From 1st April 2017, the amount you pay for VED (also known as road tax) on brand new vehicles has increased for 7 out of 10 owners and some drivers now have to pay VED for the first time. BUT despite the huge changes to the UK road tax system, we're giving you MORE time to beat the increase, by contributing £150 (Incl. VAT) towards the first year VED price on all new Ford models (excluding Focus RS and Mustang) when you purchase at TC Harrison Ford before the end of April!
As cars have become more economically efficient, the Chancellor has been hit in the pocket! Despite manufacturers and consumers moving to cleaner cars, the motorist is now going to have to pay higher tax charges to make up for the cash lost by low-emissions vehicles.
Anyone buying a brand-new car or motorhome registered after 1 April 2017, will now pay the first year's road tax based on the vehicle’s CO2 emissions – however the first years payments are based on heavily revised calculations which see the charges double from the old levels.
The first year rate, depending on the vehicle's CO2 emissions now range from £0 (for zero emission cars only) up to £2,000. From the second year onward, a flat fee of £140 applies to all new vehicles that are anywhere above zero emissions (except hybrid/alternative fuel cars, which will receive a £10 discount on the standard rate). In addition, any cars with a value of £40,000 or above will also pay an extra £310 per year for the first five years, as a 'premium' car tax.
|CO2 Emissions (g/km)||First Year Rate||Standard Rate (from 2nd year onward)*|
|>0 (Hybrid/Alternative Fuel)||£10.00||£130.00|
|1 - 50||£10.00||£140.00|
|51 - 75||£25.00||£140.00|
|76 - 90||£100.00||£140.00|
|91 - 100||£120.00||£140.00|
|101 - 110||£140.00||£140.00|
|111 - 130||£160.00||£140.00|
|131 - 150||£200.00||£140.00|
|151 - 170||£500.00||£140.00|
|171 - 190||£800.00||£140.00|
|191 - 225||£1,200.00||£140.00|
|226 - 255||£1,700.00||£140.00|
*Cars worth over £40,000 at the time of purchase will pay an extra £310.00 for 5 years
Buyers of new Ford cars such as the 5.0 Ford Mustang V8 can now save up to £245 over four years when buying their new model after the 1st April 2017. In contrast, buyers of Britain's best-selling new Ford Fiesta with the 1.0 EcoBoost 100PS will pay more, despite the Ford Mustang emitting three times the amount of CO2!
The good news, we'll ease you into the changes by paying a £150 (Incl. VAT) contribution towards your first year VED across all new models (excl. Focus RS and Mustang) this April!
If you would like any more information about how the road tax system has changed, how it might affect you or the new car you are thinking of buying, please contact your local TC Harrison Ford dealership in Burton, Derby, Huntingdon, Peterborough, Spalding, Stamford or St Neots and we'll be happy to assist with any queries you may have.
£150 VED contribution is valid towards 1st year VED price across all new Ford models excluding Focus RS and Mustang and includes VAT. Retail customers only. Contact your local TCH Ford Dealership for more details. Finance is subject to status and available to customers over 18 – guarantees and indemnities may be required. Freepost Ford Credit. A finance facility fee (where applicable) is an additional charge for the supply of credit and is payable with the first instalment. Deposit allowances only available with Ford Credit. You will not own the vehicle until all repayments have been made. Full written details are available on request.
T. C. Harrison Group Limited, Milford House, Mill Street, Bakewell, Derbyshire, DE45 1HH acts as a credit broker in relation to financial products and not a lender. We work with a number of carefully selected credit providers who may be able to offer you finance for your purchase. We are only able to offer finance products from these providers who may reward us for introducing you to them. T. C. Harrison Group Limited is authorised and regulated by the Financial Conduct Authority.