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-   -   Why are yachts so much cheaper in Europe? (https://www.cruisersforum.com/forums/f47/why-are-yachts-so-much-cheaper-in-europe-152506.html)

Greig 04-09-2015 23:48

Why are yachts so much cheaper in Europe?
 
Hey guys, I'm looking at buying a yacht and after a lot of searching I have found lots of production yachts(Bavaria, Beneteau, Jeanneau etc)are a lot cheaper in Europe than what I can buy here in NZ for basically the same yacht.
After reading endless forums and being humoured by the arguments of those who obviously don't like them, is there something I am missing?
I'm looking at a 36-40ft for Blue sailing. I would like to sail from NZ over to the islands and cruise around there for a bit.
It has been suggested to me by a friend to get a Steel Roberts as big as I can afford. As an engineer I know what salt water does to steel but I does appeal to me as I know steel very well, but I am also wondering if Glass would be easier to maintain.
I could buy a steel now for $50-$80K but they are between 20-35 years old. Or, I could get a Production yacht about 10-15 years old that looks all flash and pretty for the same $
What are your thoughts and any input would be very helpful
Thanks

Kenomac 04-09-2015 23:54

Re: Why are yachts so much cheaper in Europe?
 
More yachts for sale, fewer buyers as a result of economic issues is why yachts are cheaper in Europe. Simple, supply and demand.

Fiberglass is much easier to maintain than steel, does not degrade or rust in salt water, I don't really understand your friend's reasoning.

K_V_B 05-09-2015 00:01

Re: Why are yachts so much cheaper in Europe?
 
Look at the "VAT Paid" status. Many boats entering the second hand market are former charter, on which VAT has not been paid. This means that a EU buyer will have to paid between 17% and 25% in tax to get VAT Paid status. That depresses the price.

Greig 05-09-2015 00:11

Re: Why are yachts so much cheaper in Europe?
 
Quote:

Originally Posted by K_V_B (Post 1907670)
Look at the "VAT Paid" status. Many boats entering the second hand market are former charter, on which VAT has not been paid. This means that a EU buyer will have to paid between 17% and 25% in tax to get VAT Paid status. That depresses the price.

Would I still have to pay VAT if I was taking it out of Europe? I Think I have to pay the GST on it when it gets here

Kenomac 05-09-2015 00:38

Re: Why are yachts so much cheaper in Europe?
 
Quote:

Originally Posted by Greig (Post 1907672)
Would I still have to pay VAT if I was taking it out of Europe? I Think I have to pay the GST on it when it gets here

No, you won't have to pay VAT if you take delivery in a non VAT country or VAT exempt zone.

paulajayne 05-09-2015 00:52

Re: Why are yachts so much cheaper in Europe?
 
Have a look at ferro cement boats.

People tend to shy away from them so prices are better and you can get a lot of boat for your money.


Do not rust nor are subject to worm.


Get good survey done by someone who knows ferro cement.


example:-

https://www.tradeaboat.co.nz/detail/m...ahitian/245622

hoppy 05-09-2015 01:08

Re: Why are yachts so much cheaper in Europe?
 
Quote:

Originally Posted by Kenomac (Post 1907675)
No, you won't have to pay VAT if you take delivery in a non VAT country or VAT exempt zone.

As a non EU resident the OP can buy the boat anywhere in the EU, register it in NZ and get the 18 months VAT free time within the EU.

hoppy 05-09-2015 01:11

Re: Why are yachts so much cheaper in Europe?
 
Quote:

Originally Posted by K_V_B (Post 1907670)
Look at the "VAT Paid" status. Many boats entering the second hand market are former charter, on which VAT has not been paid. This means that a EU buyer will have to paid between 17% and 25% in tax to get VAT Paid status. That depresses the price.

When I was looking, the listed price of the VAT & non-VAT paid boats were pretty much the same. I suspect that the non-VAT paid boats would be more negotiable on price.

weavis 05-09-2015 01:15

Re: Why are yachts so much cheaper in Europe?
 
I think the real answer is not that yachts are so much cheaper in Europe, it is more that Australia and New Zealand are vastly over priced.

Kenomac 05-09-2015 01:17

Re: Why are yachts so much cheaper in Europe?
 
Quote:

Originally Posted by hoppy (Post 1907682)
As a non EU resident the OP can buy the boat anywhere in the EU, register it in NZ and get the 18 months VAT free time within the EU.

As non EU residents, we were required to take delivery outside the VAT territory. In our case Guernsey, in order to qualify for the 18 month exemption.

hoppy 05-09-2015 01:44

Re: Why are yachts so much cheaper in Europe?
 
Quote:

Originally Posted by Kenomac (Post 1907686)
As non EU residents, we were required to take delivery outside the VAT territory. In our case Guernsey, in order to qualify for the 18 month exemption.

There's been plenty of Aussies & Kiwi's buying in the EU and quite a few threads about this. Never heard this requirement before. I doubt that every one of these purchases were for VAT paid yachts.

I do recall there was some 30 day to get out of the EU clause, but I thought that was for EU residents wanting to avoid VAT

Kenomac 05-09-2015 02:18

Re: Why are yachts so much cheaper in Europe?
 
Well.... I can only speak for my UK, Spanish and Italian purchasing experiences. Whether for the boat or items which were purchased for the boat, all required the payment of VAT unless I took delivery of the items outside the VAT zone. And there was virtually no way possible for us to be refunded the VAT on items such as an including our new anchor, turbo, engine work done the first year, boat storage.... Basically everything.

If its purchased within the VAT zone, you will pay VAT... purchased outside the VAT zone, no payment of VAT.

I'm not an EU resident. A delivery crew was hired by the previous owner to deliver our boat to Guernsey, specifically to avoid VAT, the boat anchored next to me right now, the same story except their went to Gibraltar for delivery. Boats from the UK travel all the time to Guernsey and Jersey for the new owners to avoid VAT if it's not required of them. Vessels sold in the Med. travel to Gibraltar to do the same.

StuM 05-09-2015 02:33

Re: Why are yachts so much cheaper in Europe?
 
Those boats are more expensive in NZ and AUS partly because it costs a lot of time/money to get those boats from where they are manufactured to half way around the world and you have to pay duty/GST when you get them there.

weavis 05-09-2015 03:07

Re: Why are yachts so much cheaper in Europe?
 
Quote:

Originally Posted by StuM (Post 1907705)
Those boats are more expensive in NZ and AUS partly because it costs a lot of time/money to get those boats from where they are manufactured to half way around the world and you have to pay duty/GST when you get them there.

I would agree with you-only...........

Japan is next door to you so to speak and everything from there on sale in Oz or NZ is waaaay expensive.
We in Europe buy everything from China or Japan or Taiwan and its half the cost even with import tax and VAT.

You need to have a chat with your gov pricing dept.:whistling:

Kenomac 05-09-2015 03:35

Re: Why are yachts so much cheaper in Europe?
 
1 Attachment(s)
The smart Australians and New Zealanders play the endless summer game by leaving the boat in the Med. Six months in the Med, May-October, then six months back at home.


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