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Hyundai Offers Scrappage Money in Canada

Following a remarkable success recorded in the scrapping schemes established by both the United States and the United Kingdom, the South Korean automaker Hyundai is looking to maintain the same high level of sales in Canada so it will begin offering scrapping incentives. The $500 to $1,000 (Canadian dollars) bonuses will be offered to consumers who agree to trade-in their old car and purchase a new and more environmentally-friendly Hyundai.

According to a report by hyundai-blog.com, the carmaker says it is the very first car manufacturer in Canada that offers cash incentives to people, thus helping both consumers to get new and fuel efficient models and the government who is struggling to cut emissions across the country.

In order to become eligible for the scheme, a consumer must trade-in a vehicle manufactured in or before 1995. The car must be registered and insured for the last 6 to 12 months, the aforementioned source, and must be in working condition.

Hyundai has high expectations from its small displacement models that posted very high sales in other scrapping schemes.

"We've just had a delivery of 800 i10s and i20s and we will get them out to dealers in time for mid-May when the scheme is expected to go live," Tony Whitehorn, Hyundai UK's managing director, said in April when the first positive signs of the UK scrapping programme started appearing.

"We expect these, and our existing stocks, to sell quickly though and so are negotiating with the factory to secure more production and keep up with the expected demand. This is a great opportunity for car buyers to move up to a cleaner, safer and more reliable new car and we don't want to disappoint a single customer," Whitehorn concluded.
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About the author: Bogdan Popa
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Bogdan keeps an eye on how technology is taking over the car world. His long-term goals are buying an 18-wheeler because he needs more space for his kid’s toys, and convincing Google and Apple that Android Auto and CarPlay deserve at least as much attention as their phones.
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