Doh .... Those pesky new tax rules

[Wish]

Just sold my car and am waiting for my new car to arrive with the dealer, they are saying around 4 weeks away.
So I jump on auto trader side for a £500 shed to drive while I wait.

Gone are the days you can buy a shed with a little bit of rent on it ..... Now I have to pay for the tax as when it changes owner I have to tax it. And pay to change it over on the insurance.

Looking on hertz I might as well have a car for a month from them for £400. Newish, taxed, insured. Ready to go.

[Pwig]

But when you sell said shed you get each unused month back? So £200 a year tax costs about £18 a month?

[Pwig]

And if you do it on direct debit you don't even have to put the money up front!

[R1 Indy]

Am i missing the issue here?

Buy car, pay tax.

Sell car, yet tax refund...

[SS2.]

Forget the £20 or so to tax it for a month, likewise the £20 or so admin fee for adding it to your insurance policy, what would put me off from shedding it would be the hassle of buying & selling within such a short space of time, not to mention SORNing if it didn't sell straightaway.

[IanCress]

I've thought about doing this recently as our lease car is delayed, and i've already sold the wife's car (oops). It's not the tax that puts me off, it's the insurance. The admin fee for cancelling insurance after a few weeks can be quite costly, easily equal to 3 months tax.

[TooMany2cvs]

If £20 for a month's tax and £20 for the insurance admin fee is a show-stopper, you're going to hate the bills a £500 shed's got a fighting chance of throwing at you just to keep it going through that month...

[Poopipe]

I had this problem last year - couldnt get anything on the road for less than 500quid so ended up renting at 100quid a week.

I got a free upgrade from corsa size to a pug3008 which was a nice bonus

[davamer23]

Poopipe said:

I had this problem last year - couldnt get anything on the road for less than 500quid so ended up renting at 100quid a week.

I got a free upgrade from corsa size to a pug3008 which was a nice bonus

Wouldn't brag about that too much.