Worlds Most Expensive Sagaris?
Discussion
Damn.
Time to change the agreed price on my insurance I think!
I was chatting with Ian at H&M on Weds about where we thought Sag prices would stop.
His opinion was £55-60k. Mine was higher based on what people would be willing to
pay for a dwindling supply of what is bound to be a "classic" in a global market place.
I think I've won that argument
Time to change the agreed price on my insurance I think!
I was chatting with Ian at H&M on Weds about where we thought Sag prices would stop.
His opinion was £55-60k. Mine was higher based on what people would be willing to
pay for a dwindling supply of what is bound to be a "classic" in a global market place.
I think I've won that argument
Although there are no import duties as such you have to pay a 'First Registration Tax' which would be 40% of the declared value of the car which would also include the other fees associated with getting the car to Hong Kong such as freight, insurance, shipping company fees and the cost of the compliance test.
I wonder if you would fall foul of the law if you then tried to sell the car for significantly more than you declared it's value at first registration?
http://www.td.gov.hk/en/public_services/licences_a...
I wonder if you would fall foul of the law if you then tried to sell the car for significantly more than you declared it's value at first registration?
http://www.td.gov.hk/en/public_services/licences_a...
V8 GRF said:
Although there are no import duties as such you have to pay a 'First Registration Tax' which would be 40% of the declared value of the car which would also include the other fees associated with getting the car to Hong Kong such as freight, insurance, shipping company fees and the cost of the compliance test.
It's a lot more than that.40% on the first £12.5k of value only, 75% on the next £12.5k, 100% on the following £16.6k and 110% on the remaining value. Then add the other fees mentioned.
Still, better than Singapore at 200%+.
Justices said:
V8 GRF said:
Although there are no import duties as such you have to pay a 'First Registration Tax' which would be 40% of the declared value of the car which would also include the other fees associated with getting the car to Hong Kong such as freight, insurance, shipping company fees and the cost of the compliance test.
It's a lot more than that.40% on the first £12.5k of value only, 75% on the next £12.5k, 100% on the following £16.6k and 110% on the remaining value. Then add the other fees mentioned.
Still, better than Singapore at 200%+.
Methinks, the price bubble has yet to burst, like it did 7 years ago. When it does perhaps we can all replace our V8s and 6 engines with electric motors! Gone will be the nostalgic rumble of a V8, replaced instead with the zippyy zippyy sound of London underground trains. Hope, hope not!!
Edited by EGB on Saturday 24th December 10:00
There was a Mk2 Targa Tuscan for sale in Florida in January this year.
I called and was told they had offers in excess of $100k and it was sold.
It later appeared on tinternet with a price tag of $298k.
It was also on the Celebrity Cars Dealership and was sold.
If they were US road legal the prices would change.
I called and was told they had offers in excess of $100k and it was sold.
It later appeared on tinternet with a price tag of $298k.
It was also on the Celebrity Cars Dealership and was sold.
If they were US road legal the prices would change.
so called said:
There was a Mk2 Targa Tuscan for sale in Florida in January this year.
I called and was told they had offers in excess of $100k and it was sold.
It later appeared on tinternet with a price tag of $298k.
It was also on the Celebrity Cars Dealership and was sold.
If they were US road legal the prices would change.
Ah yes, that car. Not sure where it is now but it was last registered in Alaska. By all accounts it was brought into the country piece by piece and re-assembled. From that point on, registering it and proving it's origin (which is a requirement) becomes problematic. Unless you're in Florida or Alaska where you can register a coat hanger as a car that is. Moving it on from these states will not be easy.I called and was told they had offers in excess of $100k and it was sold.
It later appeared on tinternet with a price tag of $298k.
It was also on the Celebrity Cars Dealership and was sold.
If they were US road legal the prices would change.
Having said that, you can get modern TVR's into the USA legally. Sadly it's not a simple process as it involves dismantling it, changing bits to DOT spec, a change of manufacturer name (the difficult part), import & customs, re-assembly, and then registration. It works out as a pretty costly process! Think full top spec engine rebuild, full respray and full interior re-trim type cost, just to get it there.
It's worth noting though that its value would quadruple once there, assuming you could sell it.
dvs_dave said:
Ah yes, that car. Not sure where it is now but it was last registered in Alaska. By all accounts it was brought into the country piece by piece and re-assembled. From that point on, registering it and proving it's origin (which is a requirement) becomes problematic. Unless you're in Florida or Alaska where you can register a coat hanger as a car that is. Moving it on from these states will not be easy.
Having said that, you can get modern TVR's into the USA legally. Sadly it's not a simple process as it involves dismantling it, changing bits to DOT spec, a change of manufacturer name (the difficult part), import & customs, re-assembly, and then registration. It works out as a pretty costly process! Think full top spec engine rebuild, full respray and full interior re-trim type cost, just to get it there.
It's worth noting though that its value would quadruple once there, assuming you could sell it.
Hi again Dave,Having said that, you can get modern TVR's into the USA legally. Sadly it's not a simple process as it involves dismantling it, changing bits to DOT spec, a change of manufacturer name (the difficult part), import & customs, re-assembly, and then registration. It works out as a pretty costly process! Think full top spec engine rebuild, full respray and full interior re-trim type cost, just to get it there.
It's worth noting though that its value would quadruple once there, assuming you could sell it.
Yes I heard about the Alaska plates.
Funny thing was, I called celebrity cars in Vegas and pretended that I was thinking of getting my Tuscan over to try to sell.
They told me to contact the original dealer in Florida.
Seems there's a conection which I find interesting.
so called said:
They told me to contact the original dealer in Florida.
I looked into this in a bit of detail and the original dealer in FL was the one that brought it into the country, literally in little bits, reassembled it and titled it there. You can title virtually anything in FL and with minimal paperwork or proof of origin. Always be wary of a secondhand car that's spent some time in FL. I've since learned that its were you send a car to have it's history laundered, so to speak.
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