Worth getting car back off Revenue

Rylan

Bought a car on UK plates off my father-in-law about 2 months ago. It was a Mercedes C220 CDI Auto (2000 - model before they changed in 01)

Had meant to pay VRT on it but stupidly never got around to it. It was only €460. I am generally always up to date with tax ect so it wasn't about trying to dodge the payment.

Anyhooo... got stopped by revenue last week who took the car off me.

My question is....... Is it worth paying the 200 fine + 460 VRT + 4 new tyres needed to clear NCT and then to sell it on on Irish plates. I don't need the car anymore as it was just a temporary solution and have got another car since.

It has 180000 miles on it but is running absolutely perfect. Body work is ok, few rust spots here and there which was common enough for that car.

Any opinions on if its worth the risk to profit ratio.

Many thanks

Gumbo

you would struggle to break even in my honest opinion.
I'd leave it.

pa990

it all depends on:
how much you paid for the car
+ cost of fines
+cost of bringing up to spec for NCT
+ €55 for NCT
+ cost of advertising/time
- resale value

= Profit ?

...how much did you pay for it?

Rylan

Paid €750 (not true value of car though IMO) but not concerned with that. I either leave it with revenue = no money or get it up to spec, sell it and make money. Just wondering if it is worth the hassle.

Gumbo

Rylan wrote: »

Paid €750 (not true value of car though IMO) but not concerned with that. I either leave it with revenue = no money or get it up to spec, sell it and make money. Just wondering if it is worth the hassle.

750 car
200 fine
460 vrt
200 (misc, rust etc)
55 nct
20 plates
200 approx (3 months tax to get the VLC)

what would you hope to sell it for?
How much are they going for currently?

coylemj

pa990 wrote: »

it all depends on:
how much you paid for the car

...
...
...

What he paid for it is irrelevant, doesn't enter the equation. All that matters is the potential sale price (i.e. the street value of the car) vs. the cost of getting it back and into a saleable condition.

If he's looking at paying 1,000 to get it back and on the road but it will then be only worth 750, he walks away regardless of how much he paid for it.

Quazzie

Will the revenue charge you to disose of it if you don't collect it?

aravan2010

I can't see it being as simple as leaving it to them. You were breaking the law. The revenue are the enforcers of the law and work on the behalf of the tax payer.

Gumbo

aravan2010 wrote: »

I can't see it being as simple as leaving it to them. You were breaking the law. The revenue are the enforcers of the law and work on the behalf of the tax payer.

They simply crush it. AFAIK theres no comeback on you if you dont collect it.

Rylan

aravan2010 wrote: »

I can't see it being as simple as leaving it to them. You were breaking the law. The revenue are the enforcers of the law and work on the behalf of the tax payer.

They enforce the law by taking your car off you.

Big Nasty

I thought the minimum on VRT was €720?

Rylan

MCMLXXV wrote: »

I thought the minimum on VRT was €720?

No. Checked it on Revenue site.

cadaliac

You would be lucky to get €2300 for a big miler like yours.
Judging by Kceire's sums you would be in to the car to the tune of €1885 or thereabouts.

I'd walk away, unless you give the car to someone.....


It could be worth something to a family member.

mickdw

The OP is not talking about making profit. He/she only wants to see if the cost of getting it back and on the road would exceed the price obtained if sold on. The purchase price is a write off at this stage. This is the way I see it.
I dont think its worth taking back but I would be inclined to take it back anyway, pay the fine etc and keep all in order with the revenue. Selling it on would more cover the costs associated with gettting it back.

cadaliac

mickdw wrote: »

The OP is not talking about making profit. He/she only wants to see if the cost of getting it back and on the road would exceed the price obtained if sold on. The purchase price is a write off at this stage. This is the way I see it.
I dont think its worth taking back but I would be inclined to take it back anyway, pay the fine etc and keep all in order with the revenue. Selling it on would more cover the costs associated with gettting it back.

Who mentioned anything about profit?

Rylan

mickdw wrote: »

The OP is not talking about making profit. He/she only wants to see if the cost of getting it back and on the road would exceed the price obtained if sold on. The purchase price is a write off at this stage. This is the way I see it.
I dont think its worth taking back but I would be inclined to take it back anyway, pay the fine etc and keep all in order with the revenue. Selling it on would more cover the costs associated with gettting it back.

This is what I was thinking. The original cost doesn't enter the equation.

