Why would a complete rebuild of an almost 15 year old FFRR make sense ?

Let me start with some explanation on dutch taxes.

Part 1: BPM
Besides VAT (a lovely 21% not unlike other EU countries) we have a special extra tax called BPM on all cars, it is emissions based, payable only once upon registration of new vehicles. On new petrol cars it's almost 40%. So a new L405 RR SV Autobiography V8 Supercharged would have a base price of € 168.000, plus 21% VAT at € 35.500, plus this BPM thing at € 75.600, to get to a grand total of € 279.100.

For a modest L405 HSE TDV6 diesel, the amounts would be € 82.600 for the base car, plus 21% VAT at 17.350, BPM at € 30.300, to get to a grand total at 130.250

Let's forget new cars for now...

Part 2: Yearly road taxes
It is weight based, for all cars. On a 2,5 tonnes FFRR it will be € 1.600 yearly for a petrol engine, and € 2.800 for a diesel model. In order to get to a break even point between diesel and petrol, the yearly difference of € 1.200 can be "won back" by paying 30 ct less per litre on diesel vs. petrol. That means 4.000 liters yearly to be bought, so only after approx. 30.000 kms per year the diesel trip gets cheaper. No good for me.

Part 3: The ownership tax "Bijtelling"
For anything but hybrids, the famous Ownership tax for the use of Company Cars is 25 %, as a virtual addition to your salary, on which you'll have to pay roughly 50% income tax. So the RR SV Autobio would mean 25% upcharge to your income, that's a virtual € 70.000 being taxed at 50%. Net monthly cost at 50% is €70.000 * 50 % * 1/12 is € 2900...
Yes, this applies to ALL CARS, even a 14 year old FFRR would get a hit at roughly €130.000 new value in 2003 x 25% Ownership tax is € 32.500 yearly...

The Good News....
After 15 years the rules change, and the Ownership tax calculation is based on economic value. You still pay the yearly road tax, rest assured. In the FFRR case, let's say € 5000 purchase for a 2002 model, although the tax % goes up anotch to 35% - still only € 1.750 yearly versus the € 32.500 as above.

And that's why I bought the RR 4.4 V8, built in Solihull in August 2002 - so let the games begin this summer when the Grand Old Lady turns 15 !!


The rebuild

With my apologies to Dan@Duckworths, I was not aware of his site sponsorship details earlier, but I ordered parts deal after consulting with my local indy - who did the full engine rebuild - at Island 4x4.

This is what we ordered:
Timing chain kit
Cylinder head bolts
Head gasket 1-4 and 5-8
Drive belt alternator
Gasket cylinder head
Viscous coupling
Water pump
Timing tensioner Camshaft cyl 1-4 and 5-8
Tensioner pulleys
Various other seals, gaskets, O-rings

and at German supplier autodoc.nl
Tappets
PCV valve kit
Thermostat Behr 88 degrees
Bosch battery

plus Vanos rebuild at specialty shop Offenga.nl
plus Gearbox rebuild at ZF specialist Transmissies.nl

Total parts:
Parts at Island 4x4 as above: € 1130 / GBP 975
Parts at Autodoc.nl € 650 / GBP 560
Vanos rebuild € 250 / GBP 290
Gearbox rebuild € 1050 / € 903

Cosmetics kit at Powerful Uk (grille, side vents, lights) € 480 / GBP 387

Used set of 20"alloys € 500 / GBP 430

TOTAL PARTS € 4.060 / GBP 3490

TOTAL HOURS : 107 hours at € 55 is € 5885 / GBP 5061


Cost of base car, with engine damage, € 3.500 / GBP 3.010

GRAND TOTAL € 13.445 / GBP 11.562


Was it worth it ?

WRONG QUESTION !! JUST HAVE A LOOK....

I don't think I'll ever complain about UK taxes again !!!

Nice motor

interesting, thanks for the info and compliments on a nice looking FF....  ... - .- -.




Y. O. L. O.
.

mzplcg wrote:

I don't think I'll ever complain about UK taxes again !!!

Nice motor

+1  All my spelling errorz are belong to me!

2023 FFRR L460
2021 AM new Vantage

That's an incredible amount of tax. Great choice

Isn't the national mode of transport in The Netherlands, the bicycle?

Now the vehicle taxes seem to make more sense  2021 D350 Fifty Edition - Carpathian Grey
2017 4.4 SDV8 Autobiography (2021-2024) - Santorini Black
2012 4.4 TDV8 Westminster (2016-2021) - Santorini Black

Yes... more bikes than FFRR's in the Netherlands

Nice.

I think taxes on large cars in most western countries will eventually head in this direction. ______________________________
Vogue tdv8 08MY poverty pack - wow

I think thats my favourite colour too. Lovely

MarkNL wrote:

Why would a complete rebuild of an almost 15 year old FFRR make sense ?

Those are some impressive new car figures, and I see your logic in buying an older Range Rover, but the question I have, is why you didn't buy a low mileage 2002 car (running condition) for say twice the price of the damaged engined car you bought. Would the low mileage car be comparable in price to say U.K.? Here, I would think you might happen upon a 2002 car here, in fine fettle, and say 70,000 miles for less than £7000. Would this compare? Here for a 2002 car, we would pay under £300 a year to use on the roads. (Road tax)

I totally understand your reasons, and I sort of did a similar thing here in U.K. I bought a non runner car, (cheap) and fixed the engine myself, with a timing chain rebuild. Car still good now at 170k. (Miles) that was bought at 140k etc.

Had a little holiday break in our camper van last year in Holland. Took the bikes etc, cycling there was best I've ever experienced. Although the blooming mopeds get you annoyed, using the lanes etc.

As confirmed by defenderr, I am not the only one dutch guy who is aware of these tax rules.

So the 2002 models with very low / extremely low mileage are not only hard to find, but also outrageously expensive, up to € 15.000 / GBP 13.000. Often imports with lovely stories, like elderly swiss gentlemen, only driving around town during 15 years etc... this is then marketed as a "youngtimer" by the more creative dealers.

FYI... http://ww3.autoscout24.nl/classified/308008964?asrc=st|as

"Going rate" for a 15 year old 4.4V8 is approx. € 8.000 / € 6.900 with mileage at least at 200.000 kms / 125.000 miles.

Maybe someone extremely gifted in swapping out steering wheels to "the right side" could make a business here  Mark Offringa
Utrecht Netherlands


2007 L322 / 3.6 TDV8 / Vogue / Java black
2002 Mini Cooper / 1.6 116 hp / Red + white roof / the magic back-up

Gone:
2002 L322 / 4.4 V8 / Vogue/ Adriatic blue
2000 Audi A6 / V8 4.2 / Brilliantschwarz
2003 L322 / TD6 HSE / Adriatic blue

Mooie wagen Mark!

Absolutley horrendous these Dutch taxes. Nice write-up.

Loving my 15 years old full fat. Still going strong and worth every penny. 2002 L322 V8