VRT and NOx

[Roberto]

Apologies, clarification accepted!

[hooch]

Random one - I just checked the VRT on a Golf R the same spec as my own (151/manual/ 60k miles) and it's gone up nearly €500 since December when I bought mine and as far as I know that doesn't include nox? Thought it would be coming down but they seem to have adjusted the omsp upwards. Good for used values here I guess.

[dergside]

Random one - I just checked the VRT on a Golf R the same spec as my own (151/manual/ 60k miles) and it's gone up nearly €500 since December when I bought mine and as far as I know that doesn't include nox? Thought it would be coming down but they seem to have adjusted the omsp upwards. Good for used values here I guess.

Aaah, there's an interesting one, and I just happen to have figures to help answer it. There are two factors at play in this case.

Firstly, the original OMSP has been increased to account for the NOx levy - the point I was making in my first post in this thread - the NOx figure for a 151 manual R seems to be 50mg/km as far as I can tell - so the NOx levy appropriate is €250. Last year the original OMSP was shown as €48384 and if you check today its shown as €48634. If you do the mat, thats an increase of €250 - equivalent to the NOx levy.

The second factor is something I alluded to earlier as well. Every car on the Calculator is assigned a Depreciation Code - you'll see it in the Breakdown of VRT Calculation section of the page - its a single alpha and single numeric, e.g. A1. If you look at the Revenue document that's linked a few posts back, one of the sections looks at the Depreciation Tables. Revenue look at price guides and get feedback from the trade, guesstimate, etc. to gauge the value of a particular model for any given year - not entirely clear what the details of that process is but it probably equates to something like the Self Estimate form details in the same link. When they have values for different years they calculate the percentage residual values (against the original OMSP) and they then take these figures and see which depreciation code on the table that this pattern is the closest match, and voila, there's the Depreciation Code.

So far, so good, except that they review these values from time to time and adjust them (both up and down as appropriate, in fairness to them) as the market moves.

So, to directly answer your question:
- in December 2019 the R was assigned Depreciation Code of D1, indicating that the value they placed on it was 48% less than the original OMSP (but there's another little complicating factor that I won't go in to now that means the actual depreciation value used was just a little bit over 50%) - so the OMSP was €23902, the VRT rate was 27%, so the VRT was ~€6453.
- Revenue changed the Depreciation Code in January to B1 and the depreciation rate for a 2015 B1 car, according to the table, is 49% less than the original OMSP (or, in fact the slightly adjusted original OMSP that now includes the NOx levy), although, again, the actual real depreciation rate to today is closer to 47.5% less than original OMSP - so the OMSP today is €25547, the VRT rate is still 27%, so the VRT you would be charged today is ~€6897.

Simples!

[hooch]

Impressive work, you're fairly spot on with the December 19 valuation and VRT! So is NOX charge on top of the current calculation or included?


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[dergside]

So is NOX charge on top of the current calculation or included?

I did a little bit of digging to see that I hadn't missed something or misunderstood when I spotted this, but I can't find anything that suggests anything other than that the NOx levy is charged separately, and in addition to, the VRT. In the case of the R, €250, its probably not a decision changing amount, but it kills the idea of a nice E60 or early F10 530d or 535d.

[Obriener2054]

The Nox killed my chances of buying an early 640d from the UK

That and the poor exchange rate

Put it off til next year and hope to go to 2015 and euro6, whether something else changes in the mean time I’m sure it will

Back to buying in Ireland lol

[Don B]

Nox is a separate calculation

[dergside]

Back to buying in Ireland lol

There are still plenty of opportunities, but you just need to be careful for a bit because its easy to go wrong and get burned. Re. 640d, have a look at a 640i, etc. IIRC its only one VRT rate group up from the diesel and NOx levy is a fraction of the diesel. They're not as common, so UK pricing can be a bit less competitive, but don't be put off entirely!

[Obriener2054]

Diesel suits me at the moment, though I looked at the petrols

Tax is a lot more and I’d look at the 650i first, and hard to buy petrol without saying buy the m6 lol

[Ketron]

Damn, so chances are people will pay more even if their overall model is on the VRT calculator. For example, I'm currently looking at a M Sport Plus but in the calculator, it only lists M Sport.

Oddly enough I was expecting to get hit with add ons due to the F10 being relatively high spec and has a couple of pricey options. I paid exactly what was quoted on the vrt calculator.