Euro hits 92p Sterling today!!

Where is it going to stop! The way thing are going they could hit 1:1 which was unbelievable a while back. Its really going to show up VRT now when the VRT on more and more cars being of equal value or more than the purchase price of the car. To think the exchange rate was only around 70p to the euro when I bought my car. Im afraid to work out how much less I would have paid for the car on exchange rate alone.

Berty

VRT and Stamp Duty are dirty cash cows. The government would give a rats about making changes to it.

Owen

The falling price of Sterling is great, not just for cars either, I bought a phone for herself from the UK this morning, and the price conversion was just astonishing.

Berty

Berty wrote: »

VRT and Stamp Duty are dirty cash cows. The government would give a rats about making changes to it.

I dont think anybody expects any major changes but a review of osmp's would have to be considered at some point as stuff is crazy over valued atm and is stopping us taking full advantage of the fantastic deals to be had due to the strong euro.

Your right ned78 its a great time to buy anything thats being sold in sterling.

Heroditas

How much is petrol up North nowadays? I was going to fill up here before I head up there on business tomorrow but I may just wait and fill up there. :pac:

Stevie Dakota

The temptation is to spend now, but hold off, sterling is still on the slide....

L-M

Stevie Dakota wrote: »

The temptation is to spend now, but hold off, sterling is still on the slide....

Aye i'll give it another few weeks. I'll be on the boat then:D

rainbowtrout

Heroditas wrote: »

How much is petrol up North nowadays? I was going to fill up here before I head up there on business tomorrow but I may just wait and fill up there. :pac:

Petrol is one of the few things that is more expensive up North. I think it was 99p when I was in Enniskillen last week. Lots of Northern cars filling up in Blacklion where they have their prices in euro/sterling. it was 99c/89p there

Westwood

If it hits even ill remortgage the gaff and go on a spending frenzy

L-M

Westwood wrote: »

If it hits even ill remortgage the gaff and go on a spending frenzy

Haha best of luck with that!:rolleyes:

Irishpimpdude

It was 93p a few mins ago

Limerick-man

Limerick-man wrote: »

Aye i'll give it another few weeks. I'll be on the boat then:D

Definitely as I said its heading for 1:1. having lived in the UK I can see the massive savings ahead. Just for a example a jumper that costs 60 euro would be 40 sterling the way things are going 40 euro will = 40 sterling.

Only thing is the massive savings for us on UK cars wont last forever, With the pound getting weaker it will be more expensive for the UK dealers to import cars so that will eventually push up the price of cars in the UK

Wacko

I was going to buy my first car here, but the north is the place to go, now the way the exchange rates are, any tips for buying, I was looking at a skoda dealership 2nd hand cars and they are really cheap even after VRT, I presume insurance companies are well used to sorting insurance for British cars until you change them over ?

kluivert

See rates return to around 84p to the €1 after Christmas.

romperstomper

kluivert, what are you basing that on (if anything)

i'm in the market for a '08 520d and need to get a bankdraft for it. but the rates from Oirish banks are brutal compared to XE etc and they're trade system takes a good few days for everything to clear (thus robbing me of acting quick)

ANY ideas where I can get a draft at a reasonable exchange rate?

(thanks)

JackieChan

kluivert wrote: »

See rates return to around 84p to the €1 after Christmas.

Parity (and some more) is more likely to happen before this happens.
Think they call it benign neglect!
The UK have already said that they will go to zero interest rates if needed where as the ECB say rates may drop below 2%.

This is primarily positive for UK economy, dearer imports mean UK produced good are more competitive. Also they have the obvious export advantage in to the EU.

Padraig Mor

romperstomper wrote: »

kluivert, what are you basing that on (if anything)

i'm in the market for a '08 520d and need to get a bankdraft for it. but the rates from Oirish banks are brutal compared to XE etc and they're trade system takes a good few days for everything to clear (thus robbing me of acting quick)

ANY ideas where I can get a draft at a reasonable exchange rate?

(thanks)

Can you not just pay a deposit in cash / draft and then wait for XE trade to go through?

Bluetonic

kluivert wrote: »

See rates return to around 84p to the €1 after Christmas.

Eoin Macollamh

94.25p at this minute.

