[DeTomaso] Shipping from the USA to Europe to sell?

Sun Jan 3 14:43:36 EST 2010

Yes, the fees on top of the purchase price would be 91 kUSD. Just like the fees were said to be appr. 180 kUSD on top of the purchase price for a new Camaro the other day. I'd not call this a socialist tax per se, it's an effect of a country that doesn't have a domestic car industry. Luxury taxes on cars are similarly insane in Norway, Denmark and Finland. Sweden is more relaxed in comparison.

Regarding import costs, VAT and import duties are paid by the person importing the car and registering it in the EU country. Once registered no VAT is paid when a sale is made between private parties (at least where I live). If a dealer does the import and resells it's different. Selling a US registered but un-imported car in Europe is a very different matter price wise. Ask Charlie who had his US registered car shipped from Europe to the US when it was time to sell it. I'd guess that if someone shipped a US car and tried to sell it unregistered in Europe the price in USD would be marginally above the market price in the US. Europe is also not particularly homogeneous import wise so if a car was exported from France to the US you'd not be getting any relief by bringing it in through Germany. I seriously doubt that any relief would be given in any country on a car that was exported 30 years ago from that country anyway. If a car was exported as new it normally means that no local taxes were paid on it at the time of production and export.

Tomas

----- Original Message ----- 
From: "boyd casey" <boyd411 at gmail.com>
To: "gudmund frøland" <gudmundfroiland at yahoo.no>
Cc: "Detomaso at Realbig. Com" <detomaso at realbig.com>
Sent: Sunday, January 03, 2010 8:12 PM
Subject: Re: [DeTomaso] Shipping from the USA to Europe to sell?

> Let me be sure I understand. You are saying that you would have to pay
> $91,000.00 US dollars just to register a salvage car you purchased for parts
> if you wanted to register it in Norway?. I was thinking more along the lines
> of selling a car in Germany or another country that has adopted the Euro and
> who's economy is not as deeply rooted in Socialism as Norway.  If I remember
> correctly Norway was having very serious economic problems but they also pay
> students to attend college and to pursue what ever career path  interests
> them ( like being an artist) don't they pay them to paint? Maybe I am
> confusing Norway with Iceland. But in either case they are not the countries
> that are on the Pinnacle of capitalist success and if you live in a country
> that provides those kinds of social programs and support you have to xpect
> the money to come from somewhere.  I was thinking of countries that have a
> strong GDP and a relatively high per capita income and use the euro. My idea
> was that the decline of the dollar vs the Euro might allow for a car being
> sold in Euros and priced in Euros at a sales price that has remained
> relatively unchanged in the local currency ( like here a Pantera is still
> being offered at the same relative price in dollars as it was two or three
> years ago in spite of the change in the exchange rate in euros to dollars)
> So if the situation is the same in countries that use the Euro ( for
> instance if a Pantera was being offered at an asking price in Euros at 35,
> 000 to 45.000 Euros and a US car was brought to Europe and offered at that
> price and sold in Euros there we be no difference realized by the European
> customer , but the US seller would have gained around a 33% premium when the
> Euros were converted back to dollars.  The Sales tax or VAT would be the
> burden of the buyer as it always is.  And aside from any additional import
> duty (imposed  in addition to the normal sales tax there would be no
> difference to the buyer.) If one were to research the import duties and find
> a way to minimize them  ( like a Pantera that was originally a grey market
> car ) I don't think you have to pay duty to return an item that originated
> in Europe to return it to Europe.  I could be wrong but for the kind of
> premium we are talking about it is definitely something worth looking into
> if one had a Pantera that they were considering selling.
> Boyd
> 
> On Sun, Jan 3, 2010 at 1:23 PM, gudmund frøland <gudmundfroiland at yahoo.no>wrote:
> 
>> I am not shore how the tax are in Sweden but I have a 2003 mod Mustang
>> Cobra. I bought it as a wreck and was to use just the Motor. If I would like
>> to registrate that car here in Norway i would have to pay additional 91000
>> US $ . That`s how the famous Norwegian tax work. Best regards     Gudmund
>> Froiland
>>
>>
>> --- Den søn 2010-01-03 skrev doug sedon <sedond at yahoo.com>:
>>
>> > Fra: doug sedon <sedond at yahoo.com>
>> > Emne: Re: [DeTomaso] Shipping from the USA to Europe to sell?
>> > Til: "de tomaso digest" <detomaso at realbig.com>
>> > Kopi: joernco at online.no, Thomas.Tornblom at hax.se
>> > Dato: Søndag 3. januar 2010 18.34
>> > interesting take on taxes in
>> > sweden.  (is likely similar in norway?)  ;~)
>> >
>> >
>> http://www.thedailyshow.com/watch/tue-april-21-2009/the-stockholm-syndrome-pt--1
>> >
>> >
>> http://www.thedailyshow.com/watch/wed-april-22-2009/the-stockholm-syndrome-pt--2
>> >
>> > hippo gnu ears to all,
>> >
>> > doug s., #2602
>> >
>> >
>> >
>> >
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