09-07-2018, 02:18 AM | #23 | |
Major General
1400
Rep 8,086
Posts |
Quote:
I'm not impressed with paying £500 RFL either but in the grand scheme of things...
__________________
Ian
Current: 2021 G21 330i M-Sport Previous: 2018 A6 Avant S-Line MMI+, 2014 F31 320d M-Sport, 2013 F10 520d M-Sport, 2011 F10 530d M-Sport, 2008 320i M-Sport Coupe, 2002 325i, 2001 318i valvetronic, 1998 318i, 1996 525i, 1990 Porsche 944S2 |
|
Appreciate
1
dopper993532.50 |
09-07-2018, 02:26 AM | #24 | |
Captain
206
Rep 624
Posts |
Quote:
The choice for me was between a 420i and 430i - neither car would have cost me anything like 40k after the discount available to me but, since I didn't want to be driving poverty spec the 430i would have been well over the £40k list price. The extra RFL isn't insignificant and adds nearly 10% to the monthly payments before adding the other costs of owning the higher spec 430i which themselves are increased by reduced residuals (because of the tax) - it's a double whammy. The question is how much is an extra 70hp worth? Before the new tax rules the cost benefit balance was probably about right but now, for me at least, the cost of the extra power on a monthly basis is completely disproportionate. I could afford it if I really wanted to but it just seems to be a ripoff and there's other things I'd like to spend the money on. Last edited by thescouselander; 09-07-2018 at 02:47 AM.. |
|
Appreciate
0
|
09-07-2018, 02:37 AM | #25 |
Lieutenant General
1868
Rep 13,043
Posts
Drives: BMW M340I G20
Join Date: Aug 2007
Location: UK
|
It would be slightly easier to swallow if the extra RFL would be spent on the roads. But will it fcuk. It's just another way this shower of shit Government taxes the motorist.
__________________
--------------------------------------------------------------
Current car.M240i. Previous.MINI JCW. E92 325i. 435d M235i.M135i. 635d Coupe, E92 M3 manual, E92 M3 DCT Competition Pack. E92 335i, Porsche Cayman S Gen2, 135i Coupe. E92 320d, MK5 R32. MK5 Golf GTi,MK5 Golf GT-TDI,E46 318Ci. |
Appreciate
0
|
09-07-2018, 02:58 AM | #26 | |
Major General
3122
Rep 5,681
Posts |
Quote:
|
|
Appreciate
0
|
09-07-2018, 06:42 AM | #27 | |
Captain
206
Rep 624
Posts |
Quote:
Perhaps unintuitively I don't think the second hand buyer will actually be disadvantaged ultimately. The tax bill might go up but I suspect this will be more than compensated for by the lower purchase price for the vehicle as market forces balance everything out - in reality it will be the new buyers that get clobbered. Last edited by thescouselander; 09-07-2018 at 06:52 AM.. |
|
Appreciate
0
|
09-07-2018, 07:13 AM | #28 | |
Lieutenant General
6659
Rep 15,858
Posts |
Quote:
BMW have flooded the market, assisted with tempting incentives. The cost of the cars has crept up anyway, (made worse by the multi-options factor), that in itself means a faster fall to sensible used values. Perceived costs of running a higher valued used car, more complex cars adds to the hit, as has always been the pattern. It has always been a buyers dilemma, buy a premium used car at say £20k, or buy a new car of the same value. Many more will opt for the new car, lower and controlled running costs, vs. the unknown costs of a complex (perceived or real) premium used car. The higher VED will turn a few more users in the cheaper new car direction. Market forces will level to where car buyers see the 'balance' of (new vs. used) values. |
|
Appreciate
0
|
09-07-2018, 07:25 AM | #29 |
Major
705
Rep 1,141
Posts |
Slightly off topic, but what's the deal with car tax, on a new car, when you collect late in the month ?
Do you get butt fucked for the entire month, or is there some other mechanism on new cars ? Not done this before. |
Appreciate
0
|
09-07-2018, 07:45 AM | #30 |
Captain
309
Rep 649
Posts |
Yes, any car you tax late in the month has to be taxed from the beginning of that month.
Q
__________________
2018 440i Gran Coupe, MPPSK, Champagne Quartz, Ivory White, Adaptive Susp., Sunroof, Active Security, CA and a few other bits.
|
Appreciate
0
|
09-07-2018, 07:52 AM | #32 |
Brigadier General
2647
Rep 3,664
Posts |
Not always. Dealers can add days onto the tax in this instance. I've picked cars up a few days before the end of the month and not been greased for a full month IE, the car effectively comes with 12 months and x days tax. Don't know what the criteria is for this how many days maximum you can add or if it only applies to new cars - but it can and has been done.
