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VAT conundrum means it’s better to buy now

December 7, 2009 By Leave a Comment

Another good reason for buyers to do a deal and buy a car this side of Christmas is that not only will they pay less VAT but the dealer will pay less VAT on his profit. This means he gets to keep more of it. In the new year the retailing of what the trade call “qualifying” used cars, which will usually be ex-company, leasing or rental cars … [Read more...]

Filed Under: Blog, Car Dealers, Consumer, Tax & Insurance Tagged With: Car Dealers, consumer advice, Featured, gross vat qualifying, profit, Used car, Used car buying, vat increase, vat qualifying motor vehicles, vat reduction

Buying a new car? Better strike while the iron is hot!

November 13, 2009 By Leave a Comment

As car dealers look to re-align the prices on their used car stock, they have to be mindful of reacting to the market too quickly. In other words, just because there seem to be fewer enquiries and the overall feel of the market has changed dealers shouldn’t think that by distress selling older cars they will not have to pay more in a few weeks … [Read more...]

Filed Under: Blog, Car Dealers, Consumer, Manufacturers, Tax & Insurance Tagged With: 20% vat, buying a new car, Car Dealers, car manufacturers, car sales, car tax, Featured, new car buying, Scrappage, showroom tax, Used car, vat new cars, vat reduction

Will less VAT give a boost to car sales?

December 2, 2008 By Leave a Comment
vat-effect

I don’t know if it’s a coincidence or not, but after a very quiet week, according to sources in the trade last weekend exploded. The new VAT percentage rate didn’t kick in until Monday the 1st, so can it really be anything to do with that? … [Read more...]

Filed Under: Blog, Car Dealers, Consumer Tagged With: 20% vat, Car Dealers, car sales, graph, motor trade recession, new car buying, new car registration, Used car buying, vat effect on motor industry, vat reduction