Car depreciation set to burst scrappage scheme bubble
Green Cars News
MAY 15, 2009
Car buyers, set to take advantage of the UK’s £2,000 scrappage incentive, to be launched on Monday, could find that the benefit of the scheme wiped out in depreciation within just 88 days of purchasing a new vehicle. The UK’s best-selling car – the Ford Focus Style – loses £8,625 or 51 per cent of its value in the first year alone.
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