Chancellor Alastair Darling has confirmed this afternoon that there will be a #£2000 scrappage incentive# for new car buyers only, where there part exchange vehicle is over 10 years old. Full details to follow. Use the following links to confirm eligibility for the scheme.
Buy a car
The scheme is expected to include a restriction on the emissions of the new car chosen, and also limitations on the length of ownership of the old vehicle. This is to stop buyers effectively trading in cars that have already been owned by a third party, creating a grey market.