Import VRT reduction?

ZookeeperDub

Ok was talking to a few guys and this is about the 3rd person who has mentioned to me in 2024 the VRT will reduce so it will allow dealers to import from the UK without the massive VRT we have seen in the last few years. Done a bit of a google but can't see anything. Is this pub talk or something that might happen?

User1998

Absolute pub talk. Same as every other year

Theres a 20% VAT refund in the UK next month. That’s about it for now.

And I’d imagine VRT will be increasing slightly in this years budget. As it does every other year

ZookeeperDub

https://www.boards.ie/discussion/comment/120971016#Comment_120971016

Was thinking so, the discussion was saying that imports would come down and increase flow of cars in Ireland again

User1998

https://www.boards.ie/discussion/comment/120971023#Comment_120971023

Well I suppose theres some truth in it. There should be an increase of UK imports soon.

ZookeeperDub

https://www.boards.ie/discussion/comment/120971034#Comment_120971034

Really? the VRT is crazy on them at the moment

User1998

https://www.boards.ie/discussion/comment/120971049#Comment_120971049

Your mixing up VRT and import duties

VRT depends on the Co2 output of the car. Most UK imports these days would be low Co2 so low VRT.

Import duties are high because of Brexit, but like I said theres a 20% reduction coming.

VRT is staying the same, or maybe increasing slightly usually

mickdw

Basically, we were stuck with only vat qualifying cars to import since brexit which significantly reduced stock that irish dealers could buy.

New rules now allow any uk car to obtain a rebate roughly similar to vat amount (1/6 of invoice) even when not vat qualifying. That will free up every uk car to now be imported here so should make a massive difference to Import numbers and also price levels.

This rebate is only available to car dealers however but still should create a far better market here.

bazz26

It will suit car dealers here in offering more choice and maybe more margin but I wouldn't hold my breath in any savings making their way to the end buyer.

Type of cars being imported won't go back to the post Brexit days either and VRT is now designed to price half interesting cars out of being imported. Those days are gone now.

mickdw

https://www.boards.ie/discussion/comment/120971220#Comment_120971220

Prices will certainly drop. Too many import dealers will be willing to cut each others neck for it not to happen. We have always seen imports with only a fair margin in the past.

Its true that only certain types make sense now. Its hybrid, EV or nothing.

I looked at a diesel A7 the other day. 17k vrt

Similar priced 530e in UK about 5k vrt.

creedp

https://www.boards.ie/discussion/comment/120971220#Comment_120971220

Would agree with this. The private motorist was always ripe for exploitation here and it's likely this VAT exemption will largely be soaked up by dealers with the Govt continuing to screw people for VRT, Nox levies, etc.

Importing cars privately was really the only way to make a decent saving pre Brexit and private motorists are still barred from this option

User1998

https://www.boards.ie/discussion/comment/120971275#Comment_120971275

There are a lot of diesels that still make sense to import. Bluemotion Golfs for example have less than 100g of Co2 and only €300 or so of Nox, so the VRT on them is very cheap. There are a good few more with similar amounts.

ZookeeperDub

https://www.boards.ie/discussion/comment/120971061#Comment_120971061

Sorry you are correct. It was talked to about me a reduction in VRT so I wasn't the only one.

https://www.boards.ie/discussion/comment/120971220#Comment_120971220

Problem at moment seems to be lack of choice, dealer know this and pushing up prices. Yet when you ask about trade in the list of excuses come flooding in

Now sure how the UK market is these days but for a while they had cars been sold for more than bought 3-4 years earlier. I wonder is it any better?

ZookeeperDub

https://www.boards.ie/discussion/comment/120971368#Comment_120971368

I guess large 7 seaters like XC90/Q7/X5 would be outside this bracket?

Gumbo

https://www.boards.ie/discussion/comment/120971655#Comment_120971655

The PHEV versions are selling here all day long and are actively being imported.

User1998

https://www.boards.ie/discussion/comment/120971655#Comment_120971655

Yes, bigger heavier cars are just being imported as PHEV’s or are being converted to commercial vehicles which also have cheap VRT

skydish79

https://www.boards.ie/discussion/comment/120971868#Comment_120971868

Are these been converted "temporarily" or permanently?

User1998

https://www.boards.ie/discussion/comment/120973442#Comment_120973442

Permanently. You have to pay the additional VRT if you convert it back.

Some people will convert them back and not declare it but you’d be in trouble if you got stopped at a Revenue checkpoint

Anyway most of the SUV’s allow you to keep 5 seats as a commercial so theres not much need to convert them back

Markus Antonius

Government shot themselves in the foot cutting off the private imports. Would love to know how much less VRT they are pulling in now. Surely making up for it other ways though.

