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30/03/2010
New April Road Tax
Buyers of 4x4s, large family cars and people carriers should buy nearly-new to avoid being stung by new ‘Showroom Tax’ charges that come into force on 1 April, according to independent consumer motoring website, www.honestjohn.co.uk.
"It’s these buyers who stand to lose the most with the introduction of the so-called ‘showroom tax’ on 1st April, which was originally announced by Alistair Darling in the 2008 Budget," said Dan Harrison, Editor of honestjohn.co.uk.
"Buyers of new cars in Bands A-G don’t have anything to worry about as Road Tax for the first year is either free or same rate as it would be for an existing owner. It’s buyers of cars in Bands F-M who can really make big savings if they’re prepared to shop around and consider nearly-new instead of new.
"It’s possible to get a 10-plate car with delivery miles without the tax if you’re prepared to buy nearly new. Buy from a car supermarket and you’re likely to see savings on the list price too."
honestjohn.co.uk research has found one car supermarket offering a 10-plate Volvo XC90 2.4 D5 Active, which falls into Road Tax Band K. Buy it new from a Volvo dealer and you’ll be paying £550 in Showroom Tax.
But from this car supermarket, the tax is just £245 and you’ll save £3,000 on the list price too. As First Year Rate Vehicle Excise Duty only applies for the first year, you’ll never be saddled with the extra tax.
Another car discounter is offering a pre-registered 10-plate Subaru Impreza 2.5 WRX STi with delivery miles. Under the new system, a buyer would pay £950 in tax from a Subaru dealer, but the savvy buyer who shops around for a nearly-new one will pay just £435 – more than £500 less.
(PR/GK)
"It’s these buyers who stand to lose the most with the introduction of the so-called ‘showroom tax’ on 1st April, which was originally announced by Alistair Darling in the 2008 Budget," said Dan Harrison, Editor of honestjohn.co.uk.
"Buyers of new cars in Bands A-G don’t have anything to worry about as Road Tax for the first year is either free or same rate as it would be for an existing owner. It’s buyers of cars in Bands F-M who can really make big savings if they’re prepared to shop around and consider nearly-new instead of new.
"It’s possible to get a 10-plate car with delivery miles without the tax if you’re prepared to buy nearly new. Buy from a car supermarket and you’re likely to see savings on the list price too."
honestjohn.co.uk research has found one car supermarket offering a 10-plate Volvo XC90 2.4 D5 Active, which falls into Road Tax Band K. Buy it new from a Volvo dealer and you’ll be paying £550 in Showroom Tax.
But from this car supermarket, the tax is just £245 and you’ll save £3,000 on the list price too. As First Year Rate Vehicle Excise Duty only applies for the first year, you’ll never be saddled with the extra tax.
Another car discounter is offering a pre-registered 10-plate Subaru Impreza 2.5 WRX STi with delivery miles. Under the new system, a buyer would pay £950 in tax from a Subaru dealer, but the savvy buyer who shops around for a nearly-new one will pay just £435 – more than £500 less.
(PR/GK)
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08 January 2010
December New Registration Growth
New car registrations rose in December by 38.9% to 150,936 units, it has been revealed. However, full year registrations were down 6.4% to 1,994,999 units, the lowest level since 1995. Since its introduction, the scrappage scheme has accounted for over a fifth of all new car registrations and is estimated to represent 20.8% of the December market.
December New Registration Growth
New car registrations rose in December by 38.9% to 150,936 units, it has been revealed. However, full year registrations were down 6.4% to 1,994,999 units, the lowest level since 1995. Since its introduction, the scrappage scheme has accounted for over a fifth of all new car registrations and is estimated to represent 20.8% of the December market.
15 February 2010
Vauxhall Extends Scrappage Models
Due to the success of its Swappage Programme, where buyers can trade in cars over seven years old to obtain a discount worth at least £3000, Vauxhall has extended the scheme to three more of its best-selling models: the Insignia, Meriva and Zafira.
Vauxhall Extends Scrappage Models
Due to the success of its Swappage Programme, where buyers can trade in cars over seven years old to obtain a discount worth at least £3000, Vauxhall has extended the scheme to three more of its best-selling models: the Insignia, Meriva and Zafira.
25 January 2010
Updated Hyundai Scrappage Scheme
Hyundai is set to build on its industry-leading scrappage success with ground-breaking schemes which will help even more customers afford a new Hyundai.
Updated Hyundai Scrappage Scheme
Hyundai is set to build on its industry-leading scrappage success with ground-breaking schemes which will help even more customers afford a new Hyundai.
04 March 2010
Scrappage Strengthens Car Sales
New car sales for February 2010 announced today, show that new cars sold in the month were 26.4% up on February 2009, the eighth consecutive monthly increase. Latest Government figures show that 367,506 new vehicles have been ordered through the scrappage scheme since it went live. Over 19% of February sales were part of the scrappage scheme.
Scrappage Strengthens Car Sales
New car sales for February 2010 announced today, show that new cars sold in the month were 26.4% up on February 2009, the eighth consecutive monthly increase. Latest Government figures show that 367,506 new vehicles have been ordered through the scrappage scheme since it went live. Over 19% of February sales were part of the scrappage scheme.
16 February 2010
Warning On Used Car Fraud
As the Finance & Leasing Association (FLA) reports an increase in people fraudulently selling cars they do not own – otherwise known as conversion fraud - HPI has warned car buyers that if they purchase a vehicle on outstanding finance, they stand to lose both the car and the money they paid for it.
Warning On Used Car Fraud
As the Finance & Leasing Association (FLA) reports an increase in people fraudulently selling cars they do not own – otherwise known as conversion fraud - HPI has warned car buyers that if they purchase a vehicle on outstanding finance, they stand to lose both the car and the money they paid for it.
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Northern Ireland WeatherToday:Early mist and fog clearing to leave a dry and mainly sunny day, although patchy cloud possible through County Down. Warmest in the west with light east or northeast winds. Maximum temperature 20 °C.Tonight:Dry and bright at first but some areas of low cloud developing through the evening and overnight, particularly over southern counties and the north Antrim hills. Minimum temperature 10 °C.
