Vehicle HP

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  • ians
    Diamond Member

    • Apr 2010
    • 3943
    #1

    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?
    Comments are based on opinion...not always facts....that's why people use an alias.
    Tags: None
    • Chrisjan B
      Gold Member

      • Dec 2007
      • 610
      #2
      Keep in mind that you have to pay back the VAT to SARS on the vehicle you sell.

      BOVER Technologies       - computer sales and TeamViewer support
      Elmine Botha Freelance Photographer - Photographer/ Videographer

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        • Blurock
          Diamond Member

          • May 2010
          • 4203
          #3
          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...

            Comment

            • Dave A
              Site Caretaker

              • May 2006
              • 22803
              #4
              Some years ago I had a partner that got an itch to buy a bike, and he asked me whether he should or not.

              He bought it anyway.
              Participation is voluntary.

              Alcocks Electrical Services | Alcocks Pest Control & Entomological Services | Alcocks Hygiene Services

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