Monday 30th March 2009
Be Wiser Insurance

Car insurance customers who are prepared to scrap their old banger will not be able to buy a new motor with £2,000, it has been claimed.

The British Vehicle and Leasing Association (BVLA) made this comment in light of plans to introduce a scrappage incentive scheme in the UK.

Previously, the Society of Motor Manufacturers and Traders put forward plans that would see drivers rewarded with £2,000 towards the cost of a new car if they were prepared to get rid of a model that was over nine years old in favour of something more up-to-date.

However, BVLA said the initiative should allow drivers to buy used vehicles as long as they do not emit more than 165 g/km of CO2.

It stated this was a more realistic plan if people are to be given just £2,000.

With this amount of money, BVLA chief executive John Lewis claimed "most people will still not be able to afford to scrap a vehicle of nine years or older and go out and purchase a shiny new car".

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