New tax changes...how will it affect me?

[C63some]

Hello folks.

Just getting my head round this new VED/road tax scenario.

I currently have a 2010 C63. How is the new changes likely to affect me, if at all?? Do i continue just paying at £515 a year? I dont know if i am interprettimg things correctly, but my next tax bill wont be £1120 will it???

Cheers

 

[lfckeeper]

As I understand it...The nex tax system comes in for cars registered in 2017 (17 reg onwards). Cars registered before that stay on the current scheme. So you will still pay £515

 

[st13phil]

Correct. It only affects vehicles registered from 1st April 2017 onwards.

 

[flowrider]

Correct. It only affects vehicles registered from 1st April 2017 onwards.

So buy a 6 year old C63 in 2023 and only pay £140 a year road tax, whilst a 7 year old C63 is still £515.

 

[CabrioDave]

So buy a 6 year old C63 in 2023 and only pay £140 a year road tax, whilst a 7 year old C63 is still £515.

In principle, yes (subject to what the charges are in 2023).

Something similar applies to high-emission cars either side of 23 March 2006. Current charge for vehicle over 255 g/km:
Registered on 23.3.06 ..... £515
Registered on 22.3.06 ..... £295

As with the 40-year rolling exemption from VED, and no MoT requirement for cars built before 1960, these steps will forever affect the value of the cars.

 

[lfckeeper]

So buy a 6 year old C63 in 2023 and only pay £140 a year road tax, whilst a 7 year old C63 is still £515.

Stupid isnt it .....buy a 4/5 year old one it would be £450 due to the 'cars worth more that £40000' hike in the first 5 years.

 

[CabrioDave]

As most new cars are nowadays in low-VED classes, currently costing much less than £140, many people (and firms) thinking of getting a new car may take the plunge in March - new registration, but still low VED. I expect good sales figures!

 

[AMGeed]

So buy a 6 year old C63 in 2023 and only pay £140 a year road tax, whilst a 7 year old C63 is still £515.

If only.
The way the motorist is being bent over, you can double those figures then thank the chancellor and inflation.

 

[C63some]

Cheers her the help lads.