Effect of Budget on new cars ordered for Jan. reg. ?

B

battyee

Registered User
Messages
205
Am planning to trade in & order a new car for Delivery on Jan 1st. Rumours abound about likely increases in VRT, VAT or even both in the "Budget from Hell". It seems that if I get a trade in valuation now & pay a deposit that there is every likelihood that the new price on delivery date will be well over current list price & I will lose deposit if I back out. Any advice or opinions would be welcome.
 
Can you not wait until the budget is announced before making any plans to put a deposit down on a new car? Is there any reason why you need to take delivery of a new car on Jan 1st?
 
2 reasons I would say, 1, showing off eg ha ha I am alright jack and no recession worries, 2, having new car for the full 12 months. see reason one.

noah

ps buying a car in Jan means all the servicing slots are booked solid and who wants to take a car to garage in WINTER TIME, a lot of Irish people do!
 
It is not essential that I place a deposit (pre budget) on a new car for January delivery but I will need to change early next year. As a sizeable price increase seems likely I was wondering if there was a mechanism for finalising a fixed price deal now for 2011 reg. I would even consider paying in full on the day before the December budget if that would secure the deal on offer to me now.
 
Why do you assume that VAT and VRT will increase? A tiny increase in VAT 2 years ago proved totally counter-productive and had to be reversed last year.
 
Been speaking to friends in the motor trade who believe that increaces in VRT or VAT or even both are expected. Would like to think that they are wrong but I also read an article in the motoring columns at the week end that said something similar.
 
Been speaking to friends in the motor trade who believe that increaces in VRT or VAT or even both are expected. Would like to think that they are wrong but I also read an article in the motoring columns at the week end that said something similar.
Click to expand...
Won't this just collapse car sales completely? Scrappage deal gone, and an increase in taxes? Quite a double whammy.
Already I believe new cars are outrageously priced in Ireland, because of taxes.
 
3 things to consider here: Will the dealership be in business in 2011? Will dealerships in general be selling so many new cars in 2011 that you will need to pre order and place any deposit? Even if VRT and Vat do change will distributors and dealerships come under intense financial pressure and be forced to reduce base metal price of the cars?
Wait until the last week in March when dealerships are under pressure to reach 1st quarter targets and you get a much better deal.
 
Redhouse said:
3 things to consider here: Will the dealership be in business in 2011? Will dealerships in general be selling so many new cars in 2011 that you will need to pre order and place any deposit? Even if VRT and Vat do change will distributors and dealerships come under intense financial pressure and be forced to reduce base metal price of the cars?
Wait until the last week in March when dealerships are under pressure to reach 1st quarter targets and you get a much better deal.
Click to expand...


I would have thought the first quarter of the new year is when many of the garages would have the least problems meeting sales targets.
 
I would have thought the first quarter of the new year is when many of the garages would have the least problems meeting sales targets.
Click to expand...
I would expect that sales targets for the first quarter would be higher.
 
You must log in or register to reply here.
Back
Top