February 27, 2017 at 2:38 PM

If you are thinking about buying a second-hand car, then it is important that you are aware of the changes that will be happening regarding road tax.

From April 1, the law is changing and it will have a great impact on how you pay to keep and drive your car on the road. Below we explain the new VED (Vehicle Excise Duty) taxation system.

img_2266.jpg

What the changes will mean for you

This all depends on your age of the car, when you bought it and the car's C02 emissions. If your vehicle is high polluting, then you will end up paying more road tax from April 1. If you drive an electric car, you will pay nothing, and for the average car, there will be a flat fee of £140.

VED_system.jpg

Tax related to car emissions

This is where the big changes come into effect. If the car was bought prior to April 1 and emits less than 99g/km, then you will be exempt from paying road tax. For similar cars bought after April 1, then there is a payment of £120 for the first year, followed by £140 for subsequent years. If your car emits 131g/km then your tax payment will be that of £200 and for those cars that produce 151g/km, the fee is £500. 171g/km is equal to a £800 payment and for cars that emit more than 191g/km, the tax payment is a staggering £1,200.

How you could save money under the new tax ruling

So, how can you save money on your road tax? One way in which to save money is to buy a car before April 1. This is especially so if you buy a small petrol based car or a hybrid. Failing this, if you are unable to purchase a new car before April 1, then buying a used car after this date can save you money on road tax, as used cars will continue to be taxed in accordance with the old system. 

Points to remembers

if your car has zero emissions then you will pay nothing. On the other end of the scale, if you own a new car that is worth at least £40,000, then, no matter what those exhaust emissions are, you will have to pay road tax of £310 for the next five years. What is interesting is that those cars which are gas guzzlers, and high performance, will actually cost you fewer payments in road tax, as under the new law you will be better off paying the flat fee of £140. 

Buying a fabulous second-hand car is a wise move. You will pay less road tax and save money. Here at Westwood C&C, we have a wide range of cars for you to choose from. Visit the website, give us a call, or pop into the showroom today!

 



Tags: Road Tax 2017 New VED
Category: Laws and Regulations

Comments:

Leave a Reply


< Back to all Blogs

Category List


Tag List


Tag Cloud



Archive

Logo Logo