German youngtimers, tax questions

ppss

moved from bangeromics thread

166man wrote: »

Classic cool Bangernomics

http://cars.donedeal.ie/for-sale/cars/3946812



Looks like a very original car and an excellent ad. Fresh NCT, cheap tax and 7 seats. Should go on forever too. If I had the money I'd actually love one of these.

Hi Guys,

I'm a huge fan of those German Youngtimers (and others of course). As I moved recently to Ireland, I'm not (yet) really involved into the taxation of Cars here. Could you please explain me what I should take into consideration, also why is this car on a cheap tax? What year will count for a cheaper tax and how to calculate...
I'm sorry for the questions, if already discussed, please excuse me. If not appropriate you (somebody) can answer on pm.

Cheers

Sobanek

Currently in Ireland there are 2 systems under which road tax is calculated for passenger cars and this is always a source of confusion, hopefully the following with explain the system to you.
All cars older than 2008 have their road tax calculated based on the cars engine cc's. All cars that are 2008 or newer have their road tax calculated based on the cars CO2 emissions. The above is true in 99% of cases.
The CO2 based system came into force in July 2008 meaning new cars registered between 1 January 2008 and 30 June 2008 initially had their motor tax charged on the basis of the existing engine size (c.c.) system. However, a low CO2 emitting new car registered between 1 January 2008 and 30 June 2008 had its motor tax switched to the lower CO2 based motor tax rate on first renewal of motor tax post 1 July 2008, when the new CO2 based system commenced. New cars which were registered in the first 6 months of 2008 whose tax would be more under the new CO2 based system continue to pay motortax on the basis of engine size.


You can calculate how much tax will be for a car here: http://www.vrt.ie/roadTax.php

Quazzie

Sobanek wrote: »

Currently in Ireland there are 2 systems under which road tax is calculated for passenger cars and this is always a source of confusion, hopefully the following with explain the system to you.
All cars older than 2008 have their road tax calculated based on the cars engine cc's. All cars that are 2008 or newer have their road tax calculated based on the cars CO2 emissions. The above is true in 99% of cases.
The CO2 based system came into force in July 2008 meaning new cars registered between 1 January 2008 and 30 June 2008 initially had their motor tax charged on the basis of the existing engine size (c.c.) system. However, a low CO2 emitting new car registered between 1 January 2008 and 30 June 2008 had its motor tax switched to the lower CO2 based motor tax rate on first renewal of motor tax post 1 July 2008, when the new CO2 based system commenced. New cars which were registered in the first 6 months of 2008 whose tax would be more under the new CO2 based system continue to pay motortax on the basis of engine size.


You can calculate how much tax will be for a car here: http://www.vrt.ie/roadTax.php

You forgot Classic Tax.

Sobanek

Oh yeah, Vintage Tax is a fixed rate of €52 on any car that's registered as a vintage. To qualify the car must be 30 years old or older.

ppss

wooow, thanks for the quick answer.
So if I understood it right, for this car the tax will be 660€ absolutely the same as it would be for a car produced lets say 12.2007?
As the car's not more than 30 Years old, there is no Vintage Tax. Why should it be cheap in tax then? Or is 660€ cheap here?

Sobanek

ppss wrote: »

wooow, thanks for the quick answer.
So if I understood it right, for this car the tax will be 660€ absolutely the same as it would be for a car produced lets say 12.2007?
As the car's not more than 30 Years old, there is no Vintage Tax. Why should it be cheap in tax then? Or is 660€ cheap here?

Compared to €1683 you pay on anything over 3000cc... Yeah.

Then there's €2258 that you'll pay on anything that's over 225g/km.

Tax will be the same for a 1991 BMW 520i and a 2007 BMW 520d.

In order to pay the Vintage rate, it must be REGISTERED as a vintage

ppss

Thanks Sobanek for your quick and valuable answers.
I'm gonna search in the 1.4l to 1.6l corner of those 90's "Classics"

Sobanek

No problem mate. Good luck.

H3llR4iser

ppss wrote: »

Thanks Sobanek for your quick and valuable answers.
I'm gonna search in the 1.4l to 1.6l corner of those 90's "Classics"

You might want to contact a few insurance companies before buying anything; They often put very high premiums on cars older than 10 years or refuse to insure them on a new policy - especially if you hold an EU driving license and have no driving experience, nor no claims bonus, in Ireland.

A brief breakdown:

- Most companies will refuse to insure anything about 1.4L if you don't have a no claims bonus, even if you held a license for 10 years or longer;

- Most companies will either put a premium on cars older than 10 years, or just refuse to insure them if you are a new customer - AA quoted me for 4000 euro on a 2001 1.4L Megane...

- Irish insurance companies are absolutely delirious when it comes to identify what a "performance car" is. If the car's official description includes anything like "sport", "gran turismo", "super" etc, they will try to put the premium up - even if it's a 1.2 and the "super" definition means it's got air conditioning;

Hope this can be helpful

ppss

Thanks Hellraiser for this input.
I actually quoted some cars through www.25plus.ie and was always around 480-580€ per year. I think that's quite fair.
But I have to admit that insurance and tax are ridiculously high here in Ireland. :rolleyes:

Guy:Incognito

H3llR4iser wrote: »

- Most companies will either put a premium on cars older than 10 years, or just refuse to insure them if you are a new customer - AA quoted me for 4000 euro on a 2001 1.4L Megane...

Surely there was other factors? I'm paying under €400 for a 1.8 Xantia.

dgt

Guy:Incognito wrote: »

Surely there was other factors? I'm paying under €400 for a 1.8 Xantia.

That's what I'm thinking too... That generally applies to youngsters and teeny boppers

The D-Turbo is 850 to insure for the year

keithclancy

ppss wrote: »

Thanks Hellraiser for this input.
I actually quoted some cars through www.25plus.ie and was always around 480-580€ per year. I think that's quite fair.
But I have to admit that insurance and tax are ridiculously high here in Ireland. :rolleyes:

Swings and roundabouts, by other countries standards owning a car is extremely cheap. :pac:

Sobanek

Guy:Incognito wrote: »

Surely there was other factors? I'm paying under €400 for a 1.8 Xantia.

Depends on the insurance group, the brand itself (can it be considered sporty / unsafe), driver's age, previous history, no claims bonus and payment history (making sure the previous insurance wasn't cancelled for no payment).

Example:

AXA Insurance
18 Year Old, 1 Year NCB.
2002 Volvo S40 1.6 is €159.39 less expensive to insure than a 2000 Volkswagen Golf 1.4.