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What would a Mustang GT be worth in Ireland/UK?

  • 28-04-2010 7:10pm
    #1
    firefly08
    Registered Users, Registered Users 2 Posts: 856 ✭✭✭


    I'm living in the US for a little while, and I could probably bring back a car without too much expense (I'll be here for long enough that I probably wouldn't have to pay VRT for instance).

    I was thinking of buying 2005 or 2006 Mustang GT, and I was just wondering if it would be worth shipping it back home rather that flogging it over here when I go (this place is awash with Mustangs, they are very common)

    I'd probably keep it for a year when I return (otherwise I'd have to back pay VRT) but then I'd be looking to sell it.

    Is the market for massive engined cars gone completely at home, and in the UK? This car has a 4.7L V8 putting out 300BHP so it'd be in the highest bracket. The way I see it, anything that's 3 litres is already in the highest bracket, so anyone who's crazy/rich enough to have a 3.0L engine might as well have this? (they're actually surprisingly efficient for a V8 too)

    It'd cost around 11-12K euro to buy, and probably around 1-2K euro to ship back to Ireland.

    I see this GT being offered for 29K and I get the feeling it's been there for a while...hard to know what it would actually sell for.


Comments

  • #2
    CONM
    Registered Users, Registered Users 2 Posts: 166 ✭✭CONM


    https://www.ros.ie/VRTEnquiryServlet/showCarCalculator
    Check out the revenues vrt calculator, should help you work it out.


  • #3
    bazz26
    Registered Users, Registered Users 2 Posts: 51,363 ✭✭✭✭bazz26


    Don't forget that you also have to pay VAT and import duty on the car as it is being imported from outside the EU.

    Unless you plan on keeping it for a couple of years then I would not bother as there is little or no demand for these type of cars here. Given the price of petrol, motor tax and the fact it is LHD you will find it next to impossible to sell on in Ireland anyways imo.

    BTW that black one in Co Clare has been on sale since early last year. There is a nice 2005/6 silver V8 convertible going around Limerick and the sound of that V8 is music to the ears.


  • #4
    firefly08
    Registered Users, Registered Users 2 Posts: 856 ✭✭✭firefly08


    Don't forget that you also have to pay VAT and import duty on the car as it is being imported from outside the EU.

    Do you have to pay that even when you're transferring residence from another country? I know for certain that this would exempt me from VRT.


  • #5
    firefly08
    Registered Users, Registered Users 2 Posts: 856 ✭✭✭firefly08


    Answered my own question:http://www.revenue.ie/en/tax/vrt/leaflets/tax-relief-transfer-residence.html

    So I would be exempt from all import charges, VRT, VAT and import duty, on condition that I don't lend, hire or sell the car within the first 12 months after I bring it in.


  • #6
    Irishpimpdude
    Registered Users, Registered Users 2 Posts: 2,373 ✭✭✭Irishpimpdude


    firefly08 wrote: »
    Answered my own question:http://www.revenue.ie/en/tax/vrt/leaflets/tax-relief-transfer-residence.html

    So I would be exempt from all import charges, VRT, VAT and import duty, on condition that I don't lend, hire or sell the car within the first 12 months after I bring it in.

    You probably wouldn't take any loss on selling it over here, i love mustangs if only i could afford one lol


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  • #7
    firefly08
    Registered Users, Registered Users 2 Posts: 856 ✭✭✭firefly08


    Yeah, I think I'd settle for breaking even. If I could get to drive a Mustang for a year in Ireland, and then get my money back - happy days! That would mean making at least 14K on it, probably 15 by the time I factor in every expense. If I got 16.5K for it, that'd cover my tax for the year too :)


  • #8
    challengemaster
    Registered Users, Registered Users 2 Posts: 16,930 ✭✭✭✭challengemaster


    LHD...price decreasing already
    The fact its a mustang, despite how much horsepower it's got, it can really only travel in straight lines. So anyone in the market for a powerful car, who actually knows what they're at, will go for something probably jap/euro made, and for cheaper.

    I'd say your ideal market is people who have far too much money for their own good, or someone who's got daddy paying the bill for his new car. There is not a hope in the world of getting near 30k for it.


  • #9
    Shane732
    Registered Users, Registered Users 2 Posts: 4,998 ✭✭✭Shane732


    Bring in a 1967 Shelby GT500 (Eleanor lookalike) and I might be interested!

    Plus wouldn't the motor tax on that only be €50 so that would get you over the horrible €2,200 annual motor tax problem!!

    I reckon it'd be something you'd sell a lot easier too.


  • #10
    Matt Simis
    Registered Users, Registered Users 2 Posts: 8,718 ✭✭✭Matt Simis


    Camaro SS 2010, buy in 6mths time? Not that much more expensive (newer model), handles better and looks better (IMO, and I like the Mustang too). I think it even gets better MPG.

    I rented the 3.6 V6 in the US, all that fast, so would really recommend the SS for fast car thrills:

    71.jpg


  • #11
    Run_to_da_hills
    Closed Accounts Posts: 20,009 ✭✭✭✭Run_to_da_hills


    It would only be worth while importing the real one.

    All modern ones are rubbish. :p


    12799175_1.jpg


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  • #12
    firefly08
    Registered Users, Registered Users 2 Posts: 856 ✭✭✭firefly08


    the horrible €2,200 annual motor tax problem!!

