S2000 VRT at €11,500?!?!

IrishZeus

Hi all,

Looking for some confirmation/advice.

I'm looking at importing a Honda S2000 from the UK, valued at about €13k. The car is a 2007, unmodified. CO2 emissions are 236 g/km.

I've checked on the online VRT calculator and its telling me I would have to pay €11,500 in vrt.

Is this correct? It seems absolutely crazy..... The one thing I have to query is that the value being place on the car by the VRT site is €32,000 which is three times what i'll actually be paying...

The VRT breakdown is below. Does anyone know if the VRT reduces if you pay less? i.e. if I pay 13K which is a fraction of the value being given, will the amount of VRT due reduce by the same %?

Thanks all.



Breakdown of VRT Calculation
Open Market Selling Price (OMSP) determined by Revenue €57755
Monthly adjustment+105%
Depreciation code allocated by RevenueA2
Odometer reading 30000 Miles
Date of first registrationJUNE 2007
Mileage/Kilometre reduction €0
Rate of depreciation for this vehicle47%
Current OMSP determined by Revenue €32140


Revenue CO2 Calculation
CO2 Emissions 235
Rate of VRT 36%
VRT Chargeable
€11570

Bluefoam

€11,500 seems like a very good price for a 2007 S2000 in good nick... Make sure you check it over very well before purchasing.

apologies - misread the OP's OP

iphone4g

Bluefoam wrote: »

€11,500 seems like a very good price for a 2007 S2000 in good nick... Make sure you check it over very well before purchasing.

Read the post.
The vrt is €11,500

projectgtr

Thats sick ive seen s2k`s go for 7000 over here and they want 11500 in taxes!!!!:mad:

Bluefoam wrote: »

€11,500 seems like a very good price for a 2007 S2000 in good nick... Make sure you check it over very well before purchasing.

thats the VRT the government want!!!

Athlone_Bhoy

Bluefoam wrote: »

€11,500 seems like a very good price for a 2007 S2000 in good nick... Make sure you check it over very well before purchasing.

Edit: Already said...

Does anyone know if the VRT reduces if you pay less? i.e. if I pay 13K which is a fraction of the value being given, will the amount of VRT due reduce by the same %?

No. If the car was free you'd still have to pay.

IrishZeus

Cheers lads, thats what I thought. The worst has been confirmed so, 2007 is out, I wouldnt be willing to pay that much VRT.

Looks like i'll have to go for an older model. Probably a 2002 which equates to about 4k in VRT and would cost about 9k euros to buy. Can still get excellent cars for 2002's, mileage in or around 40k.

Another question someone might know and again I suspect the obvious answer might be the right one... would a UK garage take an Irish reg car as a trade in? (Annoyingly enough my current car came from the UK and was vrt'd)

Other than this, I'll look into a garage over here buying it in for me and trading against that.

Senna

IrishZeus wrote: »

Cheers lads, thats what I thought. The worst has been confirmed so, 2007 is out, I wouldnt be willing to pay that much VRT.

Looks like i'll have to go for an older model. Probably a 2002 which equates to about 4k in VRT and would cost about 9k euros to buy. Can still get excellent cars for 2002's, mileage in or around 40k.

Another question someone might know and again I suspect the obvious answer might be the right one... would a UK garage take an Irish reg car as a trade in? (Annoyingly enough my current car came from the UK and was vrt'd)

Other than this, I'll look into a garage over here buying it in for me and trading against that.

if the car was originality on UK plates, the its very easy to transfer it back ti the original reg, just one form needs filled and a 30 quid fee.

shineon23

Senna wrote: »

if the car was originality on UK plates, the its very easy to transfer it back ti the original reg, just one form needs filled and a 30 quid fee.

Sorry to hijack the thread OP!

out of interest, what form is this, or where could it be obtained?

I got a car up north 2 years ago,vrt paid etc. and was thinking of buying up there again and try selling privately here, but if I could trade it in with a dealer across the border happy days.

projectgtr

IrishZeus wrote: »

Cheers lads, thats what I thought. The worst has been confirmed so, 2007 is out, I wouldnt be willing to pay that much VRT.

Looks like i'll have to go for an older model. Probably a 2002 which equates to about 4k in VRT and would cost about 9k euros to buy. Can still get excellent cars for 2002's, mileage in or around 40k.

Another question someone might know and again I suspect the obvious answer might be the right one... would a UK garage take an Irish reg car as a trade in? (Annoyingly enough my current car came from the UK and was vrt'd)

Other than this, I'll look into a garage over here buying it in for me and trading against that.

Have you looked into the differences between the AP1 and AP2?? might throw a spanner in the works, worth a read all the same, the twitchy AP1 wouldnt bother me but inform yourself

IrishZeus

projectgtr wrote: »

Have you looked into the differences between the AP1 and AP2?? might throw a spanner in the works, worth a read all the same, the twitchy AP1 wouldnt bother me but inform yourself

Long overdue reply but finally bought an S2000. Got a 2000 model so its and AP1. Know the differences and it wouldn't bother me either. Picking it up this saturday so all thats left to do now is change the insurance over!

JimmyCrackCorn

IrishZeus wrote: »

Long overdue reply but finally bought an S2000. Got a 2000 model so its and AP1. Know the differences and it wouldn't bother me either. Picking it up this saturday so all thats left to do now is change the insurance over!

I better get a spin or ill be spreading vicious rumours about your sexuality.

kincaid

a trader some 5-6 years back went down to belfast to buy a new ferrari car...
to vrt it at the time was over 70,000....
a guy who told me was paying vrt on a 02 vw polo car in the office at the time so not sure if its true but thats a huge amount of money if it is