Vrt get cheaper going into a new year?

massey265 · 23-11-2014 9:46pm #1

Bought a northern reg 08 car today and just wondering if I were to wait till January to clear it would the vrt be cheaper then as it would be a year older as such. Thanks in advance.

liam7831 · 23-11-2014 9:47pm

massey265 wrote: »

Bought a northern reg 08 car today and just wondering if I were to wait till January to clear it would the vrt be cheaper then as it would be a year older as such. Thanks in advance.

No its valued on the book price, so there will be no reduction on it after Jan 1st

NIMAN · 23-11-2014 11:08pm

Are you not meant to clear it inside 30 days?

biko · 24-11-2014 6:50am

Yes, you can't buy now and vrt at any time you like.

http://www.revenue.ie/en/tax/vrt/faqs-vrt.html#question11

Under current legislation, you are obliged to register your vehicle within the 30 day limit. If you fail to register your vehicle within 30 days of the vehicle entering the State, you risk having the vehicle detained.

Vrt probably won't change much anyway after new year.

massey265 · 24-11-2014 7:03am

Detained by our crooked lot in the dail with their illegal tax.. what date do they work on the invoice date?

lomb · 24-11-2014 7:12am

It actually does get much cheaper on the 1st Jan eg something with vrt of 3k would be 2.5k on 1st jan. They work off day it is vrted afaik.

lifer_sean · 24-11-2014 10:17am

lomb wrote: »

It actually does get much cheaper on the 1st Jan eg something with vrt of 3k would be 2.5k on 1st jan. They work off day it is vrted afaik.

Not necessarily true. I've seen cases where VRT went UP in January, not down.

@OP, what is the current OMSP of the car you are looking at, per the Revenue website ? How does it compare with a realistic market value ? If it's correct / high, then it might come down in January. If the OMSP is a bit on the low side, there is a reasonable chance it will go up, to bring it into line with actual market pricing.

The Revenue seem to update VRT prices once a month throughout the year, so it's not like there will be a massive step in January anyway.

lomb · 24-11-2014 9:02pm

It definately gets a lot cheaper as Ive kept an eye on vrt on various cars over a couple of years and if checked on the 31.12 its say 3100 vrt and on the 1.1 its been say 2400. That's a drop of 20% which means its a lot more than a months drop would be. Theres no doubt Id wait till the 1st. I bought a 08 Passat 3 years ago in mid Dec and was vrted in Jan and the lower Jan price was definitely the one paid.
There may be odd exceptions where OMSP is lower than it should and they correct it in Jan but wouldn't think it common.

Vrt get cheaper going into a new year?

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