It will be an interesting situation when you think about it as just a metal box.
These numbers are to demonstrate the point, they are not real.
Current owned can’t least them so they decide to sell them
Scrap dealer offers £10,000
I offer £12,000
They should really sell them to me to get best value for their shareholders.
However I have got a cunning plan to least them a £1000 per year.
Suddenly scrapping them seems the better options as I am going to undercut them on other fleets, so they may scrap them to avoid me getting them. However they may also think, actually it is better to get £1500 per year (rather than the £3000 we originally wanted) to a least get some money back from our asset.
I don’t think they will be scrapped. I suspect they will lease them at a more realistic rate in the end. Scrapping will get immediate cash, but they are likely to offer them out on tender which means that others could buy them with the view of leasing them out. Selling them for scrap only could cause issue with shareholders.
Whatever happens, is this the first time a modern unit has gone out of use so early in its life? Did anyone expect the 315s and 317s to outlive them?
I also have a sense of Dejavu. Traffic is down, let’s scrap the 379s. 2 years time traffic is back and 12 car units are needed, but nothing is left. Lets build some more EMUs.