Importing from Ni or UK - Help

CianB123

I'm looking at upgrading car and as I'm currently in a UK imported car I've gotten very fond of the Higher spec such as auto wipers and cruise control etc. and overall better condition and would rather stick with the spec if I could so deciding to import one myself.

I've searched all the threads I can find about this but can't seem to find out what I'm looking for. I'm wondering about VRT, I've heard it does drop when its payed at the start of a new month(December 1st rather than Nov. 30th) but I'm not sure if its a significant drop as the new year is coming up and I don't know if it's worth waiting til after the new year to purchase or would it be the same as if I buy at the start of next month? When buying from a dealer would it be worth waiting til Jan when they have new stock in and might want to flog off older cars (2009/2010) for a bit less to free up space?

And I've added up all the costs I can think of involved in importing (car+vrt+nct test+tax+plates and then fuel,flights and ferry if its from UK) but I feel like I'm leaving things out that I'm not thinking of. Any help would be greatly appreciated

Valetta

CianB123 wrote: »

And I've added up all the costs I can think of involved in importing (car+vrt+nct test+tax+plates and then fuel,flights and ferry if its from UK) but I feel like I'm leaving things out that I'm not thinking of. Any help would be greatly appreciated

Are you taking into account the STG£ exchange rate?

Recent transaction on my credit card was @ .77.

zwind

VRT won't drop unless it's the start of a year e.g. 31 Dec vs 1 Jan, around 20%.

dubsuperstar

fleex wrote: »

VRT won't drop unless it's the start of a year e.g. 31 Dec vs 1 Jan, around 20%.

Is that a fact or just a wild guess. Im in the same situation myself, have my eye on a few 2012 BMW 5 sport but thinking I will wait until mid Jan and hope to get 1k at least off price and a few pound off VRT aswell. Always assumed VRT was calculated on a % market value of the car.

enviro

dubsuperstar wrote: »

on a % market value of the car.

Which would drop in January as the car is one year older.

zwind

20% is just a round guess.

VRT will drop if you import it after the new year.

In the new year, revenue think that your car worth less because they use depreciate rate the determine a car's value and your car is older.

depend on the depreciation code assigned to your car(make and model), you will see some drop in your VRT.

dubsuperstar wrote: »

Is that a fact or just a wild guess. Im in the same situation myself, have my eye on a few 2012 BMW 5 sport but thinking I will wait until mid Jan and hope to get 1k at least off price and a few pound off VRT aswell. Always assumed VRT was calculated on a % market value of the car.

roadsmart

A UK or NI car is registered on a specific date. As that date passes, the car becomes a year older and incurs less vrt. It's nothing to do with 1st jan or anything like that. @ op, you can calculate the vrt here:
https://www.ros.ie/evrt-enquiry/vrtenquiry.html?execution=e1s2

CianB123

I heard the exchange rate isn't very good at the minute. Is there any way to minimise the effect this would have on the cost when buying the car?

Roadsmart - This is what I was originally trying to figure out. How would I find out the exact date the car was registered before I actually go to look at it?

roadsmart

Check the vehicle's registration number here:

https://www.vehicleenquiry.service.gov.uk

CianB123

roadsmart wrote: »

Check the vehicle's registration number here

Thanks for that, extremely helpful.
I was trying to get away with using motorcheck ie but it isn't as precise

zwind

Just have a look a the Revenue manual.It's quite complicated.

Age for vehicle depreciation is Subtract year of registration in the State from year of 1
st registration .

e.g. a 01/10/2010 Car imported on 01/01/2015 is a 5 year old car.

However, there's +5% of the VRT adjustment if registered in Jan.

age of option extra is calculated differently.

5% off the market value if the car is rated fair rather than good.

excess mileage will result in a lower VRT. not sure how it works.

roadsmart wrote: »

A UK or NI car is registered on a specific date. As that date passes, the car becomes a year older and incurs less vrt. It's nothing to do with 1st jan or anything like that. @ op, you can calculate the vrt here:

mgbgt1978

It works quite strangely.
Often you will find that the VRT on a, say, June '08 Car will be a few hundred Euros less than a Jan '08 car.
It does vary from car to car, and also on when you are actually bringing in the car. But it definitely is worth your while to check the VRT for different months of the same year. There will always be a difference and usually the slightly newer car will have a lower VRT figure .

The last three cars I brought in all worked out cheaper when I went for a May to July model rather than a January to April car.