Buying a ferrari in California

mjheathcote

mjheathcote

Centenary Club
Messages
9,038
Worth a watch, filmed less than a mile away from me.

[video=youtube_share;WHkU1h_sKM4]http://youtu.be/WHkU1h_sKM4[/video]
 
Jkulin

Jkulin

Junior Member
Messages
983
Phil we use http://www.automobileinspections.com/ and they are pretty good and charge for classic cars $350, you can specify any specific areas that you have concerns with.

Remember that if you do find a car at more than 30 years old, then the duty is 0% and the VAT is only 5%, as long as we make a BTI application, this is where staying in the EU works to our advantage :)
 
Wack61

Wack61

Member
Messages
8,793
I wonder why the government haven't used that in their tactics, they've tried everything else to scare us
 
Phil the Brit

Phil the Brit

Member
Messages
1,499
Jkulin said:
Phil we use http://www.automobileinspections.com/ and they are pretty good and charge for classic cars $350, you can specify any specific areas that you have concerns with.

Remember that if you do find a car at more than 30 years old, then the duty is 0% and the VAT is only 5%, as long as we make a BTI application, this is where staying in the EU works to our advantage :)
Click to expand...


John,
Now that IS interesting as you previously wrote.........

Assuming a Purchase price of $30K
Then the likely costs excluding collection will be around the following: -
Vehicle Purchase £21250
Duty @ 10% £2325
VAT @ 20% £5110
Shipping £1100
Doc Fees £25
Marine Insurance £450
UK THC etc. £370
Registration £55

It IS over 30 years old so with no duty and only 5% VAT that takes my costs down by just over £6000 or put another way $9000 more to use in buying the car or fixing it when it all goes wrong!
I have reached out to some Southern California Ferrari owners to see if I can get a local person to go look at it. If not I will contact the company you recommend. I had reached out to them before I read your recommendation.
 
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