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Car loans customers 'could see UK scrappage policy introduced'
Jan 19 2009Momentum is gathering for a scrappage policy in the UK that could see Car Loans customers encouraged to dispose of their old gas guzzlers in favour of less-polluting vehicles, it has been claimed.
According to the Retail Motor Industry Federation (RMIF), a move to introduce such a rule could help bolster the ailing car industry as well as aiding the environment.
The idea was among those discussed at an EU meeting in Brussels last week that saw industry ministers formulating plans to improve conditions in the vehicle market.
Commenting on the news, RMIF director Sue Robinson said: "Scrappage policies have been successfully adopted by a number of European countries in the last few years."
The introduction of a similar scheme in the UK could help "move the economy in the right direction", she added.
Unsecured car loans applicants can already benefit from switching to greener vehicles, with cheaper road tax rates being offered for low-emission cars.
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Reaction from the car finance and fleet industries to Chancellor Osborn´s latest "motorist´s budget" has on the whole been fairly positive.
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Japanese Disaster Hits Toyota Badly
Created Mar 28 2011
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