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Register now to join the online marketplace for car dealers
Digital auctions are becoming more and more interesting for many dealers and private buyers. But the origin of these auctions lies in physical auctions of the various auction houses. Especially in big cities and metropolitan areas, such presence auctions still occur regularly. A car auction in Hamburg is not uncommon, as the major auction houses operate branch offices there. Auktion & Markt AG, with its Autobid brand, offers auctions at the Hamburg auction center. This auction center was first used in 2004 and can accommodate up to 13,000 vehicles. Another provider in the greater Hamburg area is BCA, which has its auction house in Ellerau. An additional possibility for car auctions in Hamburg are authority vehicles. The city of Hamburg sells used vehicles with the help of the customs administration. Nevertheless, these auctions are now mainly organized digitally. In case you don't want to limit yourself to just one car auction in Hamburg, try out the Germany-wide listings at CarOnSale.
- Car auctions used to take place all over Germany
- Nowadays, most auctions take place online, at providers like CarOnSale
- This offers a lot of benefits for buyers and sellers, such as a wider selection of vehicles
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Vehicle Identification Number (VIN)
The Vehicle Identification Number, known by the acronym VIN, is a unique code that distinctly identifies each vehicle globally. This alphanumeric combination, which is stamped into the body or frame of a vehicle, acts as the car's DNA and contains critical information about the manufacturer, model, and production details. The careful inspection and decoding of the VIN is an essential element in the professional automotive trade to ensure the authenticity and history of a used car. Furthermore, the VIN plays a central role in ensuring legal compliance and forms the foundation for the smooth processing of transactions. Understanding the importance of this number is key to efficiently managing your inventory and meeting high standards of safety and trust in vehicle trading.
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Margin Scheme Taxation
Margin scheme taxation is a tax procedure that plays a significant role in the trade of used motor vehicles. It allows dealers to pay value-added tax (VAT) only on the difference between the purchase and sale price of the vehicle, rather than on the entire sale price. This approach is particularly attractive to used car dealers, as it can potentially reduce their tax burden. At the same time, certain conditions must be met to apply this procedure. Knowledge of the calculation method, the legal conditions, and the advantages and disadvantages of margin scheme taxation is essential for dealers to remain competitive and for private individuals to make well-informed decisions when purchasing a vehicle.
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