Ownership period before selling an imported car

fiendishpaul


Joined: 18/05/2008
Posts: 1720

Message Posted:
30/09/2010 11:07

Hi



I seem to recall reading somewhere on the forum that if you had imported a car, you had to keep it for a minimum of 2 years before you are allowed to sell it. Is anyone able to confirm this ??



Also, is there a way that you can legally 'authorise' a friend to sell it on your behalf should you not be in the country at the time of sale ?



Many Thanks



Paul

jardap


Joined: 08/08/2008
Posts: 318

Message Posted:
30/09/2010 12:07

When we imported ours,a nice big red stamp was put in the log book,i asked why and was told that it is to prevent you selling and making an instant profit.After 2 years you can have it cancelled and sell the car.

Don't know if someone can sell on your behalf, will see if i can find out for you.

jardap


Joined: 08/08/2008
Posts: 318

Message Posted:
30/09/2010 12:16

It can be done. The person selling your car for you would need a Power of Attorney drawn up by a local solicitor (costs about £50 i think).Has to be specific to the car.

reg no,engine number etc,and to who and how the money is paid.

fiendishpaul


Joined: 18/05/2008
Posts: 1720

Message Posted:
30/09/2010 12:18

Thanks for the info



Paul

zerochlor


Joined: 03/04/2009
Posts: 4024

Message Posted:
30/09/2010 12:33

It depends if you pay the extra 10% duty as to if you can sell it right away or not and if your log will will have it written on the log book in red that you cant sell for 2 years, but if yu have paid that extra 10%,you can sell it the next day.

fiendishpaul


Joined: 18/05/2008
Posts: 1720

Message Posted:
30/09/2010 12:39

Zero



I think I paid quite enough to import it without any extra taxes.



Will check the log book for the 'red writing'.



Thanks for the advice.



Paul

zerochlor


Joined: 03/04/2009
Posts: 4024

Message Posted:
30/09/2010 12:44

Just that when i paid the duty on a car,i made sure that it could be sold right away,so that incured the extra 10%

so with that no red writing was put on the log book.



Hope that helps.



And yes,your right,enough is enough when paying the duty,forget the extras

judyr


Joined: 07/07/2009
Posts: 956

Message Posted:
30/09/2010 13:09

what are you thinking of selling?

fiendishpaul


Joined: 18/05/2008
Posts: 1720

Message Posted:
30/09/2010 13:40

Hi Judy



It is a 2008 Kia Ceed but will not be available until Mar 2011 at the earliest. Just doing my homework in advance.



Paul

catalkoykid


Joined: 15/02/2009
Posts: 1190

Message Posted:
30/09/2010 14:04

if you sell on poa the original owner is liable for any speeding fines till the log book changes names on it