Ford, VW and Vauxhall cars scrapped by owners due | Tech News
Motorists are opting to scrap some of the preferred cars on the highway due to rising annual car tax payments. According to the Telegraph, some of probably the most recognisable Ford, Volkswagen and Vauxhall fashions at the moment are “virtually worthless and being scrapped” by owners as prices proceed to rise.
Almost all petrol, diesel and electric car owners pay Vehicle Excise Duty (VED) charges, with prices rising yearly. Cars registered earlier than 2001 pay charges primarily based on their engine sizes, however cars between 2001 and 2017 are charged primarily based on emissions. Some of probably the most extremely polluting fashions are most affected, with Band M costs leaping to £760 from April 1.
This sounds a lot, however these stretching payments on a month-to-month foundation pays even more with annual prices of round £798. Those paying their VED charge on a six-month foundation are most affected, with drivers paying an annual complete to £836.
Popular fashions affected by this so-called “VED trap” embody widespread household cars such because the Ford Mondeo V6, Ford Galaxy 2.3 and the Vauxhall Zafira VXR. Highly sought after fashions such because the Audi TT 1.8T, Volkswagen Golf R32 and the Subaru Forester 2.5 XT have additionally made the scrap watchlist.
As effectively because the owners merely ditching the fashions, basic car dealerships have been left contemplating whether or not sure fashions may even be stocked.
Wayne Lamport from Stone Cold Classics harassed cars from across the mid-2000s have been beginning to trigger issues with some fashions changing into “unsellable”.
Wayne informed the Telegraph: “We have to be very careful when we buy stock which is 2006 or more recent. Cars such as a Jaguar X-Type are great, but who wants to pay more than £700 for the annual tax? It doesn’t take many years of ownership to spend the value of the car.”
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