APPLY ONLINE OR CALL 0800 328 3022
Any purpose loans. Any purpose mortgages. Any reason why not?
- Brown dismisses housing crisis fears (09 04 2008 10:15)
- Mortgage hope offered by bank (09 04 2008 10:15)
- Consumer morale 'falls again' (09 04 2008 10:15)
- Bristol & West withdraws deals (09 04 2008 10:15)
- Retirees feel 'unhappy due to no longer working' (09 04 2008 10:15)
- Severn Trent to be fined £36m (08 04 2008 04:15)
- Brown to announce first time buyers help (08 04 2008 04:15)
- UK bank details 'for sale by thieves' (08 04 2008 04:15)
- Last 100% mortgage to disappear (08 04 2008 04:15)
- High earners 'shut out of market' (08 04 2008 04:15)
Advice given on car tax hike
Government-imposed increases to car tax will hit UK drivers in the pocket, EurotaxGlass's has pointed out.
Many used cars will be affected by the 98 per cent increase - although the degree of extra costs will vary depending on how old the vehicle is and how much carbon it emits.
According to EurotaxGlass's, those cars registered between 2001 and 2006, which emit more than 226g of carbon per kilometre, will be worst affected.
This group will see costs of Vehicle Excise Duty (VED) increase from £210 to a minimum of £415 when the new legislation comes into effect next year.
"The latest rises in VED will increasingly be viewed as an integral part of overall rises in motoring costs for high polluting cars, putting their values under further pressure," managing editor at EurotaxGlass's Adrian Rushmore said.
"Such a sharp rise in VED could well have implications for the used car market in the coming months and years, but much will depend on customers' understanding of the changes."
Accordingly, buyers looking to pay off debt for car loans quicker are advised to buy vehicles which emit less carbon.
Send this article to:
