On this day in auto history – March 20th

Sat 20th Mar 2021

On this day in 2001 South Korean entrepreneur Chung Ju-yung - founder of Hyundai - passed away at the age of 85.

Born to a family of impoverished Korean farmers under Japanese rule in the 1915, Ju-yung was educated at a humble Confucian school run by his grandfather and demonstrated his early business instincts by selling wood and rice before opening an automobile repair business in Seoul during the 1930’s.

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 car production, with the Hyundai Motor Company being formed in 1967.

Today the company employs over 100,000 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