Plan 2000E was launched by the Spanish government in May 2009.It is a plan which was launched to stimulate the motor industry.At the beginning of february 2010 the scheme saw 268,793 sales.The government has been very pleased with the result and consequently they have extended the scheme into 2010.
The government has set aside 100 million euros to boost sales and manufacturing in the car industry.A new car buyer will still receive 2000 euros ,500 from the Ministry ,1000 euros from the manufacturer and 500 euros from the CCAA towards the purchase.This of course is for a brand new vehicle.
The second hand market is not so pleased with the scheme as they sell many cars at a premium price in Spain.This applies particularly to the luxury end of the market.It is often cheaper to buy a second hand car in the UK,Germany or Belgium and transport it to dspain rather than buy one here.
One result of this new initiative is that over 250,000 old cars have now been scrapped and will never get into the second hand car market.So if you have a car which is worth less than 2000 euros ,which you want to get rid of and purchase a new one then you are still able to do so in 2010.
