'BrExit' and LHD Euro import implications...
Discussion
Just a thought as I know there are many of us who look to Europe for cars...
Anyone thinking of buying LHD from Europe should be aware of the pending 'BrExit' vote that could happen as early as July. If we do pack up and leave, overnight the possibility of buying / importing from Europe becomes a whole lot more complex and crucially expensive (assuming we become a trading partner aka Switzerland / Scandi countries). Anyone looking to purchase may be wise to do so sooner rather than later.
Could even argue it makes the current imported stock more valuable due to less accessible stock.
Anyone thinking of buying LHD from Europe should be aware of the pending 'BrExit' vote that could happen as early as July. If we do pack up and leave, overnight the possibility of buying / importing from Europe becomes a whole lot more complex and crucially expensive (assuming we become a trading partner aka Switzerland / Scandi countries). Anyone looking to purchase may be wise to do so sooner rather than later.
Could even argue it makes the current imported stock more valuable due to less accessible stock.
cgt2 said:
Not sure it will be such a huge issue, plenty of cars come and go from Switzerland with only a slight amount more paperwork than from an EU country. Many people in fact prefer Swiss cars due to their better condition.
+ the import duty that will have to be paid over the current zero amount.Slickhillsy said:
Just a thought as I know there are many of us who look to Europe for cars...
Anyone thinking of buying LHD from Europe should be aware of the pending 'BrExit' vote that could happen as early as July. If we do pack up and leave, overnight the possibility of buying / importing from Europe becomes a whole lot more complex and crucially expensive (assuming we become a trading partner aka Switzerland / Scandi countries). Anyone looking to purchase may be wise to do so sooner rather than later.
Could even argue it makes the current imported stock more valuable due to less accessible stock.
I'd say the decreasing supply will be balanced by a decreased, local, demandAnyone thinking of buying LHD from Europe should be aware of the pending 'BrExit' vote that could happen as early as July. If we do pack up and leave, overnight the possibility of buying / importing from Europe becomes a whole lot more complex and crucially expensive (assuming we become a trading partner aka Switzerland / Scandi countries). Anyone looking to purchase may be wise to do so sooner rather than later.
Could even argue it makes the current imported stock more valuable due to less accessible stock.
Slickhillsy said:
cgt2 said:
Not sure it will be such a huge issue, plenty of cars come and go from Switzerland with only a slight amount more paperwork than from an EU country. Many people in fact prefer Swiss cars due to their better condition.
+ the import duty that will have to be paid over the current zero amount.With the FX tanking against the euro, would have been wise to buy LHD around the time you posted this.
Im interested in seeing what the out come will be, if we stay, the sterling should bounce back leaving euro cars back where they were 6 months ago. If we leave i think the sterling will take a hammering, but i am not sure what will become of all the rules and regulations. Will be interesting to see what does happen, along with the impact on economy/asset prices etc.
Im interested in seeing what the out come will be, if we stay, the sterling should bounce back leaving euro cars back where they were 6 months ago. If we leave i think the sterling will take a hammering, but i am not sure what will become of all the rules and regulations. Will be interesting to see what does happen, along with the impact on economy/asset prices etc.
We will not vote to leave so not an issue.
Or, look at it another way, if we do vote to leave the likely chaos in Europe from our departure - as the pent up frustrations of other countries finally erupt and the fragility holding the union together blows it apart - will render the car market for exotics a wasteland for many years.
PS: If you think I am a fan of the EU I'm not, far from it. It is become bloated and comprises political "oligarchs". However the EU IMO has become a House of Cards and we unfortunately are one of the few cards holding it up. It needs reform from within.
If it falls, we will be hit hard, it's inevitable. Import implications might become a little academic.
Or, look at it another way, if we do vote to leave the likely chaos in Europe from our departure - as the pent up frustrations of other countries finally erupt and the fragility holding the union together blows it apart - will render the car market for exotics a wasteland for many years.
PS: If you think I am a fan of the EU I'm not, far from it. It is become bloated and comprises political "oligarchs". However the EU IMO has become a House of Cards and we unfortunately are one of the few cards holding it up. It needs reform from within.
