The discount will be offered whether you pay with cash on a PCP finance deal, on cars registered by 31 December 2020. Scrappage cars must have been owned for at least 60 days. Traded-in vehicles will be scrapped by CarTakeBack, which recycles 95% of components and materials.
The savings available with a scrappage scheme can be tempting, but they don't always represent the best deal, not least because they are only available with brand new cars. It's worth considering some key points: You may pay less by part-exchanging your current car - especially if it's worth more than £2,000.
Manufacturers currently offering scrappage schemes
- Ford Scrappage Scheme.
- Hyundai Scrappage Scheme.
- Kia Scrappage Scheme.
- Mazda Scrappage Scheme.
- Toyota Scrappage Scheme.
The Kia Scrappage programme offers customers a saving of £2,000 off a brand new Kia Picanto or Rio and £2,500 off a new Stonic, Niro Self-Charging Hybrid, Niro PHEV or Sportage, when trading in your old car or van.
With Kia's Scrappage Scheme, you could trade in your old car and drive away in a shiny new Sportage, Stonic, Niro Hybrid, Rio or Picanto, with up to £2,500 off the cost. What's more, you'll also make the Kia 7-Year Switch, as all new cars come with seven years of worry-free driving, thanks to Kia's famous warranty.
To start the process, all you have to do is go to the dealership you plan to buy or lease a new vehicle from and tell the car salesperson that you want to trade your old car in. They'll take the wheel from there. After giving it a test drive and appraising its value, the dealership employee will make you an offer.
The scrappage scheme can't be used in conjunction with any other offers but the savings apply to finance as well as cash buyers. The scheme runs until 15 December 2020.
How to scrap your vehicle
- Apply to take the registration number off the vehicle if you want to keep it.
- Scrap your vehicle at an ATF .
- Give the ATF the vehicle log book (V5C), but keep the yellow 'sell, transfer or part-exchange your vehicle to the motor trade' section from it.
No dealer will kill a sale by refusing a trade. I've taken cars that got towed in as trades before. They'll never refuse it, but they might only give you $100 for it. If they want to move the new car they will work on the trade.
If your trade-in is financed and you have equity, the dealer will pay the remainder of the loan and subtract the equity from the price of the less expensive car. If the equity of your trade-in exceeds the price of the car your trading for, the dealer will cut you a check for the difference.
If the dealership doesn't have a car that you want, you can't trade in the car. There is no provision that allows you to trade in a vehicle at one dealership and purchase from another, nor at a later time.
How to get the best trade in value
- Take care of your car.
- Make repairs as necessary.
- Keep the car clean.
- Do your research.
- Familiarise yourself with common dealer tactics.
- Look around for the best deal.
What documents do I need to part exchange my car?
- Your Car's V5C. This is also known as your car's Log Book.
- What do you do if the V5C is lost?
- Your Original Purchase Receipt.
- MOT Certificates.
- Service History.
- Original Owner's Manual.
At the time of the actual trade transaction, your car dealer will pay you the difference between what your trade-in is worth and the price of the car you are purchasing. Some states only charge taxes on the net sales amount after the trade in. In this case, you would owe nothing.
Can more than one vehicle be involved? Yes, again there are many combinations but we are happy to do whatever suits you, for example if you have one car and you want two, or you have two cars to part-exchange but only want one that's not a problem. You can even work bikes and vans into the equation.
Car dealers are open to all kinds of negotiations when it comes to selling vehicles, including two-car trades. To get the maximum trade-in value, research what your cars are worth prior to going to the dealership and entering negotiations.
For most dealers, trade-ins need to be reconditioned anyway. As long as the damage isn't extensive like missing bumpers and shredded fenders, they'll take your car on trade. Because body repairs are expensive, trading in a damaged car won't be kind on your trade value.
10 Things You Should Never Say to a Car Salesman
- “I really love this car” You can love that car — just don't tell the salesman.
- “I don't know that much about cars”
- “My trade-in is outside”
- “I don't want to get taken to the cleaners”
- “My credit isn't that good”
- “I'm paying cash”
- “I need to buy a car today”
- “I need a monthly payment under $350”
They will check the current market value on your vehicle.After the used car manager has test drove your trade he'll check the local current used car market and see what your specific car is bringing on the wholesale market.
It is beneficial to spend some time sprucing up your car before beginning trade negotiations, but be sure to set a budget for small fix-ups. Perform simple maintenance and cheap cosmetic fixes (like fixing scratches), but remember that you don't want to spend so much money that you end up losing money on the trade.
If you need to unload quickly or don't want to deal with the hassles, then the convenience of trading in is worth the hit you'll take on the trade. These states charge tax only on the difference between your new car purchase and the value of your trade-in, rather than on the price the new car.
You can either trade your car in for a newer car, which will give you the most value if you intend on buying something newer. Or sell it to a used car dealer for cash. Top tip: You don't need a roadworthy certificate when selling your car to a dealer, which is an added benefit.
If your vehicle should be issued a “salvage,” “total loss,” or similar title by law, a financial institution, or insurance company, your warranty becomes void. Kia genuine parts are built and tested to exact specifications. If you don't use genuine Kia parts you'll void your warranty.
Kia's Owner Loyalty Program is for Kia car owners with registered cars. You can avail between $500-$1500 in discounts when you choose to either buy or lease a new Kia model.
Kia on the UpswingToday, the Kia Soul is rated as the most dependable small utility model in its class (by a landslide) and the Kia brand as a whole takes second place as the most dependable on the market in 2019.
"It is important to note that Kia's resale values, including the Sedona, are rising," says Kia spokesman Alex Fedorak.
If you buy a car that is financed through the dealership, the dealer CAN cancel the contract, but only if it notifies you within 10 days of the date on the purchase contract. This type of financing is sometimes called a “spot delivery.” It is based on the language of the purchase contract.
Contact the Claims Administrator at 1-855-951-0807 (Toll-Free) or .
Whether you're buying or selling a car, you'll want to find out its real value. Our free valuation tool gives you an up-to-date price based on the car and its mileage. Find out a car's value, whether it's being sold on the forecourt, as a private sale, or if it's being traded in.
