Best money saving way to pay for road tax?

eagle

Hi money savers,

Got my road tax reminder in the post today and was wondering what the best money saving way to pay for this...

Renewing directly with DVLA, they charge £2.50 extra for credit card, no charge for using a debit card.

The only other thing I've spotted is that you can pay in a post office for renewal and seen as they take Amex now, I was wondering if this would be a way around the credit card charge online with the DVLA.

Anyone done this recently?

anoncol

You seen to have answered you own question. Answer debit card.

lee111s

Road tax was abolished many years ago. I assume you're referring to VED. In which case, debit card. I would imagine the charge will still be levied, even if paying at the Post Office.

shiny76

eagle wrote: »

Hi money savers,

Got my road tax reminder in the post today and was wondering what the best money saving way to pay for this...

Renewing directly with DVLA, they charge £2.50 extra for credit card, no charge for using a debit card.

The only other thing I've spotted is that you can pay in a post office for renewal and seen as they take Amex now, I was wondering if this would be a way around the credit card charge online with the DVLA.

Anyone done this recently?

I tried that a few years back. The post office charged the £2.50 as a processing fee* instead.

Simplest & cheapest method is debit card through gov.uk, I'd imagine.

*or some other fee that made it pointless going through the post office

Kernow666

how about going to a cashpoint and drawing the money out and then queuing in the post office and paying the old fashioned way

Biggles

Kernow666 wrote: »

how about going to a cashpoint and drawing the money out and then queuing in the post office and paying the old fashioned way

So, using your debit card as suggested, but spending the morning doing all the legwork instead of staying at home sitting at your pooter? No, thanks but I think I'll give that method a miss ;-)

guesswho2000

It really depends on what you get from your credit card (rewards, points, cashback) and how much the VED charge is...might be worth more in points etc. than the £2.50 you're being charged ��

Biggles

guesswho2000 wrote: »

It really depends on what you get from your credit card (rewards, points, cashback) and how much the VED charge is...might be worth more in points etc. than the £2.50 you're being charged

This is true; I've just got my reminder and it's £205. If I can pay with my AmEx, I'll get 1¼%, so £2.56 cashback. Whilst that seems insignificant, it is a profit and it will help towards my target spend of £10k in twelve months, which will get me the following month at 2½%.....

HappyMJ

Go monthly direct debit and avoid the hassle with trying to get your money back if the car is sold/written off during the tax year.

glentoran99

HappyMJ wrote: »

Go monthly direct debit and avoid the hassle with trying to get your money back if the car is sold/written off during the tax year.

Costs 10% more (i think the figure is correct) and if any of the above happens its pretty much automatic refund

HappyMJ

glentoran99 wrote: »

Costs 10% more (i think the figure is correct) and if any of the above happens its pretty much automatic refund

5% more well worth it....

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/419799/V149_Budget_2015_Final_version.pdf