Beat the Tax Rise - Important News For March '17
Nobody likes to pay more tax than they have to, so that's why Eden Motor Group is committed to helping you beat the upcoming road tax increase (which is set to rise from 1st April 2017.) As long as you invest in a newly registered car in March rather than delaying until 1st April, we'll make sure you keep around £400 - £700 extra in your pocket through a variety of great incentives.
Why Buy Now?
Depending on your choice of vehicle, the tax changes could cost you an EXTRA £2,930 over 10 years of ownership. For a lot of people, this means they'll be paying up to nine times what they're paying now...
... and we don't want you to be one of them.
Buy your vehicle before April 1st and we'll pay the value of your car tax for the next five years. We'll give you this either as discount off your sparkly new car or in the form of a cheque - instant savings are the best!
Also important to note is that the car you buy will retain its pre-hike tax bracket as long as it's registered up until (and including) March 31st, so alongside the great savings you'll be treated to as an Eden Motor Group customer, it definitely pays to get in early and beat the tax rise.
The 2017 Road Tax Changes Explained
Vehicles Registered on or After 1 April 2017
|CO2 Emissions (g/km)||1st Year Rate||Annual Renewal Rate|
|1 - 50||£10||£140|
|51 - 75||£25||£140|
|76 - 90||£100||£140|
|91 - 100||£120||£140|
|101 - 110||£140||£140|
|111 - 130||£160||£140|
|131 - 150||£200||£140|
|151 - 170||£500||£140|
|171 - 190||£800||£140|
|191 - 225||£1,200||£140|
|226 - 255||£1,700||£140|
Vehicles registered Before 1 April 2017
|Band||CO2 Emissions (g/km)||Annual Rate|
|A||Up to 100||£0|
|B||101 - 110||£20|
|C||111 - 120||£30|
|D||121 - 130||£110|
|E||131 - 140||£130|
|F||141 - 150||£145|
|G||151 - 165||£185|
|H||166 - 175||£210|
|I||176 - 185||£230|
|J||186 - 200||£270|
|K||201 - 225||£295|
|L||226 - 255||£500|
Why Are the Car Tax Brackets Changing?
The current VED (Vehicle Excise Duty) regulations were put into play by George Osborne, and under which a vast majority of new car buyers were paying practically nothing in road tax. While initially designed to encourage the use of lower emission vehicles, in reality it was costing the government millions in lost revenue.
Enter the new road tax system.
How the New Tax Rules Work
Previously, a first year registration rate - which only began at the 131-140 g/km emission point - would apply, followed by a sliding scale for the annual tax rate thereafter.
Under the new tax band system beginning April 1st, only fully electric or hydrogen cars will be exempt from paying tax. Everyone else will pay a first year rate which is, in most cases, substantially higher than under the previous system followed by a flat fee of £140 a year (regardless of emission levels).
It's also worth noting that vehicles valued at £40,000 or more (that's on the road list price, not after any Eden special discounts!) will have to pay an additional £310 supplement per year for five years.
Learn More and Save Big
To find out where you stand with the road tax changes and take advantage of Eden's Beat the Tax Rise offer, give one of our friendly team a call before April 1st 2017.
Remember, not only will your vehicle be locked into the current (cheaper!) tax brackets, but we'll also pay your road tax for five years.