Zero % Import Duty on American Cars: the perfect time to import a vehicle from the United States
ZERO % Import Duties !! A Historic Breakthrough for American Car Enthusiasts
Excellent news for everyone who dreams of owning an American vehicle. The European Union has officially approved the elimination of import duties on American industrial products, including passenger cars. This means that the existing 10% import duty on vehicles imported from the United States into Europe has been abolished.
For buyers of American vehicles, this represents a significant cost saving and makes importing from the United States more attractive than ever before.
What Does This Mean in Practice?
Until now, importing an American passenger vehicle generally involved paying:
- 10% import duty on the purchase price plus transportation costs;
- Value Added Tax (VAT) applicable in the destination country;
- and, depending on the country, any applicable vehicle registration or environmental taxes.
With the removal of the 10% import duty, the overall cost of importing a vehicle is significantly reduced. Especially for new vehicles, luxury SUVs, pickup trucks and exclusive sports cars, the savings can amount to several thousand euros.