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TAKE 2,,HOW TO LOOSE £8,000 IN 88 DAYS

ProfilePosted byOptionsPost Date

DIZZI

DIZZI Report 17 May 2009 12:42

SECOND TRY

THE GOVENMENT ARE OFFERING CASH FOR BANGERS CAR OWNERS WITH CARS OVER 10 YEARS OLD WILL GET £2,000
TO TRADE IT IN FOR A NEW CAR,
BUT YOU LOOSE ALL BENIFETS IN 88 DAYS

The company said on average, the initial £2,000 incentive
is wiped out in depreciation in just 88 days of owning the
new car.
In total, new vehicles purchased under the Government's car
scrappage scheme are set to lose £12.5 billion in depreciation

after just one year, it said. Purchasing one of the top 10 most
popular new cars costs £16,232 on average and this value
plummets by 49% in the first year alone, while the UK's
best-selling car -
the Ford Focus Style - loses £8,635 or 51% of its value in the first year