The "what will/has the budget done to car values?" thread
Discussion
TiminYorkshire said:
So what's the verdict is my VW t4 and Disco 2 worthless now? Has my petrol Mk1 MX5 sky rocketed?
I'm selling my D2 in the next few months so I did wonder if it would be affected however persons buying Older Land Rovers won't be overly put off due to the costs of running one in the first place.However the new update on the dailymail appears to suggest it's only on new cars!
cuprabob said:
Sky News says the one band rise is on the first year VED for diesel cars registered after April 2018 that don't meet the latest emissions standard.
Bit of confusion as BBC implies it's for diesel cars in general and retrospective.
If all cars registered from April 2017 pay a 'one size fits all' £145 road tax, how can non-complying cars be moved up a band?Bit of confusion as BBC implies it's for diesel cars in general and retrospective.
Or was the chancellor referring to the special rate applicable to expensive cars in their early years, or the first-year VED?
Ron99 said:
cuprabob said:
Sky News says the one band rise is on the first year VED for diesel cars registered after April 2018 that don't meet the latest emissions standard.
Bit of confusion as BBC implies it's for diesel cars in general and retrospective.
If all cars registered from April 2017 pay a 'one size fits all' £145 road tax, how can non-complying cars be moved up a band?Bit of confusion as BBC implies it's for diesel cars in general and retrospective.
Or was the chancellor referring to the special rate applicable to expensive cars in their early years, or the first-year VED?
The budget changes re: diesel cars are not clear at all, but I think what the Chancellor is saying is that all new diesels first registered from 1 April 2018 will be charged a first year “showroom” rate one band above what they are now, with the exception of vehicles that already meet the RDE Step 2 standard.
I had to look it up, but the RDE standards are apparently as follows:
RDE step 1 is what has applied to any new (not existing) models since 1 September 2017, and requires cars to have real driving emissions (as measured by the new “real world” test) of no more than 2.1 times the specified NOx limit.
RDE Step 2 is the measure that applies from January 2020 for new car types and then from January 2021 for all types (i.e. even models already in production). It requires cars to have real driving emissions (as measured by the new test) of no more than the specified NOx limit (with allowance for a small error margin).
So, new Euro 6 compliant cars bought after April 2018 that do not meet the RDE Step 2 standard (of which I imagine there are many) will see an increase in the first year “showroom” tax rate.
The company car tax measures (rise in the existing Company Car Tax diesel supplement from 3% to 4%) may prove to be more significant but I don’t know the first thing about company car tax, so will leave that for someone else to explain.
I had to look it up, but the RDE standards are apparently as follows:
RDE step 1 is what has applied to any new (not existing) models since 1 September 2017, and requires cars to have real driving emissions (as measured by the new “real world” test) of no more than 2.1 times the specified NOx limit.
RDE Step 2 is the measure that applies from January 2020 for new car types and then from January 2021 for all types (i.e. even models already in production). It requires cars to have real driving emissions (as measured by the new test) of no more than the specified NOx limit (with allowance for a small error margin).
So, new Euro 6 compliant cars bought after April 2018 that do not meet the RDE Step 2 standard (of which I imagine there are many) will see an increase in the first year “showroom” tax rate.
The company car tax measures (rise in the existing Company Car Tax diesel supplement from 3% to 4%) may prove to be more significant but I don’t know the first thing about company car tax, so will leave that for someone else to explain.
AlexHat said:
Ron99 said:
cuprabob said:
Sky News says the one band rise is on the first year VED for diesel cars registered after April 2018 that don't meet the latest emissions standard.
Bit of confusion as BBC implies it's for diesel cars in general and retrospective.
If all cars registered from April 2017 pay a 'one size fits all' £145 road tax, how can non-complying cars be moved up a band?Bit of confusion as BBC implies it's for diesel cars in general and retrospective.
Or was the chancellor referring to the special rate applicable to expensive cars in their early years, or the first-year VED?
Muddle238 said:
I wonder how much of a shafting I should expect on my Euro5 diesel in June when I next tax it. Last year was £135, I'm guessing in a few years it'll be pushing £500+ as the government try and tax it to a scrapheap somewhere.
Did you actually listen to the budget at all?J4CKO said:
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 ?
I was not shocked that there was so much hysteria that diesels would be hit hard in the budget and amazingly, they weren’t.
Eyersey1234 said:
All Qashqai are at least Euro 4 as it was launched in 2007
Only in theory. On the road, which is the point of this, not even close. Toxic.https://www.which.co.uk/reviews/new-and-used-cars/...
Interesting opinion in Autocar about the new rule.
autocar said:
he short of it: new diesel cars that don’t meet a certain standard by April next year will go up a car tax band for the first year of ownership. What is that new standard? The name is Real Driving Emissions, stage 2, which is a test under real-world emissions. The thing is, while stage 1 is under way having been introduced this summer, stage 2 isn’t due until at least 2020.
Do any new cars on sale meet this RDE 2, then? Well that’s the thing. Even if they did, we wouldn’t know because certification for RDE 2 is not possible until 2020. Crazy, right? Chancellor Philip Hammond has announced a literally impossible task. So, this new tax will apply to every single new diesel car.
Source: https://www.autocar.co.uk/opinion/industry/opinion...Do any new cars on sale meet this RDE 2, then? Well that’s the thing. Even if they did, we wouldn’t know because certification for RDE 2 is not possible until 2020. Crazy, right? Chancellor Philip Hammond has announced a literally impossible task. So, this new tax will apply to every single new diesel car.
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