Anything wrong with new USA Porsches ?
Discussion
ChrisW. said:The US price is quoted without VAT, or "sales tax", as it's known over there.
Just looking at new 997 Turbo pricing in the USA.
Given the extra transport costs, what is wrong with them that they should be so much cheaper than UK and European cars ?
That is exclusive of the fact that Europe is a rather closed economy, with little competition in certain retail industries.
£69108.50 before tax using an exchange rate of 1.7364 from www.xe.com/
add 17.5% and you get £81202.49 now you gotta work out how to ship it to uk, but remember I am unsure of all the taxes involved when importing a car, if you can get a form A for it you will not pay any tax (although I doubt you can get one for a car, I used to import computer components from china and a Form A is valid for importing these)
also you wont have to pay local (UK) VAT you will pay import tax (duty) instead which in some cases is 22% (or possibly more) so lets say 22% and you get a total figure of £84312.37
I think the exchange rate for the dollar is also making this look cheaper at the moment.
add 17.5% and you get £81202.49 now you gotta work out how to ship it to uk, but remember I am unsure of all the taxes involved when importing a car, if you can get a form A for it you will not pay any tax (although I doubt you can get one for a car, I used to import computer components from china and a Form A is valid for importing these)
also you wont have to pay local (UK) VAT you will pay import tax (duty) instead which in some cases is 22% (or possibly more) so lets say 22% and you get a total figure of £84312.37
I think the exchange rate for the dollar is also making this look cheaper at the moment.
Stateside price: 997 TT MSRP $122,900.00 which is cheaper by about $10,000 than the outgoing 996 TT.
Maybe worth dropping Litchfield Importers a ring and see what he can do, as he imports a lot of USA and Japan cars. But then you do have to bring it up to EU specs on lights and emissions, etc.
Also it will not be C16 spec UK model and Porsche will not honour warranties on none C16 imports.
Could be just another, "let's rip-off Treasure Island" again.
Maybe worth dropping Litchfield Importers a ring and see what he can do, as he imports a lot of USA and Japan cars. But then you do have to bring it up to EU specs on lights and emissions, etc.
Also it will not be C16 spec UK model and Porsche will not honour warranties on none C16 imports.
Could be just another, "let's rip-off Treasure Island" again.
US is just a much more competetive marketplace, hence most cars are cheaper.
USD 122,000 = £70,900
plus shipping £1k = £71.9k
plus 10% import duty = £79.1k
plus 17.5% VAT = £93.9k
plus extra costs to get to euro spec (lights etc) = £95k+
ie it costs the same as a UK car and you end up with a LHD, non UK, unwarrantied car (and I haven't even included US sales tax or luxury tax)
= DOESN'T WORK
[quote=tonker[/quote]
Which is all fine except the 10% import duty goes straight out the door in extra profit to Porsche - as it's not charged on cars coming in from the EU, plus it's a fair bit cheaper to ship to the UK rather than the US. Plus you don't have to convert the lights, they all get done at the factory....
Which is what the real moan is about...
[/quote]
Totally agree, it is Porsche making extra profit on Euro cars (or rather less profit on US cars).
I was simply answering the question about whether it's possible to benefit from these lower prices and the answer is not, unless you wish to live in the US (or the Middle-east where the prices and taxes are similar).
Which is all fine except the 10% import duty goes straight out the door in extra profit to Porsche - as it's not charged on cars coming in from the EU, plus it's a fair bit cheaper to ship to the UK rather than the US. Plus you don't have to convert the lights, they all get done at the factory....
Which is what the real moan is about...
[/quote]
Totally agree, it is Porsche making extra profit on Euro cars (or rather less profit on US cars).
I was simply answering the question about whether it's possible to benefit from these lower prices and the answer is not, unless you wish to live in the US (or the Middle-east where the prices and taxes are similar).
GuyR said:
Totally agree, it is Porsche making extra profit on Euro cars (or rather less profit on US cars).
I was simply answering the question about whether it's possible to benefit from these lower prices and the answer is not, unless you wish to live in the US (or the Middle-east where the prices and taxes are similar).
I think it's simply a much bigger market in the US hence the ability to sell each unit at a lower cost.
>> Edited by silver993tt on Monday 3rd April 16:20
>> Edited by silver993tt on Monday 3rd April 16:21
Tonker is spot on --- assuming that Porsche USA are making a profit out of the jobbie (even with the better warranty), and that there is nothing wrong with stateside Porkers, and that it costs more to get them there than to the UK, and that the UK is now a very large market for Porsche particularly with all their new models --- when do we start to see Stateside Pricing ?
I import lighting equipment from Switzerland and our UK prices are significantly LOWER than prices in the USA --- which is possibly part of the reason why we sell more than they do ?
If prices were levelled out, there would be no need not to buy from the local OPC ...
No C00, C16, C98 excuses for trying not to treat all cars as being what they are ... orginal Porsche motor cars with as few market specific spec variations as possible.
Debate ? !
I import lighting equipment from Switzerland and our UK prices are significantly LOWER than prices in the USA --- which is possibly part of the reason why we sell more than they do ?
If prices were levelled out, there would be no need not to buy from the local OPC ...
No C00, C16, C98 excuses for trying not to treat all cars as being what they are ... orginal Porsche motor cars with as few market specific spec variations as possible.
Debate ? !
ChrisW. said:
Tonker is spot on --- assuming that Porsche USA are making a profit out of the jobbie (even with the better warranty), and that there is nothing wrong with stateside Porkers, and that it costs more to get them there than to the UK, and that the UK is now a very large market for Porsche particularly with all their new models --- when do we start to see Stateside Pricing ?
I import lighting equipment from Switzerland and our UK prices are significantly LOWER than prices in the USA --- which is possibly part of the reason why we sell more than they do ?
If prices were levelled out, there would be no need not to buy from the local OPC ...
No C00, C16, C98 excuses for trying not to treat all cars as being what they are ... orginal Porsche motor cars with as few market specific spec variations as possible.
Debate ? !
Unfortunately, the cost of labour, property, rental and general cost of living is significantly more on average in the UK. This stems from the problem in the UK that everyone wants to earn a very large salary and pay next to nothing for goods and services. Well, that's not sustainable and the market is reflecting this fact. If you pay people high amounts of money, it's invariably passed on to the price of goods & services (that the same person produces) - the money has to come from somewhere and that somewhere in the UK is the price for: cars, public transport, energy, restaurants, council tax, income tax, food in supermarkets, clothes, property etc.
The UK market for Porsche is fairly large but pales into relative insignificance to the US. That isn't only for Porsche but for nearly all companies who trade with the US and Europe.
silver993tt said:
Unfortunately, the cost of labour, property, rental and general cost of living is significantly more on average in the UK.
the us has higher average wages, lower employment costs, a lower tax burden, smaller welfare state and unsuprisingly a higher gdp/head. No matter where you turn in this country that tw@t Brown takes his cut to fund his beloved unproductive public sector and army of box ticking beaurocrats. Every organisation and individual in the chain delivering your product or service gives their pound of flesh, which by the time you get it adds up to an arm and a leg.
francisb said:For starters, the tax burden as % of GDP is 35% higher in the UK than in the US.
the us has ..., a lower tax burden, smaller welfare state and unsuprisingly a higher gdp/head. No matter where you turn in this country that tw@t Brown takes his cut to fund his beloved unproductive public sector and army of box ticking beaurocrats.
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