Need advice,

I placed a £1500 deposit on a brand new car last wednesday, the car was already built and is awaiting shipping from Germany.

now they have announced a drop in VAT, the VAT on mine currently sits at £6821.85 on the new deal it would have been £5847.30, so £974.55 difference

I dont want to loose that straight away without even having the car so

Am I entitled to the VAT reduction if my car is delivered after the VAT date (1 DEC), Or would I have to ty and get my £1500 back and re order afterwards

I have signed an order form with all the 17.5% figures on but it is now wrong anyway as they added £500 for supaguard I did not want which they have agreed to remove

deposit paid is already invoiced and therefore will incur 17.5% - if the remaining invoice is not issued until after 1st December then the remaining should be invoiced to you at 15%

Kaine

sorry, to make clear - the remaining invoice shouldn't be issued until the day of handover so as long as this is on/after 1st December it will be at 15%

that how i thought it would be


I think alot of shops will be quiet this weekend as joe public will wait for the prices to come down

Thanks for replies

I will speak to the sales manager tomorrow if they start playing up my business will go elsewhere

£46k is alot of business to loose

It's not an issue, if the invoice and car is delivered post 1st December the VAT rate will be 15%, you won't have a problem with the dealer. Perrys For New & Used Range Rover Sports

We also sell Full Fat Range Rovers

so whats this new car your buying then mate? q7 gone but not forgotten....
RRS coming soon...

As Kaine already stated:
The invoice date on the final invoice should be the day of benefit which is the day of the delivery and this is also the relevant date for the calculation of VAT so you do not have to pay the old VAT in the first place.

I happen to know that unfortunately since we had a 3% raise in VAT last year.


So, which car will you buy?

npinks wrote:

that how i thought it would be


I think alot of shops will be quiet this weekend as joe public will wait for the prices to come down

OOO spend £100 save £2.50 - not even my wife would use that as an excuse to spend If this is a financial rescue I'll eat my hat  Porsche Cayenne S Diesel 66 Plate

when you put it that way it doesn't sound alot

i was thinking more on the lines of the Plasma TV with £25 saving

I think you need to look at the bigger picture...

Interest rate cut means more money in your pocket if you have a mortgage (Not great for savers though but they don't want you to save, they want you to spend)

Protected savings (Ironically, especially if you are now with Northern Rock!!!)

VAT cut of 2.5% isn't exactly a headline grabber but it is ANOTHER tool with which Govts. can help to ease the burden on its people.

I'm far from defending the government, but it is fairer to take a balanced, overall view than just one thing in isolation.  Runner up - 2009 Best Avatar Award
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I guess if you can still afford to finance a 45K car in the current economic 'climate' then you havent really been affected at all

Wealth is but dung, useful only when spread

Well at least your government does something.


@Pelyma:
Are you married? To a woman? She must be Scottish then.
Mrs McBunny would use a saving of 0,01 Cent per 1.000 Pound shopping as an excuse to spend the 999,9999...

Yes I can confirm she is a woman - she's from oop North but not that far!

ST, the trouble is when people are scared of loosing their jobs 2.5% is not going to get you to spend; especially when shops are already lopping 20 - 30% off. I had a call from a mate today who sells plants, many are £1 - how much should he sell them for from December?

People would be better off working how much they are going to "save" this year and take a punt on some shares with that money  Porsche Cayenne S Diesel 66 Plate

Thanks for all the replies

I have spoken to the dealer and as I will be collecting it after the 1st I will be charged 15%

that will more than cover the cost of the detailing work im having carried out pre collection