Enter Honest John's Kit Competition An awesome prize is up for grabs every week | No thanks

Budget 2015: First MoT to be increased to four years?

Published 08 July 2015

The Government will consult on extending the period for new cars and motorbikes have their first MoT from the current three years to four years.

The possibility was announced by Chancellor of the Exchequer George Osborne in his first budget as Chancellor in a solely Conservative Government.

While the change in VED rates will mean many new car buyers paying more in 2017 than under the current system, the Government claims that the change from three years to four years before the first MoT is due could save motorists a combined £100 million a year.

That may be small comfort to owners who after 12 months of ownership of a new car from 2017, will be paying £140 a year - unless they own a car that emits 0g/km of CO2. An MoT currently costs £54.85.

There will no doubt be questions from some about the safety of extending this period by a further 12 months with around 20 per cent of cars failing their first MoT.

Find out how your car fares in its first MoT / The MoT Files: The First MoT Top 10 Cars

Comments

Add a comment

 

Ask Honest John

Value my car

Amount to borrow
Sorry. The minimum loan amount is £1000
To pay back over

My credit score

Best available rate 9.20%

Total repayment £9,304.93

Total cost of credit £1,804.93

£155.08

60 monthly payments

Apply now

Representative example

The Representative APR is 13.2% (fixed) so if you borrow £7,500 over 4 years at a rate of 13.2% p.a (fixed) you will repay £199.21 per month and repay £9562.20 in total.