Bringing GT350 back
Discussion
I temporarily relocated to the US and bought a 2019 GT350. It's a great car and lots of fun.
I'm due to return to the UK this summer, and am thinking whether or not to bring the GT350 with me. The import process seems well trodden, and as I've owned for >6 months in the US, I should be able to bring back without import tax.
A key motivation for bringing back is that I cannot immediately think of another car to replace it with, even if I materially increased my budget...I really enjoy the manual gearbox, relatively powerful characterful NA V8, and handling
If I did bring back, plan would be to own it in the UK for a couple of years and then sell on. My main concern is the market for these cars in the UK -- is this likely to be extremely difficult to sell without taking a large loss?
What would you do? F
I'm due to return to the UK this summer, and am thinking whether or not to bring the GT350 with me. The import process seems well trodden, and as I've owned for >6 months in the US, I should be able to bring back without import tax.
A key motivation for bringing back is that I cannot immediately think of another car to replace it with, even if I materially increased my budget...I really enjoy the manual gearbox, relatively powerful characterful NA V8, and handling
If I did bring back, plan would be to own it in the UK for a couple of years and then sell on. My main concern is the market for these cars in the UK -- is this likely to be extremely difficult to sell without taking a large loss?
What would you do? F
Given your clear enjoyment of the car and the difficulty finding a suitable replacement, I would bring it. The potential resale hit seems worth it for a couple years of enjoyment with a special car you already know you love. The UK's enthusiast community is strong, and while it might take longer to sell than in the US, you should find a buyer who appreciates what makes the GT350 special.
Another point to consider is that while you avoid import tax, you'll still have shipping costs and potentially some conversion work (lights, speedometer, etc.). Also, insurance might be more expensive for a rare, LHD performance car.
Another point to consider is that while you avoid import tax, you'll still have shipping costs and potentially some conversion work (lights, speedometer, etc.). Also, insurance might be more expensive for a rare, LHD performance car.
paddy1970 said:
Given your clear enjoyment of the car and the difficulty finding a suitable replacement, I would bring it. The potential resale hit seems worth it for a couple years of enjoyment with a special car you already know you love. The UK's enthusiast community is strong, and while it might take longer to sell than in the US, you should find a buyer who appreciates what makes the GT350 special.
Another point to consider is that while you avoid import tax, you'll still have shipping costs and potentially some conversion work (lights, speedometer, etc.). Also, insurance might be more expensive for a rare, LHD performance car.
Will just be rear indicators that would need a conversion from red to amber and a rear foglight will need to be fitted, headlights as far as I am aware on the S550 Mustang is a flat beam so no mods needed, speedo will be in mph so nothing required there.Another point to consider is that while you avoid import tax, you'll still have shipping costs and potentially some conversion work (lights, speedometer, etc.). Also, insurance might be more expensive for a rare, LHD performance car.
Quite a few specialist insurance companies have no problem with LHD ( I pay around £300 a year for mine)
Ori1234 said:
I temporarily relocated to the US and bought a 2019 GT350. It's a great car and lots of fun.
I'm due to return to the UK this summer, and am thinking whether or not to bring the GT350 with me. The import process seems well trodden, and as I've owned for >6 months in the US, I should be able to bring back without import tax.
A key motivation for bringing back is that I cannot immediately think of another car to replace it with, even if I materially increased my budget...I really enjoy the manual gearbox, relatively powerful characterful NA V8, and handling
If I did bring back, plan would be to own it in the UK for a couple of years and then sell on. My main concern is the market for these cars in the UK -- is this likely to be extremely difficult to sell without taking a large loss?
What would you do? F
There was 2020 GT350 R sold a couple of nights ago on "Collecting Cars" I'm due to return to the UK this summer, and am thinking whether or not to bring the GT350 with me. The import process seems well trodden, and as I've owned for >6 months in the US, I should be able to bring back without import tax.
A key motivation for bringing back is that I cannot immediately think of another car to replace it with, even if I materially increased my budget...I really enjoy the manual gearbox, relatively powerful characterful NA V8, and handling
If I did bring back, plan would be to own it in the UK for a couple of years and then sell on. My main concern is the market for these cars in the UK -- is this likely to be extremely difficult to sell without taking a large loss?
What would you do? F
Covered under 1800 miles, Usual white with blue stripes, Sold for £78,850 plus 6% buyers commission,
Edited by ratrod 2 on Tuesday 25th February 19:48
ratrod 2 said:
There was 2020 GT350 R sold a couple of nights ago on "Collecting Cars"
Covered under 1800 miles, Usual white with blue stripes, Sold for £78,850 plus 6% buyers commission,
That was ridiculous. The owner must have been desperate. He changed the auction to 'No Reserve' in the last 15 minutes. Covered under 1800 miles, Usual white with blue stripes, Sold for £78,850 plus 6% buyers commission,
Edited by ratrod 2 on Tuesday 25th February 19:48
He gave it away.
Whoever bought it probably hasn't stopped laughing yet.
Emcojim said:
ratrod 2 said:
There was 2020 GT350 R sold a couple of nights ago on "Collecting Cars"
Covered under 1800 miles, Usual white with blue stripes, Sold for £78,850 plus 6% buyers commission,
That was ridiculous. The owner must have been desperate. He changed the auction to 'No Reserve' in the last 15 minutes. Covered under 1800 miles, Usual white with blue stripes, Sold for £78,850 plus 6% buyers commission,
Edited by ratrod 2 on Tuesday 25th February 19:48
He gave it away.
Whoever bought it probably hasn't stopped laughing yet.
I thought it had sold so maybe the winning bidder didn't buy it in the end for what ever reason.
I think when the auction house put no reserve near the end it means it's made it's reserve otherwise
it would have stated it was no reserve from the beginning of the auction ,
Maybe the owner dropped the reserve last minute as the auction will call you trying to get you
to reduce the price a hour or so before the end .
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