What the VAT rise means for the motorist

Martyn Collins



This January marks a significant change in the new and used car market, with the introduction of the higher 20% tax rate.

Chancellor George Osbourne promised hard choices for the British people, but motorists thankfully were hit no harder than anyone else.

The likely outcome of this is an increase in buyers flocking to dealers in the run up to 2011, to buy their new cars and avoid paying the extra 2.5%.