Drivers told 'hurry to take advantage of Scrappage Scheme'

Car insurance policyholders looking to save money on a new vehicle purchase are being reminded they only have a short time before the government's Scrappage Scheme expires.

The initiative, whereby car and van insurance policyholders can receive up to £2,000 off a new vehicle when they scrap their old one, will run out at the end of February.

Auto maker Mazda is urging drivers to be quick if they want to take advantage of the discounts.

"It is important that any customer considering purchasing a Mazda through scrappage takes advantage of the scheme sooner rather than later, as the final phase of the scheme is a smaller allocation of funds and customers may be disappointed if they wait too long to make a purchase," commented Jeremy Thomson, managing director of Mazda Motors UK.

Among the vehicles being offered at cut price is the Mazda2, which the firm is slashing by £1,000 in addition to the £1,000 paid by the government. Meanwhile, those opting for the RX-8 model will qualify for £5,000 off from Mazda as well as the government's subsidy.

Car buyers will have until February 28th to purchase a vehicle while van drivers have until the 29th.

To qualify for the scheme, the vehicle a driver plans to buy must be declared new at first registration and have no previous owners. It must also have been registered in the UK on or after mid-May 2009 and weigh no more than 3,500 kilograms.

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