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If you’ve got a car that’s at least seven years old you could make savings of up to £8,000 on a new set of wheels.
In the last few days, car makers have been rushing to launch money off incentives.
It comes as the “toughest ever” new-car emissions tests begin to be rolled out. Car manufacturers have been under increasing political pressure, especially in Germany, to encourage consumers to buy less polluting cars
But it could also provide a boost to new car sales which saw a nine per cent drop in July.
Here’s our guide to what’s currently on offer and what you could be entitled to:
Audi is offering a maximum of £8,000 off a Q7 e-tron. There are also significant savings to be made on other models, including £6,000 on an A4 or A4 Avant.
The offers are available to owners of pre-Euro 5 diesel cars produced before 2010. Trade-in vehicles need to have been registered in the owner’s name for at least six months to qualify.
Owners will be offered £2,000 off a new BMW or MINI when they trade in any make of Euro 4 or older diesel vehicle.
The replacement must be a BMW i3, a plug-in hybrid, or a Euro 6 vehicle with CO2 emissions of up to 130g/km. The scheme will initially run until the end of the year.
This scheme is offering a maximum of £5,300 for an Alfa Giulietta. Other discounts are available for Fiat, Abarth and Jeep models. It applies to all Euro 1 to 4 petrol and diesel cars registered before December 31, 2009.
Note, it is only running until September 30, making it much shorter than some other schemes.
Owners of older Ford cars will be offered at least £2,000 off a new car when they trade in their pre-Euro 6 petrol or diesel car. The scrappage scheme is open to owners of all non-Ford vehicles registered up to and including December 31, 2009.
The scheme will run until the end of the year.
Hyundai is offering up to £5,000 off the price off a range of new models. The scrappage scheme will target petrol and diesel Euro 1 to 4 emissions standard cars, which were registered before December 31, 2009.
Kia’s scrappage scheme is worth £2,000 to drivers who want to buy a new Picanto or Rio. You’ll need a car over seven years old.
The scheme will run to the end of the year.
The scheme is worth £2,000, or £1,000 if you’re buying an electric Smart car. It applies to Euro 1 to Euro 4 cars of any make owned by customer at least six months.
The discount is on new diesel or plug-in hybrid (not petrol) cars ordered by end of 2017 and registered by March 31, 2018.
Nissan customers will get an extra £2,000 off a new car when they trade in their pre-Euro 5, pre-2009 vehicle during September. The savings can be used in conjunction with other discounts, giving Nissan buyers up to £5,000 off a new car.
Renault’s scrappage scheme, which includes cars and vans, offers discounts between £3,000 and £7,000 off a new car alongside a £2,000 scrappage allowance.
The car to be scrapped must be a Euro 4 engine or older, have been registered by December 31, 2009 and bought by the owner more than 90 days ago.
The scheme is available until the end of September.
SEAT’s scrappage scheme is worth between £1,500 and £3,500 for pre-Euro 5 diesel cars produced before 2010. Trade in vehicles need to have been registered in the owner’s name for at least six months to qualify.
Skoda drivers will be offered £4,000 off a new Superb when they trade in a pre-Euro 5 diesel car produced before 2010. Discounts on other models are also available.
Trade-in vehicles need to have been registered in the owner’s name for at least six months to qualify.
Toyota drivers can save up to £4,000 on a range of petrol and petrol-hybrid vehicles. The scrappage scheme is open to any vehicle more than seven years old. The vehicle must be registered to the current owner for at least six months to be eligible.
The scheme runs until the end of the year.
Vauxhall’s scheme is offering buyers up to £2,000 off the price of a new car when they trade in their old one. It can be combined with existing finance offers, including PCP plans and deposit contributions.
The car being traded in must be registered in the owner’s name and they must have owned it for at least 90 days. The scheme runs until the end of September.
The Volkswagen scrappage scheme is worth between £1,800 and £6,000, with the biggest saving on the Sharan people carrier.
The scheme covers any VW petrol or diesel car ordered by December 31, 2017, and registered by March 31, 2018.
The offers apply to any make of pre-2010 diesel vehicle owned by the customer for at least six months.