Act quickly and beat the road tax increase!
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The bit that’s of particular interest to us here at Wilson and Co is that as new and used cars purchased before the end of March fall under the old system, our customers can save massively if they buy beforehand.
We’ll explain exactly how you could benefit from this by outlining the key changes below…
- The First Year Rates (FYRs) of VED will – on a scale from £0 for zero emission cars up to £2,000 for vehicles with emissions over 255g/km of CO2 – vary according to the CO2 emissions.
- Aside from zero emission ones (these will still pay nothing), a subsequent standard rate of £140 per year will apply to all cars.
- Vehicles with a list price of more than £40,000 will pay an additional premium supplement of £310 per year on the standard rate for the first five years in which a standard rate is paid.
To break it down further, if you were to pick up a brand new Vauxhall Corsa 1.3CDTi Design 95PS S/S ecoFLEX Easytronic from us before this April rather than after it then you’d save the following:
VED calculation Before 1st April (old system) After 1st April (new system) First year rate £0 £120 Standard year rate £0 £140 Six year tax cost £0 £820 See below for a full breakdown of the new VED system:
Emissions (g/CO2/km) First year rate Standard rate 0 £0 £0 1 - 50 £10 £140 51 - 75 £25 £140 76 - 90 £100 £140 91 - 100 £120 £140 101 - 110 £140 £140 111 - 130 £160 £140 131 - 150 £200 £140 151 - 170 £500 £140 171 - 190 £800 £140 191 - 225 £1,200 £140 226 - 255 £1,700 £140 Over 255 £2,000 £140 If the above savings are of interest then why not get in touch with someone from our Bolton, Chorley, Grimsby or Scunthorpe branches today?
With a whole host of new car offers available at the moment we’re sure to not only help you beat the taxman, but also secure your perfect car for an unbeatable price.
Please click here for a full list of our contact details or watch the video below for more information:
