5% VAT on new Ferrettis

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Not that I'm considering buying one but the UK dealer http://www.venturaeurope.com is offering brand new Ferrettis with only 5% VAT added. I guess they're doing this by taking the boats across the Adriatic from the Ferretti factory on the east coast of Italy and paying the 5% special VAT rate in Croatia which is available until end May, after which of course the boats can be sold anywhere in the EU as VAT paid
 
Yes, very similar to the Vat dodge offered by Malta. Cant blame the countries for grabbing what cash there is about.
Just a pity the boat has to enter the borders to get the reduced rate
 
Not that I'm considering buying one but the UK dealer http://www.venturaeurope.com is offering brand new Ferrettis with only 5% VAT added. I guess they're doing this by taking the boats across the Adriatic from the Ferretti factory on the east coast of Italy and paying the 5% special VAT rate in Croatia which is available until end May, after which of course the boats can be sold anywhere in the EU as VAT paid
Yup, the 6 week thing makes it look Croatian. Thing is mike, with freti they'll give with one hand and take with the other. If you agree to this they will load on the cost of the smart arrangments they must have made to fast-track the boats onto the Croatian registry, just as (say) they charge €100k to code a boat and sell it to you VAT free under FCE. Ferretti's trading position is such that you can have a boat at helluva discount anyway if you buy for straight cash, but when you do these schemes with them they claw back the saving you ought to be getting by way of their own price uplifts. No worries though: good luck to them and the boats are very nice indeed of course
 
Its an interesting turn of events presumably brought about by the low sales volume for them at the moment, one cannot help but admire their initiative.
Maybe the UK should reduce VAT to 5% on new boat sales here for a year -or two - and see if it can help lift our Industry a little.
What are the chances of that happening do you think?:rolleyes: Shall we ask Daka to start a poll?:D
 
Ferretti's trading position is such that you can have a boat at helluva discount anyway if you buy for straight cash, but when you do these schemes with them they claw back the saving you ought to be getting by way of their own price uplifts. No worries though: good luck to them and the boats are very nice indeed of course
I would never buy a new Ferretti because when new they cost so much more than comparative UK makes, even with a big discount, but on the secondhand market that premium is much reduced so somewhere down the line an owner, usually the first one, takes an enormous depreciation hit. On the other hand a secondhand one makes an excellent used buy if the owner has got realistic about its value because the quality means that a 5 - 10yr old example can look almost as good as new. Yes good luck to them. I have bought both my used Ferrettis thru Ventura and they were excellent people to deal with
 
Hi all, i'm allways getting a txt or a phone call from Sam at Ventura with new deals and whats new for sale ect. He even sent out a personal invit to last years Cannes boat show which i couldn't go to because of work... As my user name says i'm a huge fan of the ferretti models and would have one tomorrow if the cash was there waiting to spend...
 
Hi all, i'm allways getting a txt or a phone call from Sam at Ventura with new deals and whats new for sale ect. He even sent out a personal invit to last years Cannes boat show which i couldn't go to because of work... As my user name says i'm a huge fan of the ferretti models and would have one tomorrow if the cash was there waiting to spend...

How about a FerrettiDreamers website like NordhavnDreamers http://groups.yahoo.com/group/nordhavndreamers/:D
 
when new they cost so much more than comparative UK
Yup i think that's generally true Mike. However, in recent times you'll find that has changed, at least in sectors/model lengths where they have a severe shortage of customers. Last summer in the month before I went firm on my current s78 order I was offered a brand new f800 for less money. About a hundred grand less, if I recall. In fact they had two: two were about to be finished, and had no buyers. Nice spec, incl gyro and h/top. I was very tempted becuase there is much to love about ferrettis and that particular model, but alas the things I hate about ferretti (helms, too-little range) I hate profoundly, so I declined. I agree too that Ventura London are a nice professional firm to deal with
 
Its not actually about Ferretti selling low volumes it is more a dealer taking the opportunity and using this to his best interest and that of clients what they are doing in Croatia.
On the bigger 80 ft plus sizes Ferretti is still doing well being 1st or 2nd in the World in this for the last five years or so.

When Malta did this in 04 no builder or not many dealers (if any) did this, main reason was that the market was up altough I had many companies call me about this to see to offer it to there clients.

