Published: Sat, September 02, 2017
Markets | By Lucia Cruz

Volkswagen scrappage scheme: how it will work

Volkswagen scrappage scheme: how it will work

All new Volkswagen petrol and diesel cars meet the latest Euro 6 emissions standards.

While most of the manufacturers offer a flat £2,000 off a new vehicle, half of buyers questioned on the schemes said they wouldn't consider anything less than £3,000, while one in six said it would take at least £7,000 to tempt them into something newer and cleaner.

This offer can be used on top of any other offers from the dealer/manufacturer/finance company.

"They are getting some of these older diesel vehicles off the roads".

Carmakers had been hoping for a British government-backed scrappage scheme, which would be the first since 2009, when ministers intervened to support auto sales as they nose-dived in the wake of the financial crisis.

Audi's scrappage scheme offers between £2000 and £8000 off its range - the smallest £2000 saving applied to the Q2 and the largest £8000 saving offered on its Q7 e-tron plug-in hybrid.

The scheme marks increased efforts by the vehicle manufacturer to recover from the emissions scandal, where the software in cars manipulated emissions tests.

The scheme starts from September 8.

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This discount ranges from €800 to €6,500 off a new vehicle, depending on the model being bought.

It's notable that this flurry of scrappage schemes has been launched as new, tougher emission testing comes into effect across Europe.

Under the scheme, which runs between today and the end of December, drivers will be given discounts ranging between £1,500 and £7,000 to trade in their old Audis, Skodas and Seat cars for new ones. An Auris Hybrid qualifies for savings of £3,500, while customers will be offered savings of £2,500 off the price of a new Yaris Hybrid.

Chief Executive of The Society of Motor Manufacturers and Traders, Mike Hawes, said: "Combined, these new and demanding tests will soon give consumers emissions performance information that is far closer to what they experience behind the wheel". These were in place prior to September 2009, but subsequently, more stringent Euro 5 standards were enforced, meaning people pay less to run a more eco-friendly vehicle.

Toyota confirmed that the scrapped vehicles will be handled at authorised treatment facilities, and at least 95% of the auto components by weight will be recycled.

Electric and hybrid vehicles, which attract government grants, will be included in the scheme.

Its scheme operates until 31 December 2017.

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