Wanted 308 Euro QV

I would say it's vary strange that an euro car had the fullsize spare wheel (here in Italy we had the small spare tire): maybe this car is Euro but not Italian, as shown by the window sticker (Goodyear NCT tires, here in Italy just or TRX or Pirelli P7 tires)

But, Ricardo, don't you have to pay taxes by importing from USA? I read you are from UK.

In any case, this looks to be an excellent car

ciao

 

Yes... taxes are a certainty...
will always have to pay - high if from another EU country, higher if from outside the EU

Think I shared on another thread here, but what i'm trying to understand is where to import - I have a place in the south (not Italy Portugal ) where I go very often and weather is summerish 7 months a year and driving is bliss, so might just import there. The problem is that taxes there are much much higher, so an import of a 308 beauty might get me into the $40k, just in import duties...

 

Ricardo, just to know: at present day GB is still Europe, so I think there aren't import taxes from another EU country, or not? I'm curious to know

ciao

Edit: some years ago I imported a preoned Harley Davidson from UK and I didn't pay anything. Maybe something today is different
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That would be amazing! but there are:

In the UK, we have to pay 10% on the value of the car plus 20% VAT on (car + 10% duty)...

https://www.gov.uk/importing-vehicles-into-the-uk/overview


In Portugal it's a bit trickier - doesnt matter what the value of the car is, only depends on engine size and CO2 emissions and whether the car comes from the EU or from outside

 

You might be already saying this, but I believe you pay VAT only on the import duty, not the whole car.

 

it's on the whole thing:

VAT and duty are charged on the total cost of the vehicle plus any:

accessories you bought with it
delivery and extra charges

 

It's very strange as here in Italy you don't pay any tax on preowned cars, nor duty nor VAT, if the car comes from another EU country: But are you really sure of that?

Which sort of EU community is if you have to pay duty and VAT??

Every used goods has to be sold without any VAT and duty inside EU Europe country members

 

I know, I know.. I was on the phone with HMRC and that's what they told me.
I would be delighted to find otherwise, but have been told as much by them..

 

You'll find this of interest: Important VAT Ruling on Classic Car Imports- Goodman Derrick LLP

There's clearly a case for 0% duty & 5% VAT on 308s. Originality is key. My car was brought over last year but I'm not privy to the import rates levied. It could well have been 0&5 on rule 97.05. It would certainly be a bonus for you given the collapse of sterling's value post Brexit.

 

These are great news!
Many thanks!

 

I know it, it's for 30+ years old cars or something like that. I think Ricardo needs an import specialist as he doesn't know import rules.taxes are 0% if you import the car from Italy in Germany, France and (for some days...) in GB too.

Ciao

 

I agree. Even if they charge a few hundred euros, expertise is valuable. Ricardo, I don't know much detail but I think it would certainly be worth a call to that law firm or to find a specialist shipper (I understand they often include duty negotiation / advice in their shipping fees). If the car you are buying has ever been entered into concourse and won any sort of prize, your case is even better. But I'm not sure you really have to go that far..

 

Many thanks both.
I was mostly looking into importing from the US because for a while I couldnt find anything of interest here in Europe, so I have been more focused on import duties from outside EU - but I will most definitely ask for help from one of those guys.

Many thanks both once again!
Ricardo

 

Lovely example, Michael.

 

I imported a car from USA, imported an Harley from UK and I sold cars to UK and Belgium: There are taxes just from extra EU, no taxes inside UK for used goods. I was offered to save the 10+22 duty and Italian VAT by importing from USA going through UK as there for old vintage cars there were much less taxes for vintage cars but I denied as they had to register to another one the car for one day as an Italian cannot import a car in the UK...

