There was an article in the paper yesterday regarding the new bands for the taxation on cars, l did not read all of it but it sounds as though Z owners could be in for a nice 'shock'. Basically apart from pure electric vehicles, all other vehicles will pay road tax even those currently rated at '0' now. An example given showed a 5.3 litre Mustang currently paying £480 a year road tax being reduced to £140 a year.!!! Surely this must mean that Zeds will be similarly reduced and down to £140 per year. Fingers crossed, something good may be coming our way.

Only applies to cars built since 2017

Also the high tax is for the first year that the car is on the road, then drops down I believe. The Example I saw was a new range rover would be over £2000 for the first year then £700 something onwards

Also the high tax is for the first year that the car is on the road, then drops down I believe. The Example I saw was a new range rover would be over £2000 for the first year then £700 something onwards

 

That’s not new is it?

That’s not new is it?

 

No, you're right - there has been an additional showroom tax, or first year road fund licence, for years now.

 

And as Ian says, this won't be applied retrospectively either - it's for new registrations onwards. There's now also a supplement for cars with a new list price of over £40k - which applies each year for the first five years, then the RFL reverts back to £140.

 

For cars registered in 2016 or before, everything remains the same.

It was so much easier (and better?) when it was based on engine size. Also when it was on engine size it was loosly based on emissions anyway because 1.2L is going to give out less than a big V8. I dont understand this buying new cars thing anyway. A friend has just bought a brand new Seat Ibiza. He payed about £25K for it at something like £300/month. He is locked in for 4 years and doesnt own the car. At the end of the 4 years he has to pay something like £10,000 to buy the car. Also during the 4 years he has to get it serviced at Seat, if it goes anywhere else, there is a financial forfeit, same if he goes over his annual mileage. He still has to tax it, insure it and MOT it in the final year. To me it just seems like a con, especially as most new cars loose 20%-30% of their value when you drive them off the forecourt.

 

All my cars I own, I own outright. If I ever get into financial problems, I can at least sell one (The wifes TT ofcourse, the Nissans would never get sold!) When I learnt to drive you bought a cheap crappy car, one because the insurance was high, two because if you crashed it (we all do when we are young) it didnt matter. Maybe I am missing something but everyone seems to want/need/have a new car on the latest year plate (or a personal plate). A girl at work said she NEEDED a new Corsa VXR. She pays £359/month and her insurance, get this, is £2900 :wacko: She is on a 4 day rota, but works 6 days to pay for the car!

 

I know I got side tracked here, but to me it makes more sense to buy an old car (pre tax changes 2002-ish) cheaper tax, less money to buy as in you can buy it and own it yourself as an asset and as long as its maintained properly, it wont break down regulary. My black nissan is on 209K (admittedly a mixture of KMs and Miles) but in the 3 years I have owned it, its broken down once...in france....and took 3 weeks for it to come back.....but thats what the AA are for! I drove 45K miles last year and it always seems to be new cars at the side of the road awaiting rescue.

 

Can someone shed some light on this? Is it easier to have a dealer car? Services are better? At the end of the 4 years are you paying less than if you bought the car with cash? I dont understand why people do it? To me it makes more sense to take out a loan, buy the car and repay the loan. At least you own the car outright. Even better, get a loan, buy a 2nd hand one with 10K on the clock from AVIS and you will save 1000s...

The car shouldn't be taxed, why should I pay £540 odd quid a year for my VXR8 that I do about 1500 miles a year in when a rep clocking 20k a year in his shitty stinking diesel VW or Audi pays a fraction of that.

 

It should all go on at the pumps. The more fuel you buy the more damage you are doing to the environment.

 

Simples

The car shouldn't be taxed, why should I pay £540 odd quid a year for my VXR8 that I do about 1500 miles a year in when a rep clocking 20k a year in his shitty stinking diesel VW or Audi pays a fraction of that.

 

It should all go on at the pumps. The more fuel you buy the more damage you are doing to the environment.

 

Simples

It would stop people driving around with no tax, although I don't enjoy paying £1.18/litre... It was 72p/litre when I learnt to drive...

