Dave *
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I don't think existing cars on the road are affected but may be wrong, I believe the new bands will affect new vehicles fro 2017?
You are right, it was specifically said during the budget it doesn't affect any car on the road, and will only be applied to new cars from a date in 2017.
With regards the budget, I'm not a Conservative supporter, but I broadly welcomed this budget, for once they didn't totally target the poor, the disabled and those at the very bottom, Osborne has slightly redressed the balance and (rightly) decided those earning £30-£50k pa should be getting less in benefits from the state.
Tax Credits (which many of those recipients earning a higher than average salary didn't even view as being on benefits) have really got out of control over the last decade and needed cutting. He should have gone further, the cut off for benefits should be around £25k-£30k.