BMW Scrapping incentive!

[Bewdley320T]

Its all cobblers anyway, if I walk into any car showroom with £20k to spend I'll bet anybody I can get at least 17% knocked off without a trade in.
I got 19% off an Astra Van in 1982.

[SUMPCRACKER]

you dont have to have been stupid to be drawn into anything. how many people have the cash to buy a home outright? not many. so a morgage is the only answer. how many are now losing their jobs with no prospect of new work due to several factors and now face losing their homes ? is that their own fault?
were reaping whats been sown over the last few years as greed has spiraled out of control with modest profits not being enough, companies have been squeazing as much as they can screw out of everyone forcing prices up and up and beyond the reach of joe public, the bubble had to burst sometime..

All modern prices are to do with what people could borrow.If there was no such thing as borrowing money, houses/cars would never have reached the value they did.
I think now prices of all things will get a lot more of a realistic balance with wage.
If people only have their own money for a new car the dealers are going to have to sell at a real life price and you wont see new motors everywhere.
Im happy with the fact that prices will fall but many companys will fall because of it as they have bought their stock /materials at the previous high value and are now selling low.
If they can swallow that cost, the next stock they buy will be at the new deflated cost and will be relevant to the low selling price.

[gudgeon]

It cheers me no end when I read posts that demonstrate that the general public are much more aware of what's going on than it would appear from the media.

The government failed to act for 10 years and instead encouraged reckless financial practices. Those who fell for it are now in the majority and will therefore, one way or the other, be bailed out (devaluation) by those who continued to save so as not to overstretch themselves on a mortgage during an obvious housing bubble, and by our children who will still be paying this in 20-30 years.

As for 2500 for an old car, quite obviously political rather than environmental.
Will there be enough relative demand to cause a second hand car bubble?