Selling a 'Vette in Germany
#1
Selling a 'Vette in Germany
Hiya - dunno if anyone out there has experience with this, but it seems a reasonable place to ask.
I'm military, and just got transferred to Germany. The Army will only ship one car to Europe for us and due to the fact that I have a wife and two kids, it had to be the Wagon Queen Family Truckster.
BUT... if I want to cough up the cash ($1600) I can ship another car. Which would be, of course, my mint condition 2002 Electron Blue convertible, with 9500 miles and every option.
Yes, yes, I know what a hoot it would be to face off against 911s on the Autobahn, but what I'd really like to know is whether I can sell it on the German market when it's time to come home in three years? With the dollar/euro exchange rate, it would be a big win, and most importantly it would convince household-6 (the wife) that it makes financial good sense... as opposed to me just wanting my toy to come along for the ride.
Anybody have any knowledge of gray marketing a US-spec Corvette in Europe? Mechanical or other modifications needed? Legal hurdles?
All assistance appreciated!
I'm military, and just got transferred to Germany. The Army will only ship one car to Europe for us and due to the fact that I have a wife and two kids, it had to be the Wagon Queen Family Truckster.
BUT... if I want to cough up the cash ($1600) I can ship another car. Which would be, of course, my mint condition 2002 Electron Blue convertible, with 9500 miles and every option.
Yes, yes, I know what a hoot it would be to face off against 911s on the Autobahn, but what I'd really like to know is whether I can sell it on the German market when it's time to come home in three years? With the dollar/euro exchange rate, it would be a big win, and most importantly it would convince household-6 (the wife) that it makes financial good sense... as opposed to me just wanting my toy to come along for the ride.
Anybody have any knowledge of gray marketing a US-spec Corvette in Europe? Mechanical or other modifications needed? Legal hurdles?
All assistance appreciated!
#3
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Hiya - dunno if anyone out there has experience with this, but it seems a reasonable place to ask.
I'm military, and just got transferred to Germany. The Army will only ship one car to Europe for us and due to the fact that I have a wife and two kids, it had to be the Wagon Queen Family Truckster.
BUT... if I want to cough up the cash ($1600) I can ship another car. Which would be, of course, my mint condition 2002 Electron Blue convertible, with 9500 miles and every option.
Yes, yes, I know what a hoot it would be to face off against 911s on the Autobahn, but what I'd really like to know is whether I can sell it on the German market when it's time to come home in three years? With the dollar/euro exchange rate, it would be a big win, and most importantly it would convince household-6 (the wife) that it makes financial good sense... as opposed to me just wanting my toy to come along for the ride.
Anybody have any knowledge of gray marketing a US-spec Corvette in Europe? Mechanical or other modifications needed? Legal hurdles?
All assistance appreciated!
I'm military, and just got transferred to Germany. The Army will only ship one car to Europe for us and due to the fact that I have a wife and two kids, it had to be the Wagon Queen Family Truckster.
BUT... if I want to cough up the cash ($1600) I can ship another car. Which would be, of course, my mint condition 2002 Electron Blue convertible, with 9500 miles and every option.
Yes, yes, I know what a hoot it would be to face off against 911s on the Autobahn, but what I'd really like to know is whether I can sell it on the German market when it's time to come home in three years? With the dollar/euro exchange rate, it would be a big win, and most importantly it would convince household-6 (the wife) that it makes financial good sense... as opposed to me just wanting my toy to come along for the ride.
Anybody have any knowledge of gray marketing a US-spec Corvette in Europe? Mechanical or other modifications needed? Legal hurdles?
All assistance appreciated!
In Japan, you could sell your car to a Japanese National, no questions asked. Registration was up to them so i have no idea how that worked, but you would not be responsible for it.
In Italy, when our cars arrived in the country the were tagged and licensed by the base. Technically they were "duty free" and not in the Italian system, it was as if they never left American Soil. Because of this, Americans could never, under any circumstance sell a car to an Italian National, not even Italian spec cars they bought in Italy when they got to the country.
So basically, you need to check with the base that you will be stationed for the local regulations
#6
Le Mans Master
I was at Ramstein from 03-06. The biggest thing you'll run into is the Taxes that a local buyer will have to pay so even though they are willing to pay more, most of that gets eaten up with taxes. Also sending you a PM
#8
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Theres no problem with selling on the local market and there are loads of gray imports in every country.
The main mods are to lighting to comply with Euro standards (headlights, sidelights, DRLs, side repeaters and a rear foglight.
C5Frederick could give you the details for Germany.
