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Where can I sell my car which costs too much to run

Sell my car for cash quickly

It may sound like an April Fool’s joke, but the truth is no laughing matter.

Starting on April 1, 2024, changes in car tax regulations will have real financial implications for drivers of certain petrol and diesel vehicles.

Vehicle Excise Duty (VED) is slated to rise across the board, in line with the Retail Price Index (RPI) inflation.

This increase could hit some car owners hard, with a potential £140 hike in taxes. It equates to approximately six percent increase come April 1.

These changes primarily target vehicles with higher emissions. New petrol and diesel cars emitting over 255 g/km of CO2 will face a hefty first-year tax of £2,745—a £140 increase from last year’s £2,605 charge.

Pricey Pricey

But it’s not just the highest polluters feeling the pinch. Cars emitting between 226 and 255 g/km will see a £120 increase, going from £2,220 to £2,340 per year. Even cleaner vehicles emitting between 191 and 225 g/km will face nearly £100 in additional charges.

And the impact isn’t limited to new cars with high emissions. Standard rates for models registered after April 2017 will also rise by £10 per year.

Additionally, VED rates are set to climb from £180 to £190 annually. Cars registered on or after 1 March 2001 will face adjustments in VED price bands.

Starting next week, the most polluting cars in bands B and M will see their charges rise from £695 to £735. Band L fees will also increase by £35, jumping from £675 to £710 per year. These changes mark a significant shift in taxation aimed at reducing emissions and promoting cleaner driving habits.

But for many motorists, it might be the time to sell up, quit while you’re ahead. If you want to sell a vehicle because it’s costing too much to run and tax, then contact The Scrappers – part of the Metro Salvage family.

We’ll pay you a highly competitive rate with free car or van collection. Just pick up the phone and contacts us on 01204 388488. Our agents are located all over the UK so even if you’re based miles away for our Bolton HQ, we’ll be able to collect your vehicle. So sell a car that’s costly to run today!