£18k For A 411 Mile Rocket Gt

Or bought it on finance then the lockdown happened and can no longer afford the repayments

 

At £17995 and that’s the dealers price I wonder how much the original owner got for it £16k perhaps if not on finance.

 

Dealer needs to add some profit and dump some VAT on top of that.
Even at £15,000 plus the 20% for VAT, making a round £18,000 there's no dealer profit been added.

£14,500 would be my guess.

 

Damn. Looks like I was once caught out on a miserable trade in price by salesman lies, oops I mean patter, because that's the explanation he gave for his low offer (vat required on the bikes value). Not surprised (glad) the whole dealership went under.

Bring back the days when potential purchaser were vetted for limited production items. Might stop some of these quick turnovers - but there again I probably wouldn't even make the queue...

 

Vehicles bought and sold privately do not attract VAT. A dealer however should apply VAT to the price on one of two ways:

The most common way is on the dealer profit I.e. the difference between the price paid and the sale price. The VAT % is buried in the price of the car but not usually separately itemised as with a new car.

Some dealers may charge VAT at 20% on the total price - very rarely used because the tax charge is actually higher than under the second-hand margin scheme. If it is not invoiced I WOULD suspect they are pocketing the difference.