New car tax rules,, Ouch if you own a Ferrari

[Jcbmally]

http://www.msn.com/en-gb/cars/owner...ter-april/ss-AAm1gFs?ocid=spartandhp#image=27

"Ferrari = A £2,000 ‘showroom tax’, £310 premium surcharge, and £140 standard rate, combine to deliver a £3,800 blow to the wallet."

But at least the Mustang is cheaper lol

Would be interesting to see what the "showroom tax" is on a ne S4.

 

[Daggerit]

http://www.msn.com/en-gb/cars/owner...ter-april/ss-AAm1gFs?ocid=spartandhp#image=27

"Ferrari = A £2,000 ‘showroom tax’, £310 premium surcharge, and £140 standard rate, combine to deliver a £3,800 blow to the wallet."

But at least the Mustang is cheaper lol

Would be interesting to see what the "showroom tax" is on a ne S4.

£800 for the Avant and I think the saloon sneaks under and is £500 instead. Not as bad as it could be but still not cheap.


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[Jcbmally]

£800 for the Avant and I think the saloon sneaks under and is £500 instead. Not as bad as it could be but still not cheap.


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Flipping heck. £800 + £310 (for 5 years) + £140 (for five years) = £3050, I wonder if there will be some special deals to compensate.
Think I've got my maths right

 

[Daggerit]

Flipping heck. £800 + £310 (for 5 years) + £140 (for five years) = £3050, I wonder if there will be some special deals to compensate.

I'd love it if there was but can't see happening as it's a government implemented thing and not the Audi company...


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[gbrown]

Flipping heck. £800 + £310 (for 5 years) + £140 (for five years) = £3050, I wonder if there will be some special deals to compensate.
Think I've got my maths right

That is a lot of tax, but obviously there is some tax to pay at the moment...

First year tax on the S4 Avant is currently £300, going up to £800, so an extra £500.

Years 2-6 are currently £210 going up to £140+£310 surcharge, so £240 extra for 5 years.

Year 7 onwards an s4 Avant registered prior to April 2017 will stay at £210, presuming it doesn't go up, but I expect it will! Newer cars will actually be cheaper Year 7 onwards, at just the standard £140, again excluding the inevitable increases.

So an S4 Avant after this March will be £500 extra in the first year, £240 extra for the next 5 years (so £1700 more over 6 years) and then actually £70 year cheaper from then onwards!

After 30 years you'll be better off with the new car!

P.S. And those of us who got our orders in before Jan 12th this year also avoided the £600 price rise, over the 4 years I hope to keep my car I reckon I've saved £1820 or so, or around 3.5%.

Geoff