Plan PIVE relaunched: Great deals for car-buyers as Spanish motor industry flourishes
Friday, October 18, 2013 @ 10:40 AM
A FOURTH version of a 'scrap-for-cash' part-exchange scheme allowing drivers to get new cars at heavily-discounted prices is due to be launched in the next few days thanks to a government investment of 70 million euros.
The Plan PIVE, which has run three times now and allows owners to trade old cars in against brand-new models for a generous scrap value giving them a sizeable reduction on the purchase price, has proven to be highly successful in giving Spain's flagging motor trade a boost and getting very old and potentially unsafe cars off the road.
Piloted in 2012, the Plan PIVE is now in its fourth campaign and is expected to continue until the end of this year.
As a result, a total of 200,000 people have been able to trade in their old cars for new ones in the last year and a half.
Read more at thinkSPAIN.com