VAT tax on new cars - HotUKDeals
We use cookie files to improve site functionality and personalisation. By continuing to use HotUKDeals, you accept our cookie and privacy policy.
Get the HotUKDeals app free at Google Play

Search Error

An error occurred when searching, please try again!

Login / Sign UpSubmit

VAT tax on new cars

£0.00 @
I have just ordered a new car,but i have been told that if it arrives aftr January 1st,I am liable to increased vat charges,anybody out there know anything about this,or am i being conned Read More
smallkiwi Avatar
7y, 7m agoPosted 7 years, 7 months ago
I have just ordered a new car,but i have been told that if it arrives aftr January 1st,I am liable to increased vat charges,anybody out there know anything about this,or am i being conned
Tags:
smallkiwi Avatar
7y, 7m agoPosted 7 years, 7 months ago
Options

All Comments

(11) Jump to unreadPost a comment
Comments/page:
#1
unfortunately not, vat is currently 15% but is going back to 17.5% (its usual rate).

Were all gonna get stung as its gonna be day to day items too like chocolate and stuff. (i'll leave to others to fill in other vat related items but i can only think of chocolate as ive just had a whole bar!)

Might be worth finding out whether you can pay before 31st Dec and collect or have it delivered afterwards if you want to do it that way?
#2
if u pay now then its done and dusted so you should have to pay more in the new year get it out the and save 2.5% which on a new car is probley a lot
#3
Thanks for the advice
#4
Not a " con " a sad reality.

VAT was reduced from 17.5% to 15% to stimulate the economy, it is reverting back up to 17.5% on January 1st..
#5
Deviating a little, but i am looking forward to seeing how many shops etc put there prices up in accordance to the VAT increase, especially the ones that did not put them down when it went down..... there crappy excuses it costs to must to do it..... bet they can afford to put them up :(
banned#6
Hmmm. I must admit I thought it went back up on 1 feb... So good job I saw this. I ordered a new car for the missus, two days after I took delivery of my own one 4 weeks ago. I could have sworn he said that! Maybe it was the scappage scheme he referred (as the missus is trading in her old banger)

Either way, I need to call and find out. I'll just pay the cash in advance on 31 December if that's the case! Don't really like the idea of that, (they could go bust with my cash!)

VAT increases & scrappage scheme finishing is gonna kill the car dealerships.
#7
I offered to pay the cash by dec 31st,they said(Citroen)that it could`nt be done as they would still have to pay the increase themselves
#8
smallkiwi
I offered to pay the cash by dec 31st,they said(Citroen)that it could`nt be done as they would still have to pay the increase themselves

If you haven't yet handed over any money tell them you're going to walk away - they'll soon change their minds if they think they're going to lose the sale.
banned#9
cis_groupie
If you haven't yet handed over any money tell them you're going to walk away - they'll soon change their minds if they think they're going to lose the sale.


I doubt my dealer would give a monkies. The car I'm buying for the missus is in short supply and allocatons sell out very quickly with all dealerships. I had prevously spoken to them and out of the blue had a call to say they'd been given a fresh allocation of 5 cars with a delivery date set for the end of jan. These 5 cars were sold within the hour. Yes I know I'm speaking about a car salesman, but on this occasion I 100% believe him.

Hopefully I'll remember to call them re the VAT position. Having seen them jack the price by £700, I definitely won't be paying any more.
banned#10
Hmmmm. I've just got off the phone to the dealer. He's said "we'd be charging whatever the VAT rate is and thats outside our control." Not exactly what he said before! I told him what he'd said about having the option to pay before hand in full but he went on to say that if there was a problem, I couldnt reject the car (ie the huge hypothetical dent would have to be rapired!!)

He said "don'r worry, it'll all be sorted", but I can't help feeling that nearer the date, I'll be shafted and be told "sorry its outside our control".

One thing is sure, the 10% hyke they've already put on the car since 1 July, will not get a further £200 tax burden on top. Annoyingly, if they do try to do that, I'd prefer to buy elsewhere now - and not have this issue to worry about.

I
#11
Not so sure that you can pay for the car upfront, the payment would not tie in with the registration date, if it is completed in January or later, I am fairly sure the increased VAT rate will apply, adding 2.5% to the before VAT price.

Post a Comment

You don't need an account to leave a comment. Just enter your email address. We'll keep it private.

...OR log in with your social account

...OR comment using your social account

Thanks for your comment! Keep it up!
We just need to have a quick look and it will be live soon.
The community is happy to hear your opinion! Keep contributing!