Understanding the Car Scrappage Scheme - Article Blast! Free Articles And Content For Reprint On Your Website, Newsletters and Ezines. Submit Your Articles For Free!

Understanding the Car Scrappage Scheme

Article Submitted by: Adam Singleton

Monday, 08 June 2009

The one silver lining on the credit crisis cloud is that for those who can afford it, there's never been a better time to buy a car. Prices are already being slashed by motor manufacturers and the Government has now introduced a car scrappage scheme in conjunction with the UK motor industry making them even more affordable.

The scheme will allow a discount of £2,000 against the cost of a new car if the buyer is also scrapping a vehicle that is at least ten years old. However, it's not quite that simple as there are other conditions that must be met to in order to qualify for the scrappage scheme benefit.

First the vehicle that you intend buying has to be:

a car or small van not exceeding 3.5 tonnes in weight
first registered on or after 18 May 2009 and built to British specification
brand new i.e. have no former keepers

Secondly the vehicle that you are considering trading-in must:

be registered in your name at the DVLA (Driver Vehicle Licensing Agency) and have been so for at least 12 months before the new vehicle's order date
be registered to a UK address on or before 31 August 1999
have a current MOT certificate dated before the order of the new vehicle

Of course, however tempting it may be to upgrade your car from an old banger, one important thing to consider is that comprehensive car insurance is likely to be more expensive. So, if you are considering taking advantage of the Government's car scrappage scheme then it's important that you compare car insurance quotes first, or you may be in for a shock when it comes to paying your premiums!

Although the majority of factors that affect the setting of a premium involve the driver and where the car is to kept, there are others that relate to the vehicle itself, especially its value. The more expensive the car then the more expensive it would be to replace, therefore the higher the potential financial loss to the insurance company should there be a claim. And that will need to be covered by a higher premium.

To get the quickest and often best car insurance quotes it may be an idea to compare car insurance quotes from a comparison website, but make sure it is trusted and award-winning. Make sure that you do not just ask your current insurer to upgrade, but instead obtain as many quote comparisons as you can. After all, there is little point in taking advantage of the new discount scheme if you then end up with a new car on which you are paying over the odds for insurance.

Article Source: http://www.ArticleBlast.com

About The Author:

Adam Singleton writes for a digital marketing agency. This article has been commissioned by a client of said agency. This article is not designed to promote, but should be considered professional content.

You are welcome to publish this article free of charge on your website, newsletter, or e-zine, provided:

You don't change the article in any way
You include the entire article, including the "about the author" box
All hyperlinks must remain intact, including email addresses, and the link to ArticleBlast.com at the bottom
In doing so you agree to indemnify the article's author, and ArticleBlast.com and its directors, officers, employees and agents from and against all losses, claims, damages and liabilities which arise out of its use
It is also recommended that you provide a courtesy copy of your publication to the author of the article