Maybe people could post some real VRT examples here (CO2 figures available at , current new cars prices at www.carzone.ie)
Here is an example for the BMW 116i ( a fairly low CO2 emitting car for its engine size):
BMW 116i
Before July 2008
Pre Tax €19,967
VRT@25% €4,992
€24,959
VAT@21% €5,241
Purchase Price €30,200
After July 2008
BMW 116i (CO2 139g/km)
Pre Tax €19,967
VRT@16% € 3,195
€23,162
VAT@21% €4.864
Purchase Price €28,026
The fact that the VRT changes are not coming in until July 1 could cause some interesting anomalies in the car market, e.g. Would garages be tempted to stock up in the short term on gas guzzlers, Where as anything environment friendly will not shift until July 1, Maybe garages will start discounting the lower emitting cars, ;-)
Here is an example for the BMW 116i ( a fairly low CO2 emitting car for its engine size):
BMW 116i
Before July 2008
Pre Tax €19,967
VRT@25% €4,992
€24,959
VAT@21% €5,241
Purchase Price €30,200
After July 2008
BMW 116i (CO2 139g/km)
Pre Tax €19,967
VRT@16% € 3,195
€23,162
VAT@21% €4.864
Purchase Price €28,026
The fact that the VRT changes are not coming in until July 1 could cause some interesting anomalies in the car market, e.g. Would garages be tempted to stock up in the short term on gas guzzlers, Where as anything environment friendly will not shift until July 1, Maybe garages will start discounting the lower emitting cars, ;-)