Martin Lewis gives money-saving advice on VED car tax
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Experts at Footman James warn classic cars that reach 40 years old in the new year will no longer need to pay heavy charges from 1 April. However, they warn 1982 was a “prolific year” for vehicle manufacturing meaning “thousands of vehicles” will soon cross the threshold.
Footman James said popular models such as the BMW 3 Series E30 and Ford Sierra are included on the lost
The Nissan Micra K10, Volvo VC60 and Austin Mini are also set to become tax-exempt.
The Mercedes Benz E-Class and Mercedes 190 E were also made in 1982 and will not pay tax rates next year.
The Land Rover Series 3, Mk1 Vauxhall Astra and the Ford Cortina are also models which will be excluded from charges.
David Bond, Footman James Managing Director said a “number of fantastic modern classics” would soon be exempt from tax rates.
He added prices were also “on the rise” among older vehicles meaning owners may gave a “great investment” on their hands.
He said: “We’re starting to see a number of fantastic modern classics from the 1980s reach the 40-year mark so owners can take advantage of the MOT and ULEZ exemption, among other benefits.
“Prices are on the rise for vehicles made in this era so you might find that you have a great investment sat in the garage.
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“We’d definitely recommend anyone who has one mentioned on the list above to double-check!
“In addition, because of their potential value, it’s important that these classic vehicles are insured correctly as they need to be properly protected.”
To confirm the age of a vehicle, owners should look at the registration plates.
Cars that were first registered between 1963 and 1982 will have number plates in the ‘ABC 1A’ format.
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