artill:Does anyone know what the German scheme has done to the value of the existing second hand cars? I cant see how it can do anything but knock thousands off them too.
On the contrary, I think it could cause values of used cars at the lower price range to increase, because a large chunk of cars (some of which will actually be quite reasonable motors) will disappear, so the buyer with just £500 - £2000 to spend will be faced with a smaller choice of stock to choose from. Afterall not everyone will want to buy a brand new / nearly new car, scrappage scheme or not. What gets me about scrappage is the thought of cars like 8/9/10 year old Audi A4's/Merc's etc being scrapped!! Utter madness and a total waste in my opinion, as I would hardly class these cars as old, middle aged perhaps.