On this day in auto history - December 29th

Tue 29th Dec 2020

It was on this day in 1967 that the mighty Hyundai Motor Corporation was founded in Seoul, South Korea, by a one-time humble rice merchant, Chung Ju-yung.

After World War II, Ju-yung founded a new civil engineering company, Hyundai, to win contracts for rebuilding much of South Korea’s damaged infrastructure before diversifying into shipbuilding and eventually car production.

The company’s first mass-produced model was the Cortina which was released in cooperation with Ford but Hyundai really boomed after developing its own cars in the 1970’s and hitting the major export markets in the 1980’s.

Today the company employs over 75,000 people worldwide and sells vehicles in 193 countries through over 5000 dealerships, making it the third largest vehicle manufacturer on earth.

The tax values are provided by a third-party supplier and while every effort is made to ensure their accuracy please double check with your advisor. If the car was registered after 31/03/2017 then it is subject to new tax rules. All prices we display are for the cars second tax payment onwards. You can find out information on the cars first tax payment here

Cars registered on or after 1 April 2017

Rates for second tax payment onwards

Fuel type	Single 12 month payment	Single 12 month payment by Direct Debit	Total of 12 monthly payments by Direct Debit	Single 6 month payment	Single 6 month payment by Direct Debit
Petrol or diesel	£180	£180	£189	£99	£94.50
Electric	£0	N/A	N/A	£0	N/A
Alternative	£170	£170	£178.50	£93.50	£89.25

Alternative fuel vehicles include hybrids, bioethanol and liquid petroleum gas.

Vehicles with a list price of more than £40,000

You have to pay an extra £390 a year if you have a car with a ‘list price’ (the published price before any discounts) of more than £40,000. You do not have to pay this if you have a zero emission vehicle.

You only have to pay this rate for 5 years (from the second time the vehicle is taxed).

Check the list price with your dealer so you know how much vehicle tax you’ll have to pay.

Fuel type	Single 12 month payment	Single 12 month payment by Direct Debit	Total of 12 monthly payments by Direct Debit	Single 6 month payment	Single 6 month payment by Direct Debit
Petrol or diesel	£570	£570	£598.50	£313.50	£299.25
Alternative	£560	£560	£588	£308	£294