VES How does it affect you as a car buyer?

Some of these cars retain their rebates or surcharges. But for the most part, more than 50 percent of this list will see a substantial increase in taxes.

So how does this affect your car-buying decision?

For starters, the $30,000 rebate for the Toyota Prius Hybrid used to be a big draw for those looking for an eco car but now that it has been bumped down to the neutral band, car buyers will have to fork out an additional $30,000 in order to own one.

And if you’ve been earnestly waiting for Borneo Motors to launch the Toyota C-HR, now’s the time to get it since it currently sits in the Neutral (B) VES band. It won’t stay that way for long, though. As of July 2018, the C-HR will be shifted into the C1 VES band, which comes with a $10,000 surcharge. Yikes.

The bottom line is this. If you’re looking to buy a new car in 2018, be prepared to fork out more cash and take the time to consider all your options before jumping into a new 10-year relationship.