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bobfredstinker
Original Poster
550 posts
19 months
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Apologies, I'm sure you get a lot of these from useless people such as myself, but I'm wanting to import a new (showroom fresh) Mustang Boss 302 from the states in the next year or so, and need some help.
I've already done some research and know that I will need to pay VAT when the car arrives in the UK, I have had a shipping quote, and I know that Connecticut is the best place on the east coast when it comes to sales tax. However there are some other things I am unsure about.
Is there a way to avoid US sales tax and export it without registering it in the US?
Will dealers sort this out without you actually having to be there?
Are there any more import taxes on entry to the UK? (HMRC website is useless!)
Do I have to pay port fees?
I read the thread from the other day which spoke about converting it to be UK legal, so I'm ok with that bit.
Is there anything else I need to know that I have forgotten?
Thanks in advance.
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Roo
5,881 posts
76 months
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If the car is being sold untitled you will not be liable for sales tax provided you can prove the car is going for export.
Most US dealers won't sell cars this way as it's against their franchise agreements.
When the car gets here you'll be liable for 10% import duty on what you paid for the car. Add that to the price paid, plus shipping costs and then add 20% VAT.
Then factor in a few hundred quid in the US for transport and handling. The same here for customs clearance, unloading and CHAPs fees. Add a couple of grand more for conversion to UK lighting and testing and you've got a rough idea of the cost.
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Roo
5,881 posts
76 months
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Also, don't leave it a year or so.
The current car is due to change for '15 model year which will be out early '14.
Totally different car.
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LuS1fer
28,548 posts
114 months
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The next gen Mustang also looks like it will be more compact, more Ford worldwide design language, IRS and is likely to be sold worldwide too, replete with a turbo four in base guise for emissions purposes but still retaining the options of the 5.0 V8 and who knows, maybe even the 5.8 650hp lump too though whether these will come to Europe is anyone's guess.
Ford have made little secret of the fact that they are using the M3 as a yardstick for performance.
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bobfredstinker
Original Poster
550 posts
19 months
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Oh, that's interesting. I think I like the current one more than the sound of the new one. How does the importing process change if it is a used car? And what east coast dealers will do sales for export that you know of?
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Roo
5,881 posts
76 months
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No difference to the process between importing new or used.
If you buy a used car it needs to arrive in the UK in completely original spec or it will be a nightmare to register.
As for which dealers will export it's mainly a case of contacting a few to see who's prepared to do it.
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bobfredstinker
Original Poster
550 posts
19 months
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The VAT and import tax, do they both get added as a percentage of the base price of the car, or does the VAT end up being charged on the base cost+import tax (which would obviously make it more?
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Roo
5,881 posts
76 months
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Cost of car
+ 10% import duty based on car value
+ shipping
Add all that lot together and then add 20% VAT.
Then UK lighting conversion, IVA test, registration fee and road tax.
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bobfredstinker
Original Poster
550 posts
19 months
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So you end up paying VAT on the import tax and shipping cost?! Jeez, that seems a bit much!
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LuS1fer
28,548 posts
114 months
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bobfredstinker said: So you end up paying VAT on the import tax and shipping cost?! Jeez, that seems a bit much! Now you know why importers charge so much.
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ukcobra
36 posts
107 months
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If I recall, we have duty on fuel, and then VAT goes on top. So no different to other taxation methods.
I've never had to pay Sales tax on a car that I have exported. It's flushing money down the toilet and completely unnecessary. The challenge with a BOSS is finding a dealer that will work with you to allow you to not pay sales tax and export it.
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Roo
5,881 posts
76 months
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ukcobra said: I've never had to pay Sales tax on a car that I have exported. It's flushing money down the toilet and completely unnecessary. The challenge with a BOSS is finding a dealer that will work with you to allow you to not pay sales tax and export it. Correct about the sales tax.
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Twin Turbo
5,439 posts
135 months
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For an East Coast dealer, try Tasca Ford in Rhode Island http://www.tasca.com/Default.aspxI'd imagine trying to get a Boss out of any of them will be a struggle. Many are asking "market adjustment" fees....ie charging several thousand $ over list. I don't think Tasca do this, but bear it in mind. Also, the Boss is only scheduled to run for 2 years (2013 Model Year ie the current car, and last year's '12MY)....at the moment it's not clear if there will be any special edition (Boss/Bullitt/Mach1) for the final MY ('14) of the current car. As LV51FER says, it's then all change for the '15MY. If you want to save yourself the hassle, here's one (albeit a '12MY) already in the UK: http://www.pistonheads.com/sales/3316988.htm
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bobfredstinker
Original Poster
550 posts
19 months
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I had already seen that one, but decided it seemed awfully expensive, plus I want one in white.
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Roo
5,881 posts
76 months
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bobfredstinker said: I had already seen that one, but decided it seemed awfully expensive, plus I want one in white. That's about the right price for one by the time it's here and registered.
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