Confused.com applauds ‘cash for bangers’ scheme

”Confused.com

Confused.com has welcomed Alistair Darling’s cash for scrapped cars scheme, announced in this week’s budget.

The price comparison site described the initiative - which pays motorists up to £2,000 for handing in their old car to update to a brand new model - as ‘fantastic’.

It is hoped that in addition to giving a boost to the struggling car industry, ‘cash for bangers’ will also reduce pollution by taking oil guzzling older cars off the road.

Will Thomas, head of motor insurance at Confused.com, said: “The car scrappage scheme is a fantastic idea, which has worked brilliantly in other European countries.

“New car registrations fell by more than 30 per cent last month alone, so this incentive is a welcome move to kick-start the car market again.”

Under the scheme, cars and vans that are at least nine years old can be traded in for £2,000 towards a new car, or a vehicle that is less than one year old.

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