Vehicle Excise Duty - Budget 2015

[marks]

Basically, it seems you save money compared to existing road tax as long as you keep the V8 Mustang for three years or more. Also, will save, hopefully, on depreciation as will only be 140 a year road tax.

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[marks]

If you Google "Telegraph how to beat the new car tax rates" they mention the Mustang and how the new rates affect it.

 

[SteveS]

Much as we thought. If you take the first years tax into account then it doesn't seem that bad over 5 years, however the first years tax is absorbed into the purchase price and you're not having to shell out for it year after year.

Regardless, I signed up for a car with a £500+ yearly tax bill and a raging thirst and I want it ASAP so them's the breaks

 

[benanderson89]

It's basically going back to the old engine displacement tax style before the 2002 change in VED policy, except this time it's based on car value.

To be go fair, if you can afford a £40k+ car then you can afford 450 a year. After 5 years that drops of a cliff to 140 anyway. That'll be a good thing for the 2nd hand market in premum cars. 140 tax on a 2009 Aston Vantage? I'm game for that.

 

[MrWolf]

It's basically going back to the old engine displacement tax style before the 2002 change in VED policy, except this time it's based on car value.

To be go fair, if you can afford a £40k+ car then you can afford 450 a year. After 5 years that drops of a cliff to 140 anyway. That'll be a good thing for the 2nd hand market in premum cars. 140 tax on a 2009 Aston Vantage? I'm game for that.

Only applies to new vehicles from 2017. A 2009 Aston Vantage will always be £550.

 

[benanderson89]

Only applies to new vehicles from 2017. A 2009 Aston Vantage will always be £550.

Oh well!

Even so it shouldn't be that much of a worry. The extra £900 on the cost of VED to get a V8 Mustang will be covered with the first two years of substantially lower emissions payments. Those who have already bought it will pay less for the car outright.

Its all swings and roundabouts.

If you get it on PCP then it should be even less of a worry.

 

[MrWolf]

Oh well!

Even so it shouldn't be that much of a worry. The extra £900 on the cost of VED to get a V8 Mustang will be covered with the first two years of substantially lower emissions payments. Those who have already bought it will pay less for the car outright.

Its all swings and roundabouts.

If you get it on PCP then it should be even less of a worry.

My thoughts too.

 

[SteveS]

http://www.bbc.co.uk/news/science-environment-33724781

 

[benanderson89]

http://www.bbc.co.uk/news/science-environment-33724781

The people that are protesting that it'll penalise their little econo-shoeboxes are people that just want a cheap car in every way possible.

Those who can afford a big gas guzzler already go and buy one, regardless of the VED implications.

No one walks into a dealership and says "oh, I don't want that car because the CO2 emissions are harmful!" - no, they walk into a dealer and say "oh the CO2 emissions are low enough that it's free!"

CO2 isn't even the issue anyway. The USA doesn't have major restrictions on CO2, instead they focus on NOx and CO (just like Euro 6 regulations) and its worked out just fine for them.

 

[slowhand99]

.......and by the way human induced global warming is a load of bollux. When polar ice increases it never makes the news.

 

[marks]

http://www.bbc.co.uk/news/science-environment-33724781

I agree global warming is an issue but surely it's how often you use a car as well as its emissions. If i don't use a car during the working week but plan on using a GT at the weekend am i any worse than someone who uses a focus all week?

 

[Ian whu]

I totally disagree with VED,
If someone wants to buy a vehicle that does 15MPG, then why penalise them again with higher VED, they getting penalised twice.
They already paying the government a lot more in tax in fuel duty.

 

[jord79]

I totally disagree with VED,
If someone wants to buy a vehicle that does 15MPG, then why penalise them again with higher VED, they getting penalised twice.
They already paying the government a lot more in tax in fuel duty.

That's a good point, I never thought of it like that.

 

[Centurion07]

I totally disagree with VED,
If someone wants to buy a vehicle that does 15MPG, then why penalise them again with higher VED, they getting penalised twice.
They already paying the government a lot more in tax in fuel duty.

Probably because it only does 15mpg.

Let's be honest, any car that does 15mpg is not exactly practical and, whether you want to admit it or not, is not a good use of fuel, so until they decide to scrap VED altogether and just up the tax on fuel itself, this is a way of trying to discourage people from buying gas guzzlers.

The government probably realise that some of these cars will do far fewer miles than some crappy 10 year old Focus and therefore use less fuel, so having high VED is just a way of clawing some of that back.

Centurion07 (soon to be owner of a V8 doing 10K a year)

 

[stevec]

I totally disagree with VED,
If someone wants to buy a vehicle that does 15MPG, then why penalise them again with higher VED, they getting penalised twice.
They already paying the government a lot more in tax in fuel duty.

I completely agree. Tax us directly on what fuel we use, that's fine but why the hell should I pay so much VED for doing 9000 miles per year in my V8 when someone who does 50000 a year in a car that does say 40mpg pays less. It does not add up! VED should be stopped and all the tax put on fuel, the more you use the more you pay.

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