April 1st may feel a long way off yet, but with drastic changes to the way Road Tax is calculated, some preparation may be wise. With over a decade of little to no changes being made to the current Vehicle Excise Duty(VED) System, some of us have been able to enjoy exemption from Road Tax payments, but new legislations put in place this year will change that.
2017 brings with it new legislations regarding the VED System and reflects how cars are expected to develop in the future. With low-emission cars being increasingly common, there is a much greater emphasis on zero-emission cars, causing low-emission cars to no longer be exempt from paying Road Tax charges.
If you’re interested in buying a car then make sure to do it soon and have it registered before April, as all cars registered on the 1st of April or afterwards will be taxed by the new VED System. (Only cars registered on or after the 1st of March will be affected). With the new system, car prices are expected to rise along with the running costs, in particular, the first year rate of Road Tax charges may be as high as £2000 depending on emissions!
If you’re interested in buying a New Car before the 1st of April, you can contact us today here.