Diesel scrappage scheme - check how much your car could lose to depreciation
WITH diesel cars under fire in the UK, their drivers are concerned about whether or not their cars will eventually be worthless.
Chris Grayling: We have a scheme to get rid of diesel cars
The Government are facing increasing pressure to introduce measures to remove the most polluting vans, taxis and cars from the roads, leaving owners of diesel vehicles concerned about the future values of their vehicles.
Chancellor Philip Hammond said the Government would ‘explore appropriate tax treatment’ for diesels ahead of the Autumn Budget.
It is unclear what the future of diesel cars will be but experts predict a drop in residual value of diesel cars, if a scrappage scheme was to come into place.
Check the value of your diesel car using a simple online tool
A Daily Express poll revealed that 80 per cent of readers believe that diesel car should not be banned and a 92 per cent believe that the Government should offer them a full refund for their car if they are forced to switch.
In a bid to alleviate some of the anxiety surrounding diesel cars, vehicle data service hpi has launched a free online tool that displays the future valuation of vehicles.
This is the first time future valuations of cars have ever been provided and shows the future value of cars, which are five year old, over the next five year period.
Example valuations using the online tool:
Nissan Qashqai Tekna Dig-T 2014
Price new: £23,090
Sale price (today): £12,600 -£13,200
Sale price 2020: approx £7,500
Volkswagen Golf GT TDI BMT S-A 2015
Price new: £25,565
Sale price 2020: approx £8,500
Vauxhall Astra Exclusiv 113 2012
Price new: £16,925
Sale price 2017: £4,775 - £5,100
Sale price 2020: approx £2,200
Ford Mondeo Vignale TDCI Auto 2016
Price new: £30,815
Sale price 2020: approx £12,000