Will the VRT change in January?
Filed under:
VRT
The question
Would there be a difference in VRT due if a car was bought in November or wait until January?
Asked by Ray Gavin ·
Expert answer
Hi Ray,
If you're buying a new car, then no. There were no changes to the VRT rates announced in the budget so there'll be no difference in rates in January.
If you're talking about importing a car, then there might be a slight difference. Obviously the exchange rate can fluctuate, which can buy you some more savings to fund the VRT payment on an import, added to which another year on the age of a car could potentially have an impact on its Open Market Selling Price, but the difference will be minimal.
Answered by Neil Briscoe