Depreciation refers to when the value of something goes down over time. Jack and Trisha bought a new car for £8500 in 2009. In the first year, its value depreciated by 20%, in the second year by ...

It means that high-emissions cars registered between 2001 and 2017 are more expensive to tax than newer cars, and this has an effect on depreciation. The London congestion charge and Ultra Low ...