Mitsubishi scrap shock!
May 27th, 2009 by Richard Aucock
MITSUBISHI will extend the new car scrappage scheme way beyond official calls, to include cars 5 years or older!
This HALVES the official 10 years or older Government stipulation.
But Car Dealer Magazine wonders whether it is all it’s cracked up to be. Won’t 5 year old cars still be worth much more than £2000?
The move is also likely to prove controversial. Some may question the environmental benefits of scrapping 2004 model year cars. Furthermore, only certain Mitsubishis will be eligible for the deal.
Even so, the dramatic move has come as evidence shows more than 1 in 5 new Mitsubishi orders have come as a consequence of the scrap scheme.
As Mitsubishi UK marketing chief Toby Marshall admits, ‘with over 21 percent of our dealers’ May orders coming through the scheme… we have decided to launch our own scheme, which means a customer can bring in a car as young as 5 years old to any participating Mitsubishi dealer.’
Mitsubishi’s incentive more than doubles a previous scheme by Nissan, to include cars 8 years or older for scrappage.
Mitsubishi also announced it has secured £100m of finance from Finance Mitsubishi. This will allow car dealers better access to loans for customers.
Loan packages extend up to 5 years, with 10 percent deposits and 0 percent APR available.
Scrappage scheme finance threat
Tags: mitsubishi, scrappage, Scrappage
June 6th, 2009 at 11:26 am
The Mitsubishi 5/10 year scheme,for£2000 allowance is not guaranted. My car is just under 10 years old .I was offerd £1200 yet the Mitsubishi web site and press relase by Toby Marshall, uk director of sales and marketing,have said mitisubshi will offer the same £2000 allowance for the 5/10 scheme same as the goverments scheme.