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Why a Car Scrappage Scheme?

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Comments

  • #92
    froog
    Registered Users, Registered Users 2 Posts: 3,784 ✭✭✭froog


    it's a great scheme.


  • #93
    ei.sdraob
    Closed Accounts Posts: 9,376 ✭✭✭ei.sdraob


    froog wrote: »
    it's a great scheme.

    new car bought on credit == instant negative equity :D

    i propose we bail out the poor new car owners who got duped by the government into buying overpriced asset :P


  • #94
    Macha
    Moderators, Science, Health & Environment Moderators Posts: 6,382 Mod ✭✭✭✭Macha


    Schemes like these simply bring purchases forward. Those who avail of the scheme were most likely planning on buying a car anyway some time in the future.

    More borrowing from the future - exactly the opposite of what we need to learn to stop doing.


  • #95
    Liam Byrne
    Closed Accounts Posts: 18,163 ✭✭✭✭Liam Byrne


    invinciblePRSTV wrote: »
    Anyone here buy a new car in 2010 who can definitely say they wouldn't have bought one without the Scrappage Scheme?

    If anything, I'm the exact opposite.

    My car which (without the recession) should be worth about €5,000 is currently "worth" €3,500; therefore there is no point in me changing......I may as well try to keep it going for another 2.5 years until it qualifies and then avail of the scrappage scheme (assuming that (a) it's still in place and (b) I actually have some cash at that stage)

    That said, will I bother buying a new car ? Probably not. Just upgrade enough to avail of the €104 road tax so that I'm not being screwed.

    Mind you, the scrappage scheme is only a way of offsetting the illegal rates of VRT in this country, and the ridiculous "tax on tax" which applies when VAT is calculated on the post-VRT price (or vice-versa) which itself was supposed to be "scrapped" in order to bring us into line with the rest of the EU.


  • #96
    The_Thing
    Registered Users, Registered Users 2 Posts: 1,017 ✭✭✭The_Thing


    The scrappage scheme is nothing more than a bailout for a private-sector cartel guilty of price fixing. The main dealers should be left to starve to death.

    Earlier this week I was speaking to a guy who was driving a 1976 Land Rover with a 2.8 litre diesel engine. Because of it's "classic" status he had it taxed for the year for around €40.00 and had "classic" insurance" too. It is exempt from needing an NCT cert. It will also hold it's value, unlike that shiny new piece of tin which miraculously drops in value by several thousand the moment you drive it off the forecourt of whatever cartel member you bought it from.

    If you must buy a car get it second-hand and privately - you'll save a lot of money.


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