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Tesla Model S import VRT?

  • 29-06-2017 8:44pm
    #1
    Registered Users Posts: 1,502 ✭✭✭ macnab


    Has anyone here imported a Tesla S or received a VRT estimate from the powers that be?
    I'm looking at UK cars and the Model S (2014) is going to hit £40,000 soon which along with the current exchange rate makes them attractive to me. But the Revenue have no listing for Tesla's yet.


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Comments

  • Registered Users Posts: 392 ✭✭ Petetheroadie


    Also interested in this. Even tried calling the vrt office and got no answer.


  • Moderators, Category Moderators, Motoring & Transport Moderators, Regional East Moderators Posts: 58,884 CMod ✭✭✭✭ unkel


    Any idea what the car would sell for here? If you do, that would give you an approximate answer. Let's for a moment assume that the OMSP here is €50k

    Then the VRT is 14% of €50k = €7k minus the €5k VRT discount for EVs, so just €2k. Not bad, what? :)

    If the OMSP is €60k (surely not more as a brand new one is not that much over €80k), then the VRT payable is €3.4k

    "Wind is Ireland's oil" - An Taoiseach, 25/05/2022



  • Registered Users Posts: 8,468 ✭✭✭ Soarer


    Saves me doing maths. Good man.


  • Registered Users Posts: 17,910 ✭✭✭✭ ELM327


    This thread is symbolic of most of my daydreams at the moment.
    I'm aiming to purchase an AP1 equipped CPO model S85 in 12-18 months assuming I have got my ppr sorted by then. Banks don't like you taking out finance when in the mortgage approval process.


  • Registered Users Posts: 1,502 ✭✭✭ macnab


    unkel wrote: »
    Any idea what the car would sell for here? If you do, that would give you an approximate answer. Let's for a moment assume that the OMSP here is €50k

    Then the VRT is 14% of €50k = €7k minus the €5k VRT discount for EVs, so just €2k. Not bad, what? :)

    If the OMSP is €60k (surely not more as a brand new one is not that much over €80k), then the VRT payable is €3.4k

    Thanks Unkel.
    The problem is: what OSMP will/have revenue put on a 2014 Tesla Model S?
    Given that most of them seem to have €10K wort of factory extras added I think it could be a bit of a minefield.
    The lowest price for a Model S in Ireland is currently €67000. Taking 67K as a marker then VRT payable would be €4380, which is €2380 more than would be paid on an OSMP of €50000.


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  • Moderators, Category Moderators, Motoring & Transport Moderators, Regional East Moderators Posts: 58,884 CMod ✭✭✭✭ unkel


    I would get a quote in writing (email) from NCTS (VRT) before importing, just to make sure there are no nasty surprises.

    "Wind is Ireland's oil" - An Taoiseach, 25/05/2022



  • Registered Users Posts: 2,380 daRobot


    unkel wrote: »
    I would get a quote in writing (email) from NCTS (VRT) before importing, just to make sure there are no nasty surprises.

    They don't do that though. In this farcical system of ours, you'd need to buy it and present it before a quote is given. Same as all the non listed vehicles on the system unfortunately.


  • Registered Users Posts: 961 aliveandkicking


    Would Tesla Ireland have imported any used Model S from the UK when they set up shop here? If they have they might be able to give you an idea of the VRT. Might be worth a phone call to them at least.


  • Registered Users Posts: 21,398 ✭✭✭✭ Mad_Lad


    They'd be mad not to in my opinion.

    That would be an amazing car......


  • Registered Users Posts: 1,230 ✭✭✭ Scottie99


    unkel wrote: »
    Any idea what the car would sell for here? If you do, that would give you an approximate answer. Let's for a moment assume that the OMSP here is €50k

    Then the VRT is 14% of €50k = €7k minus the €5k VRT discount for EVs, so just €2k. Not bad, what? :)

    If the OMSP is €60k (surely not more as a brand new one is not that much over €80k), then the VRT payable is €3.4k

    I thought it was VRT free up to 35K, then 14% on the balance?
    I'm not sure but it might have changed


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  • Registered Users Posts: 1,230 ✭✭✭ Scottie99


    Yea your right..

    "VRT relief of up to €5,000 depending on the age of the car in respect of certain series production vehicles until 31 December 2021"


  • Registered Users Posts: 75 ✭✭ Eireplates


    I called into Tesla in Sandyford a few weeks back and they are not importing used CPO Teslas from the UK to Ireland for the moment they said.

    I told them it was a no brainer and would start generating sales for them. If they could have used Model S with warranty for around €50K it would offer people a lower price point to get behind the wheel of one compared with a brand new one.


  • Moderators, Category Moderators, Motoring & Transport Moderators, Regional East Moderators Posts: 58,884 CMod ✭✭✭✭ unkel


    Scottie99 wrote:
    I thought it was VRT free up to 35K, then 14% on the balance? I'm not sure but it might have changed

    That's the same thing, Scottie :)

    14% on the first 35k = 5k discount

    "Wind is Ireland's oil" - An Taoiseach, 25/05/2022



  • Registered Users Posts: 44 ✭✭✭ Plates365.com


    Apologies for resurrecting an old thread. Just FYI you can get a Tesla VRT estimate here now..... https://www.vrt.ie/home/vrt-motor-tax-calculator/independent-vrt-calculator/


  • Registered Users Posts: 1,502 ✭✭✭ macnab


    Apologies for resurrecting an old thread. Just FYI you can get a Tesla VRT estimate here now..... https://www.vrt.ie/home/vrt-motor-tax-calculator/independent-vrt-calculator/

    Funny this came up today, I picked up a Tesla Model S 85 earlier. Its 142 Reg. The VRT bill was €4399 when it was imported some time this year.


