Hi Marc D
If the cash back offer increased, it might attract a wider audience, i.e. those who have been running older cars and who have some money for a new model and need to change their vehicle for (say) family circumstances – whether up- or down-sizing or possibly where they want to take advantage of improved fuel consumption/less VED. It might also prove attractive to those who may have had a company car and their firm is cutting back so this won’t be provided in future.
I can’t really see it helping a great deal for the low paid and pensioners who are scraping a miserable existence with Council Tax, services bills, fuel and food, in particular, increasing in price. (59p for own brand baked beans, anyone?) The advantage of older cars is that they are cheaper to work on, whether yourself or at a garage – as others have said. Therefore, if you need a vehicle and have insufficient funds to raise the price (allowing for the cash back), you’ll keep your older car going.
Where I believe there is going to be a problem is that £2000 is a significant amount off a car costing £8000, it is peanuts if the model you need (note, need) is £18,000. This would not help the likes of Land Rover for example that is in difficulties or other 4x4 manufacturers yet, it is a simple fact that, whilst these are not urban vehicles, there’s many who use them properly in the course of daily life and this does not necessarily mean people with a lot of money!
Personally, my car is five years old and just hit 35000 miles. It’s converted to LPG and is ideal for my disabled Mum to get into/out of, plus it serves as a workhorse for my hobby, my volunteer work and the odd camping weekend with son, friends and dog! Under the proposals, I wouldn’t be eligible. It would therefore require something drastic – if this scheme continued for another four years – to make me change and I’d still need a 4x4 off roader if I was to get any enjoyment out of my life. I don’t want to sound harsh and selfish and love my Mum to bits but, having been a carer for 12 years, these do offer me some special time for myself.
FJ