Was this Fulmar a bargain

[Phideaux]

Westerly Fulmar sold for $5,000 at auction. Given that it needed new mast, rigging, sails, and shipping back to the UK would this have been a bargain?

http://cgi.ebay.com/ebaymotors/ws/eBayISAPI.dll?ViewItem&item=260761968400+&viewitem=

 

[Fr J Hackett]

No

 

[30boat]

Hard to say,how much does shipping cost?A new rig will be about 9000€.The engine is original but may have some life left in it.The cost of new sails will vary from loft to loft.

 

[Boomshanka]

+VAT @ 20% presumably

 

[BAtoo]

Westerly Fulmar sold for $5,000 at auction. Given that it needed new mast, rigging, sails, and shipping back to the UK would this have been a bargain?

http://cgi.ebay.com/ebaymotors/ws/eBayISAPI.dll?ViewItem&item=260761968400+&viewitem=

I reckon all in its about a £30k project - for an old Fulmar unseen????

Over here they are low £30Ks

 

[sighmoon]

With a brand new rig, and shipping to the UK, it stops being a bargain.

Certainly a bargain for someone wanting to keep the boat in the US. A second hand rig from a different type of boat with a knackered hull (hurricane damaged, rotten, etc etc) could be persuaded to fit, and somebody could be sailing their fulmar for less than $10k.

 

[Madhatter]

A great bargain after all . " Swim ladder is in good condition. "

 

[RivalRedwing]

I assume it would need CE compliance too... there goes a few more £

 

[Phideaux]

+VAT @ 20% presumably

Would that be 20% on the $5,000 sale price? Or is there some other way that HMCR calculate VAT and import duty on a 1983 boat brought into the UK?

 

[Phideaux]

I assume it would need CE compliance too... there goes a few more £

Shouldn't need any expenditure on CE as it was built in the UK (Westerly).

 

[Ubergeekian]

I assume it would need CE compliance too... there goes a few more £

Nah. Nobody cares in the slightest, although it's a vaguely theoretical possibility. And if you really cared, and it didn't have one, you'd copy the plate from a UK Fulmar - after all there is no obligation to keep a boat as built.

 

[r_h]

With a brand new rig, and shipping to the UK, it stops being a bargain.

Certainly a bargain for someone wanting to keep the boat in the US. A second hand rig from a different type of boat with a knackered hull (hurricane damaged, rotten, etc etc) could be persuaded to fit, and somebody could be sailing their fulmar for less than $10k.

...and might even make a profit on an eventual sale if long-term cruising plans involved bringing the boat back to the UK. But I agree it's not a boat to buy if making a fast buck is the only motive.

 

[Tranona]

Was built in the EEA before RCD was even dreamed of, so no problems on that score. VAT and duty would be based on purchase price if the transaction was recent - although HMRC reserve the right to place their own valuation. See the RYA site for further imformation on importing a boat.

 

[Phideaux]

...and might even make a profit on an eventual sale if long-term cruising plans involved bringing the boat back to the UK. But I agree it's not a boat to buy if making a fast buck is the only motive.

No fast buck intentions, just looking for something like the Fulmar at a reasonable price. I was thinking that with a good hull and existing equipment, having a complete new rig and sails made it comparable or better than those I've seen advertised at £35-40k in the UK. Also the experience of sailing back across the pond sounds rather attractive too

The downside would be finding someone trustworthy over there to act as a project manager and arrange for the the boat to be held on the hard and organise riggers and sail loft, as well as any additional necessary work.

All a bit moot now as the boat's sold.

 

[Phideaux]

Hard to say,how much does shipping cost?A new rig will be about 9000€.The engine is original but may have some life left in it.The cost of new sails will vary from loft to loft.

Engine with just over 1000 hours.

 

[Boo2]

No fast buck intentions, just looking for something like the Fulmar at a reasonable price. I was thinking that with a good hull and existing equipment, having a complete new rig and sails made it comparable or better than those I've seen advertised at £35-40k in the UK. Also the experience of sailing back across the pond sounds rather attractive too

The downside would be finding someone trustworthy over there to act as a project manager and arrange for the the boat to be held on the hard and organise riggers and sail loft, as well as any additional necessary work.

All a bit moot now as the boat's sold.

What happened to that boat you were looking at in Holland, Phideaux ? Did that fall through ?

Boo2

 

[Phideaux]

What happened to that boat you were looking at in Holland, Phideaux ? Did that fall through ? Boo2

I couldn't get satisfactory answers to the questions that I asked the broker, so decided not to waste my time and money going over there.

 

[BAtoo]

Would that be 20% on the $5,000 sale price? Or is there some other way that HMCR calculate VAT and import duty on a 1983 boat brought into the UK?

No import duty only VAT; based on the value "on arrival" in the UK for all boats, so with a very recent purchase price not alot of argument about value. VAT goes on the cost of shipping too....

So for this one £3.5K for boat, if £6.5K to get it here = £2K Vat.

 

[Tranona]

Nah. Nobody cares in the slightest, although it's a vaguely theoretical possibility. And if you really cared, and it didn't have one, you'd copy the plate from a UK Fulmar - after all there is no obligation to keep a boat as built.

No Fulmar would have a CE "plate" because they were all built before the RCD came in. Anyway, it is not the plate that is evidence it is the declaration from the builder that the boat complies which is part of the handbook that comes with the boat. Plates are often just stickers which disappear after few years - particularly if, like mine they are (were) on the bulkhead in the cockpit right where sunbathers lean.

 

[30boat]

goes on the cost of shipping too....

So for this one £3.5K for boat, if £6.5K to get it here = £2K Vat.

I'm puzzled by this.Shipping would be paid in the US,so how can VAT be applicable?