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Top TipsTax doesn't have to be taxing
Or does it? From the 1st April, new vehicle road tax prices comes into force and you could strike it lucky and have a cheaper rate, or unlucky and have a much higher rate, depending on what emissions your car produces as stated by the manufacturer on the V5C (Logbook) for all March 2001-on models. Basically, the new rates are still split into 13 bands but with sleight reductions in annual fees for less polluting cars and heftier increases for the higher polluting. Though some of us could have the same rate as last year. Looking into these price changes, I found something that doesn't exactly add up. As we know, if a car was registered before March 1st 2001 than it falls into either one or two categories - under 1549cc or over 1549cc. From April 2010 the smaller engined vehicles will have the same rate as 2009 at £125 whereas the bigger engines will see an increase of £15 annually, bringing it to £205. If you are in the market for a new car, it might be wise to check out the different VED rates. I found that depending on the age of the vehicle there could be appealing differences in annual rates. For instance a Landrover Discovery X registered just falls into the older car tax rate of £205 from April 2010. But if it had been on a Y registration or newer and therefore registered after the March 1st threshold, it would then fall into Band K which commands a rate of £40 more per year to tax. That means that the older vehicle with the same emissions output as the newer version is in fact cheaper to run.
The same situation applies to the first generation Honda CR-V which uses 20-litre petrol engine rated at a Co2 output of 229g/km from 1998 to late 2001. Then the second generation arrived with a 216g/km output throwing into Band K and an increased rate of £40 over the pre March 2001 models.
But it can work the other way. An example would be the Citroen Xsara Picasso 2.0 HDI Diesel model. Buy a pre March 2001 model and be prepared to pay £205 fee, but look closely and anything with the same engine after 1st March 2001 is listed in Band F and the fee for that is a whopping £80 cheaper.
It's worth looking at if your in the market for a second hand family motor.
visit www.direct.gov.uk for more details.
Nine million motorists will be affected by the Government’s road tax reforms with almost half of all road vehicles expected to be hit.
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Top Tips
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