‘It’s a win-win’: Drivers could save almost £2,000 a year despite new car tax changes

‘It’s a win-win’: Drivers could save almost £2,000 a year despite new car tax changes

10/23/2021

Sadiq Khan discusses expansion of London's ULEZ area

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London’s Ultra Low Emission Zone (ULEZ) is set to expand on Monday October 25 to include most of central London in its clean air zone. The ULEZ is expanding from central London to create a single, larger zone up to, but not including, the North Circular Road (A406) and South Circular Road (A205).

For cars which are not ULEZ-compliant, drivers face a daily charge of £12.50 for a car, motorcycle or van under 3.5 tonnes.

Lorries, vans or specialist heavy vehicles over 3.5 tonnes, or buses, minibuses and coaches weighing over five tonnes do not need to pay the ULEZ charge when paying the stricter LEZ charge.

But new research has found that purchasing a ULEZ compliant car becomes a cheaper option than paying the new charges on old vehicles.

The ULEZ charge runs 24 hours a day, seven days a week, every day of the year, apart from Christmas Day.

This means drivers could see hefty charges if they drive in the city every day with a non-compliant car.

For London drivers who regularly travel into the ULEZ area, purchasing a new compliant vehicle could save them on average £1,860 a year in comparison to paying the daily charges.

These savings are calculated on Zopa’s average monthly repayment costs for its hire purchase. 

Drivers could take out a £220 monthly cost for a complaint, used vehicle in London and save £375 over 30 days.

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The £155 monthly savings eventually add up to £1,860 for the whole year.

Tim Waterman, Chief Commercial Officer at Zopa, said: “Now is the time for motorists to get out the calculator and see how the new emissions charges might affect their finances.

“Upgrading your car to a newer used, compliant model is easy to do at Zopa and will allow drivers to avoid the daily charges, but also ensure they’re doing their bit to keep emissions down in their local area.

“Less to pay and less pollution is a win-win.

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