Luxury vehicles continue to leave Ireland

RedorDead

3284 vehicles exported this year with 556 having some VRT refunded by the government.

Since the scheme began 12 Aston Martins, 13 Bentleys, 12 Ferraris, two Lamborghinis and 32 Porsches have been exported with repayments being given to the respective owners.

Sad to see these cars leaving Ireland

Full story here:

http://www.completecar.ie/news/article/4962/Luxury-vehicles-continue-to-leave-Ireland

RandomAccess

Lithuania seems to be the epicentre of this epidemic. They do love their big Audi and BMWs

http://m.independent.ie/irish-news/gardai-appeal-for-help-regarding-dismembered-audi-and-bmw-parts-31460456.html

pcardin

RedorDead wrote: »

3284 vehicles exported this year with 556 having some VRT refunded by the government.

Since the scheme began 12 Aston Martins, 13 Bentleys, 12 Ferraris, two Lamborghinis and 32 Porsches have been exported with repayments being given to the respective owners.

Sad to see these cars leaving Ireland

Full story here:

http://www.completecar.ie/news/article/4962/Luxury-vehicles-continue-to-leave-Ireland

That's only the officially registered stuff. How many luxobarges have left without official export procedure. I drive one away every summer. :pac:

coylemj

What subeditor wrote that tasteless headline?

Gardai have appealed to the public for information regarding two high-powered motor cars that were dismembered by criminals in an apparent effort to smuggle them out of the country.

'Dismantled' surely? We don't need to discuss what the other word means!

RS6man

coylemj wrote: »

What subeditor wrote that tasteless headline?

'Dismantled' surely? We don't need to discuss what the other word means!

Zzzzzz. Who cares? And who is it tasteless towards?

goochy

thing is there wont be much left at that rate. is it that these cars are impossible to sell here or just worth more elsewhere ? its ok if they are hard to sell but not fair that irish buyers not getting to buy these cars here - it doesnt make financial sense for irish buyer to buy these from uk so if supply dries up here irish buyers lose out.
wonder if many cars going to oz or far east ?

Eric Cartman

almost all petrol e65's gone
range rovers in all but hse spec are rare
almost no petrol s classes after the 2003 facelift left
petrol jags past 04 are almost gone
most of the e63 6 series petrols are gone

its a sad time since they make mad money in the uk

hytrogen

goochy wrote: »

thing is there wont be much left at that rate. is it that these cars are impossible to sell here or just worth more elsewhere ? its ok if they are hard to sell but not fair that irish buyers not getting to buy these cars here - it doesnt make financial sense for irish buyer to buy these from uk so if supply dries up here irish buyers lose out.
wonder if many cars going to oz or far east ?

Well when you consider the UK purhaser goes for the top end spec on most models far more so that us cheap bag loving hypocrits it does make sense to import when you see a good deal.
True as you say when supply dries up here it's worse for all of us, insurance group premiums rise, road tax on mid range economic engines goes up, but also who will buy a brand new ferrari or bentley in this country without be begrudged or seen to be 'too flash with the cash' ??

colm_mcm

Threads merged

BMJD

Eric Cartman wrote: »

almost no petrol s classes after the 2003 facelift left
petrol jags past 04 are almost gone

I was behind a 141D S500 yesterday, there are still a good few of the newer XK's around too

vectra

High performance :pac:

Adapter for 2.5 inch SSD/HDD Laptop Extension

porsche boy

FAIL

colm_mcm

and again!

Heroditas

Eric Cartman wrote: »

almost all petrol e65's gone
range rovers in all but hse spec are rare
almost no petrol s classes after the 2003 facelift left
petrol jags past 04 are almost gone
most of the e63 6 series petrols are gone

its a sad time since they make mad money in the uk

Depressing stuff aright. I'm in the market to change my 2.5l E60 but there's just nothing here in petrol that tickles my fancy.
They're all bog standard diesel spec.
Searching for any decent size petrol cars on the likes of Carzone throws up only a very limited number of cars.

Del2005

Heroditas wrote: »

Depressing stuff aright. I'm in the market to change my 2.5l E60 but there's just nothing here in petrol that tickles my fancy.
They're all bog standard diesel spec.
Searching for any decent size petrol cars on the likes of Carzone throws up only a very limited number of cars.

I was thinking the same till I found out about hybrid , have a 3.5l petrol now.

Atlantic Dawn

It's a sad state of affairs, reminds me of foreign buyers coming in buying all our commercial property at knock down prices.

Heroditas

Del2005 wrote: »

I was thinking the same till I found out about hybrid , have a 3.5l petrol now.

I'm leaning that way myself.
3.5l petrol? RX450h or GS450h by any chance?

Del2005

Heroditas wrote: »

I'm leaning that way myself.
3.5l petrol? RX450h or GS450h by any chance?

GS450H, motor tax on the RX was too high.

Oafley Jones

Del2005 wrote: »

GS450H, motor tax on the RX was too high.

280 euro ?!?!

colm_mcm

280 on the FWD version

PurvesGrundy

I have to wonder, is this what the revenue are ultimately aiming for? Do they actually not want big engine cars on our roads (or are they just stupid?)

The VRT rebate has practically opened the floodgates for all these cars to be exported. They are being exported for no other reason than the ludicrous tax system that they are subject to. Four figure sum tax bands only result in diminishing returns due to the fact that the state will now be receiving €0.00 annually from these 'exported' cars in tax and also the VRT they are having to pay back in the process.

Do they morally feel that these cars should be not on our roads? Because this is simply just a money losing exercise for them if not.

