Scrap Vehicle Incentives and Special Consumption Tax Reductions: Innovations in 2023
To be implemented in Turkey as of 2023 scrap vehicle incentive, offers an important opportunity especially for vehicle owners aged 25 and over. This incentive aims to both popularize environmentally friendly vehicles and remove old vehicles from traffic. In this article, we will examine in depth the details of the scrap vehicle incentive, its advantages and market effects.
Purpose and Scope of the Incentive
The main purpose of the scrap vehicle incentive is, Vehicles 25 years old and older is to add it to the economic cycle. In this context, scrap vehicle owners can recycle their vehicles and buy new and environmentally friendly vehicles, and in this process Special Consumption TaxCitizens who want to benefit from the incentive will have the right to benefit from a one-time SCT exemption by purchasing a vehicle manufactured in Turkey.
Increase in Scrap Vehicle Prices
Recently, the price increases observed in the scrap vehicle market have attracted attention. Especially the prices of 2000 model and older vehicles have increased with the introduction of the law. doubled It has increased to 50 thousand TL. A scrap vehicle that could not be sold for XNUMX thousand TL before, is now 150 thousand TL This situation increases the motivation of vehicle owners to sell their scrap vehicles.
Special Consumption Tax Deductions and Earning Potential
Citizens who hand over their scrap vehicles can receive between 300 thousand TL and 800 thousand TL. Special Consumption Tax Deductions With , they have the opportunity to own a new vehicle. For example, in a 2 million TL car purchase, a significant profit of 80 thousand TL can be achieved in the 772% SCT bracket. This situation offers a great advantage especially for vehicle owners who are in financial difficulty.
Market Behavior and Advertisement Growth
With the announcement of the incentives, there is also great activity in the second-hand vehicle market. There is a great increase in the advertisements of vehicles under the 2000 model. On the advertisement platforms, “Suitable for scrap incentive" headlines attract attention and sellers develop various strategies to sell their vehicles faster. For example, they try to reach buyers with statements such as "The engine does not work but it is eligible for scrap incentive."
Opportunists and Market Manipulation
With the scrap vehicle incentive coming to the agenda, opportunists It has become inevitable. This situation may negatively affect the market balance. Cardata General Manager Hüsamettin Yalçın states that the price increases experienced are mostly driven by such opportunists. In this process, it is recommended that purchase and sale transactions be carried out carefully.
Expectations in Case of Enactment
If the scrap incentive becomes law, most of the owners of vehicles older than model year 2000 will benefit from this opportunity and have the chance to own a new vehicle. This will increase the market competition It will create and increase new vehicle sales. In addition, with the spread of environmentally friendly vehicles, it is aimed to reduce air pollution.
Domestic Production and Locality Rate
Domestic production is encouraged and in this context, vehicles with a local content ratio of 40% and above will be entitled to benefit from the scrap incentive. This will contribute to the development of the automotive sector in Turkey and allow the support of domestic manufacturers. Domestic vehicle manufacturers This opportunity is of great importance both economically and environmentally.
As a result
The scrap vehicle incentive, which will be implemented in 2023, offers great opportunities for old vehicle owners. This incentive, which provides significant gains both economically and environmentally, will change market dynamics and encourage the purchase of new vehicles. In this process, the caution of buyers and sellers will help maintain market balance. In order to benefit from the advantages of the scrap incentive in the best way, it is recommended that vehicle owners over the age of 25 take advantage of this opportunity.
