When the governments scrappage scheme was launched I was sceptical about how successful it would be. Whilst it has not persuaded me to purchase a new car it does appear to have met with some success. The scheme gives motorists £2,000 towards a new car if they trade in a vehicle over ten years old. According to this article more than 35,000 new cars have been ordered through the scheme since it was launched in April. However, only around 7,000 of these vehicles are likely to have been brought in British factories so its hard to gauge whether the scheme has had the intended impact. The rapid take up of the scheme does also mean that more than a tenth of the total £300m subsidy has already been used up, so if you want to trade in your old banger you better be quick, it is estimated all the funds will have been allocated by the end of the year.