Do you have a 10 year old car in the family? Scrap your old car and receive £2,000 towards a new one.
Mitsubishi is pleased to participate in the Scrappage Scheme that was introduced in the Chancellor’s budget in April 2009. The scheme enables you to scrap your current vehicle and receive £2,000 towards a new car of your choice.
This means there has never been a better time to change your car and buy a new Mitsubishi.
0% APR Typical Finance on All New Cars
We have a range of finance plans to suit all pockets. With deposits from as little as 10%, loan periods from 12 months to 5 years and interest rates as low as 0%*.
The vehicle must have valid insurance, a current tax disc, a current MOT and must have been in your ownership for one year
The vehicle must have been first registered on or before 29 February 2000 (passenger cars) / 28 February 2002 (light commercial vehicles)
On scrapping your vehicle you will receive £2,000 towards a new vehicle in the Mitsubishi range
Your Mitsubishi dealer will take care of all paperwork and scrapping of your vehicle
Claims are strictly limited, the Government will set aside a fund for the scheme and the scheme will end 31st March 2010 or when the Government fund allocation runs out if sooner
*Finance is subject to status through Finance Mitsubishi, 116 Cockfosters Rd, Barnet, EN4 0DY. Finance Mitsubishi is part of Lloyds TSB Asset Finance Division. Indemnities may be required. Offer is only applicable in the UK (excludes Channel Islands & I.O.M) and may be amended or withdrawn at any time. Offer available between 1st January and 31st March 2010.
The Government Scrappage Scheme ends 31st March 2010 (or earlier if government allocated funds are exhausted). No new orders can be taken after this date and vehicles ordered before 31st March must be delivered within 4 months of date of order. Time is running out, visit your local Mitsubishi dealer today to take advantage of this offer. Terms and conditions apply.
Details of the Government/Mitsubishi Scrappage Scheme
Who can purchase a car on the scheme:
An individual who is the registered keeper of an Old Vehicle and has been so for the preceding 12 calendar months before the date the order is placed with a dealer and agreed for an Old Vehicle to be Scrapped
Qualifying vehicles to be scrapped - criteria
A vehicle which:
is a passenger car (M1) or light commercial vehicle not exceeding 3.5tonnes (N1)
was first registered in United Kingdom on or before 29 February 2002 (passenger cars) / 28 February 2002 (light commercial vehicles)
has valid insurance, a current tax disc and a current MOT certificate or has a current tax disc and a current Hackney Carriage Licence or has a MOT certificate which expired no earlier than 14 days before the date of the contract between the Purchaser and Dealer for the acquisition of title to the Vehicle by the Purchaser
does not have a vehicle identity check marker and was not a category A or B insurance write off
the Purchaser is the registered keeper
is not subject to any finance arrangement
the Purchaser has agreed will be Scrapped upon delivery of the New Vehicle to the Dealer
Qualifying vehicles to be bought - criteria
A vehicle which:
is a passenger car (M1) or Light Commercial Vehicle not exceeding 3.5tonnes (N1)
is first registered in the United Kingdom on or after the 18th of May 2009 and to be declared new at first registration in the United Kingdom with no former keepers
is a EU specification vehicle, i.e. it has an EC Whole Vehicle Type Approval Certificate of Conformity
is the subject of a contract between a Purchaser and a Dealer for the acquisition of title to the vehicle by the Purchaser, such contract having been entered into after the 18th of May 2009 and prior to 31st March 2010
With the exception of the Mitsubishi i and the Mitsubishi Evolution X all Mitsubishi Vehicles qualify under the scrappage scheme.
Duration
Start: 18th May 2009
End: 31st March 2010 or when funds are used up if earlier
When a vehicle is scrapped:
The Old Vehicle is sent to an Authorised Treatment Facility and accepted as an End of Life Vehicle and a Certificate of Destruction is issued
£2,000 discount for consumer based on £1,000 from government and £1,000 from vehicle manufacturer
Discount would apply to any model from a Vehicle Manufacturer participating in the scheme (i and Evolution X are excluded)
The discount applies to the vehicle list price plus factory fitted extras plus VAT
The £2,000 Scrappage allowance cannot be used in conjunction with any other discount/money off offers.
