2023-10-17 15:18:59
Purchasing used vehicles abroad, particularly sports vehicles, is much more accessible than purchasing new ones. Moreover, in recent years, platforms for selling luxury used cars have multiplied in France. However, the State intends to increase taxation, which risks dealing a blow to this lucrative business.
Cheaper used cars across borders
Companies that offer luxury cars at cheaper prices than official distributors are not scammers. They are simply taking advantage of a major advantage which allows them to lower prices without seeing their profit margin diminish. Concretely, these car dealers obtain used vehicles from elsewhere than in France, generally in Germany, where cars sell at lower prices thanks to lower registration taxes.
However, to transfer them to France, these companies are required to pay a penalty linked to weight and CO2 emissions. This is calculated according to the scale put into effect the year the vehicle was put into circulation. It should be noted that these companies, however, benefit from a 10% reduction, although the conditions for importing these vehicles may soon change.
Fewer tax benefits for resellers of imported used vehicles
The government, which is seeking by all means to replenish the coffers, wishes to put in place more taxes. Recently, he has become interested in the imported used car sector. It therefore plans to lower the reduction rate to 5% in the 2024 finance bill. A decision which risks having a serious impact on the companies in question, as well as their customers.
For example, a vehicle put into circulation in 2018 and imported in 2024 would benefit from a reduction of 35% instead of 70%. In conclusion, the margins of used vehicle import companies are likely to fall, which will wipe out this second-hand market.
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