VED (Initial Road Tax) - UK Only!

[Trialmaster]

The Ineos Grenadier, with both the petrol and diesel engine, will fall into the highest VED band, meaning a 'showroom tax' in the first year of £5,490 will be added to the purchase price as of 1st April.

These clueless bastards running the UK, have just driven another nail into the Grenadiers coffin. This is a doubling of £2750, which was already extortionate to £5490.

I can imagine a lot of pre-registered vehicles hitting the forecourts before 1st April.

 

[ECrider]

The Ineos Grenadier, with both the petrol and diesel engine, will fall into the highest VED band, meaning a 'showroom tax' in the first year of £5,490 will be added to the purchase price as of 1st April.

These clueless bastards running the UK, have just driven another nail into the Grenadiers coffin. This is a doubling of £2750, which was already extortionate to £5490.

I can imagine a lot of pre-registered vehicles hitting the forecourts before 1st April.

Is that just for the Belstaff models?

 

[Skydance]

That’s M1 for passenger vehicles. N1 Commercial vehicles is more favourable for VED tax but insurance is more expensive. Tax to death in this country.

 

[Trialmaster]

Under the impression it is all models of the Grenadier, unless someone corrects me.

EDIT: Skydance has more info above.

 

[CRH]

The Ineos Grenadier, with both the petrol and diesel engine, will fall into the highest VED band, meaning a 'showroom tax' in the first year of £5,490 will be added to the purchase price as of 1st April.

These clueless bastards running the UK, have just driven another nail into the Grenadiers coffin. This is a doubling of £2750, which was already extortionate to £5490.

I can imagine a lot of pre-registered vehicles hitting the forecourts before 1st April.

Serves you right for working hard and making money, what were you thinking!!

 

[Coullabus]

Absolutely criminal. That amount of added money - plus the extra £410 per year for the first 5 years on the road fund licence..... ridiculous.

WARNING: ENTERING SMUG MODE!!!!!!! Thankfully mine was secondhand, 6 months old with 1500 miles on the clock, like new. Without the eye watering tax. Sorry.

 

[CountyV8]

Are we going to SORN at the end of March then re TAXX. to get a little back. ?

 

[Skydance]

Absolutely criminal. That amount of added money - plus the extra £410 per year for the first 5 years on the road fund licence..... ridiculous.

WARNING: ENTERING SMUG MODE!!!!!!! Thankfully mine was secondhand, 6 months old with 1500 miles on the clock, like new. Without the eye watering tax. Sorry.

Still have to pay an extra £410 for the first five years of the vehicle if it’s a passenger M1 vehicle. Doesn’t matter if your the second owner. Government have got you by the balls.

 

[Skydance]

Are we going to SORN at the end of March then re TAXX. to get a little back. ?

Kindly explain how this works? I heard a few people mention this but I can’t figure out how you gonna save money.

 

[Eric]

Are we going to SORN at the end of March then re TAXX. to get a little back. ?

I don't think that applies to the first registration fee, that element is not classed as the annual road tax. I presume !!

 

[CountyV8]

I don't think that applies to the first registration fee, that element is not classed as the annual road tax. I presume !!

Yes just second year tax just checked the new logbook V5 and it thinks im the second owner ringing DVLC now

 

[Coullabus]

Still have to pay an extra £410 for the first five years of the vehicle if it’s a passenger M1 vehicle. Doesn’t matter if your the second owner. Government have got you by the balls.

Correct, of course. But the first 2 years they only hit me for £190.... the new V5 they sent corrects this. So it's £410+£190=£600.00 for the next 3 years But still saved on that initial new vehicle tax. NOT the reason we bought secondhand - let's just say it was the most expensive, but wonderful, impulse buy of my life

But hey, thats life.

 

[landmannnn]

In many countries they would laugh at £5k. Places like Turkey, Denmark and the Netherlands it is over €100k, others like France around €60k. Ireland will hit you with €2.4k annually. (Not N1, they are generally less)

 

[Trialmaster]

I notice that the price on the Ineos website has not changed - (maybe INEOS are soaking it up). VED doubles to £5490 and £620pa today.

 

[Spjnr]

I notice that the price on the Ineos website has not changed - (maybe INEOS are soaking it up). VED doubles to £5490 and £620pa today.

Its honestly infuriating how they tax us so highly in this country, and then so blatantly squander it away in front of us!

my mother drives a 2022 3 cylinder petrol hybrid range rover evoque, which is somehow £600 a year to tax!?

my N1 Grenadier is only £350 or thereabouts

 

[Grey Wolf]

This make the second hand Grenadiers on Autotrader seem amazing value. You can now pick up one for £40,000 with around 10k miles on it. You can spend 40k on all sorts family hatchbacks..

 

[Eric]

I notice that the price on the Ineos website has not changed - (maybe INEOS are soaking it up). VED doubles to £5490 and £620pa today.
I think in the contract there is a clause that states taxes at the current applicable rate.

 

[Coullabus]

This make the second hand Grenadiers on Autotrader seem amazing value. You can now pick up one for £40,000 with around 10k miles on it. You can spend 40k on all sorts family hatchbacks..

Why would you buy a hatchback?

 

[Skydance]

Its honestly infuriating how they tax us so highly in this country, and then so blatantly squander it away in front of us!

my mother drives a 2022 3 cylinder petrol hybrid range rover evoque, which is somehow £600 a year to tax!?

my N1 Grenadier is only £350 or thereabouts

Its honestly infuriating how they tax us so highly in this country, and then so blatantly squander it away in front of us!

my mother drives a 2022 3 cylinder petrol hybrid range rover evoque, which is somehow £600 a year to tax!?

my N1 Grenadier is only £350 or thereabouts

The £350 car tax on commercial is great value for us Ineos owners, not so much on smaller vans. On commercial N1, I find the insurance more expensive than passenger vehicle.

Another thing, I just discovered, if you buy any passenger vehicle from 2017, including a V12 the tax is £195.

Car tax does not make any sense.

 

[Trialmaster]

Why would you buy a hatchback?

Because they are fun, jI have just bought a Civic Type R.I had bought one and sold it immediately to buy the Grenadier (two years ago and made a slight profit too). However, I missed the handling of the car, there is nothing like it. The absolute opposite of the Grenadier, it goes precisely where you want it. I like the smaller, pointy and nippy hatchbacks, however I do realise the Civic is a largish hatch. I also find the Golf R and JCW Mini appealing.