The main one silver lining around the credit crisis cloud is the fact that for many who are able it, there's never been a better time for you to purchase a car. Costs are already being slashed by motor manufacturers and the Government has recently introduced an automobile scrappage scheme with the UK motor industry making them much more affordable.

scrap a car

The scheme will permit a price reduction of £2,000 against the cost of a new car if the buyer is also scrapping a car that is at least 10 years old. However, it's not quite that simple because there are other conditions that must be met to in order to entitled to the scrappage scheme benefit.

First the vehicle which you intend buying needs to be:

a car or small van not exceeding 3.5 tonnes in weight
first registered on or after 18 May 2009 and built to British specification
brand new i.e. have no former keepers

Secondly the automobile that you are considering trading-in must:

be registered in your name in the DVLA (Driver Vehicle Licensing Agency) and also have been so for at least 12 months ahead of the new vehicle's order date
be registered to a UK address on or before 31 August 1999
have a present MOT certificate dated ahead of the order with the new vehicle

Obviously, however tempting it could be to change your car from a vintage banger, one important thing to think about is that comprehensive car insurance is likely to be more expensive. So, if you're planning on benefiting from the Government's car scrappage scheme then its essential that you compare car insurance quotes first, otherwise you could be looking for a surprise when it comes to paying your premiums!

car scrappage

Even though the most factors which affect the setting of the premium involve the driver and in which the car is always to kept, you will find others that report to the vehicle itself, especially its value. The more expensive the automobile then your more costly it might be to exchange, and so the higher the potential financial loss to the insurance company if there is claims. And that will have to be included in a greater premium.

To find the quickest and quite often best car insurance quotes it might be an idea to match car insurance quotes [http://www.lloydstsbcompare.com/car_insurance_lloyds.aspx] from the comparison website, but makes it trusted and award-winning. Make certain you don't simply ask your present insurer to upgrade, but alternatively obtain as much quote comparisons as possible. In the end, there is little point in benefiting from the new discount scheme if you then get a new car on which you're paying over the odds for insurance.