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Urgently Seeking Allocation

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Old 01-09-2014, 06:52 PM
  #31  
skuplist
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Originally Posted by tqevo
Interesting, I was told VAT had to be paid upfront, and that they would store it in an escrow until the car got to the States, when it would then be refunded to you.
Well so far no one has said that. It is my understanding that no AVT is requested since this is a US car. The plates will expire so one would have to register it in some European country which would trigger the AVT tax.
Old 01-09-2014, 07:15 PM
  #32  
Larry Cable
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Originally Posted by skuplist
Well so far no one has said that. It is my understanding that no AVT is requested since this is a US car. The plates will expire so one would have to register it in some European country which would trigger the AVT tax.
If you (temporarily) import a car into Germany you have to escrow the VAT (& import duty) I believe. If VAT also has to be placed in escrow for an export car, then this (was) transparent to the purchaser, I certainly did not have to do this when I did ED in 2007 (i.e: if its necessary, Porsche takes care of this).
Old 01-09-2014, 08:06 PM
  #33  
eilig
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Originally Posted by tqevo
Interesting, I was told VAT had to be paid upfront, and that they would store it in an escrow until the car got to the States, when it would then be refunded to you.
This is what I was quoted as well...
Old 01-09-2014, 09:07 PM
  #34  
tangram
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Originally Posted by eilig
This is what I was quoted as well...
I didn't need to put up the VAT when I did my ED last summer. I just put down a modest deposit. Maybe this was a because I was in Canada but I can't see why that would make a difference.

FWIW, ED is definitely worth the headaches you are going through. It was a serious bucket list trip for me.

Enjoy!
Old 01-09-2014, 09:31 PM
  #35  
Mike in CA
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Originally Posted by tqevo
Interesting, I was told VAT had to be paid upfront, and that they would store it in an escrow until the car got to the States, when it would then be refunded to you.
That's the way it was done with my Tourist Delivery in 2009. My dealer/Porsche didn't collect the full VAT, but rather a $10K good faith deposit. When the car came back to the States the $10K was returned with interest, IIRC.

Edit: Current info from the Porsche web site....

Payment must be made to your authorized Porsche dealer. Full payment includes the purchase price of the vehicle that was negotiated with your dealer.

Note: German tax laws require a Value Added Tax (VAT) to be paid on all purchases. Porsche Cars North America requires that your dealer collect the full VAT of 19% at time of payment, in the event that your vehicle is not exported under current Customs guidelines and standards. The VAT payment is fully refundable when your vehicle has cleared customs in North America.



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