"Eligible cars cannot be in the luxury class and would include such models as a Toyota Hybrid Camry, Holden Cruze, Ford Falcon EcoBoost, Toyota Corolla or a Mazda 3. The old vehicles will be scrapped under the scheme to ensure they are not returned to the road."
The rort will be, that the wrecking yard, will give a receipt for the car, but the car will simply be sold again.
A lot of the older cars (those with about 1500 cc), give about 10 km/litre, and are probably worth persevering with .
As has been mentioned , but there are change over costs, which would include financing costs, higher insurance costs. I have a pre 1995 vehicle, and would not be bothered with the offer.
A lot of pre 1995 cars, already have a low sale value, so they cannot fall much further in value. If a person buys a new car, then that will fall in value, very quickly
