Are older, bigger nengined cars going to be more valuable soon?

harveybobbles

With us being able to pay DD for VED from October, I wonder how many people will now be thinking of getting a car with a bigger engine/higher co2?

One of my neighbours has already said that he can now buy the car he's always wanted, as its always been the £300 VED ontop of the car price/insurance thats put him off.

Thoughts?

atrixblue.-MFR-.

I don't think it would make much of an impact other than spreading the cost of VED so that you don't lose a chunk of cash on a VED upfront upon purchase.


it would still fall down to the make and model how desirable and how limited they were made that would make them attractive. paying VED over a spread of a 12month just makes it more relaxed to purchase one.

photome

harveybobbles wrote: »

With us being able to pay DD for VED from October, I wonder how many people will now be thinking of getting a car with a bigger engine/higher co2?

One of my neighbours has already said that he can now buy the car he's always wanted, as its always been the £300 VED ontop of the car price/insurance thats put him off.

Thoughts?

If you cant afford £300 can you really afford the car you always wanted? unless its an old one of course.

I dont see it having any impact

Norman_Castle

Thoughts?

I think your neighbor is a bit slow:rotfl:

gilbert_and_sullivan

Hope not, let the unknowing have their automotive white goods and leave the cars as bargains to enjoy by those who appreciate them.

Horrible things older large engined cars, not 5 star NCAP so will kill the owner passengers and any pedestrian in the street, will also kill the planet, drink fuel, too expensive to tax, unreliable, rusty, don't handle as mr clarkson and disciples will confirm, not nippy, stranded if three snowflakes appear, and worse of all stuck with a torque converter auto box that saps enjoyment apparently and everyone knows the box will break twice a year and cost at least £3k to fix.

AdrianC

So he can't afford £300 per year to tax his car, but he can afford £315 per year to tax it? Ooooookay... <scratches head>

forgotmyname

As above its not going to be any cheaper, It is still £300+ a year.

londonTiger

Same sort of logic as spending £19000 on a car because it has 10mpg more on the motorwaywhich you drive 5000 miles a year

atrixblue.-MFR-.

OK perspective time.


could all you afford to pay your gas, council tax, and electric bill upfront every year? if not why do you have a house/rent?
we can afford them albeit theyre expensive because of DD.


Same with buying a new car, if your not blessed with cash and there was no finance companies in the world, or bank loans, then you couldn't afford it, but you could if you rolled out the payments over a certain period that fitted within your means of income.

gilbert_and_sullivan

Difference being the house is a roof over your head, and it comes with standing and servicing and heating charges even if its minimal size, you can live without a house but cardboard city isn't recommended for most softies.
You could buy a non static caravan and move about, that can be a lucrative alternative.

A car isn't a necessity of life, down the road of new(ish) expensive cars, foreign holidays, till the pips squeak credit and keeping up with the jones' lifestyle lies financial ruin.

zappahey

I think the OP has a point.

Many people, less financially savvy than MSE subscribers, will be unable or unwilling to pay £300 up front but would happily pay £30 per month. Just look at the number of people who come on here talking about insurance in terms of the monthly payment.

I also think that there's a psychological barrier to the higher tax rates. I know I've shied away from cars in the £400+ tax range despite knowing that I can afford it and despite knowing that the cost will balance out because the high tax cars I'm looking at are cheaper to buy than their low tax equivalents.