ZookeeperDub

https://www.boards.ie/discussion/comment/120984216#Comment_120984216

The UK imports VRT was bringing in a lot less than selling cars in Ireland and creating our own market. Especially when you consider a lot of crap cars got dumped into Ireland from the UK. Cost more longer term as we are left to scrap them

creedp

https://www.boards.ie/discussion/comment/120984527#Comment_120984527

The Nox levy pretty much ended the import of **** diesels as only relatively new and clean diesels made financial sense, except of course for commercials which were always treated far preferentially. Course that makes perfect sense from an environmental perspective🤔

User1998

https://www.boards.ie/discussion/comment/120984527#Comment_120984527

Do you have the statistics to show that UK imports get scrapped sooner than Irish cars? Sounds like crap to me

mickdw

To be fair, there were an awful lot of cat C and D coming in with only the bare surface repair works being done before being put on the road here so alot of those would end up as scrap fairly quickly.

User1998

https://www.boards.ie/discussion/comment/120988711#Comment_120988711

Ah I know some UK imports have been written off, but the same can be said of Irish cars that get written off and repaired too.

ZookeeperDub

https://www.boards.ie/discussion/comment/120985053#Comment_120985053

https://www.boards.ie/discussion/comment/120988801#Comment_120988801

It was well known, hardly a secret that UK was dumping cars into Ireland and it was also known that loads of them got a few thousands miles lost off them in the Irish sea

I personally ended up with 2, one which I never figured out till I was selling. The second I had bought and had all paperwork, only I contacted Audi UK and it had 100k more miles on it when they last serviced it. I was lucky and got to return that one.

@User1998 as I posted to you before the Long Mile Road in Dublin had thousands of clocked cars.

Don't get me wrong, I bought a lot of imports due to spec etc but I was fully aware a lot of the ones I test drove had been clocked.

https://www.irishmirror.ie/news/irish-news/car-clocking-second-hand-mileage-11229899

User1998

https://www.boards.ie/discussion/comment/120989064#Comment_120989064

The problem I have is that nothing your saying is backed up by facts or statistics. The real truth is that the majority of cars being imported from the UK are decent cars being imported by decent people. Even the article you linked agrees with me. Its LESS than 2/10 which are bad at 18%.

The rubbish your spouting is propaganda spread by SIMI to the ordinary Irish consumer so that they would stop importing cars from the UK and buy from Irish dealers instead. SIMI like to ignore the fact that thousands of Irish cars get crashed, repaired and clocked as well.

And to say that there are thousands of clocked cars on the Longmile Road is absolute rubbish. Its pub talk from people that haven’t a clue about the motor trade. I know some of the business owners personally and they are genuine people selling genuine cars.

Obviously some dealers are less than genuine and pop up and leave within a couple of years, but to paint everyone on the Longmile Road as a cowboy is just factually incorrect. If it were true there would be something done about it legally.

ZookeeperDub

https://www.boards.ie/discussion/comment/120989438#Comment_120989438

From the article

The worrying figure is twice as bad for cars imported into Ireland from the UK, where almost one in five have an unreliable mileage reading.

User1998

https://www.boards.ie/discussion/comment/120989764#Comment_120989764

Yes, like I said, less than 2/10, 18% to be precise. So thank you for proving my point further. The vast majority of cars imported from the UK are decent. According to your article, 18% are clocked, leaving 82% as not clocked. I would call that the vast majority. And lets not forget that according to your article, 1/10 Irish cars are also clocked. So UK imports are only 8% worse off?

Obviously written off cars are an issue too, but like I said, plenty of Irish cars are written off and repaired too, but SIMI doesn’t push that agenda on regular consumers like yourself

Henry Ford III

Cartell suggests otherwise....

"Latest research shows that around a third of vehicles being sold have some kind of hidden history issue that may not be disclosed during the sales process. It’s always wise to arm yourself with as much knowledge as possible in advance of purchase."

It also suggests 40% of cars written off are put back on the road.

User1998

https://www.boards.ie/discussion/comment/120989860#Comment_120989860

I’m not sure how that states otherwise? If anything it proves my point further. Plenty of Irish cars being crashed & repaired that the media doesn’t really talk about.

The poster seems to think that the majority of UK cars are clocked and that the Longmile Road is full of clocked cars.

Henry Ford III

https://www.boards.ie/discussion/comment/120989893#Comment_120989893

It certainly doesn't prove your point.

User1998

https://www.boards.ie/discussion/comment/120989912#Comment_120989912

What point does it prove then?