Volvo Ireland has issued figures which show that substantial savings could be made by people who buy Volvo FF vehicles before the July 1 deadline.
The company has analysed the financial implications of the changes in VRT and in Road Tax which come into play on that date, and says that by buying a Volvo FFV now instead of a diesel powered version after July 1 could save up to 5,770 euros over three years depending on model.
This is despite the fact that the Road Tax on the FFV car bought now would be significantly, and in some cases substantially more than it will be on the equivalent diesel cars after the mid-year change date.
Currently the 50 percent reduction in VRT for Flexifuel cars gives an effective VRT rate of 12.5 percent on the Volvo C30, S40 and V50, and 15 percent on the V70 and S80, when these cars are registered before 30 June. This is better than the VRT rates of between 16 percent and 24 percent that will be available on diesel cars after 1st July.
However VRT is only one part of the decision to buy now or wait until July. Some diesel cars registered from July will benefit from a reduction in road tax.
"Even allowing for the difference in road tax over three years, buying an S40 Flexifuel now could save as much as 3,500 euros when compared to the 2.0 Diesel versions in July and as much as 5,700 euros on the New Volvo V70," says David Baddeley, MD of Volvo Ireland.
