(1) Subject to section 380(1), this Part shall apply to a vehicle which is a mechanically propelled road vehicle constructed or adapted for the carriage of passengers, other than a vehicle of a type not commonly used as a private vehicle and unsuitable to be so used.
(2) In this Part, "the specified amount", in relation to expenditure incurred on the provision or hiring of a vehicle to which this Part applies, means - (a) €3,174.35, where the expenditure was incurred on or after the 16th day of May, 1973, but such expenditure does not include - (i) as respects sections 374, 375 and 377, expenditure incurred under a contract entered into before that day where either - (I) the expenditure was incurred within 12 months after that day, or (II) the contract was one of hire-purchase or for purchase by instalments, and (ii) as respects subsections (2) and (3) of section 378 and section 379, expenditure where the contract of hire-purchase or for purchase by instalments w
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