Discounts on LC GS

[Deleted account 211025001]

It all seems rather a lot effort.
What a waste of energy.

Ah well, I suppose it's guys like me that can't be arsed with all that bullshit that lets others have their 5% so I reckon you owe me a few pints roundincircles

Guess that's why I'll never be rich, ho hum...................

Andres

 

[roundincircles]

Yes, it is a load of Bo....ks really but I have the time and when I worked it would take me some time to earn a few bob as Tony and his sort of mate Gordon used to take 50% or more.........income tax, NI, VAT, insurance tax, registration tax, road tax, drown your sorrows drink tax, trip to the sun airport tax, pension we need more off you tax, lets make petrol more expensive than whiskey tax, did I mention drink tax.........so there

 

[roundincircles]

Yes, it is a load of Bo....ks really but I have the time and when I worked it would take me some time to earn a few bob as Tony and his sort of mate Gordon used to take 50% or more.........income tax, NI, VAT, insurance tax, registration tax, road tax, drown your sorrows drink tax, trip to the sun airport tax, pension we need more off you tax, lets make petrol more expensive than whiskey tax, did I mention drink tax.........so there

So I blame Tony Blair for causing me to waste my time asking for discounts and Gordon Brown for accusing people of being bigots if they did not agree with his views..........he must be on this forum........ahhhhhhh, who is from Scotland?

 

[Old Den]

discounts on New GS

Question for someone who really knows.
If my memory is correct the VAT paid when you buy a new bike is an agreed figure with HMRC and is set in stone. For example if the Vat element is £1000 and the dealer gave you 100% discount you will still pay £1000 to HMRC. Hence if you trade your old bike in on a new GS 2013 spec the Vat element will be on the full agreed retail price before allowance is taken off for you trade in.
Perhaps we have a dealer on here who can clarify this.
Take care out there..................

 

[JohnnyBoxer]

Question for someone who really knows.
If my memory is correct the VAT paid when you buy a new bike is an agreed figure with HMRC and is set in stone. For example if the Vat element is £1000 and the dealer gave you 100% discount you will still pay £1000 to HMRC. Hence if you trade your old bike in on a new GS 2013 spec the Vat element will be on the full agreed retail price before allowance is taken off for you trade in.
Perhaps we have a dealer on here who can clarify this.
Take care out there..................

I don't think this is correct, the Vat is calculated on the new net price of the new vehicle, after any discount or accessories are added

Thus the Vat is always a sliding 20% currently

1st Reg Fee and VED, do not attract Vat

 

[roundincircles]

Question for someone who really knows.
If my memory is correct the VAT paid when you buy a new bike is an agreed figure with HMRC and is set in stone. For example if the Vat element is £1000 and the dealer gave you 100% discount you will still pay £1000 to HMRC. Hence if you trade your old bike in on a new GS 2013 spec the Vat element will be on the full agreed retail price before allowance is taken off for you trade in.
Perhaps we have a dealer on here who can clarify this.
Take care out there..................

VAT is applied to the invoice price, whatever that is. Thus it is 20% addition to whatever the invoice price arrives at.

Of course the dealer cost price is fixed by BMW so VAT is fixed. on that invoice from BMW. The cost is then increased by the dealer margin to the customer and VAT applied to the new cost.

The one complication is second hand bikes where the dealer is forced to pay VAT on the difference between purchase cost and sale price irrespective of what he spends on tyres, paint remedial work, mechanical repairs etc. Thus they will carefully look at tyres, paint and service condition and reduce trade in offer accordingly.

 

[Packer]

I have ordered a CVO Road King but HD cannot confirm build.

I've never been remotely interested in a Harley so didn't know what a CVO Road King was. Spoke to my pal Google and saw a picture that looked like a Harley, every Harley, with a price tag "starting at £25,295".

I'm glad that there are people in the world desperate enough to buy a heavy, slow ill handling behemoth with crap suspension and next to no ground clearance as if everyone was like me Harley would be history.

>£25k to pose

I suppose it will keep you busy trying to stop the fasteners and exhaust from rusting away.

 

[karlp]

.........
The one complication is second hand bikes where the dealer is forced to pay VAT on the difference between purchase cost and sale price irrespective of what he spends on tyres, paint remedial work, mechanical repairs etc. Thus they will carefully look at tyres, paint and service condition and reduce trade in offer accordingly.

So a guy buys a bike for £1000
spends £9000 doing it up i.e. a restoration

sells it for £11000

difference between purchase and selling is £10000

Therefore he pays HMRC £2000 according to you.

net loss £1000

My understanding is that VAT is paid on the profit after all costs are taken into consideration which on the above example would be

an £800 profit

 

[roundincircles]

Packer. Like you I have never been interested in ownership but I'm going to give it a go and find out what the hoopla is all about. Good or Bad......probably somewhere in between would be my guess and it is a guess as I've never owned one, only ridden one 30 miles or so.

But I appreciate you sharing your expertise and judgement.

 

[roundincircles]

So a guy buys a bike for £1000
spends £9000 doing it up i.e. a restoration

sells it for £11000

difference between purchase and selling is £10000

Therefore he pays HMRC £2000 according to you.

net loss £1000

My understanding is that VAT is paid on the profit after all costs are taken into consideration which on the above example would be

an £800 profit

Yes, understand what your saying but talk to a bike dealer and he will say he has to pay VAT on second hand bike sales and it is on the profit ie difference between purchase price and sale price which is considered the added value by THE TAXMAN. irrespective of any extra cost incurred by the dealer in prepping the bike.

