still money to be made buying and selling?

dor843088

Can anyone tell me if theres still a few bob to be made on uk imports ? Im thinking small petrols and diesels.

Mycroft H

Well, can you buy them cheap enough is the big question. I'd say there is a market for small diesels if nothing else. Thinking 1.3 diesel Fiat Pandas, 1.4Hdi 307s etc...

dor843088

BX 19 wrote: »

Well, can you buy them cheap enough is the big question. I'd say there is a market for small diesels if nothing else. Thinking 1.3 diesel Fiat Pandas, 1.4Hdi 307s etc...

Id feel bad taking money off someone for a panda lol . Yaris and fiestas maybe a golf?

Atlantic Dawn

Most money to be made in likely on 2008-20012 cars, not much good quality used cars around here in that age bracket.

You would need to purchase the most popular cars in the class in popular colours, I'm thinking Nissan Quasqui, VW Golf, Ford Focus and BMW 3 Series etc.

Going against you would be that you are offering zero guarantee on a relatively high value used car which you are selling directly after import, sets off alarm bells. Also speedo is in miles will annoy some people. It's a lot of money to be laying out with possibly being stuck with a car for months.

mickdw

Anyone thinking of buying a high tax yoke here and exporting it - given the new vrt refund scheme?
There are a few models that make sense when you compare pricing here v Uk.

dor843088

mickdw wrote: »

Anyone thinking of buying a high tax yoke here and exporting it - given the new vrt refund scheme?
There are a few models that make sense when you compare pricing here v Uk.

What refund scheme ? i bought an Is220d couple year ago paid 3500 vrt and they fetch more in the uk as far as Im aware the scheme any use to me ?

gowley

Atlantic Dawn wrote: »

Most money to be made in likely on 2008-20012 cars, not much good quality used cars around here in that age bracket.

You would need to purchase the most popular cars in the class in popular colours, I'm thinking Nissan Quasqui, VW Golf, Ford Focus and BMW 3 Series etc.

Going against you would be that you are offering zero guarantee on a relatively high value used car which you are selling directly after import, sets off alarm bells. Also speedo is in miles will annoy some people. It's a lot of money to be laying out with possibly being stuck with a car for months.

id second most of that the only thing i would question is the newer age brackets atlantic. i would have thought you could turn a profit on older cars as the vrt would be much lower.

Supergurrier

No

shawnee

People want to sell dear and buy cheap now ! Very difficult to turn a profit nowadays but for those who can do a bit for a car and put it thru the nct ,perhaps there is.

mickdw

dor843088 wrote: »

What refund scheme ? i bought an Is220d couple year ago paid 3500 vrt and they fetch more in the uk as far as Im aware the scheme any use to me ?

Look it up on revenue vrt page. They will give you back residual vrt left in the car provided you permanently export it. It wad supposed to be live from April. Revenue are certainly quoting figures anyway.

dingding

I can't find it on the page. Any ideas where to look. Only gives information on what to pay.

If I look up the amount of VRT to Pay, on a car, is that the same as the amount of a refund I would get if I exported it.

gowley

you wish lol

mickdw

Vrt page has 3 options
car vrt
Motorbike vrt
Export query.

Go to export query. Same procedure as checking import vrt. Figures should be the same too but they grab a 500 fee off the rebate.
Also I believe it only applies when vrt has actually been handed over for that particular car. So in the case of a car thst was brought in used and the owner got an exemption, there would be nothing to get back. Other example could be where a new car was bought by someone who gets vrt back due to disability. Again, if they got all vrt back, there would be no refund available now even tjough the car is on irish plate etc.

dingding

With that there would actually be money to be made exporting high VRT, High Tax cars from Ireland to the UK. 6 year old SUV's for example would probably fall into this category.

mickdw

dingding wrote: »

With that there would actually be money to be made exporting high VRT, High Tax cars from Ireland to the UK. 6 year old SUV's for example would probably fall into this category.

