What Determines Your Car's Value?
- ✓Make & Model: Base market value for the spec.
- ✓Age / Year: Depreciation applied based on registration date.
- ✓Mileage: High mileage can reduce OMSP.
- ✓Condition: Only excellent condition is assumed by Revenue initially.
OMSP Fluctuation & Seasonal Impact
Monthly Revenue Adjustments
Revenue's OMSP database is not static. Valuations are typically adjusted on the 1st of every month. If the used car market in Ireland sees a price surge (common in Spring), your vehicle's OMSP—and therefore your VRT—could increase even if the car is a month older.
The "30-Day Rule" Benefit
Once you receive a VRT quote during your appointment, it is typically valid for 30 days. However, if a new month starts before you pay, you may be subject to the updated (higher or lower) OMSP. Always aim to register in the same month you bring the car into the State.