How to make quick profit from the scrappage scheme
Right, listen up at the back.
Want to earn 1100 fresh oncers my son? Come and have a word wiv uncle Arfur.
All totally kosher, nuffin 'ooky about it.
Glass's Guide says that for in-demand superminis such as the new Ford Fiesta, Fiat 500 and Citroen C1, a profit of up to £1,100 is a cert in a one horse race if the punter had received the full scrappage trade-in discount and then sold their new car privately, sharpish like.
"The potential profit is greatest for those cars where the nearly-new value is currently high in relation to the list prices; notably small, affordable cars with low running costs," explains Adrian Rushmore, Managing Editor at Glass's. "Extended new-car delivery times are supporting these windfall profits, because prospective buyers not eligible for the scheme are more likely to gravitate towards second-hand examples - indirectly boosting residual values - rather than suffering the wait for a new model. "
Yeah, what ever.
My plan is this. We sell that banger her indoors drives, is only worth a pony but the mug wiv the fancy isand down the road will wedge us up.
Then we sell the new metal and spend half the profit on another smoker for the dutchess and half down the Winchester. Come along Terrance. Chop, chop.
Well they weren't wrong, scrappage will stimulate car sales.
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