Yup, that's pretty much all the details. When I bought my '17 Bolt and "scrapped" my '03 focus you simply bought an eligible car then applied for a rebate afterward, and hopefully there were allocations left in the pool to draw from. In the past could years the process has changed and allocations are matched to cars in dealer inventory ahead of time, so if you want to take advantage of a Scrap-It rebate you'll need to buy a car that has an allocation attached to it. The price for the dealer is the same, they make the same money either way, but you get a cheque if you buy a car carrying an allocation. When I handed over my car it wasn't stripped, but I did pull off pretty much anything that I could get decent resale for, some of which I replaced with junker parts so I could drive it there. Spoiler, stereo, I pulled and left off, I pulled my nice aftermarket wheels etc. but replaced them with junker wheels and bald tires that I picked up for cheap just so I could drive the car there.FYI - I dug into this recently and there are a lot of rules:
Yes, I am cynical. But I am also looking out for that total POS car with enough good parts to strip and sell off if scrap-it is a bust for me, lol. Either way it will take one ICE car off the road.
- There are only 2500 incentives offered per year. Usually runs out by August or September.
- It's been going on since 1996 but there is no guarantee it will be available next year.
- Need to buy from a dealer accredited with the program. Not sure if these dealers will just jack up their prices if they catch a whiff of you being interested in scrap-it.
- Only 250 incentives for used vehicles. Incentives are halved for used. And remember they can only be bought from certain dealers. No EV can be elligible for a scrap-it incentive twice so check carefully to ensure that a used EV has not had a scrap-it incentive already.
- The car you bring for scrap needs to be insured for six months prior to application. And it has to be intact (can't strip it to sell parts). Scrap-it is aware that anyone with a brain will just buy a total POS for the scrap-it program so I expect the rules will tighten in the future.
- FYI - this is not a government program. It's financed by some super-secret guy who they won't name. So probably financed by the car dealers themselves to lure in prospective buyers.
- And there are more rules. And more. Just check their website.
Nicely done, I got $11,000 which I was pretty happy with at the timeI thought it was a piece of cake. Of course there are stipulations...it's 6 thousand frickin' bucks. I scrapped a 92 Geo Metro. I bought my Bolt the first day the feds started their rebate and before the province dropped theirs...so 16 thousand dollars thank you very much.
Yes in our case one less stinky, smoke belching diesel that was well passed it's best before date.Thanks for your replies. One other thought: if you are buying an EV for the sake of the environment remember that adding an EV to the planet's vehicle fleet does not really help. What makes the difference is removing one ICE car from the fleet. So in that regard the scrap it program is effective and we are fortunate to have it.
Agreed, Site C is a mess! I look at it this way, The EV in a few short years is forcing auto makers of it's 120+ year ICE addiction.And yet...we gotta get power for all these EV's from somewhere. Site C is quite a conundrum. Mining the metals, rare earth or otherwise, for all these EV's is troubling. And of course the old saw of how much carbon is spewed in the making of all these EV's. I just got really tired of paying for gas all the time. So I'll keep my head in the sand for all the rest for now.
I scrapped a '92 Geo Metro that consistently got over 50 miles per imperial gallon. But $6k! from the dealers association or whoever (not the government) thank you very much.
Glad it worked out for you.So the scrap-it program worked for me. I got more than the car was worth. Scrap-it claims that the car will actually be scrapped, not resold for parts. But the scrap yard seemed excited to see the car so I guess they had plans for it. I hope they don't sell the gas burning engine for someone else to pollute with - but I had my own way of preventing the engine from being reused
The program insists that the old car being brought in is "intact", but I think they mean "complete". Still, that didn't stop me from selling off some of the good parts and replacing them with cheap crappy worn out parts to pocket a few extra bucks. The substitutions weren't too obvious and no one seemed to care.
One thing I learned is that each dealer receives only a certain number of scrap-it allocations. So even though there is still money in the scrap-it program an individual dealer cannot help you if their allocations are spoken for. So when you make your offer on the car make sure you insist that it includes a scrap-it allocation or you may be SOL.
The paperwork was easy and scrap-it paid on time.