290000 registrations for car scrappage scheme

Fri, 15 Jan 2010



The car scrappage scheme has registered some 290,000 new vehicles, according to the Society of Motor Manufacturers and Traders. Between May and December 2009, the scheme covered 284,479 new vehicles .

The success of the scheme has been aided by the willingness of lenders to provide car finance . Even as other sources of credit have dried up, vehicle finance has remained available for many people.

An expert at Think Money was reported as saying: "The car scrappage scheme offers significant discounts on new vehicles, but there is still a lot of money involved, and many buyers will still rely on car finance to make the purchase. To bring the cost of a new car down further, we advise people buying a car on finance to speak with an expert car loans adviser about where to find the best deal."
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