Scrappage Incentive

coil1985

Hey, does anyone have experience with scrppage incentives, or know where is best to find out more info about them? I have a 06 Toyota corolla and want to check if I can use it as part of a deal. Never considered it before. I assume it can only be used to purchase new cars?

colm_mcm

Car market is flying so dealers don’t really have any value in your trade in

bazz26

Yep, the car market new and used currently doesn't need to be stimulated by scrappage schemes.

With a car of that age you will get more for it by selling it privately than any dealer will offer you.

coil1985

Gotcha, the dream is dead :)

Buffman

As long as the Corolla isn't a ball of excrement, it'll be worth more to you to sell privately as a working car than either scrapping or part exchange.

Even if it's an NCT failure, just include the fail sheet in ad and you should get a few 100 for it.

Scrapping would get you the least money unless you were willing to go to the hassle of parting it out yourself.

Miscreant

https://www.boards.ie/discussion/comment/120754405#Comment_120754405

The "Scrappage Incentive" the OP is referring to was something the Government funded at least twice in the last 20 odd years. It was an allowance you could claim for an old car on the condition you bought a new one. The OP is not looking to actually scrap their car 🙂

There are some dealerships who may offer something called a "Trade In Booster" that could help in this case but I doubt very many of them would be keen on an 18 years old car these days. As said, you would be better off selling it privately for more money and then using that as your deposit towards a new(ish) car.

Buffman

Sometimes dealers ran there own in-house 'scrappage' schemes also, those days are long gone in the current market.

Ye, I remember the old Goverment scrappage schemes, while some heaps got taken off the road, an awful lot of perfectly good cars were scrapped also.

There is a similar one for Taxis at the moment, where to get a grant for a new taxi, the old one has to be scrapped no matter the condition. Again, some heaps are off the road, but an awful lot of nice stuff in great condition also.

bazz26

These inhouse scrappage deals by dealers where just the moving of numbers around. Dealers were never giving you 2k for a car actually worth no more than €500. All they were doing was inflating the price of the car they were selling you to offset the higher trade in value of your old car which looks better to the buyer.

The scrappage schemes against brand new cars were discount incentives by the car manufacturers to get people into new cars who wouldn't normally have done so. Reality is that in the past the scrappage discount would have been close enough to haggling a straight deal (no trade in) discount off the new car anyway. The cars traded in under these schemes didn't have to be scrapped and were sold on through the trade by the dealers. That is why usually the car had to be up to a certain age and have a valid NCT.

The Government scrappage schemes were usually designed to either financially help the motor trade/industry here by stimulating new car sales. Similar to what we have today with the grants on EVs. The other motive was to actually take off the road old cars from national fleet. Under the Government scrappage scheme the cars actually had to be scrapped.