No Longer accurate..

Last edited by kam100 on Tue Apr 03 2007 1:01pm. Edited 1 time in total

From our friends at Deloitte & Touche:

Quote:

VAT Status and Used Cars

The use to which a car is put will determine its status for VAT purposes. In turn, that VAT status will determine whether VAT should be charged on the disposal of the car and hence whether there is any VAT available for recovery in the hands of a subsequent owner.

If VAT has been fully recovered on a car, that car will be “VAT qualifying”. If a qualifying car is sold VAT will be chargeable on its sale, and recoverable by the purchaser under the rules outlined above.

If input VAT recovery has been restricted on a car at any point in its life, that car becomes “Non-Qualifying”. VAT will not be due on the sale of a non-qualifying car.

As you well know, Kam, this doesn't mean a hill of beans to me... but the entire article is here:

http://www.cartax.co.uk/Articles/Article_When_Does_VAT_Matter.asp 

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In Supertrotter's post elsewhere advertising RRS's for sale on a big website, I notice that several of the cars being offered are VAT qualifying.......... I assume that they are dealer's demo cars that they are unable to sell the normal way. 2020 Pangea Green 1st Edition D240 New Defender 110 is here and loving it
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Tim in Scotland wrote:

In Supertrotter's post elsewhere advertising RRS's for sale on a big website, I notice that several of the cars being offered are VAT qualifying.......... I assume that they are dealer's demo cars that they are unable to sell the normal way.

Tim, this is the site where I bought mine.

They are all UK ordered, UK dealer supplied and UK Spec.

All are new and unregistered unless it states otherwise. You are the first registered owner and ours came with 7 miles on the clock.

Dealer demos don't generally tend to sit around. One dealer told me they have to keep them for a min. 3 months as they are given a write down cost from LR.

However, demand is so high that most just sell them at list after 1 or 2 months and presumably still get some write down cost from LR - Therefore profiteering! Runner up - 2009 Best Avatar Award
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06 RRS TDV6 HSE, Java/Ebony, PTI, Running Boards, Privacy, S/C Grille/Vents, Stormers, Tasmods - GONE - (

Yes, money-grabbing s these dealers... they don't call them stealers for nothing. I remember the fiasco over M5 demos when they first shipped. My local dealer had sold (and more to the point, been allowed to sell) their M5 demo before it even arrived at the dealership.... meaning that nobody could test drive one, even those that had been waiting 2 years for delivery! All got v messy...  

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Have got one of the accountants that work for us, on the case. There are differing rules concerning cars, so he is going to investigate it, nothing he has come across before to be honest. Its unusual for a trader to ask a private seller for a VAT qualifying vehicle.. its not like im a trader myself is it..

Yeah i had to pay list for my RRS and it was a 3 month old demo, well not technically a demo, a guy bought it, then decided he didn't want it on delivery day, after the car had been registered to him, (don't know how he got out of this..) but because it is such a high demand car, the dealership thought.. sweet another car to run as demo.. so kept it themselves, and decided to sell it as an ex demo, as that was what it was to be honest for the entire three months before i took it home with me.

I had to pay the list of £44.5k for the RRS.. but as it had 4k on the clock, i demanded privacy glass, which i got free (dealer fit) and the extras that were already on the car, i didn't have to pay for. Tracker horizon, mats, bluetooth etc.. so seemed ok to me considering i could have it there and then, and a lot of traders were premium selling back then!

RS4 which was also done in the same way as the M5, all demo's were sold pre delivery, so no drives, just showcased to customers in dealership for two weeks, so i saw it and sat in it.. but have had to wait till April 1st for my test drive, as that was when their new Avus demo RS4 was arriving.. now told it aint got there yet!!! blooody great.. even though i only ordered in January.. im still hacked off.. good thing i haven't even seen one on the road.. knowing my luck one of my neighbours would pull up in one or something..

kam100 wrote:

RS4 which was also done in the same way as the M5 .... good thing i haven't even seen one on the road.. knowing my luck one of my neighbours would pull up in one or something..

I have! I have!!!  

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I see one tuesday  RRS TDV6 Gone but still around
SL55 AMG
760Li Alpina
BMW 535D M Sport
BMW X6 XDrive35D
BMW 320D Coupe M Sport
And A Van For Rex!

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I love boobies i love boobies i love boobies cuz i'm a big kid now! (Come on everybody sing with me you know the words!)

So, it's just you then Kam And you've even paid money to own one!  

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It was a blue one that i see  RRS TDV6 Gone but still around
SL55 AMG
760Li Alpina
BMW 535D M Sport
BMW X6 XDrive35D
BMW 320D Coupe M Sport
And A Van For Rex!

WINNER - 2008's Idler Of The Year
WINNER - 2008's Comedian Of The Year
WINNER - 2008's Funniest Incident

I love boobies i love boobies i love boobies cuz i'm a big kid now! (Come on everybody sing with me you know the words!)

Mine was the same colour as Kam's, Daytona Grey... very nice it was too, as it disappeared off over the horizon  

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The one i see the guy was thinking he's the daddy then he see me and i droped it down in to 2nd as i went passed and give him a little blast. He he sad i know  RRS TDV6 Gone but still around
SL55 AMG
760Li Alpina
BMW 535D M Sport
BMW X6 XDrive35D
BMW 320D Coupe M Sport
And A Van For Rex!

WINNER - 2008's Idler Of The Year
WINNER - 2008's Comedian Of The Year
WINNER - 2008's Funniest Incident

I love boobies i love boobies i love boobies cuz i'm a big kid now! (Come on everybody sing with me you know the words!)

You young'uns with your anti social behaviour...  

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To right RRS TDV6 Gone but still around
SL55 AMG
760Li Alpina
BMW 535D M Sport
BMW X6 XDrive35D
BMW 320D Coupe M Sport
And A Van For Rex!

WINNER - 2008's Idler Of The Year
WINNER - 2008's Comedian Of The Year
WINNER - 2008's Funniest Incident

I love boobies i love boobies i love boobies cuz i'm a big kid now! (Come on everybody sing with me you know the words!)

Much respect to the Jay-Meister

By the way Jay, my best mate is test driving a CLK55AMG on Saturday.

I know it's not 'The Daddy' engine like yours and the E55 (Supercharged 476bhp) but still, a 5.5V8 with 380ish bhp (minus supercharger) and a sound like a NASCAR is a mouth watering proposition.  Runner up - 2009 Best Avatar Award
Joint runner up - 2009 Outstanding Contribution Award
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Runner Up - 2008 Comedian Of The Year Award
Runner Up - 2008’s Funniest Incident

06 RRS TDV6 HSE, Java/Ebony, PTI, Running Boards, Privacy, S/C Grille/Vents, Stormers, Tasmods - GONE - (