Car insurance news
20/05/2009

Cheaper new cars for old under the scrappage scheme

Finding cheap car insurance has been made simpler by the advent of online motor insurance providers, such as duck2water, who keep their overheads down in order to bring you the best deals on car cover.

And now, the government has initiated (at least until around March 2010) the 'scrappage' scheme whereby car owners can trade in their old banger and get £2,000 off the price of a shiny new car.

According to the Guardian older motorists have been quick to register interest in the scheme with many wishing to trade in their vehicles over 10 years old and buy smaller, cheaper models as replacements.

The chief executive of a large car dealership, operating over 300 premises in the UK, said, "A high proportion of the people who have applied are people who are on fixed incomes, particularly retired people who have had cars for a long time and are paying in cash.

"They aren't getting much of a return on their savings. But they can help counter this by getting a £2,000 valuation."

By deciding to buy a smaller car, many motorists could also benefit from a cheap car insurance quote as well.



News archives


For more information, please see:

Get a cheap car insurance quote now!