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Thread: Vehicle HP

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    Vehicle HP

    I am wondering if i should sell my van and use the money for a holiday, maybe tour europe or something. Then come back and buy another one on HP.

    I could claim the vat back on the new vehicle and it would mean less tax to pay.

    Dumb idea or not?

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    Gold Member Chrisjan B's Avatar
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    Keep in mind that you have to pay back the VAT to SARS on the vehicle you sell.

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    Diamond Member Blurock's Avatar
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    Could work out to be an expensive holiday if the replacement cost is much higher and you will have no trade-in or deposit for the new van.
    Excellence is not a skill; its an attitude...

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    Site Caretaker Dave A's Avatar
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    Some years ago I had a partner that got an itch to buy a bike, and he asked me whether he should or not.

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