 

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The car shouldn't be taxed, why should I pay £540 odd quid a year for my VXR8 that I do about 1500 miles a year in when a rep clocking 20k a year in his shitty stinking diesel VW or Audi pays a fraction of that.

 

It should all go on at the pumps. The more fuel you buy the more damage you are doing to the environment.

 

Simples

 

And here we are with €2,350 for a 370Z or similar, while the majority rack up thousands of miles a year in filthy diesels and pay €280 or less.

 

It can only get worse.

It would stop people driving around with no tax, although I don't enjoy paying £1.18/litre... It was 72p/litre when I learnt to drive...

 

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It was over £1.50 a litre not that long back for a long time don’t forget. We’ve had a nice holiday last year or two on petrol prices.

It was so much easier (and better?) when it was based on engine size. Also when it was on engine size it was loosly based on emissions anyway because 1.2L is going to give out less than a big V8. I dont understand this buying new cars thing anyway. A friend has just bought a brand new Seat Ibiza. He payed about £25K for it at something like £300/month. He is locked in for 4 years and doesnt own the car. At the end of the 4 years he has to pay something like £10,000 to buy the car. Also during the 4 years he has to get it serviced at Seat, if it goes anywhere else, there is a financial forfeit, same if he goes over his annual mileage. He still has to tax it, insure it and MOT it in the final year. To me it just seems like a con, especially as most new cars loose 20%-30% of their value when you drive them off the forecourt.

 

All my cars I own, I own outright. If I ever get into financial problems, I can at least sell one (The wifes TT ofcourse, the Nissans would never get sold!) When I learnt to drive you bought a cheap crappy car, one because the insurance was high, two because if you crashed it (we all do when we are young) it didnt matter. Maybe I am missing something but everyone seems to want/need/have a new car on the latest year plate (or a personal plate). A girl at work said she NEEDED a new Corsa VXR. She pays £359/month and her insurance, get this, is £2900 :wacko: She is on a 4 day rota, but works 6 days to pay for the car!

 

I know I got side tracked here, but to me it makes more sense to buy an old car (pre tax changes 2002-ish) cheaper tax, less money to buy as in you can buy it and own it yourself as an asset and as long as its maintained properly, it wont break down regulary. My black nissan is on 209K (admittedly a mixture of KMs and Miles) but in the 3 years I have owned it, its broken down once...in france....and took 3 weeks for it to come back.....but thats what the AA are for! I drove 45K miles last year and it always seems to be new cars at the side of the road awaiting rescue.

 

Can someone shed some light on this? Is it easier to have a dealer car? Services are better? At the end of the 4 years are you paying less than if you bought the car with cash? I dont understand why people do it? To me it makes more sense to take out a loan, buy the car and repay the loan. At least you own the car outright. Even better, get a loan, buy a 2nd hand one with 10K on the clock from AVIS and you will save 1000s...

 

With all due respect your friends have shit implusive deals. A few of us have gone this route and it’s worked out very well, if your sensible. My wife’s car is on a PCP plan I think it is (basically a loan). So we do own the car, we have a guaranteed value if we sell it back which is higher than the outstanding loan. The deposit was the value of her old car, not much. Works out about £150 a month over 46 months, with 0% interest, then we have multiple options. Cars worth just short of 20k.

This equals safe, reliable motoring and if it breaks it’s going to be a warranty job which gets me off the spanner’s. £150 a month isn’t nothing but it’s not much. I paid more than that for my first cars insurance :pinch: people rinse that on crap like mobile phones and sofas on contacts. The point I’m making is it can work very well if your sensible.

With all due respect your friends have shit implusive deals. A few of us have gone this route and it’s worked out very well, if your sensible. My wife’s car is on a PCP plan I think it is (basically a loan). So we do own the car, we have a guaranteed value if we sell it back which is higher than the outstanding loan. The deposit was the value of her old car, not much. Works out about £150 a month over 46 months, with 0% interest, then we have multiple options. Cars worth just short of 20k.

This equals safe, reliable motoring and if it breaks it’s going to be a warranty job which gets me off the spanner’s. £150 a month isn’t nothing but it’s not much. I paid more than that for my first cars insurance :pinch: people rinse that on crap like mobile phones and sofas on contacts. The point I’m making is it can work very well if your sensible.

