Will 2ndhand diesel cars get cheaper now?

tea and coffee

Will the rumours/ strong possibility of a rise is price of diesel in budget, will the cost of a second hand diesel car drop?
In the market for a small /medium car and petrol model choices are limited but 1000s of diesels (looking approx 2013 - 2015 Focus/Golf size).
I'm wondering whether to hold off to save or will it matter a whole lot?

polan

Considering the diesel market share, highly doubt that.

bazz26

Nobody knows for sure what's going to happen in October's budget but it looks like there will be changes to the likes of excise duty on diesel fuel and increases in motor tax across the board on low emission cars. There will also be changes to the way new cars have their emissions tested and this has tax implications in Ireland.

I don't think there is going to be a shock approach to this where they just load things overnight like some doom and gloom merchants are speculating. However if more and more people move to electric vehicles the tax take will need to remain the same for the Government. I'm sure they will rope people in with incentives to move away from diesel and petrol to electric but ultimately the Government needs to take a certain amount of money into the pot to run the country so just like what happened 10 years ago with cheap motor tax, they get you hooked first and then screw you over eventually.

maddness

Not until they are more expensive to tax than the equivalent petrol

Cee-Jay-Cee

I don't think there will be any huge increase in either fuel or tax rather gradual increases over the next few years.

With the increase in EV's and hybrids I think the government need a new approach to road tax. If I were king I think there should be a universal car tax regardless of size/power or anything else. Something around €350-400 per vehicle should balance the books and would keep everyone happy.

ELM327

Cee-Jay-Cee wrote: »

I don't think there will be any huge increase in either fuel or tax rather gradual increases over the next few years.

With the increase in EV's and hybrids I think the government need a new approach to road tax. If I were king I think there should be a universal car tax regardless of size/power or anything else. Something around €350-400 per vehicle should balance the books and would keep everyone happy.

I would agree with this per se, but I don't see the government going for it as it contradicts the EU directive around incentivising positive change away from high emissions.

Cantona's Collars

Isn't part of the government plan to increase tax on newly registered vehicles from 2018?
If that's the case then a drop in price on 2nd hand cars won't appear as the difference in tax rates won't be too much (depending on the cost of these new proposed rates).
The "chape tax" on 2008-2017 cars might actually make them more attractive if these hikes on new cars comes in.

Idbatterim

I read yesterday that some analysts expect the euro to reach parity with sterling in early 2018. that will knock a good chunk off cars on top of the existing depreciation if it turns out to be the case...

oppenheimer1

It's the usual pre budget BS that's going on now. Kite flying huge hikes in excise but when it only increases by a cent it will be "well it could have been worse".

Never mind the emissions nonsense, the price of diesel has fallen considerably from it's peak and didn't seem to particularly trouble the economy when it was that high. Revenue can reliably say an increase in excise won't unduly burden the economy as a whole (from experience) and as a consequence of that wants a slice of the action.

It will be given a fig leaf of environmental action to sell it to the public, but it is just a revenue raising exercise.

ShadowHearth

Right now its really just a gamble. Dont be afraid of evil people, be afraid of stupid people, unfortunately irish government is the "stupid" part. They will come up with some idiocy, which will make no sense, but we all just shrug, bitch about it over a pint and then go grab our lubes again for better penetration.

What I could see happen is that they will bring that new tax system, which eu is pushing. Where tax will be calculated for each car sold new. The system, where bigger wheels or god forbid auto box, will push you in to higher tax bracket.
So if that happens I can see new cars having way higher tax, then 2008-2017, which will make cars up to 2018 more desirable. It will make second hand car values a bit better.
On the other hand remember "stupid" part? To
Not make new car buyers left out looking like fools with their expensive tax, they will increase tax across all ranges in older systems.

Am I wrong to say that uk changing their tax system now too? I think I read somewhere, but could have been just brain fart.