April 1st 2017 marks the day we say goodbye to car tax as we know it. As of this day, the Vehicle Exercise Duty rules will change,but what effect will the new rule change have on new car buyers?
Previously, car tax was purely determined based on the CO2 emissions of the vehicle with no consideration of vehicle value – this is where things will now change. The value of your vehicle will primarily influence the cost of car tax. In fact, the greater the value of your car, the more you are likely to pay.
New and used car dealership Motorparks have produced an easy to follow visual guide with all the information you need to know about the rule change, including which vehicles are likely to be hit the hardest by the new rules. For example, the Mercedes-Benz C300 is set to be hit the hardest – with buyers expected to pay an extra £2,370 over time.
Buyers who choose to buy a car before April 1st will have their car tax calculated against the old system.
Discover the below infographic to get clued up on the rule change so you aren’t greeted with any expensive surprises when you purchase your next car – or check out the online calculator to beat the tax increase.