I won't argue, some of my friends don't make the best decisions much like me sometimes. It's good that there are good deals out there, it just seems there are many bad ones. Much like many things in life I guess! My dad's friends wife had a vauxhall astra on finance, took it in for a service and walked out with that new convertible thing. When asked why she bought it by the husband, she said because it had a 67 plate! [emoji38]

 

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Oh Christ, the amount of people that chop a car in for minor faults because “well it’s getting on now” at three years old is crazy. Still there’s plenty of people out there with too much money and not enough common sense, only got to look at house prices for that to be clear.

Oh Christ, the amount of people that chop a car in for minor faults because “well it’s getting on now” at three years old is crazy. Still there’s plenty of people out there with too much money and not enough common sense, only got to look at house prices for that to be clear.

 

Well said!

 

Cars nowadays are far more reliable - they'll cover 150k - 200k miles plus without issue - so buying a new one every three years, just because you get the new reg plate, is daft. I'd only replace a car if and when I fancied something else.... Or as I did with my latest daily drive, because I was tempted by the updated, better specced model - and I managed to negotiate a 20% discount off the list price, even after adding £4k worth of options!!

 

I have just clocked 10k miles in 17 months - so will most likely keep this one for at least 5 years. I want to get my money's worth...:wink:

The Skoda is up next year, interested to see what they offer me.

With all due respect your friends have shit implusive deals. A few of us have gone this route and it’s worked out very well, if your sensible. My wife’s car is on a PCP plan I think it is (basically a loan). So we do own the car, we have a guaranteed value if we sell it back which is higher than the outstanding loan. The deposit was the value of her old car, not much. Works out about £150 a month over 46 months, with 0% interest, then we have multiple options. Cars worth just short of 20k.

This equals safe, reliable motoring and if it breaks it’s going to be a warranty job which gets me off the spanner’s. £150 a month isn’t nothing but it’s not much. I paid more than that for my first cars insurance :pinch: people rinse that on crap like mobile phones and sofas on contacts. The point I’m making is it can work very well if your sensible.

 

If it's a PCP you do not own the car until that balloon payment is paid at the end.

 

PCP and HP are nothing like a loan. They are attached to the car and the finance company own it until you have paid the balance in full.

 

A loan that you get from the bank and use to pay for the car in cash is the only way to 'own' the car from day 1.

That being said PCP is a decent choice if you want lower monthly payments. But it is FAR FAR FAR from safe!

 

1. The GFV is only guaranteed if you want to buy the car off the finance company. It is not an agreed part exchange price. A lot of shady salespeople will sell it to you by telling you that though so be careful.

 

2. I can almost guarantee if you have bought something German or French you will be in negative equity at the end of the PCP, so be prepared to hand the car back to the finance company and start again.

 

3. If you do end up having to hand the car back, there are big charges if you have exceeded your mileage allowance, lost a key, lost handbooks, scratched the car etc etc. I have known a finance company asking for £200 to replace handbooks before.

Cheers for the experienced advice there, it’s definitely owned by us I remember that but quite distinctly. I can’t recall the exact name but I basically took a loan out with a company as a third party. So I guess it isn’t a PCP. It was three years ago now so maybe I’ve mis remembered some of it. I had three options at the end. I’ve got to look at it later anyway because the mortgage advisor will want to see it tomorrow. I’m very much expecting to chop it in, not because it’s done but just to keep the ball rolling so to speak. I’ve been very anal with it for obvious reasons, it needs an allot returned before I hand it back but it’s otherwise unmarked. They’ve started sending me invites etc, I gues they want me to chop in early.

Edited February 18, 20187 yr by Stephen

A lot of people look at a car as a status symbol and it seems to me that too many people are going beyond their means to own the latest tub. Such people must place a high value on the perceived status or value of the car gives them beyond the financial reality. It's their choice at the end of the day. That new car buzz soon wears off though and they are back into the cycle again.

I don't have a Z right now either but if I wanted to spend more of my money on cars then I would be buying a Z and keeping my daily driver which serves me just fine and is all paid for. I appreciate the Z for what it is, its not a status symbol its a passion :winkiss: