Is VRT less on a CAT S damaged car?
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VRT
The question
If I buy a 'CAT S' damaged, but repaired car from the UK is the VRT cheaper on it because it is below market value?
Asked by Mick Fox ยท
Expert answer
Hi Mick,
Theoretically so, yes, as the VRT is calculated according to the OMSP (Open Market Selling Price) and that would be lower for a CAT S car. However, it may be that Revenue will estimate the car's value as normal and you then can appeal this with documentation. Not ideal, I know.
Answered by Shane O' Donoghue - Complete Car Adviser