What is OMSP Calculator?
OMSP Calculator is a tool which find the price of vehicle in Ireland on which a motor is buy or sell in the open market. This rates are important because it plays a important role in estimating the Vehicle Registration Tax (VRT).
Now why the Open Market Selling Price is important? The reason is Revenue Commissioners of Ireland. They want to take VRT from owners when they are registering a Vehicle. Now OMSP is not for all category motors it includes:
- Category A Vehicles
- Category B Vehicles
How to Calculate OMSP?
To calculate OMSP you must know some of the important information about your Vehicle:
- Vehicle Type
- Base Market Price
- Depreciation factor
- Registration Date or Age in Years
- Mileage Impact
Formula to Calculate OMSP:
OMSP = Base Market Price – (Depreciation Factor × Age in Years) – Mileage Impact
You must know these above information of you vehicles, to do it automatically you just enter the values in this web tool and it will show you instant results.
How to use this Calculator?
- Enter your Vehicle Category.
- Enter the Base Market Price of Vehicle.
- Then select when you buy or register the vehicle.
- Provide the Mileage (in KM) if applicable.
- Select your Fuel Type, which you can calculate with Fuel Price Calculator.
- If you calculating for Category A vehicles then enter CO₂ Emissions (g/km).
- For category B vehicles you need to select the type of vehicle also.
- Click on Calculate Button and it will calculate OMSP for you.
Why Use This OMSP Calculator?
If you are lookin for instant results and accurate we made this calculator for you. If you thin we need to do some more changes in this calculator please contact us we will work on your ideas.
We made this calculator fast, accurate and reliable. Our online calculator is mobile friendly and fully Responsive to use with quick calculation.
Frequently Asked Questions (FAQs)
Q1: Is OMSP the same as OMV?
No, OMSP is the market value for taxation, while OMV (Open Market Value) refers to vehicle’s market price without tax considerations.
Q2: Does OMSP include VRT?
No, it is used to calculate VRT, but it does not include the VRT itself.
Q3: How to get VRT and OMSP ahead of time?
You will use OMSP Calculator or check similar vehicle listings. VRT can be calculated using vrt-calculator.com.
Q4: Can I manually calculate OMSP without this tool?
Yes, but using this calculator easy the process and provides an accurate result
Q5: How often does OMSP change?
The OMSP changes based on market trends, vehicle demand, and depreciation rates.
Conclusion:
Overall, by using our OMSP calculator it is easy for Irish people to calculate the Open Market Selling Price, which helps to them in calculating VRT Cars and other vehicles. Just by entering few details our tool will save your time and provide you efficient results.