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If that makes uk sellers more attractive thats excellent newsand if it doesn't?
Well it does, it'll make Formula, Chris king, DT etc hubs more expensive, making Hope look better value.
I've no idea if the two are actually linked, but last time bike component prices skyrocketed Hope started making seatposts, cranks, wheelsets, stems, etc, so I imagine they were doing well.
im pretty sure if the british stop buying from them say...and use their local shop CRC etc they will put GBP back up, its a good way to say
Well it does, it'll make Formula, Chris king, DT etc hubs more expensive, making Hope look better value.
Buy british
With any luck after Leave we'll be able to properly tax these offshire sellers which undermine our uk sellers via tax dodges allowed under EU law
As per Atlaz ...
Explain this in the context of bikediscount, bike24 etc?
if we don't have a free trade deal hmrc will charge import duty and vat which we in the uk will collect. If that makes uk sellers more attractive thats excellent news, if we have a deal then we charge as agreed
More bureaucracy and taxes? Isn't that the very thing you want to move away from?
Panic not. Example:
Pike RCT 3 = £656 at Merlin
Pike RCT 3 = €704 at Bike Discount which even at today's crap FX rate is still £584
charge import duty and vat
For the hard of understanding, online sales already require VAT to be charged at the rate of the place of delivery (or of service) and that VAT is sent to the country of record. So a UK customer buys from my company in Luxembourg and we pay the UK VAT value to the UK (well, to an EU body who distribute it).
Please, learn something before running off at the mouth.
My bike cost me £2936 from Germany 2 months ago
Today, it would cost me £3051
£115 (3.9% increase) isn't exactly small change, but it's hardly as if the pound has crashed to worthless values is it?
Pondering & keeping my fingers crossed that Rosebikes will deliver the rims I actually ordered rather than refunding* me after sending the wrong ones pre referendum
* will probably take a small hit on any refund I guess
Enjoying the battle of "common sense" against "knowing how the world actually works".
We need more of that.
Why are Sram and Shimano goods on the whole cheaper in Germany than the UK when they are American and Japanese companies? How does that fit into the Brexit argument if at all?
Already spoken to Rose re price hikes to cover this debacle, and they said nothing in the immediate future - if the pound goes into free-fall long term then it's likely to be reviewed.
I thought bike-discount payment was in Euros anyway, regardless of the price displayed?
Seem to remember it was, and Alltricks in France was similar.
Even if not, I'd favour paying in Euros with a decent low fee credit card (or one with no fees but then they put it on the rate instead).
Better still, if you've got Euros sitting around in a Euro paypal account, pay with that. No fees. But don't load up Euros from Sterling if you haven't got any in there as it'll cost a fortune in fees/rate.
nick1962 - Member
Why are Sram and Shimano goods on the whole cheaper in Germany than the UK when they are American and Japanese companies? How does that fit into the Brexit argument if at all?
Few things going on...
Pound/Euro/Yen/dollar rates - depending on when you order and pay for your consignment will tell you what it's worth. A shift after that can make one of the markets seem cheaper that year.
OEM stock - stuff sold at a discount to bike builders for fitting to new bikes that is not intended for the retail market (IE you sell a groupset to somebody and you have in theory a couple of mechs and cassettes out of them at RRP so worth the investment to get your group out there)
Good business practice and having the right cost structure in place to exploit that.