Nevertheless, although the scheme is being extended until the end of the month there is no more funding to be added by the government as the scheme is still set to be phased out with limited availability already for drivers across the UK.
There remains room for another 70,000 vehicles to be used in the scrappage scheme and complete premise of the method has come in for significant praise.
Business Secretary, Lord Mandelson, said: Against the background of the economic downturn the Scrappage Scheme has proved a great success, driving UK car sales, protecting jobs and supporting the supply chain for car manufacture at a time when this sector needed it most.
If youre considering buying a new car, you should place your order as soon as possible to avoid disappointment, because the budget is strictly limited.
The scheme is also put in place not only to recycle old used cars in an eco-friendly fashion, but to allow drivers the opportunity to upgrade treat themselves to a brand new car. It is likely that owners of vehicles aged 10 years or older will have just third party car insurance, the minimum legal requirement in the UK but the opportunity to enjoy a new set of wheels and a comprehensive UK car insurance policy is not to be missed.
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