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VAT exemption
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<blockquote data-quote="mrburden" data-source="post: 82110" data-attributes="member: 10956"><p>Hi,</p><p>This is only loosely linked to the above but it may be of use.</p><p>I get DLA with the higher rate mobility and was toying with the idea of using the payment to get a vehicle. I was unsure whether I could do without the monthly money for 3 years of the contract. While talking to the dealer he informed me that if I were to purchase the car either outright or on a loan he had a form that I could sign to remove the VAT from the car! So with a down payment from savings and the VAT off, a bank loan worked out about £70 per month cheaper than using the DLA. Of course the down side to this is that I pay for the upkeep of the car (tyres, insurance, servicing, etc) but I can also sell it later if I want or have to.</p><p>The VAT was worth around £3,000 off the price.</p></blockquote><p></p>
[QUOTE="mrburden, post: 82110, member: 10956"] Hi, This is only loosely linked to the above but it may be of use. I get DLA with the higher rate mobility and was toying with the idea of using the payment to get a vehicle. I was unsure whether I could do without the monthly money for 3 years of the contract. While talking to the dealer he informed me that if I were to purchase the car either outright or on a loan he had a form that I could sign to remove the VAT from the car! So with a down payment from savings and the VAT off, a bank loan worked out about £70 per month cheaper than using the DLA. Of course the down side to this is that I pay for the upkeep of the car (tyres, insurance, servicing, etc) but I can also sell it later if I want or have to. The VAT was worth around £3,000 off the price. [/QUOTE]
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