AA Financial Services is advising people to "cash in their banger" and take advantage of the scrappage scheme before it finishes at the end of March.

More than a fifth of AA members surveyed by the organisation said they were thinking about scrapping their car in the scheme.

Only four per cent of those questioned had actually traded in their car already, despite 22 per cent of the 13,489 members being interested.

According to the Department of Business Innovation and Skills, at the beginning of the month there were 24,000 scrappage registrations still available.

However, some manufacturers have already stopped orders due to their funds running out. These include Kia, Fiat and Audi.

Mark Huggins, director of AA financial services, said people should take advantage of the scheme before it ends of March 31st.

Currently ten-year-old cars are worth £2,000 under the initiative, but once it ends, people could get less money than this, Mr Huggins warned.

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