Voodoomelon

^^ If you look at the figures for vehicles in the top tax bands, there's only a few thousand on the road. That's out of millions registered. The government couldn't give too hoots whether they leave the country or not.

Was the VRT rebate introduced because they were made do it? Can't imagine they did if for any other reason.

P.S. '05 740Li for sale, €30,000 ono.

Atlantic Dawn

What they should have done is introduced a flat opt in rate of €750 motor tax a year for vehicles over 10 years, the cars would have stayed here, they would have got the motor and fuel taxes on them. Letting them leave the country and paying a premium on them leaving doesn't make any sense or benefit to the country at all.

umop apisdn

This is one very strange country

mickdw

I'm kinda ashamed of myself. I always wished for the day that vrt would be repayable on export. I saw it as an improved position where one could buy in exotic stuff without fear of being stuck with it. I did not realise the extent to which it would drain the country of nice cars.

Atlantic Dawn

mickdw wrote: »

I'm kinda ashamed of myself. I always wished for the day that vrt would be repayable on export. I saw it as an improved position where one could buy in exotic stuff without fear of being stuck with it. I did not realise the extent to which it would drain the country of nice cars.

Lung cancer up big as a result of diesel car promotion, it will probably be 20 years before they follow the new UK stance.

http://www.irishtimes.com/news/health/incidence-of-several-common-cancers-rising-report-finds-1.2320215

Heroditas

Just doing a quick check on Carzone and searching by engine size yields 2,657 cars with engine sizes of 2.5l or greater.
Filter that down to petrol only and you get 760 (you also get 85 hybrid) - a total of 845 cars.

Filter for cars older than 2008 and you get a depressing 247 cars. Sheesh.
When you take out the cars who have been entered in error, e.g. people sticking in the car as 19l or 16 l instead of 1.9 or 1.6, the number dwindles even further.

On the bright side, there appears to be quite a few Aston Martins and Bentleys for sale!!

ZV Yoda

My current car was originally imported from the UK in 2012. My next purchase will probably be a petrol UK import. Does this mean I can reclaim VRT from my current car, re-export it to the UK, re-reg to UK plates & then trade it in off against another UK car?

Has anybody here done that & if so, how difficult was it?

Oafley Jones

colm_mcm wrote: »

280 on the FWD version

Versus a massive 390 on the AWD! This is the reason these cars are leaving. People balk at paying less than 200 euro a year more on what was originally a 70k vehicle.

waxon-waxoff

People sell where the price is best. London is booming and demand for hiugh end cars is increasing prices. Theres a small market here and it can take a long time to sell. Sterling is also strong against the Euro so it makes sense to sell to the UK. Ive a mate who sold an exotic car back to the UK recently and actually made a profit after a year.

Eric Cartman

the great thing about the vet export is that its lowered values for vrt and created oddities, like this : an 09 s500 is apparently worth 13k

mickdw

I believe you may have picked the wrong engine for the 09 model as that figure is not right. More like 13k vrt payable.

Leonard Hofstadter

Atlantic Dawn wrote: »

Lung cancer up big as a result of diesel car promotion, it will probably be 20 years before they follow the new UK stance.

http://www.irishtimes.com/news/health/incidence-of-several-common-cancers-rising-report-finds-1.2320215

You can be sure whenever they do change it, it will be no good to the average motorist and anything above 2.0 litres will continue to be absolutely clobbered.

One of the few upsides of the current system is that you can have a nice large engined diesel and pay hardly any extra motor tax (in fact, the forthcoming G11 730d will set its owner back a mere €200 a year in motor tax) because the mpg figures have improved so much over the past few years (in theory).

Even though I hate diesels, at least you can still buy a fast car and not get clobbered on tax and resale value. Six pot diesels are actually lovely anyway, of course they're not a patch on a large capacity petrol, but they're a heck of a lot nicer than your average car, be it petrol or diesel.

Anyway, as welcome and all as the changes in the UK are, it's only for private cars, it won't make any difference to the company car market where they will continue to tighten the bands as the years go by. The UK market is roughly an even split between private and company cars, but it's worth pointing out that private motorists tend to buy smaller cars and buy petrol. Larger cars (anything Mondeo/Insignia upwards plus the premium brands) are very much fleet oriented, and the fleet segment wants diesel; poverty spec 5 series, A6 etc with tractor engines are all the rage in the UK just as they are in Ireland. It's also worth pointing out that from next year, the diesel surcharge (a diesel must pay 3% more company car tax than a petrol for the same CO2 output) is being removed, so that will only increase the diesel market share next year, diesel has been the favourite in the UK for several years now, but only by a small margin.

The changes from 2017 will of course help petrol sales, it will be possible to own a V8 Mustang and pay just £140 a year in VED after the first year (it's £2000 in year 1 but I'd get over that when it's so small thereafter), because after year 1 every car will be in the same boat, though equally VED at present is nowhere near as onerous as motor tax in Ireland is (even if you have a large engined petrol, though people complain about it just as much as we do in Ireland), but diesel will continue to dominate the larger and premium cars because of the impact the lower CO2 emissions have on company car tax.

Another advantage of the new UK system is it will actually make older premium cars more desirable, because although anything that is more than £40,000 new will have to pay an additional ~£300 extra VED, this only applies between years 2 and years 6, after that everything will be paying £140 VED no matter what price the car was when new or the rated CO2 emissions.

Long Time Lurker

Atlantic Dawn wrote: »

What they should have done is introduced a flat opt in rate of €750 motor tax a year for vehicles over 10 years, the cars would have stayed here, they would have got the motor and fuel taxes on them. Letting them leave the country and paying a premium on them leaving doesn't make any sense or benefit to the country at all.

Kyoto. There's a reason.