Five year finance and scrappage scheme from car company

Fri, 29 May 2009



Car company and car finance provider Mitsubishi Motors has launched its own scrappage scheme for vehicles aged between five and ten years. The scrappage scheme is reportedly already proving successful.

According to figures from the car maker, over 17 per cent of new car enquiries are now coming via the scrappage scheme. Customers may alos choose from a variety of car finance plans, with varying deposits and interest rates . Finance Mitsubishi, the vehicle finance arm of the company, has granted £100 million in finance.

The UK director of sales and marketing, Toby Marshall, reportedly commented: "we have had immediate and resounding success with the Government’s scrappage scheme, with over 21% of our dealers’ May orders coming through the scheme. To help maximise on this momentum, we have decided to launch our own scheme, which means a customer can bring in a car as young as 5 years old to any participating Mitsubishi dealer ."
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