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Dragon 44 coments "Easy option.....pay up front before the end of the year so that your VAT invoice and receipt is issued whilst the level is 17.5%.

Really bad advice if I may say so. Yes, you could save money, but don't you think it would be wiser to make sure that the van is OK and any problems sorted before paying for it?"

Al

Take your point Al, but the question concerned how to avoid the VAT increse. Reckon most folk will be aware of risks of paying out a small fortune without getting the goods e.g. liquidation of the dealer and losing your money. My advice did give both options to the OP and it's up to the OP to decide what suits best.

Pouring down here at Chatsworth so I have the time to consider VAT implications for purchasers straddling the VAT change. Sad, but hopefully the OP will appreciate the guidance. Off to empty the loo now...the day gets better!!!

Phil

Quote: Originally posted by clbewi on 01/11/2010

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I was told with a new car it has to be at the dealers and paid in full before the VAT rise. You can't order it, and even pay in full, if it's delivery date is after the VAT increase.

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Not true, I bought mine on 31/12/09, but was still at the factory until mid Jan due to bad weather, it was reg on 31/12/09 though and not mid jan.

Only a deposit was paid and a small finance agreement started to take advantage of a cashback scheme

If you have any doubts & feel you need confirmation, why not phone the Vat office or go & ask an accountant. The Vat office would be free but you may have to pay an accountant.

BB

The dealer assures me, I will not pay anymore than agreed and has sent me new paperwork. I guess I will have to put my faith in them and hope they remain true to their word.

Its all too complicate for me to understand it.