Car Scrappage Scheme

[eskerman]

Not sure if this this is worth a thread but here goes anyway.

I was talking to a car salesman a few weeks ago chatting about the motor trade in general ( not connected myself) and he was saying that the banks are not lending for cars at the same rates as before in the old Celtic Tiger years...ok..! Yes I can appreciate that especially after what has unfolded, and yes car sales are shot to pieces now.

I have been listening to this rant about introducing a new car scrappage scheme to get the motor trade going again..! Hello........ does this mean that old banks are back in business lending money to buy all these brand new cars that are suppose to come flooding onto the market...ehhhhh I don't think so Mr Renault.

There is no value in cars in this country, a car must be the worst investment a person can make, yes its needed for day-to-day living if your in the sticks, but overall its a money pit.

I think the secondhand trade may do all right, but I really cant see a scrappage scheme working in this recession..

Just a thought thats all

[goosebump]

Not sure if this this is worth a thread but here goes anyway.

I was talking to a car salesman a few weeks ago chatting about the motor trade in general ( not connected myself) and he was saying that the banks are not lending for cars at the same rates as before in the old Celtic Tiger years...ok..! Yes I can appreciate that especially after what has unfolded, and yes car sales are shot to pieces now.

I have been listening to this rant about introducing a new car scrappage scheme to get the motor trade going again..! Hello........ does this mean that old banks are back in business lending money to buy all these brand new cars that are suppose to come flooding onto the market...ehhhhh I don't think so Mr Renault.

There is no value in cars in this country, a car must be the worst investment a person can make, yes its needed for day-to-day living if your in the sticks, but overall its a money pit.

I think the secondhand trade may do all right, but I really cant see a scrappage scheme working in this recession..

Just a thought thats all

+1

A car scrappage scheme is an idiotic scheme dreamt up by idiots to facilitate other idiots who someone see economic value in giving taxpayers money to foreign car companies.

Its the equivalent of the State financing a scrappage scheme for DVD players.

[TradCat]

Agreed. It would be nothing but corruption. Would we really want to cut social welfare while handing free cash to people who are buying a new BMW?

[Dreaded_Estate]

It would be a terrible waste of taxpayers money when money is short.

[Raketemensch]

+1

A car scrappage scheme is an idiotic scheme dreamt up by idiots to facilitate other idiots who someone see economic value in giving taxpayers money to foreign car companies.

Its the equivalent of the State financing a scrappage scheme for DVD players.

Yeah it would be like handing 10s of billions of taxpayers money to foreign bondholders who have already taken a punt and lost. Oh wait....

[katy brock]

+1

A car scrappage scheme is an idiotic scheme dreamt up by idiots to facilitate other idiots who someone see economic value in giving taxpayers money to foreign car companies.

Its the equivalent of the State financing a scrappage scheme for DVD players.

Eh! What about a scrappage scheme, funded by the taxpayer, for unwanted houses and development land? NAMA anyone?
Considering the mess we are in, cars are small beer indeed!

[katy brock]

Yeah it would be like handing 10s of billions of taxpayers money to foreign bondholders who have already taken a punt and lost. Oh wait....

You beat me to it

[wombat]

+1

Its the equivalent of the State financing a scrappage scheme for DVD players.

Too late, I brought my old one to the recycle centre.

[jcdf]

+1

A car scrappage scheme is an idiotic scheme dreamt up by idiots to facilitate other idiots who someone see economic value in giving taxpayers money to foreign car companies.

Its the equivalent of the State financing a scrappage scheme for DVD players.

+2

[Sync]

Don't see the point of it either. It's different in England or America where they have an industry to try and protect. If the govt want to give a boost to the dealers here, just drop the VRT significantly. We're at a point where a drop in that would see a higher amount of cars purchased, probably resulting in more revenue for the govt. No one's buying cars right now, so they may as well.