Super cars - might be of interest to a buyer

[maranellouk]

Evening/afternoon all,

Seeing as I live next to a rather tasty supercar showroom, I thought I post this link up.

Now, I popped in today and saw a lovely silver 355 GTS outside the showroom. It is for sale at HK$598,000 which is about GBP39k. Not bad eh? 15,000kms on the clock and it looked in good shape.

Obviously, the weather in HK means cars are in pristine condition and the chaps that buy these cars have a bit of cash and have them garaged. The new price for motors is ridiculous but used ones are REALLY low. I saw a Clio V6, 2002 with 8,000kms on the clock. It was untouched! It is up for GBP13,000!

If anyone is interested, not sure about exporting and fees that might need to be paid, but the bonus is that it is a RHD (no LHD allowed here)for less than LHD money(I think).

Anyway, enough talking, here is the link. The Merc DTM is rather interesting by the way www.carcity.com.hk/

MARA

[BrianTheYank]

bit off topic but....

Hows the new car situation coming? Still gonna have it around before the 1st?

[EddyB]

Honk Kong eh

>> Edited by EddyB on Tuesday 8th March 22:12

[craig]

ah but you have to add 10% import duty plus 17.5% VAT onto the total (which would include shipping cost) - not such a good deal

[dcw@pr]

I thought used cars were exempt from VAT?

[Mobster Raks]

dcw@pr said:

I thought used cars were exempt from VAT?

think that's only in EU IIRC

[craig]

Mobster Raks said:

dcw@pr said: I thought used cars were exempt from VAT? think that's only in EU IIRC

correct

non-EU = import duty plus VAT

[kryten22uk]

Going by your exchange rate (HKD600,000 = £40k) then the 2001 360 spider is amazingly bad value at HKD1.8m = £120k.

Why would they have such a difference is deals?

[maxf]

Could you buy the car and store it for 6 months in HK - then import it into the UK as your own - duty free?