Scrappage scheme deals – March 2020

Scrappage schemes: Who’s offering the best deals?

As we come to the March numberplate change, a dozen car makers are offering new car scrappage scheme discounts to entice buyers into showrooms at the same time as helping to rid the roads of older, more polluting motors. Citroën has made the biggest gesture, with a blanket £5000 off most of its model line-up.

The offer represents a discount of well over a quarter of the price of an entry-level C3 Aircross and nearly £1000 more than the current manufacturer’s finance deposit contribution (FDC). The only model with a smaller discount is the C1, on which there’s a £3000 scrappage incentive.

Ford had the biggest take-up of its scrappage scheme when it was first launched in 2017, with thousands of vehicles sold. For 2020, it has renewed the scheme, with discounts of up to £4000 off cars and up to £7250 off vans. The savings represent far larger discounts than current manufacturer FDCs. The current contribution from Ford on a new Focus is £500, while the scrappage discount is £2000 – so scrappage is likely to prove popular with buyers again.

Until now, discounts on fully electric models have been as rare as hen’s teeth, but Renault has introduced a scrappage saving of £3000 on the Zoe (pictured); that’s almost three times the current advertised discount and takes the price of the cheapest version to below £24,000.

Mazda doesn’t traditionally offer sizeable discounts, so £3000 off the 3 hatchback and £4000 off the CX-5 large SUV look appealing, especially when you consider that the current deposit contribution on the CX-5 is £1500.

Plug-in hybrid buyers might be tempted by Mitsubishi’s new scrappage deal. It’s offering a saving of £4000 on a 2020 Outlander PHEV and £4500 off a 2019 model.

Target Price is researched by What Car?’s team of mystery shoppers. To find out more, please contact insights@haymarket.com