Road Fund Licence (RFL) Increase from 1st April – Why Now Is the Time to Act
From 1st April, the UK’s Road Fund Licence (RFL)-commonly known as road tax-is set to rise significantly for certain vehicles. One notable change will be for high-emission cars, where the first-year rate will jump from £2,340 + £55 to £4,680 + £55. This means delaying your vehicle purchase could result in higher costs over the long term.
What’s Changing?
- Increased First-Year Rates: High-emission vehicles will see the biggest impact, with the RFL almost doubling from 1st April.
- Knock-On Effect: Even if you’re not in the highest emission bracket, overall rates are rising, which could affect standard petrol, diesel, and hybrid models too.
Why Finance Your Vehicle Now?
With these changes on the horizon, there’s a strong incentive to secure your new vehicle before the RFL hike takes effect. At Ethos, we provide tailored finance options that help you:
- Lock in Current RFL Rates: Purchasing or registering your vehicle before the increase could save you hundreds—or even thousands—of pounds in road tax.
- Manage Cash Flow: Our flexible finance structures, including VAT deferrals and bespoke payment plans, let you spread the cost without tying up vital capital.
- Enjoy a Seamless Process: We handle the paperwork, liaise with our panel of lenders, and help source the right vehicle for your needs.
The Ethos Advantage
- Competitive Rates: Our wide network of funders ensures you get a deal that suits your budget and credit profile.
- Quick Approvals: We understand that timing is everything—especially with the RFL increase approaching.
- Expert Guidance: Our team has in-depth knowledge of the finance process and industry trends, ensuring you make an informed decision.
Don’t let the upcoming RFL increase catch you off guard. Get in touch with Ethos today to discuss your options and secure your next vehicle before the higher rates take effect. Let us help you drive away with confidence and keep more money in your pocket.