The £2,000 Scrappage Subsidy
Your local Yeomans dealership has signed up to fully support the recently announced £2,000 scrappage scheme at all of it's dealerships.
If you have a vehicle that is 10 years old or more (or 8 years old or more if you buy a new Nissan) talk to us and we will do the rest. You will get at least £2,000 in part exchange when you buy a new Citroen, Honda, Nissan, Peugeot or Toyota at Yeomans.
How does the scheme work and how I apply?
Yeomans will complete the application for you and arrange for your old vehicle to be scrapped. Demand is expected to be very high and funding will probably run out long before the scheme ends, so we recommend that you act now if you want to benefit.
What cars qualify for the £2,000 scrappage allowance?
All passenger cars and small vans qualify provided they were first registered on or before 31 July 1999 (or before 31 July 2001 if you buy a new Nissan). The car must have a current MOT test certificate, and the registered keeper must have been the registered keeper of the vehicle for at least 12 months.
What cars can I buy from Yeomans under the scheme?
The offer applies to most models from the Yeomans Citroen, Honda, Nissan, Peugeot and Toyota passenger car and small van ranges, although some models are excluded from the scheme.
Will other discounts or offers apply if purchasers wish to take advantage of the scrappage subsidy?
Yes. Yeomans have a great selection of offers on new vehicles, including low deposit / low rate finance, free insurance, cash-back and customer savings against list price. Many of these will be available in conjunction with the government scrappage scheme.
Will finance deals be available to enable people to take up the scrappage subsidy offer?
Yes. In the current economic climate bank loans are harder to secure, but the finance arms of Citroen, Honda, Nissan, Peugeot and Toyota have plenty of money available to car buyers, and they are keen to win business from the banks by offering lower rates. Yeomans are also offering fantastic low rate Personal Contract Purchase finance schemes that protect car buyers against any fall in the part-exchange value of their car when they come to change it by guaranteeing the minimum future value. This means that it is impossible to end up in a negative-equity position in the future.
My car is not old enough to qualify for the scrappage subsidy – what can Yeomans do for me?
With interest rates at a record low, VAT reduced to 15%, and incentives on offer to clear oversupply there really has never been a better time to buy a new or used car even if your part exchange does not qualify for the scrappage subsidy.
But manufacturers have scaled back production to bring it into line with demand, and the excess stock that they are heavily incentivising is selling fast. Anyone considering buying a new or used car in the next 18 months really should buy it now, while there are amazing deals and cheap finance packages on offer. These deals will be unrepeatable in the future.
Will all dealers be taking part in the scrappage scheme?
It is a voluntary scheme, so it is unlikely that all manufacturers or dealers will participate. Yeomans have agreed to fully support the scheme at all of their dealerships. Call your nearest Yeomans dealership now if you want to benefit from this unprecedented offer or leave your details here.