Process
Government wants to keep administration cost of the scheme to a minimum and draw on existing financing and auditing mechanisms between manufacturers and dealers.
Scrappage - Q&A
1. What are the basic details of the scheme?
Passenger cars or vans not exceeding 3.5 tonnes are included
Vehicles registered in the UK on or before 29 February 2000 (passenger cars) / 28 February 2002 (light commercial vehicles)
The scrapped vehicle must have been owned by the registered keeper for at least one year and the name must match that on the new V5C
The vehicle being offered for scrapping must have valid insurance, tax and a current MOT test certificate or one no more than 14 days past the expiry date
2. What is the process for consumers who want to participate in the scheme?
Consumers will take their car to the dealer to confirm eligibility and the dealer will take care of the rest. The dealer is responsible for all paperwork and for getting the car scrapped in the right way.
3. What do I need to take with me to the dealer?
You will need to take a valid insurance certificate, MOT certificate, your V5C registration form, and a valid photo ID.
4. I have two vehicles that are eligible for the scheme. Can I get £4,000 towards my new vehicle?
No. Consumers may purchase one new vehicle per one old vehicle scrapped under the scheme.
5. Is there a vehicle-per-household limit?
No, but the rule is one vehicle scrapped for each new purchase.
6. What happens to my vehicle once it is scrapped?
At least 85% of your vehicle will be recycled at an authorised treatment facility (ATF). More information at www.autogreen.org and www.cartakeback.com.
7. How much does this scheme cost the taxpayer?
Government has capped the scheme at £400 million which includes admin fees.
However, government will be able to off-set this cost against the increased VAT revenue received.
8. I scrapped my vehicle before the scheme was announced and received a Certificate of Destruction (CoD). Can I take the CoD to the dealer and get the £2,000 incentive toward a new car?
No, you must take your vehicle to the dealer for scrapping. A CoD is not sufficient to participate in the scheme.
9. I have an eligible vehicle and already placed an order before Budget 2009. Can I have the scheme applied?
No, only orders placed since 23 April are eligible for the incentive.
10. I want to use the scheme but my vehicle is valued at more than £2,000. Can I trade my vehicle in and use the scheme?
If your vehicle is worth more than £2,000 you can still trade it in, in the usual way but the government incentive will only apply to vehicles that are scrapped.
11. Under this scheme, do I have to buy a new vehicle similar to my current one?
No - regardless of the vehicle scrapped, you can buy any new car or van included in the scheme. Participating manufacturers must apply the incentive to all models in their range. Equally you can trade in a van and buy a car or vice-versa.
12. How long will the scheme run?
The scheme will run until the end of March 2010 or until the £400 million pot has run out.
13. What will happen to the incentives and discounts vehicle manufacturers are currently offering?
Many of the existing incentives and discounts will remain in addition to the scrappage deal. Several manufacturers have also extended discounts for certain models in their ranges.
14. I have heard that CO2 emissions from the production of a new car is far worse than from the operation of my current, older car. What kind of environmental impact will this have?
Only about 10% of a vehicle‘s CO2 emissions are derived from production, 5% from being scrapped, and 85% from the in-use phase. As new cars are on average 15% cleaner than older models, you would have saved the equivalent production output in about one year.
15. Is this the same as the electric vehicle incentive scheme?
No. In addition to the scrappage scheme, government has announced a £2,000 - £5,000 incentive for consumers to buy electric and plug-in hybrid cars, likely to be operational from 2011.
16. Isn‘t the scrappage scheme another part of the motor industry‘s bailout?
The motor industry has not received a ‘bailout’. The aim of the scheme is to kick-start the demand and get consumers buying again.
17. How does the scheme affect VAT?
VAT should be reflected on your invoice, for example:
