scrappage scheme...

[joko]

i have an old banger and its on its last legs... i am intending to buy a small second hand motor home for around £5,000, but im having trouble finding one that suits that i can afford etc

so i thought that id buy a normal car for now, then sell it when i find a suitable motorhome...
what i was wondering was if i was to buy a car worth £5000 and used the scrappage scheme, thereby getting the new car for £3000...if i then sold it when i find a motorhome, could i sell it for £5000?
or woudl there be a great loss? i would not imagine id hve the car for that long, 6 months a tthe most maybe.

just want to make sure i have all the money i need for the motorhome

thanks

[redcrx]

the scrappage scheme is on brand new cars only. Resale value would be subject to depreciation which is likely to be around that figure anyway.

Depreciation occurs almost as soon as you drive the car away from showroom

[hc4361]

Don't know if there any brand new cars for £5000.

[joko]

didnt say a brand new car

i meant new to me

[hc4361]

The scrappage scheme applies only to brand new cars.

[logic]

if you are wanting to buy a car to make a profit, why not get a mate who knows the trade, and take your three grand to a trade auction,

[joko]

thi has nothing to do with mking a profit...i just wondered if i get a car worth £5000, and then sell it, will i get £5000 back....

[lilsecret]

Readit agin Joko

The scrappage scheme applies ONLY TO BRAND NEW CARS.

[redcrx]

to buy a second hand car at £5000 you will not get the scrappage scheme money.

If you buy a car worth £5000 then it may still be worth near that in 6 months time. Or it may not!

Shop around for a bargain maybe? someone having to sell preivately as they cant afford to keep car or something.

You need to do some homework if you dont want to lose money or want to make a profit. tbh it may be better to either repair your car to last another 6 months or buy a very cheap car thats taxed and tested just to get by

[Coobeastie]

Thing is the car you'd be buying from a dealer or garage (which you'd need to do if you wanted to trade in your banger) they would have put a markup on the cost of the vehicle to get it to the sale price of £5000. Unless you were incredibly lucky you wouldn't get £5000 back on it when you came to sell it.

Scrappage scheme as other has said won't apply as the car purchased has to be brand new.

[R1Geezer]

To answer you main question., it is veirtually impossible to buy a car and get your money back when you sell it, end of. The scrappage scheme is for new motors anyway.