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Act quickly and beat the road tax increase!

Posted on 8th Feb 2017
Act quickly and beat the road tax increase!
As you may have already read, the government is overhauling the way they charge for Vehicle Excise Duty (VED), commonly known as ‘road tax’, from 1st April 2017 onwards.

  • 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:

     

Article by
Michael
at Wilson and Co
4 years ago
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