I've a quote of £15498 for a new ford galaxy 1.8 TD from Broadspeed. When I do the figures below I see there is a full €10k to be saved by buying in the UK. Wondering if I missed something.
Braodspeed price £15498
Less VAT @ 17.5% £13189.79
Convert to € = €14787.39
Irish Vat @ 21.5 % brings is to € 16025.59
VRT @ 24 % on OMSP of €34750 (dealer quote) = €8340
Total = € 24365.59
Retail prices aren't necessarily set by the dealers. There is a 1% margin for the seller on certain new BMW's....
garages have only themselves to blame for the crises they find themselves in. ... but hope they get everything they deserve in the coming months for the rip off they continue to visit on the Irish consumer.
VAT in the UK is now 15%, not 17.5%.I've a quote of £15498 for a new ford galaxy 1.8 TD from Broadspeed. When I do the figures below I see there is a full €10k to be saved by buying in the UK. Wondering if I missed something.
Braodspeed price £15498
Less VAT @ 17.5% £13189.79
Convert to € = €14787.39
Irish Vat @ 21.5 % brings is to € 16025.59
VRT @ 24 % on OMSP of €34750 (dealer quote) = €8340
Total = € 24365.59
I've a quote of £15498 for a new ford galaxy 1.8 TD from Broadspeed. When I do the figures below I see there is a full €10k to be saved by buying in the UK. Wondering if I missed something.
Braodspeed price £15498
Less VAT @ 17.5% £13189.79
Retail prices aren't necessarily set by the dealers. There is a 1% margin for the seller on certain new BMW's.
I don't condone car pricing practices in Ireland, but it isn't always as simple as blaming the garages, although if they can't make money selling new cars, guess what other charges need to rise in order to support the business?
That is correct. VRT first, then VAT.Am I wrong in thinking that VAT should be calculated after VRT? In other words you pay VAT on the whole price plus VRT.
Retail prices aren't necessarily set by the dealers. There is a 1% margin for the seller on certain new BMW's.
I don't condone car pricing practices in Ireland, but it isn't always as simple as blaming the garages, although if they can't make money selling new cars, guess what other charges need to rise in order to support the business?
VRT @ 24 % on OMSP of €34750 (dealer quote) = €8340
Can someone tell me how VRT is calculated? and what omsp is?
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