    Well it's a bit less horrible that that - around 1500 is the highest bracket for pre-2008 cars. That was kind of the point; once you get to 3.0L, it's 1500 quid a year, and it doesn't matter how big you go after that. So, might as well have something outrageous. You can even super/turbo charge these cars for a couple of grand, and knock 400-450 BHP out, and it's not going to cost any more in tax.

    I have been considering the classic one though, they are deadly. The thing is the nice one (fastback) is very expensive,even over here in the US. The convertible is not bad though, nice pic RTDH!

    The Camaro is cool but I'm not looking at anything near brand new for by budget (around 15K tops). Best I could probably manage would be a 2005-2007 Mustang GT.


  • #13
    Mustangb
    Closed Accounts Posts: 3 ✭Mustangb


    firefly08 wrote: »
    I'm living in the US for a little while, and I could probably bring back a car without too much expense (I'll be here for long enough that I probably wouldn't have to pay VRT for instance).

    I was thinking of buying 2005 or 2006 Mustang GT, and I was just wondering if it would be worth shipping it back home rather that flogging it over here when I go (this place is awash with Mustangs, they are very common)

    I'd probably keep it for a year when I return (otherwise I'd have to back pay VRT) but then I'd be looking to sell it.

    Is the market for massive engined cars gone completely at home, and in the UK? This car has a 4.7L V8 putting out 300BHP so it'd be in the highest bracket. The way I see it, anything that's 3 litres is already in the highest bracket, so anyone who's crazy/rich enough to have a 3.0L engine might as well have this? (they're actually surprisingly efficient for a V8 too)

    It'd cost around 11-12K euro to buy, and probably around 1-2K euro to ship back to Ireland.

    I see this GT being offered for 29K and I get the feeling it's been there for a while...hard to know what it would actually sell for.


    Hi There,

    Been thinking about buying a mustang, have always wanted one....which one should i go for??


  • #14
    galwaytt
    Registered Users, Registered Users 2 Posts: 12,822 ✭✭✭✭galwaytt


    Matt Simis wrote: »
    Camaro SS 2010, buy in 6mths time? Not that much more expensive (newer model), handles better and looks better (IMO, and I like the Mustang too). I think it even gets better MPG.

    I rented the 3.6 V6 in the US, all that fast, so would really recommend the SS for fast car thrills:

    71.jpg

    I actually went looking at those in the US about 2 weeks ago: I'd buy it over the Mustang, but I like both. Saw the Chevy in Viper Green - fab ! Price for used from $ 26k for V6 to - $42k for SS ones.

    The snag is with Mustang's, you have the choice of pre 08's, as post 08's would be un-saleable (2200 tax...). Not so, the Chevy, pity.....

    The UK, though, that'd be different: if you bring in one without charges, then, just sell it into the UK when you're finished with it, and I think you'd do o.k.

    LHD won't affect it one jot.

    Now, here's an idea: a 911 or Panamera is half the price in the US, that it is here, and the Panamera will be in demand for a few years yet.......and, if you check the model, it actually won't be on the big tax at all.

    Ode To The Motorist

    “And my existence, while grotesque and incomprehensible to you, generates funds to the exchequer. You don't want to acknowledge that as truth because, deep down in places you don't talk about at the Green Party, you want me on that road, you need me on that road. We use words like freedom, enjoyment, sport and community. We use these words as the backbone of a life spent instilling those values in our families and loved ones. You use them as a punch line. I have neither the time nor the inclination to explain myself to a man who rises and sleeps under the tax revenue and the very freedom to spend it that I provide, and then questions the manner in which I provide it. I would rather you just said "thank you" and went on your way. Otherwise I suggest you pick up a bus pass and get the ********* ********* off the road” 



  • #15
    galwaytt
    Registered Users, Registered Users 2 Posts: 12,822 ✭✭✭✭galwaytt


    Run_to_da_hills wrote: »
    It would only be worth while importing the real one.

    All modern ones are rubbish. :p


    12799175_1.jpg

    oh puhleez.....next thing you'll be telling us you hate PAS...........:p

    Oh, and that pic........there's a reason they took it in a scrapyard......... ;);)

    Ode To The Motorist

    “And my existence, while grotesque and incomprehensible to you, generates funds to the exchequer. You don't want to acknowledge that as truth because, deep down in places you don't talk about at the Green Party, you want me on that road, you need me on that road. We use words like freedom, enjoyment, sport and community. We use these words as the backbone of a life spent instilling those values in our families and loved ones. You use them as a punch line. I have neither the time nor the inclination to explain myself to a man who rises and sleeps under the tax revenue and the very freedom to spend it that I provide, and then questions the manner in which I provide it. I would rather you just said "thank you" and went on your way. Otherwise I suggest you pick up a bus pass and get the ********* ********* off the road” 



  • #16
    Stephen
    Registered Users, Registered Users 2 Posts: 18,484 ✭✭✭✭Stephen


    I have a 2007 Mustang GT as my daily driver here, where it actually makes sense. I couldn't even consider running it in Ireland with the cost of fuel/tax/insurance/everything else there. I get about 15MPG (in US gallons, around 18 in imperial) around town in it, and about 25 (30 imp) on the highway, but my right foot is kinda heavy :)

    If you were to import one, you'd have to make a few other changes to make it road legal too - modify the headlights for RHD conditions, do something to the rear lights to make the indicators orange, get a rear fog light fitted, etc. I'd hate to think what some gobsh1te in an NCT centre might do to it.

    Also challengemaster, while it does have the whole live rear axle thing going on it still does in fact go around corners, even at speed. Its not a 1970s Dodge Charger.


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