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      05-27-2011, 09:37 AM   #23
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I think if it was impossible to get one at a dealership a premium would be understandable. Given however if you're happy to ring round you can pick up a new car from a dealer at list price, with immediate delivery, I don't see how a premium is justified?
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      05-27-2011, 01:22 PM   #24
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Won't VAT have to be paid at 20% if this car is bought by someone in the UK??
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      05-27-2011, 04:47 PM   #25
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Something is not quite right here. Buy a car then sell it for more? I'm a quiet kind of guy, don't want to upset anyone, but realy, if I thought that I had made a mistake I would not wish to capitalize?
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      05-27-2011, 06:44 PM   #26
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how can you decide its not for you if you've not had it yet..........youve been at the mad hatters tea party....only kidding...each to their own at the end of the day !!
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      05-28-2011, 07:02 AM   #27
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Quote:
Originally Posted by gaz26 View Post
Won't VAT have to be paid at 20% if this car is bought by someone in the UK??
Correct Gaz - the only time you will be VAT exempt is if the car is older then six months. In which case it would then be classed as Second hand. In order to have an age though it needs to be registered first...lol!
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      05-28-2011, 09:13 AM   #28
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So if anyone buys in the Uk they would have to pay an extra 20% over the advertised price of £49k!! Alice must have paid well below £49k as I don't think Guernsey has VAT.
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      05-28-2011, 09:28 AM   #29
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Quote:
Originally Posted by johnsfb View Post
Sorry, I just don't get this.
How can you tax and insure a car which doesn't have any identification, eg, a number plate? Don't you have to register the car for that?
How did you manage to buy an unregistered car?
Also, I ran your spec through the BMW configurator and it comes in at £44,940 and you're asking £49,000?
Isn't it only a dealer who can sell a new car?
Even if I've got all this wrong, if you've bought the car and now selling it, isn't the car second hand?
PerhaPs she is trying to recover the tax and insurance that she paid?
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      05-28-2011, 09:49 AM   #30
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Quote:
Originally Posted by ///1M View Post
PerhaPs she is trying to recover the tax and insurance that she paid?
She didn't pay tax and insurance because she says she hasn't registered the car. To pay tax or insurance you MUST have a registration number on the tax disc and your insurance certificate.
Following on from that, who is going to buy a car without an identity?
The only way you can do that is from a dealer.

Alice, are YOU a DEALER ??

Last edited by johnsfb; 05-28-2011 at 10:35 AM.
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      05-28-2011, 10:04 AM   #31
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Quote:
Originally Posted by johnsfb View Post
She didn't pay tax and insurance because she says she hasn't registered the car. To pay tax or insurance you MUST have a registration number on the tax disc and your insurance certificate.
Following on from that, who is going to buy a car without an identity?
The only way you can do that is from a dealer.
Thanks for explanation. This makes for an odd scenario.
I don't presume the seller's intention is to attempt to turn a mistake into a profit, although it can't be ruled out? Oh well, it is a free market after all.
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      05-28-2011, 10:50 AM   #32
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Quote:
Originally Posted by johnsfb View Post
She didn't pay tax and insurance because she says she hasn't registered the car. To pay tax or insurance you MUST have a registration number on the tax disc and your insurance certificate.
Following on from that, who is going to buy a car without an identity?
The only way you can do that is from a dealer.

Alice, are YOU a DEALER ??
So Alice drove around whitout insurance? Kinda hard to believe.

There's something fishy here, but I guess we'll never know
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      05-28-2011, 11:07 AM   #33
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Agree all seems strange I guess buyer beware?? Needs a lot more explanation and the price needs a serious drop unless Alice is paying the UK VAT?? Can you please give more details Alice??
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      05-28-2011, 11:48 AM   #34
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Here she says it was worth paying the horrific insurance

http://www.1addicts.com/forums/showthread.php?t=530597

Last edited by Papethova; 05-28-2011 at 11:54 AM.
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      05-28-2011, 12:27 PM   #35
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Quote:
Originally Posted by gs/e60/1m? View Post
So Alice drove around whitout insurance? Kinda hard to believe.

There's something fishy here, but I guess we'll never know
Here in the US... many companies give you 30 days to notify the insurer of a new purchase. So.. you call your agent.. and the vehicle is covered, and the bill comes later... But MANY people buy a car and then call the agent a week or two later to add the insurance, especially when buying a used car. Dealers normally insist that insurance is added before the vehicle leaves the lot..

