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Revenue Online Calc - OMSP

  • 11-07-2007 3:10pm
    #1
    Dwilly
    Registered Users, Registered Users 2 Posts: 207 ✭✭


    Guys, I'm baffled by the OMSP figures generated by the Revenue's Online VRT Calculator (https://www.ros.ie/VRTEnquiryServlet/ShowVRT)

    E.g.

    Jan 2006 RS4, 20,000 miles: €26,946 VRT
    Jan 2007 RS4, 10,000 miles: €27,497 VRT

    So in effect you can get a year newer car with half the mileage for just €551.

    What I'd like to know is has anyone entered a VRO office with a printout from these, i.e. will they use that figure or would they just do a 'proper' estimate when you call in?


Comments

  • #2
    smash
    Closed Accounts Posts: 34,809 ✭✭✭✭smash


    they use the same system on their site, and if you have the print out, they'll put it through using the ref number on your printout.


  • #3
    Henry Ford III
    Moderators, Business & Finance Moderators Posts: 17,852 Mod ✭✭✭✭Henry Ford III


    VRT wise yes. The cost of the car will be a good bit more retail however.

    Be wary using that VRT calc. too much. It picks up frequent "popular" cars, as can up the VRT to suit I've read.


  • #4
    Dwilly
    Registered Users, Registered Users 2 Posts: 207 ✭✭Dwilly


    Thanks chaps. The difference in the OMSP values are still very strange. I guess that's our advantage.


  • #5
    smash
    Closed Accounts Posts: 34,809 ✭✭✭✭smash


    Henry Ford III wrote:
    VRT wise yes. The cost of the car will be a good bit more retail however.

    Be wary using that VRT calc. too much. It picks up frequent "popular" cars, as can up the VRT to suit I've read.
    ye this is true, they use it to work out popular cars so they can make more money on them.

    and if you want a good deal... VRT on RX-8 is really cheap


  • #6
    jjbrien
    Registered Users, Registered Users 2 Posts: 2,678 ✭✭✭jjbrien


    I have a simular problem so I post it here. I am looking to buy a Fiat Stilo in the north the cars price is €3500 with 34,000 miles on the clock its a 2003 car but the vrt calcuation is
    (payable on enquiry date) €1975 they put down a OPEN MARKET SELLING PRICE:
    (applicable on enquiry date) €8782

    Do would I pay 22.5% of €3500 or of the open maket selling price?


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  • #7
    Henry Ford III
    Moderators, Business & Finance Moderators Posts: 17,852 Mod ✭✭✭✭Henry Ford III


    jjbrien wrote:
    I have a simular problem so I post it here. I am looking to buy a Fiat Stilo in the north the cars price is €3500 with 34,000 miles on the clock its a 2003 car but the vrt calcuation is
    (payable on enquiry date) €1975 they put down a OPEN MARKET SELLING PRICE:
    (applicable on enquiry date) €8782

    Do would I pay 22.5% of €3500 or of the open maket selling price?

    You pay 22.5% of their valuation unfortunately.


  • #8
    daedalus2097
    Registered Users, Registered Users 2 Posts: 615 ✭✭✭daedalus2097


    Yep, you pay based on their figure rather than the real figure... Come on, you didn't think it would make sense, did you? ;)


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