OVZA
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Buying a car in Europe with a offshore bank account

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Just take a look at‌ the Emirates Auction link I pasted above in another reply. You need local ID credentials‍ to participate in the bidding. If you need any further help, let me know in⁠ private as we're probably getting too much off-topic and @Admin won't be happy 😱
** Just⁤ as an example (not the very best one, though), this 2015 Mercedes S500 auction expiring⁣ on Monday has an approx €28K value (for a car close to €180K). In perfect⁢ condition... 2015 Mercedes S 500 for sale in UAE | 170644
 
That's cheap if you can get at those prices. Duty is not such a big deal‍ you could still make some margin.
 
fancy that‍ LOTUS, Martin?
With regards to the margin, yes and no, as I can find some⁠ distressed sales or foreclosed cars (I only look at lux type sedan, BMW 7, Mercedes⁤ S or similar) cheap -or close- enough not to need to import one as the⁣ difference wouldn't make up for the hassle. As I said, the main problem here is⁢ the sh*t you've got to go through in the auctions, but I can live with︀ that for just one purchase. Anyway, not to get ahead of myself, I'll find out︁ the import duty costs before I make up my mind.
 
Sounds like too good to be true. Seems like something is not right there... rea#44!
 
@Gediminas - that's becasue you must have the 'European-auction mentality' syndrome, as much I had‌ it before experiencing first hand what a real auction is, ie, the need to get‍ rid of a thing to the best bidder...Have you ever watched 'Storage wars'? Well, then⁠ you get the picture. I won't go in too much detail, but suffice to say⁤ that these auctions are legit, wish we had something like this in Europe. Take a⁣ trip and see it on the spot for yourself (there's an on-site facility for you⁢ to check the item you want to bid on before the auction ends, so there's︀ no chance of foul play at all).
 
I have imported some cars from the US before and I⁠ understand what means buying without knowing what you will receive.

But the prices look unrealistic⁤ to me. I have checked the website and haven't found anything like this. If that's⁣ true, probably these offers are flying out of the radar in seconds. 🙂
 
I posted here the auction of a 2016⁠ Lotus Evora for around €5K. These 'deep value' opportunities come and go and obviously aren't⁤ there all the time (it depends on the Courts and Police actions and there aren't⁣ that many 'crimes' happening there). Worth correcting two wrong assumptions you make in your post⁢ though:
a) They can't go out 'in seconds' as you mention, since all auctions have︀ a set time (the 'end time') where the highest bidder wins the unit (as I︁ said, like in 'Storage Wars');
b) Against your point of 'not knowing' what you'll receive︂ (pretty much like in Storage Wars), here there's an on-site facility where you can check︃ out the units. So the surprise factor can be eliminated if one takes the time︄ to check things out.
The best deal I've ever seen can't be posted here, it︅ would defy your (anyone's) western-logic -plus it's kind of not the point- , but you︆ quickly become a believer when you take part in the process and/or see these things︇ for yourself. Anyway, I think I've said enough. Have a good w/e.
 
possible for you to post it in short form? I wonder if it would make⁠ sense to buy such a cheap car if you live in a country where car⁤ costs 10 times what the average pay in Europe.
 
Is it possible to by onsite without local ID / residency?

After reading the‍ FAQ it seems anybody can take part, ID needed for register plate auctions, but not⁠ cars.
 
@Admin - Ok, it was a 2008 RR Phantom for around €25k. It had flat tyres⁠ and damage in the bodywork (it looked like from a big crash), plus the airbags⁤ had to be re-installed. My guess it was this was a son-of-an Arab who like⁣ to fly instead of run. Anyway, with a just a few tweaks (35-40K tops all-in⁢ price) you end up with a 400K-value gorgerous car. I've sonly seen this once, but︀ I'm not glued to the screen to say whether there have been more of these,︁ which could very possibly be.
 
I wouldn't recommend doing any bidding without an ID as⁠ you'll need to insert UAE plates in it, but it's up to you to try.⁤
 
one should be table to tow the car without plates and just send‍ it in what ever destination. I don t remember though if it is easy to⁠ be sold as a car or "spare parts"
 
If he spends anything over 10k it⁠ goes straight to IRS, if he spends over 5k near the financial system they keep⁤ a record. He seems crazy. If you evade taxes, just to go and spend the⁣ money on $80k car, you have defeated your own system. He will always fail forensic⁢ account and audit test of how his low income generated that car. The closest thing︀ I can think he could do is to put it in a company name, buy︁ it in a neighbouring country possibly used and work out payment plan with the owner︂ to pay him $5k a month or something.
 
somehow for some︀ people iphones are an asset. app developers for example 😀
 
Well he is a Tesla cult member‌ so what do you expect. They are all like this i.e zero basic common sense‍ or logic and totally irrational due to a blind following of Tesla 😕. They come⁠ second only to blind followers of EPB and Peter Schiff.
 
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