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

AdrianC

The monthly DD won't be "buying VED by the month" - it'll be "buying 12mo VED, and paying on tick", so the same refund-and-SORN requirement will be there as now. It _might_ be more streamlined, though.

[Deleted User]

There is a Seat Toledo 2.0L petrol for sale at a local traders for under £1K. Would be an ideal future bangernomic but the £280 tax puts me off. Breaking it down to monthly DD wouldn't be so bad.

marlot

AdrianC wrote: »

The monthly DD won't be "buying VED by the month" - it'll be "buying 12mo VED, and paying on tick", so the same refund-and-SORN requirement will be there as now. It _might_ be more streamlined, though.

Really? As the tax disk itself will be abolished, there's no reason why it could not be implemented on a month-by-month basis.

colino

To be fair, the tender that went out regarding the new VED collection system was all about the direct debit collection method, alluding it to be a way that people will now accept as a collection system for their "annual" tax disc, not converting it to a rent-by-the-month road system.
The tender also mentioned that online was now 60% of the current tax disc purchase model and with PO changes, abolition of the disc itself and enhanced ANPR, there will be millions to be saved each year by the treasury.
I don't think we are generally penny wise and pound foolish though and a few extra pennies from each DD adds up to a very nice, regular tax flow when the chancellor starts talking of annual rises of 99p to your monthly DD.

AdrianC

marlot wrote: »

Really? As the tax disk itself will be abolished, there's no reason why it could not be implemented on a month-by-month basis.

Mebbe. But it ain't what they're doing. (yet?)

Premium for buying 6mo goes down from 10% to 5%.
DD purchase of a 12mo is being introduced, with 5% premium.

[Deleted User]

AdrianC wrote: »

Mebbe. But it ain't what they're doing. (yet?)

Premium for buying 6mo goes down from 10% to 5%.
DD purchase of a 12mo is being introduced, with 5% premium.

Paying monthly DD with the 5% premium will work out cheaper than buying 2 of the current 6-month discs with 10% premium?

mcjordi

yeah cost of road tax kinda kills larger cars for me.. insurance and running costs are negligible and im almost and old sod and dont do many miles (lucky if i do 4k a year now) but i can rarely afford £280 outright for a larger engined car for tax plenty of luxo barges ive had to pass on due to the cost of road tax

Rolandtheroadie

6 month it then and budget for the renewal.
.

mcjordi

scotsman4th wrote: »

6 month it then and budget for the renewal.
.

fair point