Which car should I trade in?
I have a 2000 Micra with only 40,000 miles, its our second car. We also have an 2004 VW Passat 2.0-litre Diesel. Would I do better in the Scrapage Scheme with the Micra or trading in the Passat. We would like something similar to the Passat or even a little smaller.
Donal Mc Menamin (Dublin)Jun 2011 Filed under: choosing new car
Expert answer
Hi Donal,
That is a very good question, but one that you really might not have a choice on. The scrappage scheme ends in just six days, you would have to have scrapped the Micra and registered your new car by then to ensure that you get the scrappage allowance. Having said that, if you get a car that is already in stock then you would certainly probably be best getting the most amount of money possible for the lower value car and that will certainly be the Micra.
As we have mentioned here before, Renault offer the most amount of money off a new car through the scrappage scheme so in effect if you bought something like a Megane or Fluence you could make your Micra very valuable. I am doubtful that you would want to go from a Passat to a Megane or Fluence however, despite the fact that you do mention you would get something smaller.
The other side of this arguement is though, that you would have to put less money towards your new car if you traded in the Passat - so I guess that part really depends on your own circumstances. If you scrapped the Micra you would still be left with the Passat, which you will need to change again at some stage I am sure. Economically, it might make decent sense to hold on to the Micra. Just because it is old doesn't mean it has to go. It could last another few good years doing the job it has been doing well. If the Micra is costing you little or nothing now, it isn't likely to depreciate too hard, while you could maximise the value of your Passat by trading it in now rather than letting the mileage get too high.
To be honest, the obvious choice for me, if you were intending getting something similar but not quite as big would be to go for the new Volkswagen Jetta. It isn't quite as big as the Passat but feels every bit as good. You didn't mention a budget to us, so if you need to be more specific then come back to us, but the new Jetta would be an ideal purchase.
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