Tax rise: Buy before 1st April 2020 and save!
At Arbury, we are here to help you find your ideal car at the best possible price, which is why we wanted to let you know that vehicle tax is set to increase for new cars registered from 1st April 2020. So, if you are planning to upgrade your vehicle this year, doing so before this date could save you a significant amount in tax.
We stock a wide range of new Peugeot, Nissan, SEAT, ŠKODA, Fiat, Citroen and Abarth models across the West Midlands, but move fast – visit us today to beat the tax rise!
Changes to emission measurements
Vehicle Excise Duty (VED), also known as vehicle tax or road tax, is calculated based on multiple factors including engine size, vehicle age, fuel type and emissions. The current measurement, the New European Driving Cycle (NEDC), is being replaced by the Worldwide Harmonised Light Vehicles Test Procedure (WLTP) from 1st April 2020.
What is the new test?
WLTP is designed to give a truer reflection of real driving conditions and provide a more accurate account of a vehicle’s emissions and fuel economy. It has a test duration of 30 minutes, covering 23.25 kilometres. The test is divided into four parts with different average speeds, plus a variety of actions, including stops, acceleration and braking.
How will this affect me?
Because the WLTP test is more rigorous, the revised measurement figures mean that Vehicle Tax is changing for new vehicles registered on or after 1st April 2020. Benefit in Kind (BiK) on company cars will also be affected from 6th April 2020.
Evidence across all vehicle manufacturers suggests that more than half of cars will see an increase in VED between 10% and 20%.
Contact Arbury now to save!
Although the new values should help you decide on a new car by giving a clearer picture of vehicles’ fuel economy and environmental credentials, the change in tax cost could prove more expensive.
So, if you are thinking of changing your car or van this year, this is the perfect opportunity to save. Contact your Arbury dealership today to book a test drive!