HOW MUCH ROAD TAX DO I PAY?
The road tax you have to pay will differ drastically from vehicle to vehicle, meaning that it’s super hard to fully estimate how much you have to pay until you’re quoted a price.
Two major factors at play determine how much you have to pay: the Co2 emission that the car emits and the car’s age.
The amount you have to pay for 51 to 75g of emissions per Kilometre is £25 for diesel cars and £15 for petrol cars. If you emit over 255g/Km, then you’ll have to pay around £2,365. This shows that there’s a massive difference depending on emissions and that getting an efficient car is vital if you’re looking to save money.
In addition to this price based on emissions, you’ll also pay extra for how old the car is.
When getting taxed on a car, the rate you’re charged for the first time is often different to what you’re charged in the following years. This is because you’ll be put on a different tax rate.
It’s also important to note that cars valued at over £40,000 will be taxed an additional £355 a year, making it a bit more expensive to own a luxury vehicle and should be something you think about if you’re going for an expensive car. Read more about road tax here.