Importing a Supercar to the UK
Many buyers source supercars from the USA, Japan, or EU at a lower purchase price. The landed cost - including shipping, import duty (6.5% from non-UK countries), VAT (20%), and IVA or homologation costs - must be factored into the finance facility. Lenders will assess the landed cost, not just the purchase price.
VAT and Customs: Summary
| Cost | Typical Rate | Notes |
|---|
| Import Duty | 6.5% | On CIF (cost, insurance, freight) value |
| VAT | 20% | On CIF + duty |
| Shipping | £1,500–£4,000 | Depending on origin |
| UK registration / IVA | £1,000–£5,000 | Varies by vehicle age and type |
Worked Example: McLaren 720S from USA - £150,000 Landed Cost
| Parameter | Detail |
|---|
| Purchase Price (USD equivalent) | ~£95,000 |
| Shipping + Insurance | £3,500 |
| Import Duty (6.5%) | £6,402 |
| VAT (20%) | £20,980 |
| Registration / IVA | £3,000 |
| Total Landed Cost | approx. £128,882 |
| Finance on Landed Value | £103,106 (80% LTV) |
| Product | HP (Arkle Finance) |
| Term | 48 months |
| APR | 10.0% |
| Monthly Payment | approx. £2,615 |
