M2 VEL changes April 2017

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N54
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M2 VEL changes April 2017

Post by N54 » Sat Dec 10, 2016 2:38 pm

Hi All

Interested in getting an M2 but currently been quoted as summer 2018

Under new car tax changes April 2017 the M2 will be an eye watering £1200!

Is this putting anyone else off or are you just grinning and bearing it?

Kerr
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Re: M2 VEL changes April 2017

Post by Kerr » Sat Dec 10, 2016 3:15 pm

TRL had a car available for December delivery. There has been quite a few cancellations from elsewhere too.

The new Road tax rules do make a difference for the first 5 years. The M2 will also be £450 per year after the £1200 for the first year.

Just looking the current rates are £355 for the first year DCT and £500 manual. It's then £230 for the DCT and £270 for the manual.

That means the DCT will be £1725 more over the first 5 years compared to current rates.

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Harmlu
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Re: M2 VEL changes April 2017

Post by Harmlu » Sat Dec 10, 2016 4:50 pm

los desaparecidos wrote:
N54 wrote:Hi All

Interested in getting an M2 but currently been quoted as summer 2018

Under new car tax changes April 2017 the M2 will be an eye watering £1200!

Is this putting anyone else off or are you just grinning and bearing it?
TBH, I think most people shelling out fifty for a new car will grin and bear it.
Exactly! You don't buy this car for its cost saving!


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FishFingers
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Re: M2 VEL changes April 2017

Post by FishFingers » Sat Dec 10, 2016 4:57 pm

I don't think it will make too much difference but obviously a pre April would be preferable.
If the attached article (Glass's) from a week or so ago is correct - then Purchase price and PCP rates 'could' also be on the increase because of Brexit and f/X rates.

http://www.motortradenews.com/news/auto ... ments.html

If that turns out to be correct...especially combined with the VED increase ...there may well be quite an incentive to get one earlier rather than later. Especially if purchasing on PCP.

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Re: M2 VEL changes April 2017

Post by sburns » Sat Jan 07, 2017 9:26 am

Could someone be kind enough to confirm the cost of VED for a manual M2 registered pre and post April 17 when the new system kicks off please?
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m2wolf
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Re: M2 VEL changes April 2017

Post by m2wolf » Sat Jan 07, 2017 9:46 am

@admins can we put a sticky on this topic pls ?

Only advantage for wait is a LCI refresh on the M2 with new tail lights and perhaps more options.

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Harmlu
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Re: M2 VEL changes April 2017

Post by Harmlu » Sat Jan 07, 2017 10:18 am

All information is on government website. Just as easy to look at that as it is to ask and wait for a possible wrong answer here.


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rs990
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Re: M2 VEL changes April 2017

Post by rs990 » Sun Jan 08, 2017 1:53 pm

los desaparecidos wrote:TBH, I think most people shelling out fifty for a new car will grin and bear it.
I think that the new road tax changes will have a bigger impact on the second hand market. I don't think it will hurt the M2 too much, but it will hammer the second hand values of cars like the 520d xDrive and the Audi A6 2 litre diesel.
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