[sensible]

Recently I was considering buying a nearly new 4 series until I found out that the list price was over £40k, meaning there was a surcharge of £310 per year on top of the £140 vehicle excise duty. This is for 5 years from year 2 to year 6. As a result I decided not to buy. This is suppressing the new and used car market.

I decided to set up a government petition, however this was rejected as there is already one on the same subject open. Here is the link for that petition.

https://petition.parliament.uk/petitions/241300

Please consider signing and share on social media too.

[335dX]

Unfortunately there are far worse things surpressing the new and used car market....this is the least of our worries.

Maybe ask central government to sort out car manufacturing that’s going?

[ramparts]

Given prices seem to have gone up 20% thanks to the pound tanking, maybe it makes sense to up the limit to 45/50k instead

[335dX]

Originally Posted by davidoff86

Given prices seem to have gone up 20% thanks to the pound tanking, maybe it makes sense to up the limit to 45/50k instead

Some of the models I work with have gone up over 30% in 3 years

I’ve had customers come in paying £140 on a particular car, they want the same again and I quote them £200 +, no scrappage scheme etc, manufacturer discounts are lower and list prices are higher...it all adds up.

[Kal101]

- could be part of the reason JLR aren’t doing too well ??

Along with dieselgate and the Chinese market of course, but another nail perhaps?

[TouringPleb]

I still can't believe people will spend over 40k on a new car and then get upset over a couple of hundred extra quid road tax.

[TiredGeek]

^^^ What he said

[Pequin]

Originally Posted by TiredGeek

^^^ What he said

It's the principle, why should someone buying a >£40K car along with all the associated VAT etc, stump up more, it's progressive taxation at its worst.

[aquazi]

Originally Posted by TouringPleb

I still can't believe people will spend over 40k on a new car and then get upset over a couple of hundred extra quid road tax.

In the grand scheme of things it may not be a lot... but when i am paying £500pm on my pcp the road tax equates to a months payment... over the 3 years of my car ownership i am basically paying 3 months more payment just to the govt.... only for them to not fix potholes and and not use my money on the roads.... a recent bitter pill was replacing 6mm front tyres with bulges thanks to the state of our roads

[Kendo67]

Originally Posted by TouringPleb

I still can't believe people will spend over 40k on a new car and then get upset over a couple of hundred extra quid road tax.

It also impacts on the owners for the following five years , and that will have an effect on used car sales.

Mine was around £20k less than the list new price at less than a year old and i paid £12k under the £40k threshold but i still get hit with the "luxury tax"

Stick the tax on fuel , more you use the more you pay which is the fairest way but when did fair come into it when tax is concerned.

Kenny

[cc3]

Originally Posted by Pequin

It's the principle, why should someone buying a >£40K car along with all the associated VAT etc, stump up more, it's progressive taxation at its worst.

I don't think 99% of the population will be too worried if someone doesn't want to buy a £40k plus BMW because they don't want to pay the extra loading of £310 pa tax which might just contribute towards decent schools, NHS and care for the elderly. For the majority buying such an expensive car without it being a company vehicle is just a dream

Luxury Cars are getting too expensive and now suffer high depreciation.

[Wills2]

Originally Posted by Mr BMW

Maybe ask central government to sort out car manufacturing that’s going?

We tried that back in the late unpleasantness, it didn't work out well see British Leyland for details.

[wlegge]

I bet they'll be bothered when they are looking at a nicely specced 320d M sport at 4 years old for 10-15k and then have to pay the full whack of VED though..

[Goneinsixtyseconds]

Originally Posted by TouringPleb

I still can't believe people will spend over 40k on a new car and then get upset over a couple of hundred extra quid road tax.

With that rationale, why worry about the Apr on a deal, or how much discount you get. Just pay sticker price and 12.9% Apr. It's only money, and if you can afford a 41k list (£29k actual) 420d, then you must be rolling in it. Bloody rich folk being tight........

[Wills2]

Originally Posted by cc3

I don't think 99% of the population will be too worried if someone doesn't want to buy a £40k plus BMW because they don't want to pay the extra loading of £310 pa tax which might just contribute towards decent schools, NHS and care for the elderly. For the majority buying such an expensive car without it being a company vehicle is just a dream

Luxury Cars are getting too expensive and now suffer high depreciation.

Given that the NHS costs £400,000,000 per day to run we'll need to sell a lot of 40K+ plus cars to make a difference.

[TiredGeek]

Anyone thinking the extra tax money is going anywhere but into the politicians pockets / pension funds is a tad naïve.
Next you'll be telling me the NHS is going to be getting £50,000,000 a week when we leave the Eu. Pigs will fly (without helicopters) and it's going to start raining doughnuts.....

What's the problem here folks? You know the surcharge is there and at what point it kicks in, if you don't want to pay it then the answer is simple, buy an older car that it doesn't apply to or buy a cheap POS and not a BMW.

[ramparts]

Given prices seem to have gone up 20% thanks to the pound tanking, maybe it makes sense to up the limit to 45/50k instead

[cc3]

Will all be fine shortly once Corbyn gets in. People won't have the problem of the £310 tax to worry about as they will all be taxed so much the thought of buying a £40k plus car won't arise.

[teaston]

It is annoying, and I would prefer it not to exist, but ultimately it's only £25pm and only for years 2 & 3 of my PCP so it's no biggy really.

[Kendo67]

Originally Posted by TiredGeek

What's the problem here folks?

The problem is that the luxury tax is on top of the emissions tax that we all need to pay , just because they can.

Its like being charged more for your fuel at the pump just because you are driving a more expensive car and "appear" to be able to pay more.

I know of at least two people at work that are not replacing their cars because of this "extra" they will have to pay.

Kenny

[Wills2]

Originally Posted by TiredGeek

Anyone thinking the extra tax money is going anywhere but into the politicians pockets / pension funds is a tad naïve.
Next you'll be telling me the NHS is going to be getting £50,000,000 a week when we leave the Eu. Pigs will fly (without helicopters) and it's going to start raining doughnuts.....

£50 million is 3 hours yes 3 hours worth of NHS funding, a drop in the ocean.

[stevei]

Originally Posted by TouringPleb

I still can't believe people will spend over 40k on a new car and then get upset over a couple of hundred extra quid road tax.

What if you buy a car that is 4 years old for around £13k and still have to pay the extra £310?