This week's EV bargain that I'm not buying

unkel

£23k Tesla

Asking £23,900, private sale. I'd say he will not refuse a £23k serious offer. That is pretty incredible. It's white with black wheels, which looks rotten imho and it has nearly 300k km on the clock, but it's still a Model S and it's a bargain.



Linky


Key question here: how much would that be landed on Irish plates now?

drunkmonkey

Milage is too high, I'd go the extra few quid and get the one with a new battery https://www.autotrader.co.uk/car-details/202012307515340?advertising-location=at_cars&postcode=EH11%204EP&sort=price-asc&page=3&make=TESLA&include-delivery-option=on&onesearchad=Used&onesearchad=Nearly%20New&onesearchad=New

NIMAN

That Tesla is now in the wrong thread Unkel, its no longer a bargain being a UK car.

Anyway, only a few folk on here would consider a 7yr old car with 172,000 miles for £23,000 a bargain, even before taxes and import duty was to be added.

unkel

NIMAN wrote: »

That Tesla is now in the wrong thread Unkel, its no longer a bargain being a UK car.

Anyway, only a few folk on here would consider a 7yr old car with 172,000 miles for £23,000 a bargain, even before taxes and import duty was to be added.

Well that was my question, innit? How much is that £23k Tesla now landed here?

slave1

As that Tesla has had just the one owner it would deffo be worth reaching out and seeing what repairs/replacements have been carried out.
Would not be put off by mileage, AP1 and low price

graememk

unkel wrote: »

Well that was my question, innit? How much is that £23k Tesla now landed here?

At a guess.

Assuming stg at 1.12 and revenue valuing it at 23k stg.10% duty,21% vat.
34286 + vrt ( which would be zero, because of the rebate)

Black_Knight

graememk wrote: »

At a guess.

Assuming stg at 1.12 and revenue valuing it at 23k stg.10% duty,21% vat.
34286 + vrt ( which would be zero, because of the rebate)

Yup. Thought low 30s myself. Not a bargain at all so

McGiver

unkel wrote:

Asking £23,900, private sale. I'd say he will not refuse a £23k serious offer. That is pretty incredible. It's white with black wheels, which looks rotten imho and it has nearly 300k km on the clock, but it's still a Model S and it's a bargain.

What's the battery degradation with 300,000 km??? Anyway too find out with Tesla?

unkel

Black_Knight wrote: »

Yup. Thought low 30s myself. Not a bargain at all so

The cheapest Model S for sale in Ireland (also a 2014) is now asking price €43k though. So a very substantial saving.

McGiver wrote: »

What's the battery degradation with 300,000 km??? Anyway too find out with Tesla?

Hopefully it is really bad. It's under Tesla warranty until some time next year. Would be nice if it was replaced by Tesla for free :pac:

slave1

I'd say there's s fair chance that battery mas been replaced, hence if seriously interested reach out to seller

Black_Knight

unkel wrote: »

The cheapest Model S for sale in Ireland (also a 2014) is now asking price €43k though. So a very substantial saving.

I don't expect anyone to offer 43k for it any time soon. The UK one might be cheaper, but that doesn't always mean it's a bargain. Lovely for those who own an S at the moment, they depreciation should slow down greatly.. until the warranty runs out.

unkel

Yeah I can't say I disagree with any of that Black_Knight. There's no way I'd pay €33k for that white Tesla. It's the cheapest Model S that I have ever seen for sale in the UK though by a long shot, but I guess because of brexit, the taxes to bring it in here are not worth it. Pre-brexit you could have landed that car here for €26k. Now that would have been a bargain alright...

TheWonderLlama

unkel wrote: »

Well that was my question, innit? How much is that £23k Tesla now landed here?

TheWonderLlama

graememk wrote: »

At a guess.

Assuming stg at 1.12 and revenue valuing it at 23k stg.10% duty,21% vat.
34286 + vrt ( which would be zero, because of the rebate)

Bold assumption that the OMSP for VRT purposes isn't substantially higher.


My guess is the revenue would value that at €45k min.


45k @ 17% = 6,300
less rebate = 5,000
VRT 1,300.

ELM327

There's no rebate anymore I thought.
VRT is 7%.

TheWonderLlama

you're right,

VRT relief is tapered for BEVs and new rate is 7%

You'd think revenue would update their page.

https://www.revenue.ie/en/importing-vehicles-duty-free-allowances/guide-to-vrt/calculating-vrt/electric-and-hybrid-vehicles.aspx


So to re-calculate,

OMSP = 45k
VRT@7% = 3,150
Taper (45k-40k *50%) = 2,500
VRT relief = 5k -2,500 = 2,500

Net VRT €650.

