Chris Harris's new loan car

[Davey S2]

For the next 3 months apparently.

[PGM]

I'm not at all jealous, no.

[Diablos-666]

That rear reminds me of the hats the Nazi's used to wear during WW2

Anyway, I'm not jealous either... well maybe just a 'lil

[joncon]

i had a go in that last month, its awesome.
so well put together for a prototype,
beautiful motor car !

[tony wright]

Seriously thinking of buying this car.

I live in Germany but would buy a RHD, full UK Spec model. I would also be able to buy it tax free and save over fourteen grand from the Eighty Five their asking. My thoughts would be to replace it every twelve months with a new one, this way it would always be under warranty, would not need a service and I wouldn't have to buy any consumables. Question is though do you think the residuals will allow this with the fourteen grand saving in tax?

[RedMorgan]

See this.
Standard rate in Germany is 19% I believe.

http://www.hmrc.gov.uk/vat/sectors/consumers/perso...

Sending your motor vehicle to another EU country from the UK

If you buy a new motor vehicle in the UK to take to somewhere else in the EU, you'll have to pay VAT on the vehicle in the other country when you arrive there. You won't have to pay UK VAT when you buy the car if you tell the supplier that you will be taking the vehicle to another country within the EU; you complete form VAT 411, which the supplier will give you; and you agree to do all three of these things:

you or your authorised driver personally take delivery of the new vehicle in the UK
you export it within two months of its supply to you
you and your supplier complete and sign form VAT 411 and send it to the address on the form

If you sell a new vehicle to someone who is moving to another EU country within two months, you may be entitled to a refund of VAT. This only applies if you aren't registered for VAT in the UK, and you can demonstrate that you have paid UK VAT on the vehicle.

Obtain form VAT 411 New Means of Transport

Find out about exporting vehicles from the UK to other EU countries in VAT Notice 728

[tony wright]

Thanks for the reply, sorry I should of made myself a little clearer. I have no problem with the export details and know the system very well.

I will buy a RHD, UK spec car, from the UK and return it to the UK to sell 12 months later. As long as the car is out of the UK for over 6 months, whoever buys it will not be liable for any tax. So the question was, with the +fourteen thousand saving on the original purchase do you think I would get enough back on the car to then buy another new tax free one and repeat the process.

Sorry, should of mentioned that the whole reason for the question is due to never owning a Morgan, so I have no idea of there residuals, albeit I'm informed there quite good.

Edited by tony wright on Thursday 26th January 20:10