29th November 2011, 22:40
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#25
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M5 Guru (>2000 posts)
Join Date: May 2006
Location: South-East UK
Garage:
No M5 at the moment
Thanks: 5
Thanked 277 Times in 188 Posts
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If you wanted to buy something over here I can certainly help you out with it (I'm sure others could too). To purchase a car here you only need money. You could technically buy a car without a drivers licence, you just couldn't drive it away.
The registration document is sent to the DVLA (our DMV) and after about 3-4 weeks you get a document back called the V5. That is the registration document. Thats it. All cars over 3 years old need to be MOT'd each year but most cars come with some MOT left when you buy them. All cars need a road tax disc which also lasts a year. These vary in cost from £0 (Prius) to £445 (anything that you would consider a 'gas guzzler'). But most cars fall somewhere in between. My M5 is £215. You can send the disc back and get the remaining months left refunded. Then its just insurance.
Once all of that is taken care of (which isn't as hard as it sounds), you can drive the car in Europe. No border control or checks. Plus, LHD (left hand drive) cars are normally cheaper in the UK as they arn't as popular but would obviously be useful in Europe and if you were to import it back to the US.
We do have lots of interesting things here and anything with a large engine depreciates very quickly indeed. For example, a 2002/2003 BMW 760i can be had for about $15,000 here from a dealership. New they were ten times that price.
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