Still continuing to search for a nice ride, I found this LHD vehicle at Saxtons!

Nice looking car but £40,950 seams a bit steep for a two year old left hooker in the UK ,
I'd be looking to get a chunk off that but don't tell them you will take it abroad . 2008 MY Supercharged
Rimini Red / Jet
four zone climate
remote park heater
and no ugly kid windows.
magnus satis quod turpis satis

axle wrote:

Nice looking car but £40,950 seams a bit steep for a two year old left hooker in the UK ,
I'd be looking to get a chunk off that but don't tell them you will take it abroad .

Well, I would hope to get a LHD RR at that age for under £40k not over it, At two years ish it still have one year of manufacturers warranty left but any warenty Saxtons may pratend to put on won't be valid if it goes abroard to live .
As for VAT , if you can claim it back you will have to pay the local equivelant when you register in another country. Err I think anyway.
Good luck 2008 MY Supercharged
Rimini Red / Jet
four zone climate
remote park heater
and no ugly kid windows.
magnus satis quod turpis satis

Last edited by axle on 4th May 2010 5:53pm. Edited 1 time in total

I know about the VAT in my country, and I don't care that much for warranty! In Albania there's no such thing so I don't care if the car has it or not! Either way, I'll see what I can do! I'm not a big fan of Diesel engines, (in fact I hate them) but from what I've read the TDV8 is an amazing engine! 2000 BMW M5, Avus Blue/LeMans Leather Interior
2006 Range Rover Westminster Java Black

Hi, I've got the TDV6 which does the job fine, but I've also driven the 3.6 V8 and it is great on and offroad. It is noticeably quicker than mine and of course quite a bit more powerful. Steve

Main car : FFRR L405 Vogue SDV8
Other car : Vauxhall Lotus Carlton
Past cars : FFRR L322 Vogue TD6 SE (Sept 2006 MY07) ; LandCruiser SWB ; 4-Runner ; Supras; XJS V12 LeMans

As it is a 2nd hand car and they are not a LR dealer there will be no VAT on this car.

VAT can only be charged at initial purchase and on 'qualifying vehicles' Discovery 4 HSE
1998 110 TUM HS FFR Hard Top XD WOLF
1982 Series 3 Hard Top

*Gone:L462 D5 HSE LUX, L663 Defender 110 HSE, Discovery 3 HSE, 2014MY Range Rover Sport 5.0 Supercharged AB Dynamic; L405 Exec Vogue SE 4.4, 5.0 Supercharged Autobiography, Defender TDCi XS CSW, Defender TD5 HT, Vogue SE TDV8, Vogue TD6, RRSport SC 4.2V8, Classic 3.9 Vogue Auto, Land Rover Series 3 SWB

http://www.autotrader.co.uk/classified/adv...?logcode=p ====================================

"Open Mike Night " sounded like a lot of fun until i found out i was going to an Autopsy

OOOhh Mick, you are naughty ... I like that a lot !

@ RRUK

Thanks for the info concerning the VAT but in the ad it said it was a "VAT Qualifying Vehicle". Can anyone confirm that?

@ MICK

The G4 Looks nasty, but right now I'm looking something more urban leaned! (I'm not saying 22's and stuff but the G4 challenge truck is something I'd have as a 2nd vehicle; I was planning on getting an early 03 RR and build a proper offroad) 2000 BMW M5, Avus Blue/LeMans Leather Interior
2006 Range Rover Westminster Java Black

"VAT QUALIFYING"

The dealer does pay the VAT but then reclaims it as 'Input Tax' (this is different to not paying it). When the vehicle is sold the 'Output Tax' must be accounted for on the full sale price. Output Tax is calculated at 14.89 % of the gross sale price, otherwise known as the VAT fraction of 7/47.

Example for a 'VAT Qualifying' car.

Purchase price. £10000.00
VAT reclaimed, calculated at 14.89% or 7/47 (Input Tax). £1489.36
Net purchase price. £8510.64 (£10000.00 - £1489.36)

Sale price. £11000.00
Vat due on sale, calculated at 14.89% or 7/47 (Output Tax). £1638.30
Net sale price. £9361.70 (£11000.00 - £1638.30)

The total VAT paid by the dealer on this sale is therefore £148.94 (£1638.30 - £1489.36)

Why 14.89 % and not 17.5 %. Very simply because VAT at 17.5 % applies to the net figure and not the gross i.e from Input Tax example above, £8510.64 x 17.5 % = £1489.36

Now, if the car was a 'Margin Car' the dealer would pay 14.89% or 7/47 of the gross profit which is £1000.00 (£11000.00 - £10000.00). £1000.00 x 14.89 % = £148.94 and so the VAT due is the same for 'Qualifying' or 'Margin' cars.

There is no real benefit to the dealer long term with Qualifying cars and it is certainly not a tool to hoodwink private customers in any way shape of form at all, as has been cynically suggested. Qualifying cars can be of extreme benefit to some end users but not the dealers. However from a dealers point of view it can aid cashflow if significant values of Qualifying cars are purchased in one VAT quarter and sold in a later one as it can 'push back' the VAT liability down the line 3/6/9 months depending on when it will eventually 'catch up' (which inevitably it will !) At the end of the day the VAT paid by the dealer will be the same whether Qualifying or Margin but when it is paid is affected by the VAT status. ====================================

"Open Mike Night " sounded like a lot of fun until i found out i was going to an Autopsy

LHD cars go for more money than RHD on the whole,even in the UK.

Nappler wrote:

LHD cars go for more money than RHD on the whole,even in the UK.

The Saxton car has only 11k so could be a good one....

Saxtons are evil  Paul

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