I've nearly just spat out my coffee at the VED quote for 1st March which is £407.50 - this means it had a list price of over £40k. We bought it at 6 months old, for £32,995 in Sept 2021 with 4,900 miles on the clock. My questions are:

1. Did Carr's Exeter really throwaway £7k in 6 months depreciation?!?

2. Is there any way I can check what the list price was at the time of the car? As in, will it be recorded somewhere I can email the dealer or Skoda HQ and they can look up what it would have been originally listed at?

Cheers,

Outraged of London /s

What VED did you pay in March 2023 and March 2024?

2 hours ago, travs said:

VED quote for 1st March which is £407.50

What 2021 Skoda vehicle is it.

The 2021 Superb phev had models over £40,000 with options but they would have been £590 last March. So the £407.50 could be some weird calculation of the Supplement based on the difference between it's first registered date and you buying it.

Edited 7 February7 Feb by Stonekeeper

If you’re on mobile you might not see my sig.

2021 Suoerb 280 L&K Hatchback. Not sure what were considered options. Maybe sunroof? Rear wiper was on option but was free.

I can imagine it was approaching but would be surprised if it was over that level back then!

10 minutes ago, travs said:

2021 Suoerb 280 L&K Hatchback

Metallic paint?

The L+K was around £41,000

I don't know why your ved this year from march the 1st isn't £620

Unless because it was first taxed in March 21 then the 2nd year started in September 21 . so the bill is now £195 plus the balance of the ecs to make up the fifth year

Edited 7 February7 Feb by Stonekeeper

New tax rates come in from 1 April. So ours is just before the change. Great when rising, not so great when expecting it to plummet.

Yes - Black Magic paint. Oh and the droppy tow bar thing. Oh and Canton. Unless that was standard on L&K.

Fair enough. Just show’s how much of a hit they took in 6 months.

Edited 7 February7 Feb by travs

26 minutes ago, travs said:

New tax rates come in from 1 April. So ours is just before the change. Great when rising, not so great when expecting it to plummet.

Yes - Black Magic paint. Oh and the drippy tow bar thing. Oh and Canton. Unless that was standard on L&K.

Fair enough. Just show’s how much of a hit they took in 6 months.

It's due to go up again in April, i am still confused about the £407.50 ?

So 407.50 - 195 is 212.50. That’s half 425.

So they’ve only added half the additional rate.

Researching it, the only reason for a 50% dispensation being available is to individuals who receive the Standard Rate Mobility Component of Personal Independence Payment; or the Adult Disability Payment.

Absolutely nothing to do with me. I wonder if was leftover from the dealer GM who had it as his company car for the first 6 months.

Ironically, the 50% dispensation should be on the additional rate and standard rate. So we’re paying more than if it had been applied properly but less than expected as I don’t know anything about those qualifying aspects.

DVLA has got more pressing matters, I won’t take up their time with this query.

@travs I would pay it as quick as you can. It should be £620.

I think it's because it was taxed twice in the first year for twelve months. Moving the ecs to Sept from March,so your five years of ecs have been 21-25 tax years instead of 22-26 tax years

It will be interesting what it is next year, My guess will be a straight £195. I think the clue is the 6 month d/d payment compared to paying it in option 1

Was it £600 last March? or £341 in Sept for 6 month?

Edited 7 February7 Feb by Stonekeeper

Indeed it was £600 last year. Oh so the system has accidentally registered the number of payments rather than calendar years.

The repayment point is back to March so I must have paid 6 months at some point; probably to move it away from service (they gave it its first service at the time of sale) and insurance anniversary.

So their system has calculated the 5 years to end Sept 2026 rather than March 2027? I’ll pay it immediately as an upstanding member of society putting cash in the public purse as soon as requested of course.

21 hours ago, travs said:

My questions are:

1. Did Carr's Exeter really throwaway £7k in 6 months depreciation?!?

The simple answer is no!

Firstly they can purchase the car at dealer rates from Skoda UK, and provided they sell it withing 12 months can also claim back the VAT which at the current rate of 20% is quite a lot https://www.gov.uk/vat-motor-dealers

Margins can vary massively for the sales of new cars at dealerships. Usually the margin on the lower end of the range and base models is super tight ie only the dealers base discount ie about 5% plus any end of period extra discounts.

The Dealer margin on more expensive models and the more upper end versions of the model the discount can be well over 20% plus the 5% base dealer margin.

I can sometimes see this with the "Blue Light" discounts which show super massive discounts of some cars ie 20% or so.

Dealers / manufacturers will sometimes sell at a loss to get rid of stock they see only getting worse possibility of getting the projected sale price for. Dealers, traditionally, have made significant parts of their revenue of sales of finance, service plans, treatments of surfaces inside and outside of the car.

Tough business. Was surprised to see when my son was buying a Mini that the seller, big BMW / MIni dealership, only got a sales commission and did not actually sell the car as a dealer, commission was only a few hundred pounds. The servicing etc was going to be its revenue earner I suppose.