Details of the Mitsubishi Scrappage Scheme

Who can purchase a car on the scheme:

An individual who is the registered keeper of an Old Vehicle and has been so for the preceding 12 calendar months before the date that he contracted with a Dealer to acquire title to a Vehicle and agreed for an Old Vehicle to be Scrapped

Qualifying vehicles to be scrapped - criteria

A vehicle which:

• is a passenger car (M1) or light commercial vehicle not exceeding 3.5tonnes (N1 class 1)
• was first registered in United Kingdom on or before 31 August 1999
• has a current tax disc and a current MOT certificate or has a current tax disc and a current Hackney Carriage Licence or has a MOT certificate which expired no earlier than 14 days before the date of the contract between the Purchaser and Dealer for the acquisition of title to the Vehicle by the Purchaser
• is not an insurance write-off
• the Purchaser is the registered keeper
• is not subject to any finance arrangement
• the Purchaser has agreed will be Scrapped upon delivery of the New Vehicle to the Dealer

Qualifying vehicles to be bought - criteria

A vehicle which:

• is a passenger car (M1) or Light Commercial Vehicle not exceeding 3.5tonnes (N1 class 1)
• is first registered in the United Kingdom on or after the 18th of May 2009 and to be declared new at first registration in the United Kingdom with no former keepers
• is a EU specification vehicle, i.e. it has an EC Whole Vehicle Type Approval Certificate of Conformity
• is the subject of a contract between a Purchaser and a Dealer for the acquisition of title to the vehicle by the Purchaser, such contract having been entered into after the 18th of May 2009 and prior to 28 February 2010

With the exception of the Mitsubishi i-Car and the Mitsubishi Evolution X all Mitsubishi Vehicles qualify under the scrappage scheme.

Duration

• Start: 18th May 2009
• End: 28th February 2010 or when funds are used up if earlier

When a vehicle is scrapped:

The an Old Vehicle is sent to an Authorised Treatment Facility and accepted as an End of Life Vehicle and a Certificate of Destruction is issued

• £2,000 discount for consumer
• Based on £1,000 from government and £1,000 from vehicle manufacturer
• Discount would apply to any model from a Vehicle Manufacturer participating in the scheme (i-Car and Evolution X are excluded)
• The discount applies to the vehicle list price plus factory fitted extras plus VAT

Process

Government wants to keep administration cost of the scheme to a minimum and draw on existing financing and auditing mechanisms between manufacturers and dealers.

Details of the Mitsubishi 5-10 Year Scheme

Terms & Conditions

• At participating dealers only
• The trade in vehicle has a current tax disc and a current MOT certificate or has a current tax disc and a current Hackney Carriage Licence or has a MOT certificate which expired no earlier than 14 days before the date of the contract between the Purchaser and Dealer for the acquisition of title to the Vehicle by the Purchaser
• The trade in vehicle is not an insurance write-off
• The trade in allowance is for vehicles registered between 31st August 2004 and 31st August 1999
• The £2,000 allowance is to be used against eligible vehicles only
• Scrapping the trade in vehicle is at the dealers discretion