escalade

Head The Wall

JohnBoy wrote:

Lets say it cost 40k euro
allow 3 grand to get it shipped
duty would be 10% of 43 which is 4,300
vat would be 21% of 47,300 which is 9933
which is €57233

then, the VRT is 30% of what the revenue reckon it's worth, and it's gonna be compared to the raro and other top end suvs in this regard, so lets say the revenue value it at 95k thats another 28,500 giving the cost price of €85,733

then throw in a few grand for your troubles, also known as profit, and a few more grand for haggling room and you're very quickly at 95k

it's not cheap, but the guy clearly has a lot of money tied up in this venture too.

That model starts at roughly $60,000 and as long as he had it for 6 months and had 6,000 miles on it he pays no tax or VRT. Stick it in a 40ft container plus furniture, tools, etc for 3,000.

He's just whacking on a big chunk of profit. As you said he's comparing it to wha you would pay for a high end SUV in Ireland and hoping to get it.

FX Meister

Head on the Wall: Explain to me the part about not having to pay VRT on it?

Head The Wall

from Oasis.gov.ie

Exemptions from paying Vehicle Registration Tax
There are different reliefs and exemptions from VRT. Even if you are not required to pay VRT, you must still register your vehicle when you come to Ireland (see Rules below). The following groups are exempt from paying VRT:

Certain disabled drivers

Visitors to Ireland who have owned their vehicles abroad for more than 6 months and who will be resident here temporarily

People who have owned their vehicles abroad for more than 6 months and who are moving permanently to Ireland

People posted to Ireland as part of the diplomatic corps

C_Breeze

thats a rip off alright but as with every car - its always cheaper in the US , so I doubt this guy is joking!

M3 in US costs about 65,000USD
EVO( costs 45,000USd

so virtually every car is cheaper over there ..especially domestic brands such as cadillac and cehvrolet etc.

Head The Wall

M3 starts at 50,000 and Lancer EVO 32,000. 300hp WRX Sti at 33,000. All left hand drive though

skyhighflyer

unkel wrote:

Ah well, at least the hemi is one of the very few good things automotive that originated in the US



You vote FF or what? VRT is an illegal tax, only just tolerated by the EU at the time cause otherwise the country would have gone bankrupt. It would be more fair to scrap it and increase direct taxes, but that won't happen of course with the election coming up

Sorry, unkel, but VRT is 100% legal, and further, the EU isn't in the habit of allowing illegal taxes because a country 'would go bankrupt'.

See the following case from the European Court of Justice challenging the Greek equivalent of VRT:

http://eur-lex.europa.eu/smartapi/cgi/sga_doc?smartapi!celexplus!prod!CELEXnumdoc&lg=en&numdoc=61988J0132

To quote the Court in the headnote:

Summary

1 . A system of taxation of products in which the amount of the taxes increases progressively according to an objective criterion is not, as such, prohibited by Community law and cannot be regarded as discriminatory solely because only imported products, in particular those from other Member States, come within the most heavily taxed category . It is in breach of the prohibition contained in Article 95 of the Treaty where it is liable to discourage the purchase of the more heavily taxed products so as to benefit domestically manufactured products .

2 . A system of progressive taxation of cars in which there is a cylinder-capacity threshold above which the progression of the tax is much steeper and a very small difference in cylinder capacity gives rise to a very large difference in tax has neither a discriminatory nor a protective effect in so far as consumers wishing to avoid the high taxation, even if it affects only imported cars, will choose either from another range of foreign-manufactured cars or from a range of cars which includes both those manufactured domestically and those manufactured abroad .


So don't expect an end to VRT anytime soon, as it is legal.

patsyh

yer man who owns that is part owner of CPs nightclub in galway, hes had it for a while, possibly since new

Sizzler

A car that would draw much more attention than life is worth.

Half the neighbourhood would prob think you're a drug dealer

JohnCleary

I see this on a daily basis - It's driven by a woman and she can never park it properly

No way is it worth 95k

unkel

skyhighflyer wrote:

Sorry, unkel, but VRT is 100% legal, and further, the EU isn't in the habit of allowing illegal taxes because a country 'would go bankrupt'.

See the following case from the European Court of Justice challenging the Greek equivalent of VRT

The ECJ found against Greece because the Greek VRT system favoured cars produced in Greece compared to cars from other (EU) countries

Sure enough, in judicial terms, VRT is legal. It goes totally against the free movements of goods, a core value of what the EU stands for. At the time, the Irish government did a deal with the EU and changed the name of the illegal import tax to VRT. Hence my use of the word "illegal"

skyhighflyer

unkel wrote:

The ECJ found against Greece because the Greek VRT system favoured cars produced in Greece compared to cars from other (EU) countries

Sure enough, in judicial terms, VRT is legal. It goes totally against the free movements of goods, a core value of what the EU stands for. At the time, the Irish government did a deal with the EU and changed the name of the illegal import tax to VRT. Hence my use of the word "illegal"

The ECJ found for Greece. :rolleyes:

That said you are absolutely right in saying that it does go against the free movement of goods as is apparently guaranteed by the EU.

patsyh

JohnCleary wrote:

I see this on a daily basis - It's driven by a woman and she can never park it properly

No way is it worth 95k

your mixing that cadillac escalade with the cadillac srs crossover which is also in galway and is a smaller model than this one and is always driven by the woman.

JohnCleary

patsyh wrote:

your mixing that cadillac escalade with the cadillac srs crossover which is also in galway and is a smaller model than this one and is always driven by the woman.

Seen it driven the last day, by a fella. Big shiny chromes.

T'would be good for drive-by eggings!

vorbis

I've seen one of them tricked out outside a club in Boston. It was bright orange, with I guess 25" rims (they were HUGE) and tinted windows. It was horrendous!