buying a car in England

S

StaroftheSea

Registered User
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Hi,
I'm thinking of moving to England to work for one year, and I was wondering if I could buy a new car over there and use it while there, bring it back next year an sell it and make some money??! Whats the situation with VRT and all that? I believe that if you live in England for a certain period of time then you don't have to pay VRT....is this correct and how would it work??
thanks!
 
As far as I know you have to own the car for a minimum of two years before you can bring it in VRT free.
 
Hi
This is true, in a way. You need to own the car in UK for at least 6 months, while also being able to prove that you were resident there during that time (involves bank statements/rental agreements/salary statements/various combinations of things to prove you were living there/and things to prove that you've moved back also. This is quite involved, and you need a significant amount of documentation, I suggest working out what you will need in advance, so you can keep all the documentation you need), and then you can't sell(or insure anyone else on it, as far as I remember) it for a period of 12 months after it has been registered here (or when the documents get processed, and sent back to you. For me, this was several months after I had sent all the paperwork through)
Here is the info re this:
http://www.citizensinformation.ie/c...r_into_ireland/?searchterm=vrt importing cars
So minimum of 18 months from start to finish, more likely more than that, as suggested by Gregngra,but only 6 months abroad are required.
Check out new VRT regulations before embarking on this though to see what you will save. I saved several thousand on VRT legitimately by doing this while living abroad.
Hope this helps

Nicola
 
Before buying I recommend looking at the revenue site and entering the details of the vehicle to find out what the VRT is going to be.
I was going to get an 88 golf for daughter which would have cost £200.00 with years MOT. Expected to be taxed at 25% max €50 - € equivalent.

The revenue place their own value on the vehicle - in this case they valued it at € 600.00 and the VRT was €300.00 +. So that plus the road tax and DOE inspection (MOT is not recognised you have to get a DOE cert which is fair enough) would have meant somewhere in the region of another € 600.00 or so on top of the purchase price. Can't remember exactly what the road tax and DOE costs were the value and VRT though I will never forget.
Good luck with it anyway
 
anjest said:
Before buying I recommend looking at the revenue site and entering the details of the vehicle to find out what the VRT is going to be.
I was going to get an 88 golf for daughter which would have cost £200.00 with years MOT. Expected to be taxed at 25% max €50 - € equivalent.

The revenue place their own value on the vehicle - in this case they valued it at € 600.00 and the VRT was €300.00 +. So that plus the road tax and DOE inspection (MOT is not recognised you have to get a DOE cert which is fair enough) would have meant somewhere in the region of another € 600.00 or so on top of the purchase price. Can't remember exactly what the road tax and DOE costs were the value and VRT though I will never forget.
Good luck with it anyway
Click to expand...

1/. VRT is not 50%. Under the current scheme it's maximum rate is 30%.

2/. DOE applies to commercial vehicles. NCT applies to cars.
 
just read your reply yes doe is only for vans and commercial NCT is cars. Your statement ref VRT I also thought it was only around 25-30% when entering the car details on theVRT web site the sum given was as I said. Since then I have registered a ford escort estate value given by VRO was € 1250.00 tax was € 640.00 FACT paid for and both quotes obtainsd from the relevent VRT site.
 
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