VRT discrepancy in valuations

reubenreuben

Hi,

Planning on importing a volvo xc60. Checking the vrt site, the omsp valuations do not relate to the car engine power and the trim level.
For instance , the 163bhp version is valued more than the 181bhp version. Both cars same year, trim and co2.

The model I want to import is not on the list, but a very similar one is, does the vrt centre have to have the identical model listed for it to be imported or can it be very similar?

The car I want to import is XC60 se lux nav 163hp awd. The se lux( not Nav) is listed and the omsp valuation is 21913.
I found the exact same car (se lux nav awd) but with power of 181bhp. That one is valued at 17173
Surely the more powerful engine would cost more.

What would vrt office do in this instance?

bazz26

If your specific model is not on the VRT system then the VRT folks will contact Revenue for a VRT figure.

If you think their valuation is too high and you have proof then you can appeal but you will need to pay the initial VRT figure first before you can lodge an appeal.

reubenreuben

bazz26 wrote: »

If your specific model is not on the VRT system then the VRT folks will contact Revenue for a VRT figure.

If you think their valuation is too high and you have proof then you can appeal but you will need to pay the initial VRT figure first before you can lodge an appeal.

What sort of proof do I need?

Do they contact revenue when importing the car during the appointment?

bazz26

You will need to provide examples of other identical cars with similar spec/mileage being advertised at a lower price.

When you go to your VRT inspection appointment and they don't have your car on their system then will request a figure from Revenue and tell you that you'll get a text with a figure within 10 working days.

colm_mcm

Is it 2.0 or 2.4 you’re looking at, there are 163bhp versions of both.

BronsonTB

reubenreuben wrote: »

Hi,
Surely the more powerful engine would cost more.

No not necessarily, remember revenue use the CO2 & OMSP for VRT, not the engines power to classify it.

reubenreuben

colm_mcm wrote: »

Is it 2.0 or 2.4 you’re looking at, there are 163bhp versions of both.

Its 2.4 awd with 163bhp. I can find the se nav version online but mine is the se nav lux version

The se nav version of both engines has very similar vrt figures, 30 euros less for the 163bhp. The 163bhp se nav lux does not appear on the site. It does in 181bhp and the extra vrt is 200 euros over the 181bhp se nav.
Would the vrt office use that as a guide and do the vrt on the spot?

All models have same 139 c02

mailforkev

I brought in a XC60 earlier in the year and had VRT issues too.

For some reason a six months newer car had the VRT quote drop by around 10%. I ended up successfully appealing.

Also, in the testing centre they had the power as PS in their system rather than BHP (something like 187 v 190) which meant that the logbook vehicle description didn’t match their system and it needed to be queried so I couldn’t pay there and then.

Edited to add: make sure you’re searching for SE LUX NAV rather than SE NAV LUX.

reubenreuben

mailforkev wrote: »

I brought in a XC60 earlier in the year and had VRT issues too.

For some reason a six months newer car had the VRT quote drop by around 10%. I ended up successfully appealing.

Also, in the testing centre they had the power as PS in their system rather than BHP (something like 187 v 190) which meant that the logbook vehicle description didn’t match their system and it needed to be queried so I couldn’t pay there and then.

Edited to add: make sure you’re searching for SE LUX NAV rather than SE NAV LUX.

Thanks. The v5 has it only as 120kw which is 163bhp so that is fine. I have searched all the vrt and the se lux nav model isn't listed in 163bhp form. Volvo have brochures online going back to 2011 so I have the uk brochure showing the cars etc and the prices(uk mind) but they would transfer to the irish equivalent.


Which xc60 did you import if you dont mind me asking and what were the vrt difference you had to pay upfront?

mailforkev

Which xc60 did you import if you dont mind me asking and what were the vrt difference you had to pay upfront?

I brought in a 2015 SE Lux Nav auto FWD. cant remember exactly the figures but VRT was originally around 6.9k, I appealed it and got around 700 back.

Mine is loaded with around 5k worth of extras which weren’t factored in to the VRT at all. So try to find the best equipped one that you can.

