Retailers everywhere are scratching their heads as to how the big VAT increase is going to affect business, but Hyundai have come up with a way of putting their customers - wary at the sudden price hike – at ease.
The car giant has not only frozen the VAT increase like other manufacturers, but have gone one step further by actually paying the 20% VAT on selected models as part of their 2011 offers. The offer applies only to the UK mainland and will be valid until the end of March.
Tony Whitehorn, Hyundai Motor UK’s managing director, explained: ‘Hyundai begins 2011 by offering fantastic deals on a great range of products that are backed by our class leading five year unlimited mileage warranty. Making selected models VAT free as well as offering competitive PCP plans should make buying a new car more affordable.’
So, Hyundai’s i10 is now set to cost only £7,109 for the Comfort 1.2-litre 5-door model - a saving of £1,410 – while the i20 city car will cost just £8,809 for the Comfort 1.2-litre 3-door model - a saving of £1,750.
If you’ve got any champagne left from New Year, now may be the time to open it.