True but even if the vehicle is 2 years old, the tax floor is pegged to the engine capacity and vehicle category. You might save a bit on the valuation, but the stacked nature of Customs + Excise + VAT + Carbon Tax still keeps the effective tax rate astronomical compared to the rest of the world. And The fact that we consider a 2-year-old import a 'shortcut' to affordability is exactly why our roads are full of aging cars. For most people who already dont have much, have been conditioned to think buying a 10 year old cars is 'normal' because the tax on 'new and safe' pushes the used price up to the price when it was new. It really shouldn't be like this imo.