Quote Originally Posted by Conrad View Post
Mars,

What's that tax that you have to pay in the States when you register the vehicle on the road. It's like 5% or something?

I did a little research a few years back wen thinking about (or day dreaming about) getting a Shelby Mustang and apparently if I buy a car from a dealer to export to the UK, I don't have to pay this tax.

The sad thing is I would have to pay for the shipping (£2k), then I'd have to pay 10% import tax in the UK and then 20% VAT (sales tax) on top of all that. It's a lot of tax but it still works out cheaper than buying from a US car importer.
When you buy a vehicle from an auto dealership here in the States, I believe the sales tax is something like 7%, but if you trade something in, when figuring sales tax, the price of the trade in is deducted from actual price you pay for the new vehicle. For example: if your trade in is worth $15,000 and the new vehicle costs you $25,000, you only pay sales tax on the difference = $10,000 or say $700. That's one of the advantages of trading in a vehicle on a new one, the tax savings, but you're really better off just retailing it yourself, because dealerships don't usually give you what your vehilcle is worth.

Too bad that the taxes are so fucking high over there on buying imports.