There appear to be a few models that throw up big price differences but at a minimum we now have the option of buying a car that you might never be able to sell here again but now we can drop it to the uk and not do bad moneywise.

gowley

any idea how easy it is to get the ok from revenue for this. in my experience they make it difficult with documentation to import a car with exemptions eg utility bills living expenses etc id imagine to get a refund is even more time consuming

mickdw

gowley wrote: »

any idea how easy it is to get the ok from revenue for this. in my experience they make it difficult with documentation to import a car with exemptions eg utility bills living expenses etc id imagine to get a refund is even more time consuming

Yes but that is when you are looking for an exemption. There is no exemptions being applied for here. For the man in the street, as long as they are tax compliant, there should be no hassle in exporting a car every couple of years without registering as a dealer etc.
I think the procedure is that you book into nct people for a valuation. You then take the car out of state and have it registered in another country. Once you show proof of this, they send cheque to last registered owner.
You need mph clocks and you need to jump through some hoops to register a car in the uk but it should be manageable.

Wheres My ForkandKnife

Back to the OP's original question.It's still possible to turn a few bobas many main dealers are going to the Uk for stock but reastically you are looking at post 08 as was said earlier so you are looking at a significant outlay.Then you have to VRT it and advertise it.I'd say if you put it on donedeal with the amount of vrt due and ignoring the legalities the chances of selling it are slim.There are plenty like this on donedeal and I personally wouldn't touch them with a bargepole.

Why would anyone buy these when it's obvious it's some lad is out to make a few bob. I've nothing against anyone making a profit but they have to bring something more to the deal than just bringing the car across on the ferry.

Anytime I see one of these imports I sometimes have a look to see how much I could bring the same one across for and if I can't get the same model at the price its for sale here further alarm bells go off.

You can make a few quid but don't expect it to be easy money.

bmwguy

I actually briefly looked into the option of exporting cars to Australia, high tax cars such as 530s, s class etc as they're going for a pittance here but making good money in Australia, 01/02 5 series make up to $15000 for good ones. Unfortunately there are huge artificial barriers to trade put in place by the Australian government, might have worked otherwise

Yawlboy

My local Kia dealer is shifting a fair few 08/09/10 Cee'ds every month - all high spec low mileage UK cars.

Tea 1000

You need to remember also when exporting that a car in the UK will fail an MOT if it doesn't have MPH clocks.

goochy

There is a new company run by ex Cunningham Higgins motor co guy who can change clocks to kms

Zubeneschamali

Yawlboy wrote: »

My local Kia dealer is shifting a fair few 08/09/10 Cee'ds every month - all high spec low mileage UK cars.

But he is a dealer. Trying to do this as a private seller is harder, you're offering no comeback or guarantee so people will pay less, and you can't sell too many or the Revenue will be down on you.

Celly Smunt

Low margins and high risk.

Gumbo

Depends on the car and condition.
I bought a 2002 320d auto SE for 5200 jan 2011 and sold it for 5500 6 months in later.
Bought a E39 530d in June 2011 for 5200 and sold it for 6100 in may 2012.
Bought an E60 525d in June 2012 for 10k and sold it for 11k in April 2013.

All cars bought in Ireland.

Where's there's will, there's a way

slimjimmc

dingding wrote: »

I can't find it on the page. Any ideas where to look. Only gives information on what to pay.

If I look up the amount of VRT to Pay, on a car, is that the same as the amount of a refund I would get if I exported it.

Here you go...
http://www.revenue.ie/en/tax/vrt/export-repayment-scheme/faqs.html

They charge €500 for processing the refund, plus you have to pay NCTS to value the car.

mickdw

Tea 1000 wrote: »

You need to remember also when exporting that a car in the UK will fail an MOT if it doesn't have MPH clocks.

Yes you cannot even register in uk without mph clocks.

Del2005

mickdw wrote: »

Yes you cannot even register in uk without mph clocks.

A friend took an Irish Bandit to the UK when he moved over. It took ages to get it onto UK plates and he had to pay a lot of money for compliance checks. Stupid thing is the bike was for sale in the UK, but since it was originally registered in Ireland they treated it differently.

Only way to make easy money exporting to the UK is to buy UK imports and export them.