Buying a van - VAT question

Wywth

martek wrote: »

I bought my T5 van in December 2012 from the dealer (6 months old - look stunning, sport+s pack, ect ). Paid for it 14,998+vat. Because I'm not vat registered i can't claim vat back. I am trying to sell it atm and it doesn't happen for some reason. My quastion is: can the new owner claim VAT back as long as is VAT registered? And can i put in my advert e.g: 14,998+vat or it needs to be price without vat, cos atm the price is 17,000 and i think it puts ppls off.
Hope u understand where am i coming from?

many thanks

You cannot charge VAT unless you are VAT registered.

As you will not be charging VAT, there will be no VAT for any new owner to claim.

martek

Wywth wrote: »

You cannot charge VAT unless you are VAT registered.

As you will not be charging VAT, there will be no VAT for any new owner to claim.

Thanks a lot for a quick response.
That means that I am losing a lot of money (about 3000 pounds ) unless i will sell it to a private person. Am I right?

Wywth

martek wrote: »

Thanks a lot for a quick response.
That means that I am losing a lot of money (about 3000 pounds ) unless i will sell it to a private person. Am I right?

If you buy any vehicle from a dealer, especially quite a new one, you will usually lose a shedload of money if you then sell it 6 months later.

Most new(ish) vehicles lose £1000s as soon as you drive it off the forecourt.

You also gave the taxman £3k. You won't see that again, sorry.

martek

Wywth wrote: »

If you buy any vehicle from a dealer, especially quite a new one, you will usually lose a shedload of money if you then sell it 6 months later.

Most new(ish) vehicles lose £1000s as soon as you drive it off the forecourt.

You also gave the taxman £3k. You won't see that again, sorry.

Great news.....not!
Can I register another person as a co-owner of my van who is vat-registered?

many thanks for any help

Wywth

martek wrote: »

Great news.....not!
Can I register another person as a co-owner of my van who is vat-registered?

many thanks for any help

You don't normally register ownership of a vehicle anywhere, except possibly with a finance house. But your finance agreement was made between you and the finance house.

If you want to sell it, don't forget to tell the finance house who will probably ask you to settle the finance first.
(If you sell to a dealer, they will usually square things for you with the finance house)

If another person is willing to be registered as the registered keeper, DVLA won't care (but then when you come to sell it it'll have 2 previous keepers on the log book)
Talk to the finance house before you attempt to register the vehicle in someone else's name - they may object.