Property News · March 4, 2017

Will the diesel car you are driving today be worthless in five years’ time?


Sales are falling. Older cars are facing bans. Next week’s budget could see taxes slapped on. We explore the future for the owners of these high-polluting vehiclesIs this the nightmare future for owners of today’s diesel cars? It’s 2020 and you are already taxed out of driving into the city centre. At the pumps the price of diesel has soared. The low-emission zone has extended to your suburb. Do you carry on paying extra, or sell for a small fraction of what you paid?The mayor of London has effectively banned older diesel cars from central London from next October, and the same drivers face a wider ban from a larger area, possibly as soon as 2019. Meanwhile, a report this week by the mayor’s office proposed higher parking charges for diesel owners across the capital. Continue reading…

Source : theguardian.com
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