Cash for clunkers incentive drives up prices | Will there be a scrappage incentive and VAT reduction for vehicles aged 25 and over?
The scrap vehicle incentive that has been on the agenda for years, along with VAT-free car purchases, has started to be discussed again with a bill submitted to the Turkish Parliament. The proposal aims to remove older vehicles from traffic, with the scrap incentive foreseeing VAT-free vehicle sales. With the increasing frequency of these news, the prices and listings of vehicles aged 25 and over have risen in second-hand car advertisements.
