Open Market Selling Price for VRT

Joey_Joe_Joe

Is the OMSP on cars going to be reduced now because of the massive decline in car values?

What are the figures based on?

If they did reduce it'd be great for buying in England with low sterling and cheap cars out there. I get the feeling that cars are falling in value very fast out there too.

Flesh Gorden

Id say their is a better chance of me waking up next to a few of the Pussycat Dolls on Christmas Day then the Government reducing the OMSP

if they reduced the OMSP to a fair price it would be the last nail in the coffin to a lot of car sales over here

Matt Simis

Thats a kinda of reverse logic?
If we are to presume cars arent selling here anyway then the only source of VRT income is private imports in which case a reduction would incourage such imports and boost Tax income.

To the OP, some OMSPs have come down.

modm3

They do come down at a constant rate, but when they're originally set sky high....makes feck all difference. There are some anomolies that VRT is cheaper than expected, finding them is the problem and sometimes they are spotted and closed off, pity it works so slowly in the reverse though.

I don't know if it's a selection of prices on dealer forecourts or the lovely people at SIMI that determine the OMSP, either / or , make of that what you will, all vested interests anyway. SIMI are basically another tax liability to the Irish motorist, I don't like them.

Car-dealer

Shall I harp on again:

OMSPs are totally unrealistic - often 25%-50% higher than actual sale prices e.g. look at a 2001 Mercedes CLK high miles petrol auto 200 Komp - then take a look at carzone!

I could go on....

I have been told that the best thing to do is complain to the competition commission - if you feel angry with the whole VRT system join the club and start writing to the CC and your TD and the EU - it wont just change there needs to be action.

Eoin

When I was last on the market I found the OMSP on the ROS site was consistently under what I would expect to pay for a decent example.

Car-dealer

Lucky you - perhaps the rest of us are the unlucky ones! I must be extremely unlucky as I only input the details of cars every day and seem to always get an overinflated false OMSP!

Eoin

Hmmm, I'm not so sure now. Just checked the OMSP of mine, and it's 8.5K or so. That probably is towards the higher end of the price range (it losts lots of value in the 6 months I've had it).

Joey_Joe_Joe

Is there any way you can appeal the actual omsp of an individual car when u import it? i think i heard something about that.