The new plan LIVES (vehicles innovating and favorable to the environment of vehicle) underwent some reforms which were approved by the Council of Ministers. You point out that since last August and could apply for the arrangement which replaced the forecasts of plan. The plan SHARP is new help by financing the purchase of a new car, something other that what occurred with the plan considers, where help was direct about the price of the car.
Now, with the plan LIVES we can draw benefit from the assistance provided to buy the car of refuse of the occasion not to exceed 5 years, but this should send to reinforce a vehicle on our behalf with more than 15 years. The cars which they reach 10 years of seniority can be regarded as old women to be sent to the fall and to buy a new car. It is a change with regard to the initial approach, in which the car should have more than 15 years to provide and receive the assistance.
It also changed the maximum price went from a maximum of 20.000 euros to buy new conveys and favours plan, the 30.000 existing euros, which will give access to better cars and marks. It also increased the quantity of placement with an interest 0 at the beginning regulated with 5.000 euros, 10.000 euros are now, the excess of the price will have a rate with fixed interest of 2.5% something other that what was increased at the beginning, an interest rate of Euribor one year + 2.5% with the annual annual review. In the new reform passed, it also includes the possibility of having one year of economic quantity of space, C. - with-D., in a vehicle of 30.000 euros be paid only the interest on 10.000 euros during the first year.
Will be accepted without operations of age limit of car as long as your mileage exceeds 250.000 miles. Another interesting device is the elimination of the condition of having to finance 100% of the price of the junk car removal, something which has affected in particular those which saved to reduce the placement to provide a post.
In addition, an interesting fact, all the users who made any purchase with the plan presented in August, can apply for the necessary changes required to the loan under the new reform.
The plan of SHARP will be effective until 2010 and the quantity allocated by the government to finance it is 1.200 million euros, if you want to know all the details of the new plan, you can visit the official Web site of the ICO (official institute of credit).
At all events, it must say that we are in an economic crisis engraves and new help would not increase sales of the cars, remember the news about the Hall of Barcelona 2009, could not take place before the serious crisis of the engine. As with much of occasions, offered assistance and solutions in the least suitable moments.
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