Cayman - How to hold max value? Extras?

[mollytherocker]

Trev450 said:

So the 25-30 percent depreciation that a car typically attracts in the first year is not influenced by vat?

Correct.

[Adam B]

Trev450 said:

So the 25-30 percent depreciation that a car typically attracts in the first year is not influenced by vat?

I think you've cracked it, YES!

Let's take an in-demand car, dealers can sell every one they get in stock, but not at a premium.

If that car costs £50k brand new, and is sold after being a day old what's it worth? It's value will be considered vs a new one because its the only comparison, and that comparison is worth £50k because that is what it costs (not £40k ex VAT)

VAT is totally irrelevant

With a normal car being sold after a day, its value will be £50k less the perceived value of being the first owner and being able to spec it exactly as you want.

Edited by Adam B on Tuesday 11th August 00:19

[Trev450]

Adam B said:

Trev450 said:

So the 25-30 percent depreciation that a car typically attracts in the first year is not influenced by vat?

I think you've cracked it, YES!

Let's take an in-demand car, dealers can sell every one they get in stock, but not at a premium.

If that car costs £50k brand new, and is sold after being a day old what's it worth? It's value will be considered vs a new one because its the only comparison, and that comparison is worth £50k because that is what it costs (not £40k ex VAT)

VAT is totally irrelevant

With a normal car being sold after a day, its value will be £50k less the perceived value of being the first owner and being able to spec it exactly as you want.

Edited by Adam B on Tuesday 11th August 00:19

Interesting.