American Dollars to Euro/Pounds?

Fearless Leader

macrumors 68020
Original poster
Mar 21, 2006
2,360
0
Hoosiertown
I've been looking at cars and read some international reviews. Currency conversions and other economies never really came up as a big factor in my mind untill now with the larger numbers.

the same 22000$ (American) car costs 20000 UK pounds, or 40000$ (american). :eek::confused:.

am i missing something? does the american dollar suck that badly or do other countries just make more than hear? or do we just buy cars at a steal.
 

mfacey

macrumors 65816
Feb 1, 2004
1,216
0
Netherlands
Its not only exchange rates that are causing the ridiculously high prices in Europe. I know for a fact that over half of the price of a new car in the Netherlands is tax. The $20000 car in the US shouldn't cost more than that in Europe, except that the price gets doubled by the government :mad:
The situation is pretty much the same in all western European countries.
 

edesignuk

Moderator emeritus
Mar 25, 2002
19,239
2
London, England
ohh thats disgusting. I just looked it up. 1.4264 dollars to a euro. I may be able to buy a loaf of bread when I move to Germany with my life savings.
The $ is at record lows against the €, and it's only getting worse. Just as well you're not moving to the UK where not only is everything expensive anyway, but the exchange rate means that $1 gets you ~£0.49 :p :eek:
 

scotthayes

macrumors 68000
Jun 6, 2007
1,604
43
Birmingham, England
The $ is at record lows against the €, and it's only getting worse. Just as well you're not moving to the UK where not only is everything expensive anyway, but the exchange rate means that $1 gets you ~£0.49 :p :eek:

Friends of mine from Rhode Island were over in the summer and the $-£ killed them, the shock of spending nearly $120 to fill a car with petrol was real kicker for them.

But on the plus side, America only seems to pay around 5-8% sales tax where we get hit with 17.5% VAT on purchases, and that includes food if you eat it at the place you bought it...

When we buy a car over here, 17.5% of the cost is VAT. plus there is normally around another £500 for the licence plate, road tax and delivery.

Talking of road tax, I have to pay over £200 a year just to drive my car on the road, plus around 65% of the cost of the fuel goes to the government.
 

OllyW

Moderator
Staff member
Oct 11, 2005
17,069
6,418
The Black Country, England
Friends of mine from Rhode Island were over in the summer and the $-£ killed them, the shock of spending nearly $120 to fill a car with petrol was real kicker for them.

But on the plus side, America only seems to pay around 5-8% sales tax where we get hit with 17.5% VAT on purchases, and that includes food if you eat it at the place you bought it...

When we buy a car over here, 17.5% of the cost is VAT. plus there is normally around another £500 for the licence plate, road tax and delivery.

Talking of road tax, I have to pay over £200 a year just to drive my car on the road, plus around 65% of the cost of the fuel goes to the government.
And if all that isn't bad enough, you live in Birmingham ;)
 

scotthayes

macrumors 68000
Jun 6, 2007
1,604
43
Birmingham, England
Can you go into a little more detail here? Do you mean to say that there's no tax if you take the food away? What about a supermarket?
Supermarkets do add VAT, although most basic foods are exempt.

But the real kicker, you go to Starbucks and buy a sandwich. If you eat it at Starbucks you have to pay VAT, if you don't then the tax is taken off the price.

As with anything to do with the tax man nothing is simple.

Food intended to be hot is normally taxable, unless you provide no way of heating the food. But if for example you put a microwave oven in a store for customers to heat the food the purchase then it is taxable.


Have fun reading this.

http://customs.hmrc.gov.uk/channels...HMCE_CL_000160&propertyType=document#P24_1042
 

Abstract

macrumors Penryn
Dec 27, 2002
24,415
124
Location Location Location
Really? I just thought that take-away was cheaper because you weren't sitting in their establishment. If you sit in one of their seats for 30 minutes, reading your novel, you're going to pay an extra 30 p for that coffee.
 

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