Are these VRT calculations correct for the BMW 3 Series?????

Gandalf23

OK, I've been struggling to work out the effects the new VRT rules will have on the price of a BMW 3 series. Could someone smarter than me have a look and see if I'm right please :-)

This is what I've come up with ...

316i ES (1596cc) - CO2 Emissions 142 g/km
Current VRT Rate = 25%
New VRT Rate = 20%
VRT Saving = 5%

318i ES - CO2 Emissions 142 g/km
Current VRT Rate = 30%
New VRT Rate = 20%
VRT Saving = 10%

320d ES - CO2 Emissions 149 g/km
Current VRT Rate = 30%
New VRT Rate = 16%
VRT Saving = 14%


Apologies in advance for being stupid ... I'm finding a lot of conflicting info on this and I'm having problems working out the correct figures.

Lex Luthor

The 316iES will have a new VRT rate of 28% (Band E: 171-190)
Same applies to the 318iES
Correct on the 320dES VRT rate of 20% (Band C: 141-155)

How you apply those %'s is a different matter, I think...............

from what I picked up recently, this is how I understand it

Take a car for example with an RRP of €50,000 and has a current VRT of 30%.

From what I understand the amount of VRT = 30% of 50,000 = 15,000

Therfore the pre VRT price = 35,000

Now say after July 08, it has a VRT of 20%

The pre VRT price of 35,000 is 80% of the RRP, so the car will now be sold at 43,750

A saving of 6,250 or 12.5% of the original RRP and not 10% as you might think looking at the drop of 30% to 20%

Correct me if I'm wrong

E92

Gandalf23 wrote: »

OK, I've been struggling to work out the effects the new VRT rules will have on the price of a BMW 3 series. Could someone smarter than me have a look and see if I'm right please :-)

This is what I've come up with ...

316i ES (1596cc) - CO2 Emissions 184 g/km
Current VRT Rate = 25%
New VRT Rate = 20%
VRT Saving = 5%

318i ES - CO2 Emissions 175 g/km
Current VRT Rate = 30%
New VRT Rate = 20%
VRT Saving = 10%

320d ES - CO2 Emissions 153 g/km
Current VRT Rate = 30%
New VRT Rate = 20%
VRT Saving = 10%


Apologies in advance for being stupid ... I'm finding a lot of conflicting info on this and I'm having problems working out the correct figures.

They're wrong. The 316i and 318i are 142 g/km. the 318d is 129 g/km, so that puts it in the 16% VRT band(the petrols are in the 20% band, and under the VRT adjusted price, the 316i works out to be DEARER than a VRT adjusted 318i.(I posted it in a few other threads what the new prices are).

OP the figures you gave are for 3 series without EfficientDynamics.

O7Pat

When did Efficient Dynamics come in?? All E90's ??

I presume it brings the co2 down?


For the 320d BMW.ie says its 153 http://www.bmw.ie/ie/en/index_narrowband.html

while bmw.co.uk says its 128 (0r 144 for the auto/tiptronic)

http://www.bmw.co.uk/bmwuk/pricesandspecifications_technical_specs/0,,1156_149349913__bs-Mw%3D%3D%40bb-M0xJ%40bm-WjNTNQ%3D%3D%40sit-bmwuk,00.html

this could be fun for importing !

Gandalf23

So is the following summary correct then ...

316i ES (1596cc) - CO2 Emissions 142 g/km
Current VRT Rate = 25%
New VRT Rate = 20% (band C)
VRT Saving = 5%

318i ES (1995 cc) - CO2 Emissions 142 g/km
Current VRT Rate = 30%
New VRT Rate = 20% (band C)
VRT Saving = 10%

320d ES (1995 cc) - CO2 Emissions 149 g/km
Current VRT Rate = 30%
New VRT Rate = 16% (band
VRT Saving = 14%



Does anyone know what the 2008 list prices of these cars will be?

Might be helpful if we had a detailed breakdown of list prices and new / old VRT rates based on the list prices.

Riskymove

Gandalf23 wrote: »

So is the following summary correct then ...

316i ES (1596cc) - CO2 Emissions 142 g/km
Current VRT Rate = 30%
New VRT Rate = 20%
VRT Saving = 10%

318i ES - CO2 Emissions 142 g/km
Current VRT Rate = 30%
New VRT Rate = 20%
VRT Saving = 10%

320d ES - CO2 Emissions 149 g/km
Current VRT Rate = 30%
New VRT Rate = 16%
VRT Saving = 14%




If so, how is the 318i ES working out cheaper than the 316i ES (in July 2008)? The VRT saving seems to be 10% on each car ...

No E92 seems to be indicating that 318 has only 129g/km so will have more savings on VRT

ah..no thats the diesel 318

It could be that the 318 base price is higher than the 316 so 10% off the 318 would make it cheaper htan a 316 with 10% off?

O7Pat

Gandalf23 wrote: »

So is the following summary correct then ...

316i ES (1596cc) - CO2 Emissions 142 g/km
Current VRT Rate = 25%
New VRT Rate = 20% (band C)
VRT Saving = 5%

318i ES (1995 cc) - CO2 Emissions 142 g/km
Current VRT Rate = 30%
New VRT Rate = 20% (band C)
VRT Saving = 10%

320d ES (1995 cc) - CO2 Emissions 149 g/km
Current VRT Rate = 30%
New VRT Rate = 16% (band
VRT Saving = 14%



Does anyone know what the 2008 list prices of these cars will be?

