The price of ULEZ-compliant second-hand cars has more than doubled in some cases, in part due to the enormous demand for vehicles that will avoid the £12.50 daily charge when the expanded zone comes into effect this summer.
As of August 29, the existing Ultra-Low Emissions Zone (ULEZ) will be expanded to cover almost every inch of London, bringing hundreds of thousands more people into the daily charging area.
Any vehicles that exceed the emissions limit set by Transport for London will activate a £12.50 daily charge for driving anywhere within the ULEZ, and as a result, the demand has rocketed for used cars and vans that won’t see their owners hit by the fee.
Some drivers are being hit by a double whammy where they bought a non-compliant car in the past few years, as they are now worth significantly less for trade-ins.
Read more: How Sadiq Khan is helping to drive up the cost of second-hand cars: Prices of ULEZ-friendly motors has more than doubled ahead of low-emission zone expansion across London