LONDON: Car giant Ford is launching a scrappage scheme offering drivers up to £7,000 off a new motor… if they trade in their old car.
Petrol and diesel models that took to the road before December 31, 2009, can be handed into Ford in exchange for a discount on a brand new car or van.
The bonus is worth between £2,000 and £7,000 off the list price of a new Ford car or van between September 1 and the end of this year.
The exact discount depends on the dealership and whether the buyer is buying on finance.
Those with old bangers will benefit the most as the scrappage is instead of the trade in value of the vehicle.
Ford has gone one step further than rival BMW, which recently became the first car maker to launch a money-off scheme which was specifically for older diesels.
Volkswagen is also poised to launch a scrappage scheme in the UK for older diesels.
VW already runs a programme in Germany offering up to £9,000 off a new motor.
Ford said its scheme was part of drive to get the most polluting vehicles off the road.
The firm quoted figures from the Society of Motor Manufacturers and Traders showing there were 19.3million cars with pre-Euro 5 emissions levels – those that qualify for its scrappage scheme – on UK roads.