Reply To: New to the scheme and totally confused!

#164138
Rene
Participant

    Rene, that’s for cars up to 2017. Cars registered after 2017 are on a completely different road tax structure. Scroll down to ‘vehicles with a list price over £40K’ https://www.gov.uk/vehicle-tax-rate-tables

    Well damn.

    I didn’t even know that £40k limit existed (ie. the £335 “rich people tax”), that’s incredibly stupid for PHEV owners in general, since they’re more “eco-friendly (as in, less taxable emissions)” but usually are more expensive than ICE cars.

    Who thought that was a great idea? That means a PHEV costs more in tax than a used 450bhp V8. That’s proper idiotic. I stand corrected (yet again), this is too stupid to be expected by me.

    That being said: a PHEV can cut your fuel cost in half, if not more (especially if you go with an EV tariff with your electricity supplier). If you spend £130 a month in petrol/diesel, that’s around £1500-£1600 annually. Which means it’d amortise itself within a year – and in the first three years, you save £2250 in fuel. Which pays already for the charging point and the tax for the last two years (it’ll drop to £145 if i understand this correctly after 5 years) in the timespan of the lease itself.

    While this certainly isn’t as great a saving as one would think – it’ll still turn out cheaper. And, being a PHEV, it’ll also keep the resale value better, since diesels aren’t an easy sale anymore – whereas PHEVs are.

    This all makes my head hurt, actually. Maybe we’ll actually do just go for that Audi A3.

    As a sidenote, i will not comment on Wigwams posting here since i find it absolutely horrible that he suggests that it’s completely fine to use an extension lead when his own car manual states to never (literally says never) use an extension lead. Which means that if you do, and something goes wrong (and i did show him forums where people had things go wrong), you’ll lose insurance cover. Do your own research in regards to granny chargers (judging by how well you do research, i’m sure you’ll come to the correct conclusion), don’t listen to neither me nor Wigwam on that one.

    Prior: SEAT Ateca Xcellence Lux 1.5 TSI DSG MY19, VW Golf GTE PHEV DSG MY23
    Current: Hyundai Ioniq 6 Ultimate
    Next: we'll see what's available in 2028.