TommyP

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Posts posted by TommyP

  1. Posted

    Just now, jason doyle motor sales said:

    theres many a small one man/woman/genderless person un vat- d  registered who just wants a low priced van for his water tank in the back for his window cleaning round and doesnt want to pay the vodka and tonic etc

     

    so its a 2 edged swordy..........

    Agree and the vans I’ve sold so far have been to exactly that. 

    And vans sub £3K I think there are no issues with not being VAT reg, but when you start looking at £4 - £5 I’m finding typically the buyers are VAT Registered, but I am pricing them competitively with those that are VAT Reg so it almost doesn’t matter if you get my drift? 

     

  2. Posted

    1 hour ago, Nick M.K. said:

    Do you mean that you currently buy a van + VAT, then sell it without the ability to add VAT on top of the sale price?

    It might be better to stick to margin vehicles (even margin vans) for the couple of months that will take you to reach the threshold. Then you can actually have some benefit of not having to pay that VAT. As it stands if the answer to my question is YES you pay that VAT in advance without ability to recover it. 

    Hi Nick,

    So I currently buy vans from auction and get charged VAT (obviously). 

    Agree with the second point about selling cars (marginal vans are hard to come by from what I can see) but I do quite like the thought of Vans Vs cars

    I was speaking to EPV the other night about this and it’s a difficult one! 

    8 minutes ago, David Horgan said:

    Buy a van with VAT and sell with the vat because you have paid it on purchase . WHY would I as a van buyer thats VAT registered buy from you then because you cant give me a VAT invoice to claim it back .

    I would move on from your advert if i was looking . Then buy from a Vat registered trader .  

    Yes this is my worry, although I have sold a few I’m wondering how many customers I’m turning away behind the screens! 

  4. Posted

    Hi All,

    So I’ve just taken the step to set up my own Dealership, up north selling mainly commercials with the odd car on the side. 

    Brand Spanking New and obviously haven’t hit the VAT threshold yet. 

    So my question is, 

    I’m selling commercials with NO VAT which on vans seems to be a bit of a put off and also you look more expensive in search and find yourself lower down the page. 

    I wanted to enjoy quarter or two not paying VAT whilst under the threshold but am I just delaying the inevitable and screwing my self over at the same time?

    Thanks in advance,

    Tom