H3llR4iser

VRT "valuations" are basically made up - I was recently looking at a 335i in the UK, sold for about 10k £ (11.5k Euro), which seems to be the average for the type of car - 2010 model, around 90k Km on the odometer. According to the Revenue, the car is worth north of 20.000 Euro...

R.O.R

H3llR4iser wrote: »

VRT "valuations" are basically made up - I was recently looking at a 335i in the UK, sold for about 10k £ (11.5k Euro), which seems to be the average for the type of car - 2010 model, around 90k Km on the odometer. According to the Revenue, the car is worth north of 20.000 Euro...

According to Revenue, a 2010 335i with about 90,000km on is only worth circa €20,000, but I've just found one for sale in Norway for 420,000 Krona



This is as relevant as how much they sell in the UK for, when you are talking about Revenue's valuations of cars.

reubenreuben

H3llR4iser wrote: »

VRT "valuations" are basically made up - I was recently looking at a 335i in the UK, sold for about 10k £ (11.5k Euro), which seems to be the average for the type of car - 2010 model, around 90k Km on the odometer. According to the Revenue, the car is worth north of 20.000 Euro...

That's the impression I am getting looking at the vrt listings. They are all over the place

H3llR4iser

R.O.R wrote: »

According to Revenue, a 2010 335i with about 90,000km on is only worth circa €20,000, but I've just found one for sale in Norway for 420,000 Krona



This is as relevant as how much they sell in the UK for, when you are talking about Revenue's valuations of cars.

Do you think it'd be worth 20k here? A nearly 9 years old, 3 liters turbocharged, petrol car in a country where "year" in on the license plate and means everything, which has an obsession with diesels, no motoring culture, where insuring and taxing it will mean another 2k minimum a year? You can TRY to sell it for that money - a 2008 model, low mileage has been on sale in Dublin for 7950 for three months and didn't sell...to the VRT, that one was also worth somethinng like 17k...


With this mentality, why not set the VRT value at 44k, it's as "valid" as the UK value...

Marcusm

R.O.R wrote: »

According to Revenue, a 2010 335i with about 90,000km on is only worth circa €20,000, but I've just found one for sale in Norway for 420,000 Krona



This is as relevant as how much they sell in the UK for, when you are talking about Revenue's valuations of cars.

Given the scale of imports here from the UK I don’t think anyone could claim that it does not have an IMPACT on valuations albeit that U.K. values can’t be used as a substitute. Conversely, Norway prices can be completely disregarded as there is no simple method of importation (plus LHD).

reubenreuben

I found the SIMI price guides from 2013 and the prices on there are different to the OMSP on the vrt calculator.

Why is that?

CJhaughey

reubenreuben wrote: »

I found the SIMI price guides from 2013 and the prices on there are different to the OMSP on the vrt calculator.

Why is that?

I would guess because SIMI don't assess the VRT, Revenue do.
SIMI are only an umbrella organisation for dealers, they have nothing to do with Taxation and collection of revenue.
If you feel that the VRT is excessive you can appeal it.

bazz26

Revenue do get information on OMSP figures from the SIMI afaik.

CJhaughey

bazz26 wrote: »

Revenue do get information on OMSP figures from the SIMI afaik.

Giving info and setting the VRT are two different things, Revenue may take it into account or they may not. I don't know and the only ones that do are rRevenue.
I am sure that they may feed some figures into revenue if asked but that doesn't mean that the figures they feed in set the VRT price for the car model especially if that model wasn't sold here.
Its all about the money at the end of the day.;)

reubenreuben

The figures I am seeing on vrt do not compare to the SIMI figures. This is on more than one model of the car, so is not a one-off. The SIMI figures are higher than the vrt figures

R.O.R

reubenreuben wrote: »

The figures I am seeing on vrt do not compare to the SIMI figures. This is on more than one model of the car, so is not a one-off. The SIMI figures are higher than the vrt figures

Is it around 10%?

Simi figures are retail prices. Revenue use OMSP figures for VRT

reubenreuben

R.O.R wrote: »

Is it around 10%?

Simi figures are retail prices. Revenue use OMSP figures for VRT

vrt omsp seems to be about 10-15% less than simi figures