Motorists looking to take advantage of the government scrappage scheme have been advised to act as quickly as possible to avoid missing out.
Online car retailer Motors.co.uk has hailed the impact of the initiative, crediting it with prompting an increase in new car sales since it was introduced earlier this year.
However, drivers still looking to use the scheme to purchase a new vehicle of their own have been warned that it may end sooner than expected.
Although the government has set a provisional March 2010 end date for the programme, it has only allocated £300 million in funding, which the website estimated could be exhausted as early as October.
As a result, Katie Armitage, marketing manager at motors.co.uk, states that there has “never been a better time” to shop for a new car and urged drivers to claim their share of the limited funds available.
This comes after the National Franchised Dealers Association last week called for the scheme to be extended in order to promote further recovery for the car retail industry.
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