Hyundai, Volkswagen UK and Toyota have all now announced scrappage schemes with discounts off various models, following on from Ford’s recent announcement and that of Vauxhall earlier in the year.
Hyundai’s scheme offers between £1,500 and £5,000 on trade-ins across its model range and will run from now until the end of the year. It will apply to all petrol and diesel cars with Euro 1-4 engines registered before 31 December 2009.
Under the terms of the scheme, Euro 1-3 engine cars will be scrapped, however owners of a Euro 4 model will not have to scrap their car, but can trade in for any model across the Hyundai range.
Volkswagen UK is offering customers discounts of up to £6,000 to trade in diesel vehicles when buying a new car and all the Volkswagen UK brands – including Audi, Seat, Skoda and Volkswagen Commercial Vehicles – will participate.
VW’s UK scheme is a continuation of the initiative launched in Germany, which offered a discount of up to 10,000 euros (£9,000) to trade in diesel vehicles.
VW’s UK scheme will apply to any diesel vehicle that has emissions standards lower than Euro 5 and was registered before 2010. Incentives range from £1,800 to £6,000. Electric and hybrid vehicles, which attract government grants, will be included in the scheme.
Toyota has also launched a scrappage scheme, offering up to £4,000 off a new Toyota, which runs from 1 September to 31 December and is open to any vehicle more than seven years old. Customers can get a discount of between £2,000 and £4,000 off certain models.