£18k For A 411 Mile Rocket Gt

Discussion in 'Bikes for Sale' started by SleepyOwl, May 1, 2020.

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  1. SleepyOwl

    SleepyOwl Crème de la Crème
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    Jul 26, 2019
    7,284
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    Cornwall
  2. Helmut Visor

    Helmut Visor Only dead fish go with the flow
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    Oct 3, 2018
    4,553
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    Three Counties
    Or bought it on finance then the lockdown happened and can no longer afford the repayments :(:(
     
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  3. Tiglet

    Tiglet Vintage Member
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    Mar 28, 2016
    4,423
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    At £17995 and that’s the dealers price I wonder how much the original owner got for it £16k perhaps :eek: if not on finance.
     
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  4. Kinjane

    Kinjane Active Member

    Oct 15, 2017
    201
    43
    Bristol, Land of Enger
    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.:sob:
     
  5. Kinjane

    Kinjane Active Member

    Oct 15, 2017
    201
    43
    Bristol, Land of Enger
    #5 Kinjane, May 4, 2020
    Last edited: May 4, 2020
    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...
     
  6. Callumity

    Callumity Elite Member

    Feb 25, 2017
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    Nr Biggar
    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.
     
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