Anyways well done to Ventura for looking beyond its borders.
 
but alas the things I hate about ferretti (helms, too-little range) I hate profoundly, so I declined.
Yup, as we've discussed before, Ferretti helms are a blind spot for the company although to be fair, the visibility from them is usually always good. Surprised to hear you say that range is an issue because normally, Ferrettis carry more fuel than comparable boats. Certainly my two Ferrettis have done. Also I guess you never would have got anywhere near the customisation out of them that you got from Fairline
 
On the bigger 80 ft plus sizes Ferretti is still doing well being 1st or 2nd in the World in this for the last five years or so.
I dunno where you get your data from but to serious customers Ferretti are offering 80 footers at amazing prices. Way way cheaper than the same sized Princess, say

Sure the build numbers stay up becuase the boats keep dropping off the end of the production line, only to get given away. Major reason being I guess, their home market of Italian buyers has disappeared. If you call that "doing well" then fine :D
 
Also I guess you never would have got anywhere near the customisation out of them that you got from Fairline
Yup, their standard tanks are ok, and to be fair my long range requirement isn't met by Fairline standard spec either - it's only the customised addition of more tankage that does that. Ferretti will do basically zero customisation on an 80 which means you'd have to rebuild the whole helm (x2) yourself, which I could do for say £30k in UK but not down in the Med, and it would cost €100k to bring the thing to UK then take it back to the Med...
 
Anyway here is your data JFM!

Overall the 2012 ShowBoats International Global Order Book shows 728 yachts over 80 feet long on order worldwide, which is 3% down from the 753 yachts under construction at this time in 2011 and still 27% down from a high of 1,008 orders reported in 2009.

The 2012 Global Order Book reveals an interesting trend: Despite the decline in new orders, there is an increase in the number of shipbuilding yards reporting new projects. For example, in 2008 there were 139 different yards around the world reporting orders, while for 2012, the Global Order Book received data from 209 yards. Many of the new yards are in Turkey and China. While some yards may exist for only one project, the increase of yacht-building venues supports the idea that many buyers are still shopping for value. Interest in yacht ownership by wealthy individuals from emerging nations may indicate a wish to build yachts nearer to their homes, often driven by heavy import duties levied on imported yachts.

The top builder nations are Italy with 317 projects, followed by the United States (71 projects), Turkey (68 projects) and The Netherlands (61 projects).

Three Italian yards head the list of the top 20 builders. Azimut-Benetti is the No. 1 builder by total length of projects under construction with 75 yacht projects totaling 8,661 feet at an average length of 115 feet per yacht. Ferretti Group is second (76 yachts, 7,961 feet total, 105 feet average), followed by Sanlorenzo (42 yachts, 4,635 total feet, 110 feet average) in third place.

The 2012 Global Order Book data was collected and analyzed by Boat International Media’s analysts with additional stats and analysis by the editors of ShowBoats International. The data reflects orders placed as of Sept. 1, 2011.

Regarding custom and semi-custom yachts, the leading builder is Benetti with 33 projects at an average length of 142 feet, followed by Heesen (11, average length 159 feet) and CRN (nine, average length 203 feet). Tied with eight each are Dutch builders Amels and Feadship and U.S. builder Trinity. The undisputed heavyweight champ when it comes to building very large yachts, however, is Germany’s Lürssen. Its seven projects on order have an average length of 353 feet.

One sector showing a growth trend despite macro economic outlook is that of sailing superyachts with 93 orders for 2012—7% increase YOY. Multihull projects also continue to increase with six motor yachts and 12 sailing multihulls.




Ferretti placed first in 2011 and have been in second spot for quite some time repeated again in 2012. When I say Ferretti I mean the Group. Im my opinion all builders are giving discount if Ferretti gave you 100k that is absolutely nothing in the current market. LOL it was even nothing in the boom. So I cannot understand your remark about this.
 
Im my opinion all builders are giving discount if Ferretti gave you 100k that is absolutely nothing in the current market. LOL it was even nothing in the boom. So I cannot understand your remark about this.
Actually, what jfm said is that he could have bought a F800 for 100k less than a Sq78.
That's bound to be much more than 100k in terms of discount, I reckon...
That said, I would have rather spent 100k more for the F800 (the MTU engines and the h/t alone are well worth that difference), but that's me of course
 
Maybe the UK should reduce VAT to 5% on new boat sales here for a year - or two - and see if it can help lift our Industry a little.
Brilliant idea, if it weren't that nothing would stop some other Country to reduce the VAT to 4.9%, I guess... :confused:
 
Actually, what jfm said is that he could have bought a F800 for 100k less than a Sq78.
That's bound to be much more than 100k in terms of discount, I reckon...
That said, I would have rather spent 100k more for the F800 (the MTU engines and the h/t alone are well worth that difference), but that's me of course

nah JFM could never not buy a Fairline for a few Important reasons (I think many boat owners wish to find this).
He has a small 1% doubt in his brain telling him to buy other boats but each time he falls to the same habits ;)

IMO the relationship he build with the company workers, managers etc, and second cause he is sold out on their design, styling and finishing.
May be he could change brand if he goes bigger but this second Fairline 78 Squadron says he is ready to wait till they go a bit bigger. Altough for his current needs the 78 Squadron sounds big enough.
 
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Well, that reasoning falls within the "each to their own" category, I reckon.
My reply was just aimed at clarifying the 100k price difference which was being discussed.
And my last comment was simply based on the inherent values (as much as they can possibly be quantified) of the two boats.
Which aren't my cup of tea anyway - awesome things as they are, in many respects.
 
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