If it falls, we will be hit hard, it's inevitable. Import implications might become a little academic.
Camlet said:
We will not vote to leave so not an issue.
Or, look at it another way, if we do vote to leave the likely chaos in Europe from our departure - as the pent up frustrations of other countries finally erupt and the fragility holding the union together blows it apart - will render the car market for exotics a wasteland for many years.
PS: If you think I am a fan of the EU I'm not, far from it. It is become bloated and comprises political "oligarchs". However the EU IMO has become a House of Cards and we unfortunately are one of the few cards holding it up. It needs reform from within.
If it falls, we will be hit hard, it's inevitable. Import implications might become a little academic.
Bring it on.Or, look at it another way, if we do vote to leave the likely chaos in Europe from our departure - as the pent up frustrations of other countries finally erupt and the fragility holding the union together blows it apart - will render the car market for exotics a wasteland for many years.
PS: If you think I am a fan of the EU I'm not, far from it. It is become bloated and comprises political "oligarchs". However the EU IMO has become a House of Cards and we unfortunately are one of the few cards holding it up. It needs reform from within.
If it falls, we will be hit hard, it's inevitable. Import implications might become a little academic.
Anyone have a view on the many LHD Ferraris that have been in the classifieds unsold for many months now?
A couple(black & grey)360's have been on the market for at least a year, not to mention all of Kahn's stock. The grey one (easy to identify as it has plastic on the mats) is a truly immaculate car, I have seen it in the flesh.
I also know of a couple of older cars, one 328 in particular, that if RHD would likely have been sold within weeks.
A couple(black & grey)360's have been on the market for at least a year, not to mention all of Kahn's stock. The grey one (easy to identify as it has plastic on the mats) is a truly immaculate car, I have seen it in the flesh.
I also know of a couple of older cars, one 328 in particular, that if RHD would likely have been sold within weeks.
Camlet said:
...It needs reform from within...
You're quite right but the problem is that will never happen and it really needs a shock like the UK leaving for anything to change (although I also agree that we won't vote to leave anyway). I must admit that there has been so much utter tripe about what disasters would befall if we were to leave that I've got to the point now that I don't believe any of itcgt2 said:
Anyone have a view on the many LHD Ferraris that have been in the classifieds unsold for many months now?...
I don't know about any particular cars but there has been such an influx of LHD drives over the last few months pretty much regardless of the size of the market for some models that it doesn't surprise me in the slightest that there are quite a few that haven't sold. Certainly a few I have seen have been pretty ropey, although I'm not suggesting that applies to all. I also haven't seen anything that looks like a bargain.Jonathan
TISPKJ said:
Slickhillsy said:
cgt2 said:
Not sure it will be such a huge issue, plenty of cars come and go from Switzerland with only a slight amount more paperwork than from an EU country. Many people in fact prefer Swiss cars due to their better condition.
+ the import duty that will have to be paid over the current zero amount.Impossible to call. The moves in FX markets will no doubt be large over two years and probably be more significant than import duty/VAT. I would not say the ccy markets are necessarily right about calling £ being weaker in the long term....a Brexit likely brings the issue forward in other EU member states.
By a LHD car because it makes sense to you either because it's cheaper than RHD or you intend going to Europe a lot! The market is a whole lot more sophisticated than it was 25 years ago....if LHD cars look cheap here the continental dealers will start importing them and vice versa. I doubt in £ terms the price will change that much.
By a LHD car because it makes sense to you either because it's cheaper than RHD or you intend going to Europe a lot! The market is a whole lot more sophisticated than it was 25 years ago....if LHD cars look cheap here the continental dealers will start importing them and vice versa. I doubt in £ terms the price will change that much.
It's not just FX volatility that's making the Euro / LHD purchase decision more difficult. Car prices in Europe are generally on the up (having been raided by the UK supply and demand factors have taken hold) anyway with some models showing near parity. Older 997 GT3's and alike are showing a small spread to UK RHD and certain Ferrari's having shot up - nothing to do with FX rates.
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