I think you have to pay 0% from EU and 5% from USA if you import the car into UK and you are an UK citizen. But registering an USA car in EU can be an headache and very expensive (it was for me in Italy) but is very easy and cheap from the EU community. My tip is this: Import from USA just if there is an exceptional car and/or an excellent sale price


EDIT:
I have to say that Brandonmotorcars black QV looks to be an exceptional car. Another tip: pay someone at least to give a look to the car to see if there is some rust somewhere and how the car looks from real,touch it with his hands and look brom below the suspensions, xheck the seals and many others small details that show very well the car level

 

No...although I looked hard back in 2008 for a non-red GTB!
I ended with # 81085, which is Rosso Corsa / Beige / Castoro carpets (and is still missing its black body line...but is waiting for a repaint in the coming years).
This is not the "classical" continental scheme for a Ferrari, which is Rosso Corsa / Nero / Nero carpets (sometimes Rosso carpets).
# 80515, the GTS, is Nero Met. / Grigio leather / Nero carpets.

Rgds
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very nice cars indeed. Sometimes the black body line after a repaint is done with a black tape (and looks excellent). It's very hard to do the black body line on the front and rear bumper due to it's shape, much easier on the two car's side

ciao

 

Yes indeed Alberto; in fact if my memory serves me well, the black line on bumpers on 328 is done before assembly, and curves over the upper lip of the bumper on the sides, so this is less complicated than on front and rear where they have to mask the upper and lower part of the line...
I'll discuss this with the painter when the red car will have its new paint in a year or two...

Rgds

 

And no doubt you'll discuss the shields

O/P your first Ferrari really doesn't have to be a red one. Does anyone know where that myth came from and who first said it?

 

Oh - I mean, it's a matter of personal preference.
Not that I dont like the black 308s - on the contrary! but a red/tan one just feels gorgeous to me

 

Shields were added by the former owner a few days before I bought the car; in fact, the first pictures I saw of her were without the shields. Of course, we all know that these are not period correct, and they will go away for good when the car will be repainted. They are staying for the time being because the paint is not in excellent shape and I rather let them where they are than tear some paint away from the fenders...

I am pretty sure that the myth of the "red Ferrari" originates with these cars "going public", that is, first wih "The Persuaders", then with "Magnum P.I"; I see a proof in the fact that the 328, coming in the market in 1985, at the height of "Magnum P.I" fame, is the car that has been produced in Red in the greatest numbers: 77% of all 328 were ordered Red. It felt down already to 51% for the 355...

Rgds

 

May I ask what you mean with?

 

Same here in France:
Zero if the car is coming from inside the EU, although you might have to pay a special "heavy polluter" tax on some cars for their first registration in France.
From outside the EU, but having an agreement with the EU (like Switzerland and Norway, perhaps the UK in a few years...), usually 20% VAT and sometimes an additional import tax which may vary between 0 and 5%
Froim outside the EU and without agreement with the EU, I think it depends whether the car is already 30 years old or not (?).

I would definitely ask for the advice on competent lawyers or importers before considering buying form outside the EU, as taxes may change the perspective...

Rgds

You have also the question of the Certificate of Conformity when the car arrives on your soil, which might be somewhat complicated from time to time for Ferraris.

 

There were NO shields ("Scudetti") on street Ferraris before the "serie speciale" of the 355 at the end of 1998.
Before 1998, shields were only seen on Ferraris that were supposed to race, or at least originally intended to race, such as the 288 GTO, the F-40, the 348 competizione, etc...cars that somehow had track use in their program. Anyone knowing some words in Italian can see that "Scudetti" share the roots of "Scuderia": the stable, the racing team.

Shields were offered for the first time on a street Ferrari on the 355 "serie speciale" in 1998, then you could order them as an option on the subsequent cars, such as 360, 430, etc...

But NO 308 or 328 ever left the factory new in their days with shields, as these were not even an option. Those who have shields have received these later, they were "updated".

As shields were not available on these cars when they were ordered new, to be "period correct" they should not have shields...

Rgds

 

I think a red car with shields screams "this is my first Ferrari".

Bruno, I'm amazed that 49% of 355s were in colours other than red. Can that be true? It doesn't seem reflected in the % you see advertised or at shows. Maybe many were resprayed. Anyhow, I agree that in earlier years there seems to have been less of a red dominance. Despite The Persuaders' influence, many 246s are in other colours (blue/black/silver looks much better than red for that car imo).