I think.

drunkmonkey

So would the VRT be similar on this chancey model 3, they've have to reduce it due to it being a CAT S.
https://www.usedcarsni.com/279553571

unkel

drunkmonkey wrote: »

So would the VRT be similar on this chancey model 3, they've have to reduce it due to it being a CAT S.
https://www.usedcarsni.com/279553571

Spotted that car last night on AT. Cheaper over there than in your link and I'd say there is still plenty room for negotiation on that

drunkmonkey

I see it there now https://www.autotrader.co.uk/car-details/202101188106665?advertising-location=at_cars&is-quick-search=TRUE&postcode=EH11%204EP&model=MODEL%203&sort=price-asc&page=3&make=TESLA&include-delivery-option=on&onesearchad=Used&onesearchad=Nearly%20New&onesearchad=New&advertClassification=standard , and he's looking for an EV Trade in, hard to value that car, cat S it must have been light damage it was hardly stolen.

What value would you put on it...40k? I doubt it would be bought for it.

McGiver

TheWonderLlama wrote: »

you're right,

VRT relief is tapered for BEVs and new rate is 7%

You'd think revenue would update their page.

https://www.revenue.ie/en/importing-vehicles-duty-free-allowances/guide-to-vrt/calculating-vrt/electric-and-hybrid-vehicles.aspx


So to re-calculate,

OMSP = 45k
VRT@7% = 3,150
Taper (45k-40k *50%) = 2,500
VRT relief = 5k -2,500 = 2,500

Net VRT €650.

I think.

So bloody complicated. And they start tapering it when there's less than 1% EVs on the road, that's nearly criminal.

Norway with 20% EV penetration and 50%+ EV car sales didn't taper anything in terms of their very old VAT and "VRT" exemption.

unkel

McGiver wrote: »

So bloody complicated. And they start tapering it when there's less than 1% EVs on the road, that's nearly criminal.

Probably deserves it's own thread. But I guess with the VRT and NOx fines for bringing in cancerous diesels now dried up, the government wants to make up for it somewhere. Agreed a hefty increase in VRT and motor tax for new diesel cars (think minimum 30% VRT, minimum €1000 motor tax) while leaving alone the previous €35k cap on zero VRT for pure EVs would have been better

liamog

McGiver wrote: »

So bloody complicated. And they start tapering it when there's less than 1% EVs on the road, that's nearly criminal.

It's not that complicated and it makes a lot of car's cheaper. Pretty much anything with a 31k to 42k on the road price received a benefit from the VRT drop.

https://www.boards.ie/vbulletin/showpost.php?p=114945857&postcount=145

drunkmonkey

The model 3 performance had light damage on the back left in the first 200 miles, 5000k up on it since with no issues, Tesla won't honor the warranty which is an awful pity.
What's it worth...

unkel

LOL, no warranty and no supercharging either then? Worth far, far less than the asking price imho.

ELM327

unkel wrote: »

LOL, no warranty and no supercharging either then? Worth far, far less than the asking price imho.

Not no supercharging, just no warranty


The no supercharging for salvage title cars only applied to S/X and usually not outside NA.

kaahooters

drunkmonkey wrote: »

The model 3 performance had light damage on the back left in the first 200 miles, 5000k up on it since with no issues, Tesla won't honor the warranty which is an awful pity.
What's it worth...

isnt that where the charge port is located?

unkel

ELM327 wrote: »

Not no supercharging, just no warranty


The no supercharging for salvage title cars only applied to S/X and usually not outside NA.

I would want that in writing from Tesla before I'd even consider buying that car!

graememk

TheWonderLlama wrote: »

Bold assumption that the OMSP for VRT purposes isn't substantially higher.


My guess is the revenue would value that at €45k min.


45k @ 17% = 6,300
less rebate = 5,000
VRT 1,300.

Should have said I was giving a "best case"
People have successfully appealed the vrt valuation.

Now the next curve ball, what do you pay vat and duty on? What you paid or revenues value?

Will never be worthwhile to bring one in now.

unkel

VAT and duty is on what you actually paid. But you also pay it over the transport and insurance cost to get the car here.

TheWonderLlama

You might think that but revenue are saying the VAT and Customs Duty (if applicable) is based on the "import value" of the car. Another opportunity for them to pick a random number out of the air and let you fight them.