So Fine 200
VRT 500
Tyres300
NCT 55
Plates 30

Total 1085.


So does anyone think I could sell a car like this for 2000 or the like.

Theanswers

Take the car back...

By taking it back and paying the VRT plus the fine. Then sell it for more than that thus a small bit of profit, because the price you paid for it does not matter. The is a sunk cost, irrealavent and therefore makes no differences. However if you can sell the car for more than the cost of VRT and fine you've made the only money you can without putting it on the road...

I'm surprised nobody on this form has informed you that by paying the fine and VRT you are helping this small broke country.

I'm totally against VRT by the way, another backward aspect of our goverments. They stolen your property worth more than the VRT and fine and expect you to pay to get it back.

What happens to the residual value of the car:

VALUE OF CAR (UK PLATES) - VRT& FINE = DIFFERENCES (STOLEN FROM YOU), if you dont collect the car...

Bit of rant sorry.

Voodoomelon

Can't believe they took it of you for the sake of a couple of hundred quid. They must know the location of hundreds of cars with VRT owed in the thousands, what a waste of everyones time.

Cuddlesworth

I'm pretty sure you get fined for non-collection and charged for the crushing too.

Rylan

Cuddlesworth wrote: »

I'm pretty sure you get fined for non-collection and charged for the crushing too.

You don't

Juwwi

Just keep in mind that the nct could find a fault you dont know about
resulting in more cost.

si_guru

Voodoomelon wrote: »

Can't believe they took it of you for the sake of a couple of hundred quid. They must know the location of hundreds of cars with VRT owed in the thousands, what a waste of everyones time.

There are two cars outside the local everyday for the last year (bar manager and wife)... nothing done. The driver of one was warned 6 months ago at a checkpoint in Tralee. Was it vrt'd after that? Nope. Oh and the local AGS lives across the road from the bar..

..I feel for you OP.

Guy:Incognito

MCMLXXV wrote: »

I thought the minimum on VRT was €720?

Only for the top Co2 band. Each band has a minimum rate.

Voodoomelon wrote: »

Can't believe they took it of you for the sake of a couple of hundred quid. They must know the location of hundreds of cars with VRT owed in the thousands, what a waste of everyones time.

Its not the sake of a couple of hundred quid though. ITs the VRT, plus the motor tax thats not being paid , plus it could be a death trap for all they know seeign as it wont have been through an NCT.


Either way, the law doesnt just start applying above a certain cost. If they ignored cars below a certain value everyone would be driving around in sub €1000 cars paying no motor tax and not NCT'ing them whiel being untraceable.

unkel

@Rylan - are you absolutely sure you don't have to pay the €200 fine anyway plus any other charges (storage etc.)?

It would not make sense if they just take the car. Anyone could then just buy a £100 banger in the North and drive it without VRT / NCT / Tax / insurance until caught and then get away with it, just having to hand over their worthless banger...

shawnee

unkel wrote: »

@Rylan - are you absolutely sure you don't have to pay the €200 fine anyway plus any other charges (storage etc.)?

It would not make sense if they just take the car. Anyone could then just buy a £100 banger in the North and drive it without VRT / NCT / Tax / insurance until caught and then get away with it, just having to hand over their worthless banger...

If you don't need the car , then take your punishment , You will not make profit on it in the present climate. They often give a warning but depends on the circumstances I suppose.;)

pred racer

unkel wrote: »

@Rylan - are you absolutely sure you don't have to pay the €200 fine anyway plus any other charges (storage etc.)?

It would not make sense if they just take the car. Anyone could then just buy a £100 banger in the North and drive it without VRT / NCT / Tax / insurance until caught and then get away with it, just having to hand over their worthless banger...

Not really because you would still be facing the fine for no tax, non display of same and a hefty fine or ban for no insurance. ( and whatever nobody gets fined for no nct:p)
But delete the word insurance and i fully agree.

Rylan

pred racer wrote: »

Not really because you would still be facing the fine for no tax, non display of same and a hefty fine or ban for no insurance. ( and whatever nobody gets fined for no nct:p)
But delete the word insurance and i fully agree.

If I remember correctly there was two different options she could have put on the form. The option she chose for me was a €200 fine ( which she said was the minimum) or I could just release the car to them and they would have it crushed the next day. The other guy also specified that even if I wanted to pay fine and collect it that there would be no storage fees.

I see what you are saying about buying a cheap car in the North.

I was insured on the car. Would not dream of driving uninsured.