D
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Perhaps he should buy anotherI think that at this point the depreciation curve has already started to ease....
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Perhaps he should buy anotherI think that at this point the depreciation curve has already started to ease....
Why would you need to knock the VAT off - the cost of the car is the cost paid - all cars have VAT on them and if it is used and “vat qualifying” the dealer has to charge VAT.Indeed, one doesn't have to settle for a bad deal.
Just knocking the VAT off the original sale price gets you to £32k, (which is perhaps were it would be priced as an Approved Used).Deduct some more based on half a year's depreciation, plus the 'used' status, two increments on the number plate, fall in diesel popularity, cooking 220d (for clarity I'm not saying a 250d would fair any better) and their need to turn a profit.....
So, on the face of it not the best offer, but can see how they got there.
Why would you need to knock the VAT off - the cost of the car is the cost paid - all cars have VAT on them and if it is used and “vat qualifying” the dealer has to charge VAT.
As it’s used, the original price had the VAT in itThe most common way for dealers to account for VAT on used cars is the "margin scheme".
In this way VAT is only charged on the profit that the dealer will make and not on the full price of the car.
As it’s used, the original price had the VAT in it
all cars have VAT on them and if it is used and “vat qualifying” the dealer has to charge VAT.
Times have changed ; I remember my dad taking delivery of his W115 back in 1970 , and immediately putting a deposit on another ( 18 month waiting list ) , when the next car cam the first one was still going well , so he paid the list price for the new car , stuck an ad in the paper and sold it to a dealer for a profit . The only stipulation was it had to be ‘delivery miles , which on asking was under 100’ but the guy sent a transporter to collect it .You paid too much in the first place.
I regularly get emails from lease companies offering the likes of your car for circa £30k brand new after discount.
Indeed, one doesn't have to settle for a bad deal.
Put mine into Motorway and WBAC yesterday and it was circa £4000.00 more than it was about 6 months ago , s/hand prices are going crazy.
I also got a p/ex value on Volvo's website - £5000.00 les than the above
as well as the use of old airfields just to store near new cars once returned by their first owners. Strange times.
Exactly my point. Money is cheap, so dealers and manufacturers are holding onto stock, rather than releasing it by doing a deal.Also if prices are going up and your used stock is increasing its value on the balance sheet - perversely there's not quite the same imperative to shift it as quickly as there might otherwise be.
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