__________________
Current: M4 G82
Past: C43, X4 M40i, TTS, M4 CP, 440i, 435d, M235i, 220d, F30, E90, E87 |
Appreciate
0
|
09-07-2018, 08:05 AM | #33 |
Lieutenant
164
Rep 496
Posts |
I pay taxes and look pleasant but on this I do think the £40,000 should be dynamised each year with inflation by the Chancellor eg £40,000 and the next year £40,000 plus 2% say or £40800 which might protect some of us in a fair way.
|
Appreciate
0
|
09-07-2018, 12:51 PM | #34 |
Lieutenant Colonel
709
Rep 1,696
Posts |
Let's get it right, it's nothing to do with emissions, it's about raising taxes. Why tax a Tesla that runs zero emissions...because they can. When the day comes we are all running electric cars they'll tax us again for something else.
Don't get me wrong, I have no issue with paying tax, I just would prefer if they cut the bullshit and told us the real reason they change taxation on cars every 10 mins |
Appreciate
0
|
09-07-2018, 02:29 PM | #35 | |
Major
705
Rep 1,141
Posts |
Quote:
http://assets.dft.gov.uk/dvla/V355_290613.pdf Check page 13 - Question 3. Also Appendix R for how much it costs. Looks like you can do 12 months plus up to 3 weeks extra. It's not free, but you don't need to pay for the full month. |
|
Appreciate
0
|
12-07-2018, 05:16 AM | #36 |
Major
319
Rep 1,030
Posts |
I’m sorry to dig this thread up again.
If I’m buying a new car and the on the road price is £40,200 including the first year road tax do I have to pay the extra £340 road tax in the next 5 years ? If the on the road price is £40,200 minus the £515 first year road tax = £39,685 and therefore the price of the car is under £40K and therefore exempt from the extra £340. Am I right in thinking the list price of the car doesn’t include the first year Road tax ? |
Appreciate
0
|
12-07-2018, 05:24 AM | #37 |
Major
705
Rep 1,141
Posts |
The £40K rip-off tax is based on the list price of the vehicle (including any optional extras), not the on the road price. You don't need to include delivery, road tax, number plates or anything else.
Sounds like you should be fine |
Appreciate
1
Isow319.00 |
12-07-2018, 05:26 AM | #38 | |
Enlisted Member
11
Rep 45
Posts |
Quote:
You can disregard VED and the £55 first reg fee in your calculations I think! |
|
Appreciate
1
Isow319.00 |
12-07-2018, 05:40 AM | #40 |
Lieutenant General
1868
Rep 13,043
Posts
Drives: BMW M340I G20
Join Date: Aug 2007
Location: UK
|
Is that total or before on road costs?
__________________
--------------------------------------------------------------
Current car.M240i. Previous.MINI JCW. E92 325i. 435d M235i.M135i. 635d Coupe, E92 M3 manual, E92 M3 DCT Competition Pack. E92 335i, Porsche Cayman S Gen2, 135i Coupe. E92 320d, MK5 R32. MK5 Golf GTi,MK5 Golf GT-TDI,E46 318Ci. |
Appreciate
1
Isow319.00 |
12-07-2018, 06:10 AM | #41 | |
Major
705
Rep 1,141
Posts |
Quote:
It's the 'On the road' price that includes these. |
|
Appreciate
1
Isow319.00 |
12-07-2018, 06:13 AM | #42 | |
King of the North (living in the east...)
1058
Rep 2,158
Posts |
Quote:
For years, if your house was £249,999 it was 1% stamp, however if it was £250,001, then 3% on the whole lot of it. Now that was the most retarded tax policy ever! I've a great idea, how about they do something similar for cars, i.e. a sliding scale, starting at price over £40k. It would not be difficult to construct a reasonable scale that achieved the same revenue stream, but did not smash the £42k car owners quite so much. i.e. If you can afford a 100k car, tax that more. If you can afford a 200k Ferrari, harder still etc.... Oh I know why, cause middle England ends up paying for everything, as always... The less well off are too poor to contribute more, and the very well off are... "tax efficient"
__________________
2021 M340i in mineral white, options galore
Previously 2018 440i GC in MG 2015 330D F30 MSport EBII 2012 Alfa Guilietta 2.0d Veloce 2009 Fiat bravo sport 2000 ST Mondeo |
|
Appreciate
0
|
12-07-2018, 06:50 AM | #43 | |
Banned
1669
Rep 3,967
Posts |
Quote:
Yep |
|
Appreciate
1
hudson012003168.50 |
12-07-2018, 06:54 AM | #44 |
Captain
170
Rep 785
Posts |
This feels much like when they screwed people over on child benefit - you are earning enough to buy a nice car so you can't easily complain as people will laugh at you.
Previously it was based on CO2 which seemed a logical approach - a Tesla has 0 so you pay less even though the car is more expensive. Going to purely price based is a very blunt instrument. |
Appreciate
0
|
Post Reply |
Bookmarks |
|
|