Van insurance companies have noted that the sellers of new commercial vehicles have failed to exploit the "Cash for Scrap" scheme as vigorously as new car sellers.
A spokesperson for van insurance company Stavely Head commented, "Due to the extensive promotion of the scheme most people are now aware that they can get a £2000 trade-in on their ten year old car if they buy a new one, but very few realise that the scheme also extends to small vans. That is vans under 3.5 tonnes."
"The car market is far larger than the van market and we assume that is why it has received greater promotion. Anyone wishing to trade-in their old van will find that the dealers will do all the paperwork, as well as arranging for their old car to be scrapped."
The spokesperson added his belief that many van insurance companies would be providing further incentives to take advantage of the scheme. "Many manufacturers are endeavouring to boost the potential of the scheme by offering supplementary discounts on larger vehicles and we as insurance brokers will be supporting the initiative by offering substantial discounts on all van insurance quotes we give," he said.