April Fool’s Day 2018 had an extra sting in its tail this year for motorists. It was the date the new diesel tax laws came into force.
The new laws have added a surcharge that has pushed up the cost of any new diesel vehicle registered after that date. This could see additional costs of between £15 and £520 when it comes to the total purchase price.
However, for those in the market for a new or nearly new diesel, it’s not all gloom and doom and there is a straightforward way to circumnavigate the price hike. Here at GO Vauxhall, we want to make sure you are aware that it is possible to avoid the new diesel surcharge and still drive away in some of the latest Vauxhall models to hit the UK streets.
Pre-registered cars – i.e. those registered and given a number plate before April 1st 2018 – are exempt from the new diesel tax change and there are a variety of vehicles available that fit into this category, which also come with highly attractive discounts. Our pre-registered stock comes in a range of fantastic models with only 50 miles or under on the clock. Providing you with all the benefits of a new car, but with the price tag of a used one.
In reality, this means ‘18’ plate cars, as well as many others, are ready for purchase without being affected by the diesel surcharge and offer great value. Pre-registered diesel cars, which typically only have a handful of miles on the clock, are not subject to the new tax law – and are usually available with additional discounts. The potential savings on pre-registered family cars, for instance, can run into thousands of pounds, including the tax savings.
The savvy car buyer can
save themselves substantial sums by taking advantage of pre-registration tax
surcharge exemption status, and still drive away in a brand new 18 plate
The New Diesel Tax
The diesel car surcharge was announced in the 2017 Budget, and will affect the tax paid on new diesel vehicles.
Since 1 March 2001, vehicle excise duty (VED), commonly known as road tax or car tax, has been set on a sliding scale according to carbon dioxide (CO2) emissions. In essence, the changes mean that all diesel cars have moved up a tax band which increases the cost of car tax applied by between £15 and £520, depending on the CO2 emissions performance of the chosen vehicle.
The new diesel surcharge only applies for the first year, after which the owners of both petrol and diesel cars pay the standard annual flat rate of £140. One exception is that cars costing in excess of £40,000 will also attract a one-off ‘Premium’ fee of £310, in addition to the other tax increases.
Drivers of older
vehicles are not affected. If you bought your car before April 1 2017, or buy a
second-hand car that was registered before that date, you won’t be affected by
the change. Older cars will continue to be taxed according to the old system of
C02 emissions performance.
To remove yourself entirely from the car tax burden, you will have to purchase an electric or other zero-emission car as they are the only models that currently benefit from a tax-exempt status.
Diesel cars, despite the recent publicity, still retain a good level of popularity among the nation’s drivers, with over one million new diesel cars registered in the UK last year alone. Drivers are attracted by the fact that on average, diesel cars consumes approximately 20% less fuel when compared to petrol alternatives, and offer tangible value in an age of unpredictable pump prices.
With pre-registration diesel stock sure to be in demand as drivers look to save as much cash as possible when it comes to their vehicle purchase, motorists should not delay in order to snap up the very best deals before they go.
For more advice from our expert team get in touch here.