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Scrappage Scheme + Buying Used Car - Good Plan?

  • 25-03-2010 2:03pm
    #1
    H8GHOTI
    Registered Users, Registered Users 2 Posts: 1,933 ✭✭✭


    I own a Merc CLK 230 (2000). It's in a garage at the moment, they're saying it's a problem with the ECU. I'm waiting to find out how much it will cost to fix but I think it could cost a couple of grand.

    I was thinking of trading it in before it broke down. I was being offered €4k for it. So I don't want to spend too much on repairing it. Probably won't be worth it.

    I was thinking of availing of the scrappage scheme and buying a new car. Then trading that in straight away for a second hand Merc or BMW instead of getting my car fixed.

    What's the cheapest new car you can buy and what do people think of this plan in general?


Comments

  • #2
    Anan1
    Registered Users, Registered Users 2 Posts: 22,815 ✭✭✭✭Anan1


    The scrappage is only worth €1500, I can't see how that wouldn't be eaten up by the depreciation on your 'new' car upon delivery.


  • #3
    thebiglad
    Registered Users, Registered Users 2 Posts: 1,672 ✭✭✭thebiglad


    Ford is giving up to €4,500 in scrappage and dealer discounts - apparently until end of April and Renault also around same levels.

    However I think your plan is flawed, not sure how much interest a BMW dealership will have in a Fiesta/Focus/Megane etc - especially one with zero mileage and so it is clear that you pulled a quick switch under scrappage.

    Who is going to give you over the price paid, or even near it?

    Renault I know give their own version of scrappage on cars over 8 years old (my 02 mondeo blew head gasket and I got rid to Renault with a €4k trade in allowance) - would you consider a Laguna?


  • #4
    H8GHOTI
    Registered Users, Registered Users 2 Posts: 1,933 ✭✭✭H8GHOTI


    Were some places not offering €3k? I never really paid much attention to the ads on tv tbh cause I wasn't planning on buying a new car before today.


  • #5
    Anan1
    Registered Users, Registered Users 2 Posts: 22,815 ✭✭✭✭Anan1


    Government scrappage is only €1500, anything above that is dealer discounts which will also be available to new buyers of the car you take.


  • #6
    [Deleted User]
    Posts: 23,339 ✭✭✭✭ [Deleted User]


    H8GHOTI wrote: »
    what do people think of this plan in general?

    Sheer lunacy to be honest, just buy a 2nd hand Merc or whatever if that's what you want, the only time a new car makes sense (debatable) is if you are keeping it a good while or if you have money to throw away.


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