Car Scrappage Scheme for Ireland

The introduction of a scrappage scheme for cars in Ireland is looking more likely.  (Update – See this Dec 2009 link for the  – Irish Scrappage Scheme Details)

A  recent review  of the Irish motor industry by Peter Bacon –    proposed a new two-year scrappage scheme on all cars over nine years old.  He suggested  a €2,000 rebate on new cars with carbon emissions of less than 140g/km, when old cars that qualify for the scheme are traded in.

This week 20 Fianna Fail backbenchers will lobby Finance Minister Brian Lenihan to introduce a car scrappage scheme in the December Budget . A motion by Sean Connick TD , calling for the introduction of a scrappage scheme,  has been backed by 20 TDs on the basis that it makes “economic sense” and has been done in 12 other European countries.

The UK scrappage scheme  gives buyers of new cars £2000 if they scrap their old car . Under the UK scheme the old car must  be registered in the United Kingdom on or before 29 February 2000 and be registered to the buyer continuously for 12 calendar months before the order date of the new vehicle. It also must have a current MOT test certificate , insurance and a current tax disc when the order for the new vehicle is placed .
The scrappage scheme is being credited as helping  increase new car sales in the UK . A total of 168,942 new UK cars were registered in October, up 31.6% from a year ago.
Here in Ireland – Renault have been advertising a scrappage scheme – which is available on all new models . The old car has to be 8 years old or more and it gets you €1500 off the price of  a new car.
December 9th – Budget Day – could bring some good news for the car dealers in Ireland if the scrappage scheme is introduced.

Update – See Scrappage Scheme  2010 Details Here