New tax rate from 1st of April

Discussion in 'General Discussion' started by cinek, Feb 11, 2017.

  1. cinek

    cinek Hardcore MB Enthusiast

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    Not sure if this has been posted already, so...

    http://http://www.mercedes-benz.co.uk/content/unitedkingdom/mpc/mpc_unitedkingdom_website/en/home_mpc/passengercars/home/new_cars/ved-rates.html?csref=EML1702080002_PCEML06363_VED-email_find-out-more_national-email_CTA_030217

    This bit in particular "All new vehicles bought and registered from the 1st April with a list price* over £40,000 will be subject to a premium supplement of £310, payable each year for 5 years from the end of the first vehicle licence." sounds just great :eek:
     
  2. dejongj

    dejongj Hardcore MB Enthusiast

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    But does it truly make a change? I mean my car is about £55K, will I change my choice for a difference of £310? No most definitely not.
     
  3. Delayed Steve

    Delayed Steve Hardcore MB Enthusiast

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    No it won't put me off either.
     
  4. grober

    grober MB Club Veteran

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    I think the government's reply would be along the lines of " other vehicles with a list price below £40,000 are available to purchase"
     
  5. Scooby_Doo

    Scooby_Doo Hardcore MB Enthusiast

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    It might affect the resale value when the buyer of say a three year old car realises that it's an extra £310 per year road tax for the next 3 years.
     
  6. dejongj

    dejongj Hardcore MB Enthusiast

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    So much so that they rather buy an older car to save £900 in tax? I doubt it. I mean we aren't still buying pre-2006 vehicles to save some tax are we?
     
  7. wemorgan

    wemorgan MB Club Veteran

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    Most new cars are sold through pcp/pch finance. These new ved rates for cars over £40k add about 5% to the total. So a consideration, but quite minor.
     
  8. dejongj

    dejongj Hardcore MB Enthusiast

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    Only if you keep it for 5 years which is rare on pcp/pch finance. And then only when you go for a £40K car, the moment the price increases the percentage reduces rapidly :)
     
  9. wemorgan

    wemorgan MB Club Veteran

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    With pch the ved is included in the lease cost. So post April lease prices are now at least 5% higher than before.
     
  10. gr1nch

    gr1nch Hardcore MB Enthusiast

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    I agree with that, but whilst it wouldn't change the choice, but it does add a small dent.

    If the prove hike doesn't bother car drivers they might end up putting it higher, to the limit of what the market can stand!. Like escalating fuel prices over time that tend not to drop to the historic level matching the barrel price.
     
  11. DrFeelgood

    DrFeelgood MB Club Veteran

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    Would you not feel the same about buying Winter tyres? :D
     
  12. Gary129

    Gary129 New Member

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    If you can afford a new car over £40k is £310 a year going to make a difference?
     
  13. John

    John MB Club Veteran

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    I wish.
    I doubt it - £26 a month more is not worth worrying about.

    Just drink 7 pints less lager a month - it will do you good. :D
     
    Last edited: Feb 12, 2017
  14. dejongj

    dejongj Hardcore MB Enthusiast

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    There is a bit of a difference. Tax can't be avoided and you know it upfront. If Mercedes informed prospective owners upfront of what is required to drive this car then I would have been given a choice. They neglected to do that however. But thanks to us making some noise at least today prospective owners are informed and given the choice.

    I don't think the two situations are comparable.
     
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