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Mitsubishi Launches 5-YEAR / ?2,000 SCRAPPAGE SCHEME

31 May 2009 27 No Comment
* ?2,000 ?scrappage? allowance on 5 to 10 year old cars with Mitsubishi
* Range of low deposit, low interest finance schemes helps drivers into a new car with ?100 million ready to lend
* 21% of Mitsubishi dealer orders for May have been sold via the scrappage scheme

Shortly after the UK Government?s vehicle scrappage scheme went in to operation1, Mitsubishi Motors in the UK has extended its participation to include vehicles of 5 through to 10 years old to maximise its already impressive success with the scheme.

Mitsubishi Motors? UK Director of Sales and Marketing, Toby Marshall said, ?we have had immediate and resounding success with the Government?s scrappage scheme, with over 21% of our dealers? May orders coming through the scheme. To help maximise on this momentum, we have decided to launch our own scheme, which means a customer can bring in a car as young as 5 years old to any participating Mitsubishi dealer.?

With over 17% of new-car customer enquiries now coming via the scrappage scheme route, Mitsubishi has also confirmed that customers can choose from a range of finance plans to suit their pocket with loan periods of 12 months to 5 years, deposits starting at 10% and interest rates as low as 0%.

Furthermore, Mitsubishi has secured ?100 million through its finance arm, Finance Mitsubishi, to help get customers into the car of their dreams ? with or without the help of the Government?s ?scrappage? allowance.

Terms and conditions apply, as follows:

* At participating Mitsubishi UK dealers only
* The trade-in vehicle has a current tax disc and a current MOT certificate or has a current tax disc and a current Hackney Carriage Licence or has an MOT certificate expiring no earlier than 14 days before the date of the contract between the Purchaser and Dealer for the acquisition of title to the Vehicle by the Purchaser
* At dealer?s own discretion
* The trade-in vehicle is not an insurance write-off
* The trade-in vehicle allowance is against eligible vehicles only
* The trade-in allowance is for vehicles registered between 31st August 2004 and 31st August 1999

1 Scrappage Scheme announced in the Chancellor?s budget in April 2009, effective from Monday 18th May 2009

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