The "what will/has the budget done to car values?" thread
Discussion
I've been delaying buying a car, partly because I want to see if the Budget moves the price of cars much. Rumours so far:
My crystal ball predictions:
Diesel up 5 p/l
Petrol stays the same
Incentive scheme stays for full electric vehicles under £40K (basically, screw you Tesla buyers)
RFL up for diesels, same for petrol
Luxury car tax up
So used diesels down at least 10% pretty much overnight.
What speculation have you read, and what do you think will happen to used car values?
- Diesels will be "hammered"
- Fuel escalator will be applied after many years of leaving it alone, or;
- Fuel escalator will be deferred again
- Hybrids/electric vehicles will be encouraged more, somehow
- Stuff about road freight from overseas
My crystal ball predictions:
Diesel up 5 p/l
Petrol stays the same
Incentive scheme stays for full electric vehicles under £40K (basically, screw you Tesla buyers)
RFL up for diesels, same for petrol
Luxury car tax up
So used diesels down at least 10% pretty much overnight.
What speculation have you read, and what do you think will happen to used car values?
Yeah, so a grand off that tend grand diesel because of a theoretical increase on diesel duty.
If there is, dont think it will be 5p in one hit, unless they want the truckers kicking up a stink.
Diesels will still be the go to type for a lot of drivers, minor eyebrow raising at anything they do but still cheaper to fuel and tax than a petrol if you do any mileage.
If there is, dont think it will be 5p in one hit, unless they want the truckers kicking up a stink.
Diesels will still be the go to type for a lot of drivers, minor eyebrow raising at anything they do but still cheaper to fuel and tax than a petrol if you do any mileage.
E36GUY said:
mr_spock said:
I'm particularly interested in used diesel values (Euro 5 and later) and how the Mercedes diesel/electric hybrids are treated as I'd quite like one!
I may be wrong but I thought the Merc Hybrids are all petrol?Well, that's a pain in the backside.
BBC News - Vehicle excise duty for diesel cars that do not meet latest standards to rise by one band in April 2018
That pushes the 224g/km Diesel A8 I bought in July up into the £520/year tax bracket next year, only another £18/month but still about as welcome as a fart in a lift.
Will have to accelerate the XFR / C63 / VXR8 purchase plan! Man maths.
BBC News - Vehicle excise duty for diesel cars that do not meet latest standards to rise by one band in April 2018
That pushes the 224g/km Diesel A8 I bought in July up into the £520/year tax bracket next year, only another £18/month but still about as welcome as a fart in a lift.
Will have to accelerate the XFR / C63 / VXR8 purchase plan! Man maths.
JBUK said:
Well, that's a pain in the backside.
BBC News - Vehicle excise duty for diesel cars that do not meet latest standards to rise by one band in April 2018
That pushes the 224g/km Diesel A8 I bought in July up into the £520/year tax bracket next year, only another £18/month but still about as welcome as a fart in a lift.
Will have to accelerate the XFR / C63 / VXR8 purchase plan! Man maths.
This is only for newly registered cars though, isn't it? As yours is already registered you should be fine. BBC News - Vehicle excise duty for diesel cars that do not meet latest standards to rise by one band in April 2018
That pushes the 224g/km Diesel A8 I bought in July up into the £520/year tax bracket next year, only another £18/month but still about as welcome as a fart in a lift.
Will have to accelerate the XFR / C63 / VXR8 purchase plan! Man maths.
As far as I can see it's a lot about nothing.
Magic919 said:
Diesel hysteria will remain a constant.
Yeah, I was told by people who knew I had a car in the £530 tax band that did < 20 mpg not to get a diesel as they are going to get "Hammered" 
Many reasons not to buy a diesel but a few pence on diesel and the possibility of a few quid on ved arent the main ones for me.
Amazes me how people with plenty of money fret over a few MPG and paying another £100 on ved, then spend 20 odd grand on a car that then loses ten grand over the next three or four years they own it ?
From https://www.gov.uk/government/publications/autumn-...
"Air quality – In support of the National Air Quality Plan published in July, the government will provide £220 million for a new Clean Air Fund. This will allow local authorities in England with the most challenging pollution problems to help individuals and businesses adapt as measures to improve air quality are implemented. The government is launching a consultation alongside Budget on options that could be supported by this fund. (62) This will be paid for by:
a Vehicle Excise Duty (VED) supplement that will apply to new diesel cars first registered from 1 April 2018, so that their First-Year Rate will be calculated as if they were in the VED band above. This will not apply to next-generation clean diesels – those which are certified as meeting emissions limits in real driving conditions, known as Real Driving Emissions Step 2 (RDE2) standards (61)
a rise in the existing Company Car Tax diesel supplement from 3% to 4%, with effect from 6 April 2018. This will also apply only to diesel cars which do not meet the Real Driving Emissions Step 2 (RDE2) standards (60)
VED – The government will:
increase in line with RPI from 1 April 2018 VED rates for cars, vans and motorcycles registered before April 2017 and the First-Year Rates for cars registered after April 2017
freeze the Heavy Goods Vehicle (HGV) VED and Road User Levy rates from 1 April 2018. A call for evidence on updating the existing HGV Road User Levy will be launched this autumn. The government will work with industry to update the Levy so that it rewards hauliers that plan their routes efficiently, to encourage the efficient use of roads and improve air quality (38)
from April 2019, exempt zero-emission capable taxis from the VED supplement that applies to expensive cars, consulting in advance on how to define such taxis
Company cars – The Fuel Benefit Charge and the Van Benefit Charge will both increase by RPI from 6 April 2018."
"Air quality – In support of the National Air Quality Plan published in July, the government will provide £220 million for a new Clean Air Fund. This will allow local authorities in England with the most challenging pollution problems to help individuals and businesses adapt as measures to improve air quality are implemented. The government is launching a consultation alongside Budget on options that could be supported by this fund. (62) This will be paid for by:
a Vehicle Excise Duty (VED) supplement that will apply to new diesel cars first registered from 1 April 2018, so that their First-Year Rate will be calculated as if they were in the VED band above. This will not apply to next-generation clean diesels – those which are certified as meeting emissions limits in real driving conditions, known as Real Driving Emissions Step 2 (RDE2) standards (61)
a rise in the existing Company Car Tax diesel supplement from 3% to 4%, with effect from 6 April 2018. This will also apply only to diesel cars which do not meet the Real Driving Emissions Step 2 (RDE2) standards (60)
VED – The government will:
increase in line with RPI from 1 April 2018 VED rates for cars, vans and motorcycles registered before April 2017 and the First-Year Rates for cars registered after April 2017
freeze the Heavy Goods Vehicle (HGV) VED and Road User Levy rates from 1 April 2018. A call for evidence on updating the existing HGV Road User Levy will be launched this autumn. The government will work with industry to update the Levy so that it rewards hauliers that plan their routes efficiently, to encourage the efficient use of roads and improve air quality (38)
from April 2019, exempt zero-emission capable taxis from the VED supplement that applies to expensive cars, consulting in advance on how to define such taxis
Company cars – The Fuel Benefit Charge and the Van Benefit Charge will both increase by RPI from 6 April 2018."
PenelopaPitstop said:
So it's more money grabbing exercise, rather than discouraging driving old diesels. Will diesel hysteria will be put to bed until another budget announcement then?
Not much money being grabbed to be honest. Another £40 on a non-Euro 1 (let alone Euro 6) compliant Qashqai in the first year is just nothing.Gassing Station | General Gassing | Top of Page | What's New | My Stuff