Research from Sainsbury’s Finance has found that since the launch of the Government’s scrappage scheme in May, an estimated £61.2 million of personal loans per month have been taken out to purchase cars, compared with a monthly average of £44.7 million in 2009, prior to the scheme. The scheme, which pays consumers £2,000 to get [...]

More: Car loans rise following launch of ‘cash for bangers’ scheme

One of the better ideas that government has come up with. Lets hope they will keep extending it and support what is a very important to the UK economy ;-)