Is your car your pride and joy, or are you ready for a change? Let us know and you could win a £300 John Lewis voucher | No thanks

Eco-converts could pick up pay

Mon, 04 Aug 2008
Drivers who switch from less environmentally-friendly vehicles to eco-conscious models could be paid for the trouble.

The government is said to be looking into a method under which they reward motorists who adopt a green stance and reduce their carbon footprint.

It may be that this helps drivers save on their car insurance policies as well as road tax bills - estimated to hit £455 per year for Band F drivers by 2010.

But Tim Yeo from the Conservative Party believes that the plan should not exclude motorists.

"The Treasury must also work to ensure these changes are not unfair to vulnerable groups. This includes looking at paying people to trade in their existing high-emission cars," said the politician.

A celebrity who has embraced eco-conscious motoring is Hollywood film star Cameron Diaz.

The Charlie's Angels and There's Something About Mary star drives an environmentally-friendly Toyota Prius.

If you want to know how to find the best deal for your car insurance, finance or warranty click here.ADNFCR-1081-ID-18714912-ADNFCR


Add a comment


Ask Honest John

Value my car

Amount to borrow
Sorry. The minimum loan amount is £1000
To pay back over

My credit score

Best available rate 9.20%

Total repayment £8,930.17

Total cost of credit £1,430.17


48 monthly payments

Apply now

Representative example

Borrowing £7,500 over 4 years with a representative APR of 25.4%, an annual interest rate of 25.4% (Fixed) and a deposit of £0.00, the amount payable would be £239.77 per month, with a total cost of credit of £4,008.96 and a total amount payable of £11,508.96.

CarFinance 247 Limited is acting as an independent credit broker

Universal Square, Devonshire Street North, Manchester, M12 6JH