PM Üstel: VAT to be waived on first car purchases by 18–25-year-olds

National Unity Party Chairman and Prime Minister Ünal Üstel announced the details of the “İlk Arabam” (“My First Car”) support scheme, which is to be introduced in the new period to make it easier for young people to own a vehicle and to ease the financial burden on families.

According to Üstel, value added tax (VAT) will be waived, on a one-time basis, for first car purchases of up to 1,600 cc by young people aged 18–25. Young people buying a second-hand vehicle with a registration plate will receive interest support on a three-year loan. Üstel also said important steps would be taken to improve public transport.

In his statement, Üstel said the aim is for young people to feel the state’s support as they move from education into working life and set up their own lives. He recalled that he had said next year would be the year of young people, and said the promise was now being kept. He ended with the slogan “UBP works, dreams come true.”