The Irish Mitsubishi FTO Owners Club

Just trying to get my head around the VRT, does anyone know how this is worked out? Is it on the price of the car when it arrives in Dublin inc all import duties, shipping etc. Or is it on the invoice price


Cheers lads

declanc wrote:Just trying to get my head around the VRT, does anyone know how this is worked out? Is it on the price of the car when it arrives in Dublin inc all import duties, shipping etc. Or is it on the invoice price


Cheers lads

VRT is a certain percentage of the Open Market Selling Price (OMSP) of the car. The OMSP is determined by the Vehicle registration guys. It has nothing to do with invoice price, import duties or shipping, its a stand alone tax.

Importing -> cost of car + shipping = X
For outside of the EU, customs=10%, total X * 1.1
VAT payable at 21% on THAT total (incl the customs!!), total (X * 1.1) * 1.21
Then add VRT on top of that
total = ( (X * 1.1) * 1.21) + VRT

In effect, on a 95 FTO 2L (DE3A chassis) it can almost double the cost of buying the car and having it shipped to Dublin.

There's a vrt calculator online, https://www.ros.ie/VRTEnquiryServlet/ShowVRT.

Kev.

Declan, take a look at this topic which also explains the cost implications:

CJ

Cheers Lads,

Thats great help, a mate of mine is looking to import and just trying to work out if it's worth all the hastle! Ill let you's know how he get's on, he's trying to decide between a FTO or MR2!

declanc wrote:he's trying to decide between a FTO or MR2!

You know which gets our vote!

He always liked MR2's just as me with FTO's, but as soon as I got mine he couldn't believe the condition and shape of it for the year, so I think It'll be an FTO

my vrt on mine was 315 euros

Ronanc wrote:my vrt on mine was 315 euros

Explain please, we all know that somethings not right there!

CJ

Ronanc wrote

my vrt on mine was 315 euros

CJ wrote

Explain please, we all know that somethings not right there!

Nothing sinister here as far as I can see. Cyborg has chassis type CA4A. For a '93 with average miles the recommended OMSP is €1127 with VRT @ 25% = $315 pretty cheap.
Which goes to reinforce my belief that this type of car ...mirage/ lancer mivecs, levin, starlet GT, etc. Are way over priced in 'the trade' here, simply because people will pay more to get cheap insurance. I.e the price does not reflect so much the actaul value of the car, but more a falsely inflated insurance driven market Probably get cheap car + cheap insurance if you import yourself though