Eu new cars – a favorable choice?

From a price point of view, the decision to buy an EU new car seems lucrative, but many buyers overlook the fact that the purchase of such a vehicle can also entail considerable disadvantages, which can erode the initial price advantage. Why this is so, you will learn in the following.

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Is a new EU car the right purchase decision??

It is not uncommon for car buyers in this country to decide to reimport a german car from another european country. This EU new vehicles were built especially for the foreign market and are common in the respective reimport country much cheaper to get. EU-reimports of German car brands like VW, audi, BMW, mercedes and opel are especially popular. But also other brands can be purchased at more favorable conditions, which attracts many car buyers. In some cases, cars can be 30 percent cheaper than cars built directly for the German market due to reimportation.

The incentive to buy is mainly due to the fact that in many EU countries often higher tax rates on new cars than in this country. If vehicles are re-imported, the buyer does not pay the tax rate of the country of purchase, but "only" the german 19 percent. Furthermore, in many countries a registration tax is levied. In order to be able to cope with these enormous tax burdens, the net prices of the vehicle are lowered accordingly. But also a lower purchasing power can put the manufacturers under pressure to deliver cheaper cars to make the cars affordable for the buyers in such countries. the german buyer benefits from these lower prices, but he should keep in mind that the car manufacturers are anxious to save the price reductions for the EU new cars at other places again.

What is the demand for EU new cars on the German market??

A new car produced for abroad may be equipped differently than a car intended for the german market. The popularity of the individual equipment features in the respective EU country plays a major role here. Often also equipment combinations not available in germany and not very popular with domestic buyers. And not all countries have certain safety systems as standard, like the electronic immobilizer. As a result, there is much less demand for new EU cars on the German market and consequently the loss in value of EU re-imports is much greater, leading to a lower resale value for EU cars.

Are there bureaucratic problems despite warranty?

The manufacturer’s warranty is now regulated throughout the EU. car manufacturers are required by law to provide a minimum of two years warranty on new vehicles. Accordingly, the EU new car warranty. But be aware that the scope of the warranty may vary from country to country. Before buying a reimported car, it is also important to find out when the manufacturer’s warranty starts. Because often it already starts with the delivery of the car to the car dealer. the longer the car is at the dealer, the shorter the warranty can be for the buyer.

In the case of a defect or a fault in the vehicle, the settlement via the foreign dealer can also quickly become a major problem, especially if the buyer has to prove that the vehicle was already faulty at the time of purchase. In such a case you can not always hope for the dealer to give you a good deal. In the worst case, you may even have to pay for the repair of the defects yourself. Anyone who buys an EU vehicle abroad should also be aware that the purchase of a new subject to the jurisdiction of the country of re-importation. For this reason, it is advisable to take out foreign legal protection insurance.

In addition, the cost of buying an EU new car abroad is quite high and can take a lot of time. This includes not only a long journey, but also the language barrier can often become a stress factor. In addition, when buying abroad, the german value added tax rate is added to the vehicle transfer and delivery costs on top. If necessary, additional documents may be required for the registration of the EU car, which will delay the registration.

Finally, new cars for the EU market not always cheaper than the offers of domestic authorized dealers, because they also offer great discounts on the list price. In addition, the purchase in Germany is subject to German law and you get the full warranty of the manufacturer. Before buying an EU re-import, it is important to thoroughly weigh up the advantages and disadvantages.

Which papers do you absolutely need?

Once the new car has been transferred, it must be registered in germany. There are very specific documents that should never be missing. For the registration at the road traffic office you will need the the original invoice or purchase contract for the vehicle, the foreign vehicle documents, a notification for sales tax purposes and the so-called COC documents. These documents prove that the car complies with the legal requirements of the EU. The COC certificate contains information about the dimensions of the car, the noise level, the exhaust emission and the lifting volume. it also shows type and make as well as the vehicle identification number.

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