Hurry last chance! Vehicle Tax is changing
There are major changes to the Vehicle Excise Duty system for new cars coming into effect on April 1 and they are likely to affect just about everyone.
Visit your Foray dealership this weekend before the new charges come into effect from the 1st April 2017.
A typical new Ford Fiesta customer that currently pays £0 per year vehicle tax, will have to pay a first year payment of £120 followed by £140 per year thereafter, which over a 4-year ownership period is an increase of £540!
What do the changes mean for you?
If you are due to renew your car or are thinking about buying a new car this year, from a vehicle tax (VED) perspective you should be better off renewing/buying by 31st March to avoid the new higher tax rates. All vehicles registered by 31st March 2017 will be unaffected by the changes.
The vehicle tax (VED) changes:
New rules mean that there are higher rates to pay the first time you tax your new vehicle, based on CO2 emissions. The amount you pay the second time you tax your new vehicle now depends on the type of vehicle.
Only vehicles that emit 0g/km C02 will be eligible for £0 initial and continuing car tax from April 1 but the good news is that the current system in place since 2010, with £0 first registration tax for cars in Bands A to D emitting up to 130 g/km of CO2 will remain applicable to cars registered by March 31, as will the current rates of tax in subsequent years. This could bring huge savings over the lifetime of the car.
Under the new regime, cars that emit more than 225 g/km of CO2 will face a tax bill in the first year of up to £2,000 instead of £1,120 while any car costing more than a list price (not purchase price after a discount) of £40,000 will have a £310 per year surcharge for the first five annual tax renewals of its life on top of its regular road tax of £130 for alternative fuel vehicles and £140 for petrol or diesel vehicles. Fortunately, every current standard Ford model falls outside the scope of this penalty.
The HonestJohn.co.uk website, renowned for its good advice, suggests that around 70 per cent of car buyers will lose out so talk to your nearest Foray Motor Group sales team and we will do our very best to help you beat the March 31 deadline for the changes.
Rate after 1st April 2017
|First Year Rate||First 3 Years||First Year Rate||First 3 Years||% Change 3 Year Ownership|
Fiesta 1.0 EcoBoost
|Ecosport 1.0 Ecoboost||£0||£231||£160||£440||90%|
|Focus 1.5 Duratorq||£0||£0||£120||£400||N/A|
|C-Max 1.0 Ecoboost||£0||£63||£160||£440||598%|
|Kuga 2.0 Diesel||£130||£403||£200||£480||19%|
|Mondeo 2.0 Duratorq||£0||£42||£140||£420||900%|
|S-Max 2.0 Duratorq||£0||£231||£160||£440||90%|
|Galaxy 2.0 Duratorq||£0||£231||£160||£440||90%|
|Tourneo Connect 1.5 Duratorq||£0||£63||£160||£440||598%|
|Edge 2.0 Duratorq||£145||£449.50||£200||£480||7%|