 

[The Grey One]

So a guy buys a bike for £1000
spends £9000 doing it up i.e. a restoration

sells it for £11000

difference between purchase and selling is £10000

Therefore he pays HMRC £2000 according to you.

net loss £1000

My understanding is that VAT is paid on the profit after all costs are taken into consideration which on the above example would be

an £800 profit

As was said a dealer but not a private seller has to pay VAT based on the difference between what he paid for it and what he sold it for. Anything he spends in the bike does not come into this equation. In your example he would pay 20% VAT on the difference and indeed end up paying £2000 to HMRC. He would, however have been able to claim VAT back on parts in the usual way.

One reason why people don't do such work on spec. We used to do major restoration work on cars, always the customer either brought his own car in or paid for the basket case we were starting with.

We are talking about HMRC, don't expect it to be fair!

John

 

[Nutty]

Packer. Like you I have never been interested in ownership but I'm going to give it a go and find out what the hoopla is all about. Good or Bad......probably somewhere in between would be my guess and it is a guess as I've never owned one, only ridden one 30 miles or so.

But I appreciate you sharing your expertise and judgement.

I can't believe you've only ridden one for 30 miles and are about to she'll out £25k on one I thought you were shrewd initially, now I realise you're barking mad

 

[roundincircles]

I can't believe you've only ridden one for 30 miles and are about to she'll out £25k on one I thought you were shrewd initially, now I realise you're barking mad

Nutty, no your misguided as I'm barking bike mad.

Some of us have reached an age when we need to get on with it. We are no longer young springers. Harley is one bike I have never owned and want to do it in the limited time left........this will be my last and first Harley so why not get one of the best?

Now I ride about 15k to 20k miles per year. That does not make me a good rider but gives me the ability to know what I like and it is different from you I will wager!

I'm primarily motivated, no pun intended, by engine character and the Harley has it in spades, have you tried their bigger V twins? No, shame on you

I also judge you can get the measure of a bike in the first 100 metres and the next 10,000 kilometres you spend the time confirming your prejudice. Know what I mean?

Now lets examine the CVO cost at £25,000 and compare it with a K1600 GTL which cost me £20,000 after discount 17 months ago and is now worth £12.5k, a cost of £7.5. The Harley will likely cost £3k to £5k over a similar period.

Tell me which is the better deal, BMW or Harley. Careful, as the answer reveals your prejudice

I love my BMW's and I think they are fun bikes but until I own and ride a Harley some considerable distance my biking life will be incomplete!

 

[Pablo1]

Now lets examine the CVO cost at £25,000 and compare it with a K1600 GTL which cost me £20,000 after discount 17 months ago and is now worth £12.5k, a cost of £7.5. The Harley will likely cost £3k to £5k over a similar period.

Assuming your happy with the bike, then this purely financial cost analysis is indisputable IMHO

 

[Budweiser]

Nutty, no your misguided as I'm barking bike mad.

Some of us have reached an age when we need to get on with it. We are no longer young springers. Harley is one bike I have never owned and want to do it in the limited time left........this will be my last and first Harley so why not get one of the best?

Now I ride about 15k to 20k miles per year. That does not make me a good rider but gives me the ability to know what I like and it is different from you I will wager!

I'm primarily motivated, no pun intended, by engine character and the Harley has it in spades, have you tried their bigger V twins? No, shame on you

I also judge you can get the measure of a bike in the first 100 metres and the next 10,000 kilometres you spend the time confirming your prejudice. Know what I mean?

Now lets examine the CVO cost at £25,000 and compare it with a K1600 GTL which cost me £20,000 after discount 17 months ago and is now worth £12.5k, a cost of £7.5. The Harley will likely cost £3k to £5k over a similar period.

Tell me which is the better deal, BMW or Harley. Careful, as the answer reveals your prejudice

I love my BMW's and I think they are fun bikes but until I own and ride a Harley some considerable distance my biking life will be incomplete!

Good for you . I did the same but chose a Street Glide. I got it for £3k under list as it was their demo bike. It had only done 142 miles. It was a good bike but I never really gelled with it and sold it to a trader after 18 months and a little over 4000 miles. He gave me £12k cash. Itch now scratched. Good luck with the CVO

 

[Packer]

Packer. Like you I have never been interested in ownership but I'm going to give it a go and find out what the hoopla is all about. Good or Bad......probably somewhere in between would be my guess and it is a guess as I've never owned one, only ridden one 30 miles or so.

But I appreciate you sharing your expertise and judgement.

 

[Mark Hooton]

So, has anybody else been quoted?

Hi All,

My dealer has quoted me the full RRP for my new GS, which I paid a deposit on several months ago.

Has anyone else placed a deposit and have now been quoted any discount?

 

[blindbill]

I have ordered a new gs lc and did my best for a discount. They were not interested and have already sold 45 without a test ride. Guess there are too many peeps like me that 'just must have the new gs'. . Ah well, there are no pockets in shrouds...roll on March .

 

[karlp]

I would challenge anyone to prove the discount by posting the invoice

They can always hide the dealer to preserve ananominity , otherwise The general consensus is that there is no discount

 

[Nutty]

Just pay what your happy to pay folks. There will always be someone that can negotiate a better deal, as there are different circumstances.

I'm very happy with the deal I got on mine, and am sure that others can squeeze a bit more than I did from their dealer, but I want my dealer to be there when I'm looking for my next bike.