Shipping cars to Ireland/elsewhere for more profit - jeff80

Is there profit to be made buying cars in mainland UK and shipping them out to Ireland or elsewhere?

I used to work as a trade plate driver and I was forever collecting vehicles from auctions and delivering them to docks – particularly Birkenhead for the ferry to Belfast. Given that the customers who ordered the vehicle deliveries will have been paying out quite a lot for both the deliveries and the ferries, I assume they must have sold for a considerably higher amount in Belfast to make it worth their while!

I am currently getting into buying and selling used cars and I am wondering if there is still profit to be made by shipping them out to Belfast/Dublin or anywhere else where I can make a larger profit?

Shipping cars to Ireland/elsewhere for more profit - Falkirk Bairn

Buying UK car and taking to NI is straight forward - same as buying car in England and selling in Wales or Scotland

Eire Complex -

Mr Google says

  • Importing a used car from the UK to Ireland can involve several costs, including customs duty (10% for vehicles manufactured outside the EU), VAT (23%), Vehicle Registration Tax (VRT), and potentially the NOx Emissions Levy.

  • 1. Customs Duty:

  • EU Origin:

    If the car was manufactured in the UK (a member of the EU until 2020), you may be able to claim UK preferential origin, which could reduce or eliminate the 10% customs duty.

  • Non-EU Origin:

    If the car was manufactured outside the EU (e.g., USA, Japan), a 10% customs duty will apply to the customs value of the vehicle.

  • Returning Goods Relief (RGR):

    If the car was originally manufactured in the EU, temporarily exported to the UK, and is now being brought back to Ireland, you may be eligible for RGR, which could reduce or eliminate the customs duty.

  • 2. Value Added Tax (VAT):

  • All vehicles imported into Ireland are subject to 23% Irish VAT.

  • 3. Vehicle Registration Tax (VRT):

  • The VRT is calculated based on the Open Market Selling Price (OMSP) of the vehicle and its CO2 emissions.

  • VRT rates vary depending on the car's CO2 emissions level.

  • 4. NOx Emissions Levy:

  • An additional NOx Emissions Levy may also be payable, depending on the vehicle's emissions.

  • 5. Other Costs:

  • UK VAT:

    Be aware that you may have already paid UK VAT (20%) on the purchase price of the car, so you may need to explore options for reclaiming it.

  • Foreign Exchange Fees:

    Account for any fees related to currency exchange.

  • Travel Costs:

    Factor in costs for flights, ferry/lorry transport, accommodation, and meals.

  • Car History Check:

    Consider conducting a car history check to assess the vehicle's history.

Shipping cars to Ireland/elsewhere for more profit - daveyjp

When in Belfast last year I noticed there were plenty of GB plated vehicles and Autotrader shows similar.

This suggests there is already a market for ex GB vehicles in NI and no one enters business not to make money. Getting to know the NI market and contacts both sides of the Irish sea will be key.

Dublin will be a different ball game.

Shipping cars to Ireland/elsewhere for more profit - Gibbo_Wirral

I'm on a few Merc SLK Facebook owners groups - including the buying and selling pages.

Whenever someone lists an SLK in the UK, there's always someone abroad who pipes up "this would be worth 3 to 4 times as much in xxxxx country".

Although prices are indeed much higher in Europe, would anyone really want a RHD UK spec Merc SLK?

Shipping cars to Ireland/elsewhere for more profit - SLO76
I see loads of transporters heading for the docks heading to Belfast full of used cars. It’s common to see NI buyers at Scottish auctions paying silly money for anything viable.
Shipping cars to Ireland/elsewhere for more profit - Terry W

Other possibilities:

  • the population of Northern Ireland is 2m vs 65m on the mainland. Simply because the market is so much smaller, the choice of vehicles may be much more limited
  • vehicles may be finding their way to Eire - they also drive on the left unlike the rest of the EU. There could be a financial benefit.
Shipping cars to Ireland/elsewhere for more profit - Falkirk Bairn

EU is mostly RHD

Malta & Cypris drive on the left

Shipping cars to Ireland/elsewhere for more profit - RT

EU is mostly RHD

Malta & Cypris drive on the left

Presumably you mean "EU is mostly LHD (right-hand traffic)"

Shipping cars to Ireland/elsewhere for more profit - Orb>>.

EU is mostly RHD

Malta & Cypris drive on the left

Presumably you mean "EU is mostly LHD (right-hand traffic)"

Which reminds me of the old joke when sweden changed sides for driving.

The Irish decided to do it. They would change cars one day and everything else the next day.

(with apologies for the resurrection)