AD240Z
Club Member
When looking at costs to buy a car from abroad - Europe - what does one need to take into account to get the real cost - and what would they be ?
Purchase cost - ( subject to exchange rate)
Transport and shipping
Insurance for the above
VAT
Import Duty
Registration
?
If the car is over 30 years old and not substantially modified - it should qulaify for 5% VAT
I saw this somewhere:
VAT is calculated as: $ Invoice + $ Shipping / Customs Exchange Rate + £Duty (if any) * 5% = £VAT
$= european currency
Anyone any ideas if this is correct ?
Anyone any stories about this ?