In any event... She has already posted that she did pay the tax and insurance in advance..


Other than the pricing. which could simply be VAT.. this sounds like a 20 year old young lady with buyers remorse more than it does a person trying to make a quick buck.
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Last edited by M3 Adjuster; 05-28-2011 at 12:35 PM.
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      05-28-2011, 12:40 PM   #36
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Quote:
Originally Posted by M3 Adjuster View Post
Here in the US... many companies give you 30 days to notify the insurer of a new purchase. So.. you call your agent.. and the vehicle is covered, and the bill comes later... But MANY people buy a car and then call the agent a week or two later to add the insurance, especially when buying a used car. Dealers normally insist that insurance is added before the vehicle leaves the lot..

In any event... it looks like she did pay the insurance in advance..


Other than the pricing. which could simply be VAT.. this sounds like a 20 year old young lady with buyers remorse more than it does a person trying to make a quick buck. I think JNM is probably correct... the car is too much car for where she lives...
Thats what I wrote "kinda hard to believe"

But trying to recover everything you've got invested in the car looks a little
to far fetched would'nt you say . Anyways for Alice's sake I hope it will turn
out all right for her.
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      05-28-2011, 02:39 PM   #37
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This is Alice's car complete with numberplates. How did she get number plates without registering the car?
I don't see how this is possible.
Can anybody explain this?

Last edited by johnsfb; 09-05-2011 at 12:08 PM.
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      05-28-2011, 02:49 PM   #38
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Am i the only one wondering how the hell you can afford a 1M at the age of 20?

Ok so maybe that's a bit nosey of me but please do explain Unless it was a present.
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      05-28-2011, 02:58 PM   #39
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Quote:
Originally Posted by aacabriolet View Post
Am i the only one wondering how the hell you can afford a 1M at the age of 20?

Ok so maybe that's a bit nosey of me but please do explain Unless it was a present.
She runs her own business......

Buying and selling cars?
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      05-28-2011, 03:08 PM   #40
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Quote:
Originally Posted by aacabriolet View Post
Am i the only one wondering how the hell you can afford a 1M at the age of 20?

Ok so maybe that's a bit nosey of me but please do explain Unless it was a present.

which also explains why she has changed her mind. I know that I pretty much went ALL IN when I got my first E30 M3... I paid 20K for a car in great condition and I was only earning about 25K a year... I joked with all my friends that I was driving my house payment.. ($527) fortunately I shared a town house with a roommate and my share was only $275 a month.. which would have been about what most people with similar income would put towards their vehicle.
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      05-29-2011, 08:53 AM   #41
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I'm 19 and I sometimes feel "bad" thinking I own such a car as young as I am...

Driving my dad's cars, twice as powerful and twice as exepensive than the 1M is no problem because of there ar not mine, but in my own brand new 1M I must say that sometimes, something's wrong in my mind.......
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      05-29-2011, 02:27 PM   #42
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LOL... We all feel BAD hearing about you too. Actually seriously jealous.... and concerned as well. So many young people don't fare well with powerful cars... (I see the results on a daily basis... well.. actually.. mostly Monday mornings after the weekend).. When I was in high school... the smartest kid in school had rich parents who bought him a 300ZX (young folk can insert 370Z) ... at 16... This kid was the nicest guy... Straight A student... Turned left in front of another car on the way to school in the first week and totalled it.

You might want to delete your post before people start flaming you about how can you afford such a car blah blah... LOL
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      05-29-2011, 03:12 PM   #43
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I can't see how anyone can buy the car as if it really hasn't been registered I can't see how a buyer will hand over the money without seeing the title document which if not registered can't exist?? Also a buyer will want HPI or a similar agency to check there is no finance etc outstanding and without the car having being registered will be a problem??

If to be purchased in the UK there is then the question of paying the VAT and explaining to Customs how you have managed to drive and buy a car that hadn't been registered in Guernsey.

I can understand why Alice might not want it registered as a buyer might not want to be a second owner for such a new car??

Good luck with selling it I see one has already been sold on for over list on Pistonheads so the price might not be too far out if you are also paying the UK VAT and it isn't down to be buyer. It isn't unusual for cars in limited production that are popular to go for over list

My main advice to Alice if it doesn't get a buyer is to clarify a number of the above points in your advert otherwise it raises more questions than answers.
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      06-09-2011, 06:05 AM   #44
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Another prospector?

http://www.autotrader.co.uk/classifi...1500?logcode=p
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