Mark Wadsworth brings up an interesting point regarding the car scrappage scheme.
The £2,000 incentive under the Government's "cash for bangers" car-scrappage scheme will be wiped out in just 88 days due to depreciation, it has been revealed.
It's also worth pointing out that few dealers - if any - are prepared to offer the usual discounts that could be negotiated if your taking part in the car scrappage scheme. That alone could wipe out any perceived benefit for the buyer.
Whilst on the subject of cars, I wonder how many people are aware of the benefits of choosing a classic car instead of a new model for their company car? If you're the sort who qualifies for a company car, but doesn't do an awful lot of company miles then you can save a fortune in tax by choosing a car over 15 years old with a current market value more than the original list price.
Hmmm - is there a market to be exploited there? Classic car leasing? What was the list price of a '78 Triumph Stag or a '64 Zephyr 6?
'Scuse me - I've got a business plan to write.