Monthly Road Tax

RosePatchwork

was thinking of taking up the offer of paying road tax Monthly, currently £200+ per year due to car and we need the larger car for access issues. Any thoughts, it would work out about an extra pound a month.

im-lost

any thoughts about what?

good way to spread the cost if things are a little tight, or you budget monthly etc

if you sell or want to sorn there's less money tied up whilst DVLA pull their finger out and process a refund etc.

Marvel1

When I had my car, I paid the tax up front, and ever since put it away each month ready for next year. Seeing as the direct debit costs thatbiy more, I will continue to what I'm doing, money saving 😉

dannyrst

cjdavies wrote: »

When I had my car, I paid the tax up front, and ever since put it away each month ready for next year. Seeing as the direct debit costs thatbiy more, I will continue to what I'm doing, money saving 😉

Only pay yearly if you are reasonably certain you won't sell your car or need to buy a new car (due to mechanical failure etc) or you end up losing out big time.

HappyMJ

I'd pay monthly. It's not as bad as when it was 6 monthly.

If you write the car off during a month you just stop paying and nothing more is due. If you've prepaid the year you have to faff about to get a refund. You might miss the deadline maybe had an accident on the 29th and you're in hospital and you would lose another month of tax.

forgotmyname

dannyrst wrote: »

Only pay yearly if you are reasonably certain you won't sell your car or need to buy a new car (due to mechanical failure etc) or you end up losing out big time.

How will you lose out big time? You get a refund of all unused months so still works out cheaper than paying 6 monthly or monthly.

MSE users should be paying in full and save money.

facade

dannyrst wrote: »

Only pay yearly if you are reasonably certain you won't sell your car or need to buy a new car (due to mechanical failure etc) or you end up losing out big time.

No you don't- as any complete unused months tax are refunded exactly what you paid for them (unless you paid by credit card, when there is a surcharge). Any other way involves purchasing the months at above the rate that will be refunded

aardvaak

RosePatchwork wrote: »

was thinking of taking up the offer of paying road tax Monthly, currently £200+ per year due to car and we need the larger car for access issues. Any thoughts, it would work out about an extra pound a month.

I don't know about monthly but 6 monthly was aways dearer

getmore4less

Monthly is close to 10% APR extra

robbies_gal

i started paying monthly might be slightly more but i dont have the 200 plus to shell out

poppasmurf_bewdley

Paying monthly is 5% extra. It used to be 10% extra when you bought a six month licence.

I've gone to the monthly payment as I prefer to pay all my bills monthly, except for car and home insurance which I pay annually to get the best deals.