something a little newer, perhaps a car that is only five years old rather than twenty. It appears, however, that the scheme only allows you purchase a car that is less than a year old. I have been looking around at the prices of new cars and even if I were to purchase one with finance it is simply too expensive. I don’t want a particularly big car perhaps a Ford Fiesta or similar but prices of these start at around £12,295. It looks as though my car will be on the road for some time yet whilst I continue saving for a newer one.
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The opinions expressed herein are my own personal opinions and do not represent
my employer's view in anyway.