Keithie":mhos4cin said:
custard":mhos4cin said:
So if you're buying a new car today should you choose petrol or diesel? If a diesel scrappage scheme was introduced (the "carrot"), surely it would be accompanied by the "stick", a material hike in diesel duty?
If it's a car then I guess you 'should' choose electric or hybrid.
Not that easy. I used to live in London and had a hybrid which worked fine as well as avoiding the congestion charge, if I was still in London working in my previous job I'd have an electric car. But now I live in a more rural area, furthermore as a full time furniture maker I need a large estate car. The current mileage range of electric cars, the absence of estate configurations, and the lack of rural recharging points, means electric isn't viable (yet) for my needs.
So I'm still left with the dilemma, petrol or diesel?
If I buy a diesel then I might soon find the mileage advantage eroded by higher duty, I might be prohibited from driving into London or be faced with a whopping congestion surcharge, there could be more widespread parking surcharges for diesel vehicles, the residual values might crash if the tide turns further against diesel, or any of a million other restrictions that haven't even been dreamt up yet.
On the other hand currently diesel works out cheaper, so if nothing changes that's the hands down rational financial choice.
Maybe the sensible move is to postpone buying a new car for a while until things become clearer, that or buy on some kind of short term lease deal where many of the risks are carried by a third party?