Minxy
LIFE MEMBER
- Aug 22, 2007
- 32,637
- 66,514
- Funster No
- 149
- MH
- Carthago Compactline
- Exp
- Since 1996, had Elddis/Swift/Rapido/Rimor/Chausson MHs. Autocruise/Globecar PVCs/Compactline i-138
Correct. You can set it up to pay a single annual payment by DD or have it deduced monthly with a 'premium' for doing so (I think it works out at 5%) - this is what we do as it means that if we decide to SORN it for some reason we don't then have to apply for a refund either. We have all our vehicles on monthly DDs ... one of the Smarts costs £1.75 a month, so the extra cost is just £1 per year!My understanding is that there is no additional cost for paying by DD, if it is a single annual payment. The charges are incurred if the payment is made monthly, and spread over the year