Costs to import a Mustang from the States?
Good day,
I am planning to import a 1966 Ford Mustang from the USA into Ireland. I understand that I would pay a VRT fee based on the emissions of the vehicle, which, according to what I have read, would be 36% of the OMSP value. However, where can I find the market value? Is there any other important fee that I should assume within the import process? I appreciate very much your guidance on this matter as there is very little info regarding this matter.
Thank you,
Frank Garcia
Frank Garcia (Dublin)Oct 2019 Filed under: importing
Expert answer
Hi Frank,
The bad news here is that a 1966 Mustang probably has CO2 emissions similar to that of a medium-sized coal-fired power station. The good news, though, is that for any car that’s more than 30 years old, you pay a flat-fee VRT charge of just €200. Big sigh of relief all round, I expect. There are some other charges that you’ll have to pay, though, as the car is coming in from outside the EU. You’ll have to pay VAT and customs duty, but thankfully these are calculated on the actual price paid for the car, not the Revenue-calculated OMSP price, which makes things much more straightforward. Customs duty works out at ten per cent of the purchase price, and then VAT will be 23 per cent of the purchase price plus the shipping cost.
Neil Briscoe - Complete Car Advisor@neilmbriscoe