Cheap E92 M3 in UK

[AN E30 Fan 1]

Was emailed this from a friend in the Uk

http://www.imperials.co.uk/used/2011/BMW/M...or-sale-SB11LZW

Great colour and under 60 grand for 2 year old car.

Would probably have it landed here for less than 65.

[allan 295]

MMM are you sure.

36,995 pounds = $67,537.31 at present exchange rate

guessing $3500 to $4500 shipping cost

compliance costing say $1,000

Grap Steel & take on the car $10,130.55

Shipping $150.00

any insurance thrown in ????

$83,317.86

or have I missed something ???

[AN E30 Fan 1]

VAT is excluded when shipping it overseas, provided the car leaves the country 6 months after the purchase date. So yes you are missing something. Meaning it costs 30,829 = $56,000 plus shipping and compliance therefore equals about 65 grand

[E30 325i Rag-Top 2956]

GST to pay on top of purchase price and shipping at 15% is roughly $9k, so not under 65k, but not far from it.

Not sure I would be brave enough to drive an M3 in that colour, wheels look good though, could be interesting when it comes to trying to on sell it!

[allan 295]

Good to know thanks what percentage is the VAT set at?.

[jom 98]

Good to know thanks what percentage is the VAT set at?.

20%

[deeveus 81]

+ storage fees for the six months, plus insurances for that plus the personalized plate you'd have to buy it:

That colour kinda isn't too bad.

[Allanw 1071]

Awesome colour - Parrot-Screech Yellow :-)

VAT is only taken off "VAT qualifying Cars" too I think - not all are, as it depends on the vehicles previous use.

[FIAT 131R 223]

Awesome colour - Parrot-Screech Yellow :-)

VAT is only taken off "VAT qualifying Cars" too I think - not all are, as it depends on the vehicles previous use.

Your thinking is right on the Vat qualifying cars.