In addition to the sourcing service we offer our customers a Finance service which allows to purchase the vehicle with a saving of the VAT element (20%) and if required to pay the full cost of the Vehicle upon arrival through our Transit Finance service.
Recover 20% VAT when buying a car from the UK
How do I save 20% VAT element when purchasing an UK vehicle?
In collaboration with our partner UMS, we can assist car buyers in the recovery of VAT (20%) for a small fee on the gross unit price.
How it works
You can make a 20% saving when purchasing a VAT qualifying car from the UK and permanently exporting it. We can help to recover the sales tax when buying cars from the UK. Value Added Tax (VAT), similar to Goods and Services Tax (GST), can be claimed for a full refund by the government. By using this service you can reduce the total cost on the price of the car, upon export from the UK. However, there are separate terms and conditions you need to agree to (available upon request or at the time of booking).
- The customer wishing to use VAT funding, provided by UMS, must sign the Service agreement.
- A VAT Qualifying invoice issued to UMS from the UK VAT registered vendor is required. Units that are VAT qualifying include: ex demonstration cars, unit previously owned by a company or hire leasing company, brand new cars and commercial vehicles.
- In return UMS will raise an invoice for the net value of the car, plus their 1% fee of the gross value, to the customer on the end buyer.
- UMS purchases the car on behalf of the customer (only once full payment has been received from the end buyer).
You don’t want to pay the full cost of the vehicle upfront?
We are here to offer you a TRANSIT FINANCE service. We are aware that some customers may require some assistance when purchasing a UK car. UMS offers you assistance with carrying the debt during the transit period of the car. This means that the cost of your car will be covered while it is being shipped.
If you are eligible for Transit Finance, you will need to pay an initial deposit of at least 20% of the gross value of the car plus the transit finance fee before shipping. The remaining amount is payable once the car has arrived at destination, prior to release.
Contact us today and learn all you need about VAT recovery and transit finance.
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