Hyundai scrappage key points
- All-makes petrol and diesel scrappage and trade-in scheme
- Incentive discounts apply to most new models, ranging from £1,500 to £5,000 off list price
- Scheme applies to cars Euro 1-4 emissions standard: registered before December 31, 2009
- Trade-in vehicle V5 (log book) must have same address as new vehicle, with old vehicle kept for more than 90 days
- Scheme runs from September 1 until the end of 2017.
HYUNDAI Motor has launched a new petrol and diesel scrappage and trade-in scheme offering up to £5,000 off the price of a new model with £4,000 off a new i30.
Running from September 1, Hyundai’s scheme targets older and more polluting vehicles with Euro 1-4 emissions standard, cars which were registered before 31 December 2009.
Hyundai will offer owners the opportunity to scrap or trade in their old car, regardless of make or model, for a brand-new Hyundai, with a range of four-figure incentives available across the line-up.
The maximum discount is £5,000 off the price of a Sante Fe, with £4,000 off the i30, £3,500 off the Tucson, £3,000 off the i40, and £2,000 for the IONIQ Hybrid, i20 and ix20 while the i10 will also benefit from £1,500 saving.
The offer will mean the i10 S 1.0 is available from £7,995, the i20 S 1.0 from £9,495 and the i30 S 1.0 from £12,995. The savings will be supported by 2.9% APR from Hyundai Finance, subject to terms and conditions, to maximise monthly affordability.
Under the terms of the scheme, the most polluting (Euro 1-3 emissions) will be scrapped, while owners of a Euro 4 model do not have to scrap their car and can trade-in their vehicle for most models across the Hyundai range with few exceptions.
The offer is only available for retail customers and the discounts in lieu of any other offer. The scheme will run until the end of 2017.
Tony Whitehorn, president and CEO of Hyundai Motor UK, said: “Hyundai is committed to improving efficiency and lowering emissions. We currently offer the broadest range of powertrains currently on sale in the UK.
“We’ve already launched the new Ioniq – the world’s first car to offer hybrid, plug-In hybrid and full electric powertrains all in one bodystyle – and we were the first manufacturer to bring a production fuel cell vehicle to the market in 2014.
“Moving on, we will have introduced 14 alternative-fuel models globally by 2020. That line-up will include five hybrid vehicles, four plug-in hybrids, four electric vehicles and one all-new Fuel Cell car.
“However, right here, right now, there are thousands of older cars on our roads that could be replaced with cleaner – not to mention better equipped and safer – alternatives.”
This is not the first time that Hyundai Motor UK has introduced a scrappage scheme. Back in 2008, the company was the first to introduce a scheme which ran from April 2009 to March 2010. Over that period, it enabled over 45,000 customers to move into new, safer and cleaner cars.