Femelade

I want to buy a car in the UK in the next few weeks but i have NO idea where to start..
Can someone give me some guidlines?
Do i have to go over and get it myself or will they send it over?
I heard you can get the AA over there to go and check the car out for you so you dont have to go over yourself..is that true?

romperstomper

I'm just about to book flights to collect my car and i'd be happy to share my experiences. I got a lot of good info off the boards guide:

http://www.boards.ie/vbulletin/showthread.php?t=176389

important thing is to buy the sterling at the best rate you can. i was able to haggle with BOI quoting a few different rates from different banks to get them to go from ~.91 -> .925

xabi

Femmy wrote: »

I want to buy a car in the UK in the next few weeks but i have NO idea where to start..
Can someone give me some guidlines?
Do i have to go over and get it myself or will they send it over?
I heard you can get the AA over there to go and check the car out for you so you dont have to go over yourself..is that true?

They sometimes post them over in a parcel!

Darsad

Femmy wrote: »

I want to buy a car in the UK in the next few weeks but i have NO idea where to start..
Can someone give me some guidlines?
Do i have to go over and get it myself or will they send it over?
I heard you can get the AA over there to go and check the car out for you so you dont have to go over yourself..is that true?

Why do you want to buy it in the UK have you even compared the price
with a comparable car here

romperstomper

Darsad wrote: »

Why do you want to buy it in the UK have you even compared the price
with a comparable car here

are you serious?? '08 520d in joe duffy for 56K

http://www.joeduffybmw.ie/usedcars/index.cfm?fuseaction=car&carID=1183187

SAME car:


http://search.autotrader.co.uk/es-uk/www/cars/BMW+5+SERIES/Ne-2-4-5-6-7-8-27-44-49-53-61-64-67-103-133-146-236,N-39-51-59-112-141-157-179-240-4294967178-4294967202/advert.action?R=200842321198121&distance=203&postcode=BT34+2NQ&channel=CARS&make=BMW&model=5+SERIES&min_pr=20000&max_pr=25000&max_mileage=20000&vehicleYearOfManufacture=2008&vehicleRegLetter=08

including VRT & road tax for €31K

thats nearly half price!

hellboy99

£0.947 now, can see it hitting £1 before Xmas, more shopping for me up north

Femelade

romperstomper wrote: »

I'm just about to book flights to collect my car and i'd be happy to share my experiences. I got a lot of good info off the boards guide:

http://www.boards.ie/vbulletin/showthread.php?t=176389

important thing is to buy the sterling at the best rate you can. i was able to haggle with BOI quoting a few different rates from different banks to get them to go from ~.91 -> .925

Thank you, i'll check out that.

xabi wrote: »

They sometimes post them over in a parcel!

Oh my god! so funny..but not helpful!

Darsad wrote: »

Why do you want to buy it in the UK have you even compared the price
with a comparable car here

eh..duh! yeah I have..Thanks for being concerned though.

Darsad

Thats a bit of an extreme example !
There are plenty of cars passing through auction houses at present
for ridiculous prices and many cheaper than UK imports.Many dealers would be only too happy to sell at a loss at present to to clear down stocks especially if there is no trade in .

There are still plenty of people who can afford to pay Joe duffys high prices and just couldnt be arsed with the hassle of buying an import so I suppose he will always charge a premium.But for the rest there is plenty of value here if you look ask and haggle.

lafors

Getting my draft on Friday, then over to pick her up on Monday.
Can't believe how lucky I am that I hadn't gone for this car a month ago

Romperstomper, how did you get them to give a better rate?
Who did you have to speak to/haggle with?

SV

Darsad wrote: »

Thats a bit of an extreme example !
There are plenty of cars passing through auction houses at present
for ridiculous prices and many cheaper than UK imports.Many dealers would be only too happy to sell at a loss at present to to clear down stocks especially if there is no trade in .

There are still plenty of people who can afford to pay Joe duffys high prices and just couldnt be arsed with the hassle of buying an import so I suppose he will always charge a premium.But for the rest there is plenty of value here if you look ask and haggle.

You're not taking into account that the prices being asked in england are exactly that, Asking prices.
They can be haggled too ya know.



There's a HUGE difference between the Irish and UK car markets, biggest one being Ireland is a feckin rip off when it comes to buying.

Darsad

Femmy wrote: »

Thank you, i'll check out that.



eh..duh! yeah I have..Thanks for being concerned though.

Your welcome !

L1011

Eoin Macollamh wrote: »

94.25p at this minute.

95.36 now!