Tuesday, March 10, 2009

Car-scrapping bonus

The car-scrapping bonus will actually help the car giants as Kia, Volkswagen and PSA Peugeot-Citroen, that have plants in Slovakia. This is one of the ways that the government of Robert Fico is planning to assist the car industry in Slovakia.

Owners of cars which have been in use for the past ten years and were registered on the territory of Slovakia before December 31, 2008, might be soon eligible for a €2,000 bonus to have them scrapped, providing they buy new ones. The cabinet decided on March 4 that the minimum sum, the state would provide, would be €1,000. If a car dealer were to contribute a €500 discount, the state would match it by paying another €500 of the buyer’s final bill. But the car-scrapping bonus will only apply to new cars with price under €25,000.

Not only private individuals but also the self-employed and legal entities will be eligible for the scrapping bonus.


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