classic motor tax requirements

edzillion

I'm scoping out whether to buy myself a classic car and need to get all the facts straight first.

Looked around and found out its only €46 /yr for classic insurance. Does this have a mileage limit? Coz there are different insurance policies with diff limits...

Also are there any other costs (ie .VRT?) for classics

Its over 30 years old.

TIA
Ed

Dades

If it's over 30yrs then tax will be €46 pa regardless of mileage. A VRT fee of €50 is all that applies if you wish to import a car from within the EU. If you import from outside the EU you must also pay 21% VAT on the declared cost of the car plus transport costs (and some customs duties).

The age of the car is decided from the date of first registration in the logbook. e.g. A car first registered on 1 December 1978 won't get the exemptions until 1 December of this year.

Whatcha buying?

S.I.R

you have to be 25 ot older right ?? or is that just insurance ??

macplaxton

edzillion wrote: »

Looked around and found out its only €46 /yr for classic insurance.

:rolleyes:

Ed, It's €46 for annual MOTOR TAX. For insurance, it'll cost you whatever the Insurer wishes to charge you.

VRT on an import over 30 years old is a flat rate of €50.

edzillion

Yeah that was a typo - seems it was 46 for tax and 160 for insurance with IVS

Whatcha buying?

A BMW 2002 (tii if possible):

alpina

Beautiful....
Be cautious however there are some seriously clapped out 02's with new paint jobs floating about...:(

edzillion

yeah how many times have I seen 02s with mileages under 50k?!
I'm decided I will go to the UK to get one. Looking at this one here - he seems to be fairly honest about the mileage ('Engine fully rebuilt by Jaymic 38000 miles ago') or at least less-obviously-dishonest.
Though, of all the places in the world to pick up rust damage Edinburgh has got to be up at the top

...

Ed

ivanthehunter

How old does a car have to be to be considered a classic by (1) insurance companies and (2) the taxation office.
I was told 20 years for classic status and 25 for vintage.
Can any one give a definitive answer to this.

alpina

Insurance wise can vary depending on co's, 22, 23 25 year old however tax wise must be 30 years old at date of mftur/initial registration, as far as I am aware..

milod

It's deffo 30 years or over for classic status with the Motor Tax office.

Insurance companies vary by age and model but I've never heard of anything less than 20years of age on a classic policy.

Tbh - I found it easier to insure my '74 BMW2002tii conventionally. The savings were only about €100 p/a and you lose on things like tow-truck/windscreen cover and also on mileage restrictions etc. Also, my classic is my only car whereas most companies will only give you classic coverage on a second car registered in your name.

macplaxton

alpina wrote: »

Insurance wise can vary depending on co's, 22, 23 25 year old however tax wise must be 30 years old at date of mftur/initial registration, as far as I am aware..

I think it's 30 years old from 1st (worldwide) registration date.

Keth_tgi

Hi to anyone reading this in futurity....

I own a Porsche 911 Carrera 3.2 Coupe (black). It's a 1985 Model, so right now in the year 2010, it's 25 Years old.

Some Facts:

Insurance:
The car is currently deemed a 'Classic Car' as it's between 20-29 Years old.
Insurance is 350 euro a year. This is classic insurance and allows me drive it about 3000 miles a year, but the insurance company don't really care, as long as I make no claims. I don't foresee the insurance getting any lower when it hits the 30 year 'Vintage' mark.

Tax:
My annual motor tax is roughly 1600 euro, although I only pay 800 annually a year as I only use it 6 months of the year. When the car reaches the 30 year 'Vintage' mark, said motor tax will be 48 euro for entire year (yahoo).

NCT:
NCT required for a normal or classic car 0-29 years old.
No NCT required for a Vintage car - 30 Years old+

Classic v's Vintage
Car is 0-19 years old = Normal Car
Car is 20-29 years old = Classic Car (Low insurance/standard tax)
Car is 30 Years + = Vintage Car (Low insurance/48 euro motor tax)

Hope this is some help.

Keth

In these hard times, one might think about buying a 'vintage' car given that tax will be very low, and car lots of fun, but be warned, the engine and peripheral up-keep could be a bitch. That said... there is no required NCT for a Vintage car.

Dades

Keth_tgi wrote: »

In these hard times, one might think about buying a 'vintage' car given that tax will be very low, and car lots of fun, but be warned, the engine and peripheral up-keep could be a bitch. That said... there is no required NCT for a Vintage car.

Next year a car might be eligible to vintage tax, but have to sit the NCT. The NCT exemption has been fixed at pre-01/01/1980, and does not roll like the tax one.

I also wouldn't buy a 1980-something car and bank on the cheap tax at 30rys. I have an 1983 Porsche and would be surprised if in 2013 it'll fall into the same cheap tax slot we've enjoyed for years.

Change seems to be brewing everywhere.

BeardyGit

Necro-thread?

Dades

A classic, some say. :pac: