Volkswagen Group (VW), Renault and Nissan have joined the liked of Ford and BMW in launching a scrappage scheme for older vehicles.
In the case of VW, owners of diesel vehicles registered before 2010 and compliant with the older, pre-Euro 5 emission standards will be offered cash incentives to trade in their vehicle for a new model. The vehicle in question must have been registered to the owner’s name for at least six months.
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Customers can use the offer for most VW brands – VW themselves, Audi, Skoda, and Seat. The offer will run until the end of 2017.
The amount offered for old vehicles through the scheme varies depending on what vehicle is being purchased.
For example, those looking to buy a Skoda Citigo will receive £1,500 scrappage for a pre Euro 5 diesel car from before 2010, while an Audi Q7 e-tron buyer will receive £8,000.
The VW scrappage scheme cannot be used in conjunction with any other offer available through VW – though electric cars will still receive an OLEV grant from the government.
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By GlobalDataThe Renault offer differs in this regard. Instead it offers a flat £2,000 scrappage scheme, but allows additional, existing, deals to be used on top of this.
For example the Renault Clio is currently being offered with a £2,250 Manufacturer Deposit Contribution on a 4.9% APR PCP deal. This would be combined with the £2,000 scrappage scheme for a saving of £4,425.
Both the Renault and Nissan scrappage schemes are being offered for all Euro 4 or older vehicles registered by 31 December 2009. It must have belonged to its current owner for more than 90 days.
The Nissan scheme will only run for September, and will offer owners of vehicles registered before the end of 2009 with a pre-Euro V engine either up to £5,000, plus trade-in value for their current car, off a new Nissan model or they can receive up to £2,000 plus vehicle trade-in value off an approved-used Nissan LEAF 24kWh.
Standards
The ‘Euro’ emission standards were first introduced in 1992 with the ‘Euro 1’ standard, and have become progressively more stringent as technology has allowed for cleaner cars.
Euro 5 was first introduced in 2009, and has since been replaced by Euro 6 standards.
Despite diesel cars operating up to the Euro 6 standards creating far less pollution than older diesel cars, their reputation has suffered in recent years.
In June, research showed 64% of drivers wanted a diesel scrappage scheme for older cars, and it has long been rumoured that this was something the government would consider introducing. While it has so far resisted such a move, it has announced that new diesel and petrol cars will be banned from sale from 2040.
