Could the VED regime kill off some secondhand cars?

[S10GTA]

I really would like a C6, but the VED is £495 unless you get one of the ten lower rate ones. I just cannot justify the cost for a car that gets used for under 5k per annum

[V8mate]

S10GTA said:

I really would like a C6, but the VED is £495 unless you get one of the ten lower rate ones. I just cannot justify the cost for a car that gets used for under 5k per annum

I think that's a really good example of a late model which will have to drop to jalopy prices to find a buyer.

I can't wait!

[DaveCWK]

Does anyone have any specific examples of high tax band cars which are now undervalued/broken for parts as a result? Heard a few anecdotes but not noticed it myself. Personally I have a huge list of pre 2000 cars I'd like to own so shouldn't be too affected until they come for them with an 'all old cars are polluting monsters ban them!' slogan.

[BE57 TOY]

Yes definitely. I find myself looking at Co2 when car hunting at the moment. Never used to really care, but with the increasing VED and cost of fuel it is something to bare in mind.

[anonymous-user]

it is the psychology of pricing. Most people can afford the tax it is thought of paying it. They want to pay less.

the difference is maybe 150 easily pent over the weekend, but the thought of the 450 - 500 tax to some is too much. They probably lose that in deprecation in a month, but because it is printed in hard copy if makes you double think any purchase.

[M4cruiser]

Escy said:

I was considering a Mk1 Mazda 3 MPS but the VED band put me off it. It's not a good enough car to justify the cost of the tax.

... yes, and I'm finding that even the more mundane Mazda3 (1.6 or 2.0 auto) is quite an amount for tax, it's now getting up to about 10% of the purchase price of an old one.

[Lowtimer]

V8mate said:

Or do you think the secondary agenda is simply to get us all to scrap our big old cars and buy industry-supporting, brand new, little cars with low emissions?

It's not the *secondary* agenda at all. It's the primary agenda, quite clearly and openly expressed by our successive elected governments and unelected EU overlords. It's the absolute heart of their purpose to reshape the national car fleet into a much lower-emissions shape, and change buying habits.

The pre 2006 stuff gets a break only because the high tax regime for 226g and higher stuff came in just after so many people had recently bought cars in that category, and the politicians knew they'd be hammered for retroactive taxation on purchasing decisions that people had already irrevocably made. But the official view, quite accurately, is that the passage of years will see off those care quite quickly - very few cars make it past 12 years of age, as a proportion of those built, and by the second half of the present decade the vast majority of those pre 2006 cars will have been scrapped.

Edited by Lowtimer on Sunday 4th August 22:29