The tax laws are slightly different in each country so I'll leave a Ge local to comment. In UK you pay a car tax (10%) plus VAT (normally 17.5%) on each sale if you'd imported tax free within certain time limits. Once you'd owned it for 12 months theres no tax on a private used car sale. You'd import tax free as a military guy.
I've imported 3 US cars into England over the years.
I've done the lighting mods so I can help there
The main mods are to lighting to comply with Euro standards (headlights, sidelights, DRLs, side repeaters and a rear foglight.
C5Frederick could give you the details for Germany.
The tax laws are slightly different in each country so I'll leave a Ge local to comment. In UK you pay a car tax (10%) plus VAT (normally 17.5%) on each sale if you'd imported tax free within certain time limits. Once you'd owned it for 12 months theres no tax on a private used car sale. You'd import tax free as a military guy.
I've imported 3 US cars into England over the years.
I've done the lighting mods so I can help there
Last edited by DeeGee; 07-30-2008 at 02:30 PM.
#9
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The german customs duty is 10% and on the sum 19% tax on imported cars.
In addition to this comes ~ 2K € (minimum) for technical mods, acceptance test by german TÜV and german registration/new title and certificates of exemption.
Have a good time in germany .
In addition to this comes ~ 2K € (minimum) for technical mods, acceptance test by german TÜV and german registration/new title and certificates of exemption.
Have a good time in germany .
#10
Lepus-temperamentalus
Theres no problem with selling on the local market and there are loads of gray imports in every country.
The main mods are to lighting to comply with Euro standards (headlights, sidelights, side repeaters and a rear foglight.
C5Frederick could give you the details for Germany.
The tax laws are slightly different in each country so I'll leave a Ge local to comment. In UK you pay a car tax (10%) plus VAT (normally 17.5%) on each sale if you'd imported tax free within certain time limits. Once you'd owned it for 12 months theres no tax on a private used car sale. You'd import tax free as a military guy.
I've imported 3 US cars into England over the years.
The main mods are to lighting to comply with Euro standards (headlights, sidelights, side repeaters and a rear foglight.
C5Frederick could give you the details for Germany.
The tax laws are slightly different in each country so I'll leave a Ge local to comment. In UK you pay a car tax (10%) plus VAT (normally 17.5%) on each sale if you'd imported tax free within certain time limits. Once you'd owned it for 12 months theres no tax on a private used car sale. You'd import tax free as a military guy.
I've imported 3 US cars into England over the years.
#11
Burning Brakes
Take the Vette with you there and buy a new German family car when you get there... btw my sister and borther inlaw are AirForce stationed in Ramstien
#12
Racer
Hi,
USD 1600 seems a lot, my Dutch Chapter buddies and me ship for around USD 900 per car from the states.
In terms of selling - no problems with that. Just imported a US version C5 and the only thing which are needed is adjustment on the lights:
- must have orange blinkers on both sides
- need fog lamp on the back
- disable of day time running lights
That's about it!
But note that this only applies if you sell locally, since you are a US citizen your car will not need the changes for driving it on European roads. So it is the problem of the buyer.
can you send me some pics on the car?
Mike
USD 1600 seems a lot, my Dutch Chapter buddies and me ship for around USD 900 per car from the states.
In terms of selling - no problems with that. Just imported a US version C5 and the only thing which are needed is adjustment on the lights:
- must have orange blinkers on both sides
- need fog lamp on the back
- disable of day time running lights
That's about it!
But note that this only applies if you sell locally, since you are a US citizen your car will not need the changes for driving it on European roads. So it is the problem of the buyer.
can you send me some pics on the car?
Mike
Last edited by Michaelw; 07-30-2008 at 02:18 PM.
#14
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Not sure how it works in Germany, but if you can afford it, take the car. What a way to see Europe.
#15
Bringing this long dead thread back because it seems the most on topic to my particular question.
It looks like '06 C6 Z06s sell for 50k euro or more in Germany. I am considering buying one to have the army ship it for free, and then selling it there. 50k euro is around 70k US dollars. I can get a Z06 here for around 45k US dollars. Would this be a good move?
My understanding is that I would not pay any customs fees, import taxes/tariffs, etc... However, would it be worth the hassle? Realistically, will I make a profit?
If not, I'm just going to have them ship my '97 over.
Can anyone help me?
It looks like '06 C6 Z06s sell for 50k euro or more in Germany. I am considering buying one to have the army ship it for free, and then selling it there. 50k euro is around 70k US dollars. I can get a Z06 here for around 45k US dollars. Would this be a good move?
My understanding is that I would not pay any customs fees, import taxes/tariffs, etc... However, would it be worth the hassle? Realistically, will I make a profit?
If not, I'm just going to have them ship my '97 over.
Can anyone help me?