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Private sale what do I ask for ?

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Private sale what do I ask for ?

Postby jasonx » Thu May 11, 2017 6:41 pm

I,m looking to sell my custom limited but I have no idea how much to ask for it ?
It has been my car not a work vehicle and I am not vat registered .
What do I do about VAT ? for example say the van is worth £10000 + vat should I ask for 12000 for a private sale ?
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Re: Private sale what do I ask for ?

Postby bigjohnthomas » Thu May 11, 2017 6:54 pm

Yus :)
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Re: Private sale what do I ask for ?

Postby Punto443 » Thu May 11, 2017 7:36 pm

Yes whack the total price together.

Do some research on prices, find similar vans and see what their prices are.
It's not rocket science eh!

Don't ask people "what's it worth?" Because it's everybody's different!

I.e it's worth nothing to me :lol:
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Re: Private sale what do I ask for ?

Postby jasonx » Thu May 11, 2017 8:54 pm

Cheers guys It was mainly the VAT bit i was confused about
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Re: Private sale what do I ask for ?

Postby Altransit » Thu May 11, 2017 9:31 pm

jasonx wrote:Cheers guys It was mainly the VAT bit i was confused about

If you're not VAT registered, then you can't charge VAT on the sale.
You can, of course, add an amount to the price you're selling for, to cover the VAT that you paid, but you can't show it as VAT on the invoice.
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Re: Private sale what do I ask for ?

Postby S60r » Fri May 12, 2017 6:05 am

The Vat is explained above.... your van will be very attractive to non vat registered people like yourself. It should be advertised with **VAT FREE** or **VAT exempt** as the title! If you get the price right it will fly out the door.

My van was VAT free and only 6 months old when I bought it and there were loads after it. I got Lucky with timing.

The VAT element is paid by the original buyer (if they are vat registered they claim it back and then pass it on to the next owner as a separate charge at point of sale) if they are not registered they don't pass it on and have to swallow the VAT themseselves.
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Re: Private sale what do I ask for ?

Postby bigjohnthomas » Fri May 12, 2017 7:09 am

Roundabouts and swings init
Its higher price will also make it unattractive to a lady that's vat reg
I paid the vat on mine but it still made it cheaper than similar with "no vat" at the time
As long as it doesn't go in to limp mode during a test drive some c*** will buy it :P
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Re: Private sale what do I ask for ?

Postby S60r » Fri May 12, 2017 7:17 am

its all about getting the price right.

My advice .... if for example equivalent vans are 10k plus vat say.... if you pitch yours at circa 11k, the non vat chaps will come calling. Expect to see 10.5 to 11k.

Apply the maths accordingly to your situation.

Then just pray the limp mode stays away :wink:
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Re: Private sale what do I ask for ?

Postby bigjohnthomas » Fri May 12, 2017 7:58 am

If similar vans are 10 +vat then you want 12 for yours or 13and a half even
1 lady vicar owner and all that
f*** em :)
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Re: Private sale what do I ask for ?

Postby Twocky61 » Fri May 12, 2017 3:50 pm

You could ask for sensible offers Jason
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Re: Private sale what do I ask for ?

Postby FlyCatcher » Fri May 12, 2017 6:03 pm

jasonx wrote:I,m looking to sell my custom limited but I have no idea how much to ask for it ?
It has been my car not a work vehicle and I am not vat registered .
What do I do about VAT ? for example say the van is worth £10000 + vat should I ask for 12000 for a private sale ?

If it is a private sale & you are not vat registered you do not charge extra vat & you do not pay any vat
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Re: Private sale what do I ask for ?

Postby Little lofty » Fri May 12, 2017 6:58 pm

There are plenty of online van buyers ( similar to we buy any car etc) who will give you a trade price for it. That will give you an idea of its value, you will get more for a private sale. As already mentioned you can't add vat, but at least whatever you get is yours, I'll have to give the Vat Man 20% when I sell mine.
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Re: Private sale what do I ask for ?

Postby boltondigger » Fri May 12, 2017 7:47 pm

What ya sellin? some pics possibly?
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Re: Private sale what do I ask for ?

Postby bigjohnthomas » Fri May 12, 2017 8:12 pm

Oh yeah :x
buying a custom? 8)
You can join mine and loots gang then :P
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Re: Private sale what do I ask for ?

Postby Mike » Fri May 12, 2017 8:24 pm

Little lofty wrote: I'll have to give the Vat Man 20% when I sell mine.


Which will be less than he gave you when you bought it :roll:
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