If you’ve ever looking for a van, you may often see these words “vans for sale no VAT’’. But what does that mean? Here, we will try to make it easier for you to understand what no VAT entails if you are interested in purchasing a van and its implications towards your pocket.
What Is VAT?
First of all, let us discuss something known as VAT. VAT is the short form of Value Added Tax. It is a kind of tax that is included in the cost of most tangible products in the UK market. For instance, if a van’s cost is £ 10,000 and there is a VAT attached to it, one will be forced to pay something more than £ 10,000.
If there are words like “no VAT” next to the van, it means that there is no added tax on the van’s price. The roofer does not charge any additional cost other than what is advertised on the van.
Why Some Vans Have No VAT?
You may perhaps ask why are some vans traded with VAT and others with no VAT? There are a few reasons for this:
- Private Sellers: If a person is selling their van personally that is not a business, they are unlikely to include the VAT. So, if you’re looking for a van from a private person, it might be “private vans for sale with no VAT”.
- Used Vans: If the van is used and not a new one then it might not have any vat on it. This is because the seller might not be adding VAT on second-hand items.
- Small Businesses: Many small businesses do not include VAT in their prices. This can also make their vans cheaper since they do not incur an additional tax to pay on the vans they market.
Why Should You Buy Vans for Sale No VAT?
You will definitely benefit from purchasing a **van that’s VAT exempt**. Here’s why:
- Cheaper Price: The biggest reason to look for vans for sale on VAT is that they are cheaper. For instance, if one is buying a van, which goes for £10,000 and has VAT included one can part with £12,000. But if the van has “no VAT”, you only pay £10,000!
- Easy to Budget: When there is no VAT, you are quite clear over how much the van costs. It also makes it easier to set how much you need to save and how much you need to spend.
- Great for Small Businesses: In the case you require a van for commercial use, taking a van with no VAT used can always mean that money you save can be used for other vital items.
- Used Vans for Less Money: Generally, second hand vans are relatively cheaper to make than the new vans since they do not have the brand new price tag. But if this second-hand van is also “no VAT”, you can slash another percentage!
Where to Find Vans for Sale No VAT
Since we have discussed what it means when they say no VAT and why it is good to find those vehicles, allow me to show you where to look for those vans. Here are some places where you can look for **vans no VAT**:
- Online Marketplaces: To find vans to buy, individuals can check in AutoTrader, eBay or Gumtree among other sites. You can search for vans for sale without VAT and see the ones without VAT.
- Dealerships: At times the van dealerships use their old vans without the inclusion of the VAT. You can check their websites or visit them to see if they have any no VAT vans for sale.
- Private Seller: If someone is selling their van privately (not through a business), it might be “private vans for sale no VAT”. You can get these either by getting recommendations from people or by browsing through the classified section.
- Car Auctions: Some auctions sell used vans without VAT. You might need to go in person or check their website for upcoming events
How to Buy a Van with No VAT Safely
Buying a van is a big decision, so it’s important to be careful. Here are some tips for buying a no VAT van safely:
- Check the Van’s History: Ask the seller for the van’s history. This means finding out if it has been in any accidents or if it has any problems. You can do this by asking for the **vehicle history**.
- Inspect the Van: If possible, check the van out in person. Look for any signs of damage or problems. If you’re not sure what to look for, ask a mechanic to check it for you.
- Make Sure the Paperwork is Correct: When you buy a van, you need the right paperwork to prove that you own it. Make sure the seller gives you everything you need to make the van officially yours.
- Meet in a Safe Place: If you are buying the van from a private seller, always meet in a safe, public place. It’s a good idea to bring someone with you for safety.
Frequent Questions About No VAT Vans
Here are some questions people often have about buying **vans no VAT**:
- Can I Get a New Van without VAT?
New vans normally come with VAT since they are bought from business entities. But sometimes, if you buy the new van from a person and not from a business that sells VAN and so on, it may be free of VAT
- Are No VAT Vans Still Good Quality?
Yes! No VAT vans are in good quality. Most of them are used but when they are well maintained they can serve you for many years. You just have to ensure that the condition of the item before you purchase it.
- What path do I need to be on to be able to purchase a No VAT Van?
No! It is not a requirement that you are a business holder. A van for sale on VAT is easy to purchase by anyone, for business or personal use.
Final Thoughts
The best bargain is to purchase a **van without VAT**. It simply implies that you will not have a second tax on the van, hence better offers for you. Whether you’re buying from a dealership, a private seller, or online, you can find plenty of no VAT vans for sale.
The only things you need to do is to inspect the van, check your papers, and meet the seller in a safe area. By following these easy guidelines you will be able to locate a suitable van for your requirements and at a lower cost.
To discuss how Accountants in Slough can assist you with your Accounts Preparation, please contact us for a free, no obligation consultation on: 0333 772 1616 or complete our Contact form and we will get back to you.