Might be helpful if we had a detailed breakdown of list prices and new / old VRT rates based on the list prices.

Gandalf where did u get the 149g/km for the 320d ??
Sorry to go on about it but trying to work out if an imported 320d is going to be in the 16% or 20% vrt category.

At 149 I think it would still be in the 20% vrt
http://www.budget.gov.ie/2008/downloads/AnnexD.pdf

But if at 128 as per uk website then would be at 16%

E92

O7Pat wrote: »

When did Efficient Dynamics come in?? All E90's ??

I presume it brings the co2 down?


For the 320d BMW.ie says its 153 http://www.bmw.ie/ie/en/index_narrowband.html

while bmw.co.uk says its 128 (0r 144 for the auto/tiptronic)

http://www.bmw.co.uk/bmwuk/pricesandspecifications_technical_specs/0,,1156_149349913__bs-Mw%3D%3D%40bb-M0xJ%40bm-WjNTNQ%3D%3D%40sit-bmwuk,00.html

this could be fun for importing !

BMW's Irish site hasn't been updated for the EfficientDynamics models, which have been on sale for a few weeks at this stage. So the UK ones are the right ones for a new 3 series.

The 316i works out to be dearer under the VRT adjustment because the pretax price of the car is higher than the 318i's pre tax pric, which means BMW must be making an enormous profit on the 316i or the fact that we're the only RHD country in the world where you can buy it means it costs them a fortune making a car where you'll only sell a few thousand of(and this really isn't viable when you consider how many hundreds of thousands of 3 series they sell per year, so when the VRT change comes in, expect the 316i to be consigned to the history books).

O7Pat

BMW's Irish site hasn't been updated for the EfficientDynamics models, which have been on sale for a few weeks at this stage. So the UK ones are the right ones for a new 3 series.

Thanks for that, so anyone looking at importing (an earlier e90)post July needs to be looking at the old figures.

Esel

Lex Luthor wrote: »

The 316iES will have a new VRT rate of 28% (Band E: 171-190)
Same applies to the 318iES
Correct on the 320dES VRT rate of 20% (Band C: 141-155)

How you apply those %'s is a different matter, I think...............

from what I picked up recently, this is how I understand it

Take a car for example with an RRP of €50,000 and has a current VRT of 30%.

From what I understand the amount of VRT = 30% of 50,000 = 15,000

Therfore the pre VRT price = 35,000

Now say after July 08, it has a VRT of 20%

The pre VRT price of 35,000 is 80% of the RRP, so the car will now be sold at 43,750

A saving of 6,250 or 12.5% of the original RRP and not 10% as you might think looking at the drop of 30% to 20%

Correct me if I'm wrong

Wouldn't you have to deduct the VAT from the RRP before calculating what the VRT charge was?

O7Pat

O7Pat wrote: »

BMW's Irish site hasn't been updated for the EfficientDynamics models, which have been on sale for a few weeks at this stage. So the UK ones are the right ones for a new 3 series.

Thanks for that, so anyone looking at importing (an earlier e90)post July needs to be looking at the old figures.

Just an update --> the Irish BMW site seems to have updated today,
the old figures were handy for anyone thing of importing a used version.

Lex Luthor

esel wrote: »

Wouldn't you have to deduct the VAT from the RRP before calculating what the VRT charge was?

hey I'm not sure. Is the VAT on the VRT or the VRT on the VAT?

Earth Worm Jim

Quote:
Originally Posted by esel
Wouldn't you have to deduct the VAT from the RRP before calculating what the VRT charge was?

hey I'm not sure. Is the VAT on the VRT or the VRT on the VAT?
Today 02:38

Thats a good question - I think the VAT is on the VRT and Cost price.

E92

O7Pat wrote: »

Just an update --> the Irish BMW site seems to have updated today, the old figures were handy for anyone thing of importing a used version.

They only updated the prices(and the correct fuel and emissions data are available there), they did this several weeks ago, but the technical data is STILL wrong(which is what I meant to say in my OP but didn't)!

PaddyFagan

Earth Worm Jim wrote: »

Quote:
Originally Posted by esel
Wouldn't you have to deduct the VAT from the RRP before calculating what the VRT charge was?

hey I'm not sure. Is the VAT on the VRT or the VRT on the VAT?
Today 02:38

Thats a good question - I think the VAT is on the VRT and Cost price.

From my understanding:

OMSP (Open market Selling price) = (landed price + VRT) + VAT
where the VRT is X% of the OMSP

Pretty sure this is the case - based on:

5.1 In the case of the supply of goods or services and the intra-Community acquisition of goods, the amount on which VAT is chargeable is normally the total sum paid or payable to the person supplying the goods or services including all taxes, commissions, costs and charges whatsoever but not including the VAT chargeable in respect of the transaction. VAT on imports is charged on the customs value of the goods (see Chapter 13).

From "Guide to Value Added Tax" - http://www.revenue.ie/index.htm?/publications/leaflets/infolef7_n.htm

Paddy