Yeah, and the funny thing is that insane tax hike is now on hold for older cars, but values will never recover. And they still won't say for sure whether it will be retrospective, or just on new cars.
totally agree, the tax hike was another way of gaining revenue. they just thought ah well its boom time and we can just tax it to death and people will just pay. I am lucky to earn enough to be able to put money to the trade in and change but many could be stuck with a car that will be 400 pounds plus to tax and not afford to change. These people will then more likely drive with no tax.
have the government officially confirmed the new tax is on hold or just rumors?