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Go Back   SailNet Community > General Interest > General Discussion (sailing related) > Why Are Boats In Europe Cheaper?
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Thread: Why Are Boats In Europe Cheaper? Reply to Thread
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Topic Review (Newest First)
11-24-2012 12:39 AM
cherev
Re: Why Are Boats In Europe Cheaper?

I've read of an alternative to importing a boat. A working couple moors it 'tween vacations in an off-shore location, say in the BVI, French Caribbean, or Cuba, and it never incurs import duties unless and until it's finally brought to a US port as an 'old' used vessel.

Sunsail and Moorings must periodically sell their rental boats too. One could go for sailing vacations and check out what's on offer.
11-16-2012 06:35 PM
Sternik
Re: Why Are Boats In Europe Cheaper?

If the vessel is exported outside of EU member states, VAT does not apply. If VAT is included in the price, the price is reduced by the value of VAT. There is a special customs declaration form (the name differs between the EU countries) that selling party submits with the boat's travel documents. It is then stamped and authorised by customs officer at the port of exit (of EU), and send back to the seller. With this document the selling party is exempted from submitting VAT value to their government. In essence this document is the proof the goods (a boat in this case) has left the EU economic region.
11-16-2012 06:26 PM
PCP
Re: Why Are Boats In Europe Cheaper?

Quote:
Originally Posted by rockDAWG View Post
My observation is different than you, I found more people (Europeans and Aus) come to US to buy their boat and sail her back to their country. This is also true for all consumer products like cars, camera to clothing. We are lucky.
Yes, but what they are buying is older boats with way more than 15 years

Those are cheaper in the US.

Regards

Paulo
11-16-2012 06:22 PM
PCP
Re: Why Are Boats In Europe Cheaper?

Quote:
Originally Posted by MastUndSchotbruch View Post
Can't answer your question. I suppose there is also state sales tax, at least in some states.

One thing to consider is that boats in Europe (the EU more specifically) will have VAT tax paid. This can be a lot of money (20% or so). Of course this only makes a difference if you are interested in staying in the area for some time before coming home, but this is what you indicated you thought of.
I don't know how it is done but in some cases the VAT can be recovered if you are not an European. Not sure in what cases but certainly in boats that have not paid VAT (charter or boats used for racing) and partially in boats with a leasing pending and for recent boats it is almost all in Italy and France (and many in Spain).

Regards

Paulo
11-16-2012 05:21 PM
Sternik
Re: Why Are Boats In Europe Cheaper?

Quote:
Originally Posted by rockDAWG View Post
My observation is different than you, I found more people (Europeans and Aus) come to US to buy their boat and sail her back to their country. This is also true for all consumer products like cars, camera to clothing. We are lucky.
Used sailboats, allright. Cameras and clothing, sure. There is no 23% VAT. But cars, definitely not. I can't remember last time I saw a US brand vehicle on European roads and I spend on average 2 months each year back in EU. Having said that, European car models purchased in US and shipped back to EU, yes, definitely. Especially after the Banking financial crisis in US.
PS: Just before I shoot my own knee, Ford is very well established in EU, but with cars specifically suited for EU market ie, diesel motors, stiffer suspension etc, which are not available to customers in North America.
11-16-2012 03:10 PM
rockDAWG
Re: Why Are Boats In Europe Cheaper?

My observation is different than you, I found more people (Europeans and Aus) come to US to buy their boat and sail her back to their country. This is also true for all consumer products like cars, camera to clothing. We are lucky.
11-16-2012 02:28 PM
Sternik
Re: Why Are Boats In Europe Cheaper?

Having imported my boat from Europe to Canada, here are some factors (not necessarily applicable to US):
- transportation within Europe, average €3/km (you need to get the boat to the port of exit) + fees to get the boat onto a flatbed
- loading fees onto an ocean freighter €500 (Hamburg, 2009)
- I had to pay 11% duty + 5% GST
- boat must be absolutely clean outside, not growth whatsoever, otherwise vessel is not accepted into the country
- transportation cost was about $14000 (for a load that was close to 40FT length). Price was based on the cubic volume of cargo, including mast)

If you have any specific question PM me, I know a company that will gladly help you if you have already selected your boat
11-16-2012 12:59 PM
Zanshin
Re: Why Are Boats In Europe Cheaper?

I modelled my recent new boat purchase in detail - combining all of the commissioning costs with purchase price, rebates and other factors. I could choose between factory dealer in France, where the boat was manufactured, dealers in the U.K., Germany and Annapolis. Purchasing and particularly commissioning the boat with extras and all the little/big stuff for a new boat (flatware,cushions,safety equipment,SSB,dinghy,etc.) was by far cheaper to do in the USA than at any of the others - and the European VAT wasn't going to be paid since the boat would leave the EU so that wasn't a factor.
11-16-2012 12:52 PM
MastUndSchotbruch
Re: Why Are Boats In Europe Cheaper?

Quote:
Originally Posted by JulieMor View Post
...


When it comes to duty, I've only heard, "It's not that much." The last time was from a salesman at the Annapolis show. So, how much is "not that much"?
...
Can't answer your question. I suppose there is also state sales tax, at least in some states.

One thing to consider is that boats in Europe (the EU more specifically) will have VAT tax paid. This can be a lot of money (20% or so). Of course this only makes a difference if you are interested in staying in the area for some time before coming home, but this is what you indicated you thought of.
11-16-2012 12:36 PM
JulieMor
Re: Why Are Boats In Europe Cheaper?

Things I never knew... Thank you!

I had done searches for boats on other websites but it seemed the ones that interested me were also on Yachtworld. So I stopped looking elsewhere.

Paolo, the sites you suggested are interesting. I've done some perusing there already. It certainly would be cool to buy a boat overseas, spend some time getting to know her, then sail her back here. Maybe not practical, but definitely something we'd love to be able to do. Problem is, I can't see us leaving there without taking in all the sights, and that could take years!

When it comes to duty, I've only heard, "It's not that much." The last time was from a salesman at the Annapolis show. So, how much is "not that much"?

I'm trying to put together a somewhat realistic cost to the "out the door" price on a used sailboat. Whatever I am able to set aside, I'll keep at least 25% in hand for necessary work to get the boat where I need it to be. But it would be nice to have a reasonable expectation of everything that one pays, besides the cost of the boat, when purchasing a used boat.

The liveaboard dream has been cancelled. It just won't work for us. So we've decided to sell the big house and buy a small house and a small boat. It's really the more practical thing to do, all things being considered.
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