Last 100 days to import from the UK?

Stallingrad

I'm sure this has been discussed but with a hard Brexit looming, and even if it is not a hard Brexit, looks like the gig up for importing cars from the UK. Like most of Brexit this is leap into the unknown, but on top of VRT, there will most likely be additional Duties on imported cars.

Could be the end of an era, expect prices here to go up with a reduced supply of used cars and no UK option to buy.

Buy now people.

Comhrá

If this comes to pass on March 29th 2019, how long before we can look forward to dealers here offering improved trade-in allowances for well maintained 2-5 yrs. old cars bought new in Ireland? Am I being too optimistic or naive here?

Philb76

How does it work with Japanese cars is there extra duty as well as vrt?

projectgtr

Philb76 wrote: »

How does it work with Japanese cars is there extra duty as well as vrt?

Yes, Vat , customs and excise , port charges to name a few. Still bargains to be had for the right cars though.

Lantus

Comhra wrote: »

If this comes to pass on March 29th 2019, how long before we can look forward to dealers here offering improved trade-in allowances for well maintained 2-5 yrs. old cars bought new in Ireland? Am I being too optimistic or naive here?

If UK imports drop then local demand will increase. The Irish market will adjust it prices to fleece the customer for all its worth as punishment for shopping in the UK.

Atlantic Dawn

Anyone got a comparison as to how much a year they take in from import VRT and how much from new car VRT? Will be a massive loss to the government if UK imports dry up, the type of person who has €10k or so to buy used typically doesn't have €25k to buy new. I suppose VRT could be tailored on imports to level out any import duty needed to be taken in to account.

Philb76

Could we end up like continental Europe wer a 17year old scrapper is 3grand and a new one is 14grand seen this in France and Spain

Philb76

Atlantic Dawn wrote: »

Anyone got a comparison as to how much a year they take in from import VRT and how much from new car VRT? Will be a massive loss to the government if UK imports dry up, the type of person who has €10k or so to buy used typically doesn't have €25k to buy new. I suppose VRT could be tailored on imports to level out any import duty needed to be taken in to account.

Don't have any figures but didn't imports match or better new sales last year so its win win you make a great point not a massive market for 25grand motors certainly for the average joes like myself if there's no import market states losing a fortune

Esel

I can't see any change happening for importing already registered cars which have VAT already paid in the UK (apart from those under 6 months old or with under 6000 km on the odometer).

Cars registered after Brexit will probably be a different story.

Marcusm

Esel wrote: »

I can't see any change happening for importing already registered cars which have VAT already paid in the UK (apart from those under 6 months old or with under 6000 km on the odometer).

Cars registered after Brexit will probably be a different story.

VAT doesn’t work like that. Absent any changes (and none are anticipated per VAT experts), a post-Brexit importation is an importation from outside the EU and there is no provision to consider any prior U.K. VAT. That being said, if it’s a VAT qualifying car then U.K. VAT may effectively be rebates on export. Up to 70% of U.K. car sales are fleet related and thus have the potential to be “VAT qualifying” at the end of the initial fleet period.

ondafly

projectgtr wrote: »

Yes, Vat , customs and excise , port charges to name a few. Still bargains to be had for the right cars though.

Funnily enough as of February 2019 the 10% duty applied to Japanese imports will no longer be charged. So that’s something at least.

CJhaughey

All well and good but insurers don't like Japanese imports and any saving made in the reduction of duty will be offset by higher insurance if available.

troyzer

You could look at it another way. A hard Brexit and cliff edge economic plunge just obliterate the used car market in the UK making them really cheap.

Partner that with the inevitable parity with sterling and it could very well still be cheaper to import. Having said that, it'll be so much more complicated with the paperwork that it might not be worth the savings.

Eurochild

The value from the UK at the moment is really amazing. I just bought a 142-equivalent Mazda 3, top spec (2.0 Sport Nav), mileage on the higher side (113km) but immaculate condition. All done over the phone as I got it shipped by Costello Auto Trans to my door, total price including shipping, inspection and VRT €11,750. I test drove a model from the main dealer down the road and it was €13,995 for the most basic spec (not even cruise control) and 1.5 to boot, albeit lower mileage. Plus the dealer in the UK was a pleasure to deal with whereas the one here only cared about continuing to push paint protection and extended warranties even after I made it clear I didn't want them. It will be a sad day if Brexit brings all that to an end.

ShadowHearth

One way or another, something will happen, but I am sure Dealers will find 10 more excuses why your cars trade in value so low and why their car is well priced, but in reality over priced.

My coworker be befriended a fella who has a garage and sells uk imports. He imports them himself and always gets best examples he can. I am pretty sure his garage will get a hit if no deal brexit goes live.
Thing is I was toying with idea of getting him to import me 2 year old Alfa Giulia when my pcp is up, but by the looks of it, the uk might drop before my time for change comes.