  • Registered Users Posts: 44 ✭✭✭ Plates365.com


    macnab wrote: »
    Funny this came up today, I picked up a Tesla Model S 85 earlier. Its 142 Reg. The VRT bill was €4399 when it was imported some time this year.

    Well wear, I’m guessing it was the one for sale on DoneDeal


  • Registered Users Posts: 1,502 ✭✭✭ macnab


    Well wear, I’m guessing it was the one for sale on DoneDeal

    Yes it was on DoneDeal


  • Moderators, Category Moderators, Motoring & Transport Moderators, Regional East Moderators Posts: 58,884 CMod ✭✭✭✭ unkel


    Well wear!

    A lot of us in here are jealous :)

    Any details on the car and how much did you end up paying for it?

    "Wind is Ireland's oil" - An Taoiseach, 25/05/2022



  • Registered Users Posts: 8,616 ✭✭✭ grogi


    macnab wrote: »
    Yes it was on DoneDeal

    Wear well! :D


  • Registered Users Posts: 8,616 ✭✭✭ grogi


    macnab wrote: »
    Funny this came up today, I picked up a Tesla Model S 85 earlier. Its 142 Reg. The VRT bill was €4399 when it was imported some time this year.

    Do you have some paperwork for the VRT? Do you know which depreciation class revenue assigned to it?


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  • Moderators, Education Moderators Posts: 1,857 Mod ✭✭✭✭ Slaanesh


    macnab wrote: »
    Funny this came up today, I picked up a Tesla Model S 85 earlier. Its 142 Reg. The VRT bill was €4399 when it was imported some time this year.

    You're a Meath man, I think you must show me this new Tesla of yours ;)


  • Registered Users Posts: 17,910 ✭✭✭✭ ELM327


    Well wear indeed!
    There's been a few for sale, including the one for 55k in Dublin that's pre-AP. And then some from dealers etc.

    A lot of jealousy on the forum today I suspect, from myself aswell!

    Nice to know about the VRT bill. It means there is a stat code now on the system for model s which will aid future grey imports


  • Moderators, Category Moderators, Motoring & Transport Moderators, Regional East Moderators Posts: 58,884 CMod ✭✭✭✭ unkel


    ELM327 wrote: »
    Nice to know about the VRT bill. It means there is a stat code now on the system for model s which will aid future grey imports

    I wonder how come the VRT can be calculated on this pay for site, while there are no Teslas yet on the official VRT calculator?

    Maybe this site just uses some algorithm to estimate VRT? If so, is that any good?

    Official VRT Calculator linky

    "Wind is Ireland's oil" - An Taoiseach, 25/05/2022



  • Registered Users Posts: 17,910 ✭✭✭✭ ELM327


    unkel wrote: »
    I wonder how come the VRT can be calculated on this pay for site, while there are no Teslas yet on the official VRT calculator?

    Maybe this site just uses some algorithm to estimate VRT? If so, is that any good?

    Official VRT Calculator linky
    There's none on the calculator but if someone has brought one in already (as the poster said there was a VRT invoice/bill he saw) that means there is an existing statistical code within revenue when someone brings in another.

    Even if it's not on the website.
    4500 odd VRT would point to a lower than expected OMSP sale price and/or a higher depreciation allowance. All my (back of a fag pack) calculations had the VRT closer to 9k than 4.


  • Registered Users Posts: 8,616 ✭✭✭ grogi


    ELM327 wrote: »
    There's none on the calculator but if someone has brought one in already (as the poster said there was a VRT invoice/bill he saw) that means there is an existing statistical code within revenue when someone brings in another.

    Even if it's not on the website.
    4500 odd VRT would point to a lower than expected OMSP sale price and/or a higher depreciation allowance. All my (back of a fag pack) calculations had the VRT closer to 9k than 4.

    The OMSP for a 142 Model S 85D was ~€67150. How much did you estimate the OMSP to get VRT of 9k?! €100000 ?


  • Registered Users Posts: 17,910 ✭✭✭✭ ELM327


    grogi wrote: »
    The OMSP for a 142 Model S 85D was ~€67150. How much did you estimate the OMSP to get VRT of 9k?! €100000 ?
    Yes I used 100k. There was a time when the SIMI dealers were purposely listing older tesla models at 80-100k to inflate the VRT.

    Where do you see the OMSP listed?


  • Registered Users Posts: 8,616 ✭✭✭ grogi


    ELM327 wrote: »
    Yes I used 100k. There was a time when the SIMI dealers were purposely listing older tesla models at 80-100k to inflate the VRT.

    Where do you see the OMSP listed?

    OMSP = (VRT-paid + €5000) / 0.14 = €9399 / 0.14 = €67136


  • Registered Users Posts: 17,910 ✭✭✭✭ ELM327


    grogi wrote: »
    OMSP = (VRT-paid + €5000) / 0.14 = €9399 / 0.14 = €67136
    But that's not the OMSP, strictly speaking it's the OMSP less the allowable depreciation.

    It's the allowable depreciation that I neglected to include in my calculations hence the inflated figures.


  • Registered Users Posts: 8,616 ✭✭✭ grogi


    ELM327 wrote: »
    But that's not the OMSP, strictly speaking it's the OMSP less the allowable depreciation.

    It's the allowable depreciation that I neglected to include in my calculations hence the inflated figures.

    That's exactly what taxman used for Current OMSP determined by Revenue. Not the OMSP when new...


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  • Registered Users Posts: 17,910 ✭✭✭✭ ELM327


    Ok, there's two.
    "Open Market Selling Price (OMSP) determined by Revenue"
    and "Current OMSP determined by Revenue"

    I guess it's easier to look at the second, although there is a corelation - as the second is determined by the first, less "Rate of Depreciation for this Vehicle"


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