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Monday
Jan182010

Has there ever been a better time to buy a new car?

If you're a canny businessperson with both an eye for a smart drive and for a bargain then you will probably be aware of the UK Government's scrappage scheme. What you may not know is that it expires soon.

Have you used of it yet? No? Well it's time to start getting yourself into the show rooms and browsing those brochures as time is running out fast.

You've only got until the end of February to take advantage of the scheme and enjoy a full £2,000 reduction (or more) on a new car. Some dealers are even supplementing the deals with additional discounts and incentives. It really is a buyer’s market and what's more you may also be able to make even your reduced outlay tax deductible.

The £300m Government funded Scrappage Scheme has already proven so popular that nearly 250,000 orders have been placed through it. In response the Government has increased the amount available to £400m.

What are you waiting for? Plenty of people are already taking advantage of the range of offers available  - and it's not just cash off. Skoda are doing VAT free deals, Mitsubishi, zero percent finance and Vauxhall 'fee' add ons. Kia is offering a 7-year warranty across its complete range. Citroen on the other hand is simply slashing prices.

It's little wonder that the car market has been so buoyant recently.

According to The Society of Motor Manufacturers and Traders (SMMT) a combination of the imminent VAT rise combined with the scrappage incentive saw sales in the second half of the year up 21% on 2008 with registrations in December 2009 rising by 38.9% compared with the same period in 2008. Of those a large proportion sales were as a direct consequence of the Government funded Scrappage Scheme.

There are reports of 45% reductions on some versions of the General Motors Cadillac BLS. Saab, is offering 30% discount on several models, as are Lexus on the LS600h hybrid 'car of the future’ - that's roughly £30k in discount. What about 33% off some Chrysler 300C saloons with up to 30% per cent discount on selected Jeep Commanders and Patriots?

While the money's still on the table, take it. Manufacturers are desperate to get the cash in and the Government is desperate that the car industry stays afloat. The sun is most definitely shining on buyers so maybe now is the time to make a little motoring hay.

 



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