How much needed for Stage 3 from RED UK?

[Alexey Datsenko]

Could you please tell me somebody who get Epic from RED UK.
I can't understand how much money really need for Stage 3?
The cost of Stage 3 is 10500!

1. First deposit - 5000 USD
2. Second deposit after esimate camera is about 6500 GBR but it is 10300 USD.
So all the money needed is 5000+10300=15000 USD?
Sorry I am in some confuse Correct me please if I am wrong.
I think people in US get second deposit as 5500, so buying camera in US Stage 3 cost 10500 but buying from RED UK it is cost 15000? 5000 is taxes?

So cost of Stage 3 from US is 10500 but cost of Stage 3 from RED UK is 15500?
How can it be?

 

[Uli Plank]

Hi Alexey,

nobody can tell you now exactly what you'll pay since exchange rates are moving rapidly these days plus your camera may need minor repairs. But RED took very good care of us in Europe. You are not charged duties or taxes twice for your payment of the original R1. Plus, the new duties they pay (and charge you) are small, 280 GBP in our case (you may find some differences, since we were early adopters getting an extra discount on the R1).

It all boils down to taxes inside Europe more or less. If you are registered with a VAT number, RED Europe will bill it without adding taxes, and you'll have to pay your local VAT with your next VAT declaration (19% in my case, Germany).

But I can't directly compare our bill to what you have to expect, since my R1 needed some minor repairs and of course they have to charge for them. But rest assured that you are only paying for the difference between the value they calculate for your R1 and the final value of your Epic.

Hope this helps.

 

[Alexey Datsenko]

Thank you, Yes, but it needs to understand how much need you to pay.
Because if the difference so huge (hope I am wrong) and 5500 and 10500 so 5000 is a big money may be it is more usefull to get camera from US for 5500 (second deposit) and not from RED UK for 10500 (second deposit).

 

[Uli Plank]

I don't get your point, sorry. If you import it into Europe legally, you have to pay those taxes for the full difference between the price of your R1 and the Epic.

 

[Alexey Datsenko]

I don't get your point, sorry. If you import it into Europe legally, you have to pay those taxes for the full difference between the price of your R1 and the Epic.

It is a huge difference
especially if somebody just has not extra 5000 USD additionally to 10500 which was paid.
In USA there are a lot of friends who can get Epic for 5500 (second deposit) and then just carry it or get it in USA at them, in this case paymant is only 5500 but from UK it is needs to pay 10500 it is a big difference. But anyway if somebody just has not this extra 5000 USD he can't pay it because he think he need 10500 for Stage 3 and is found that 15500.

 

[Alan Piper]

I have spoken at length about this before - there is no mark up on RED products sold from RED Europe, including the Stages.
RED products which are purchased from RED Europe are priced in GBP(Sterling) and the price includes shipping, insurance and import duty to the UK (EU) - we start with an exchange rate which is set to reflect the previous 3 months average.
Whilst different products attract different rates of import duty the overall increase tends to average at 6%.
We are not adding $5,000.00 to the price of the Stage 3 package. The US reservation fee ('first deposit') is converted into Sterling and credited to the UK account.

 

[Alexey Datsenko]

Thank you Alan!
Correct me please, maybe I made some mistake in computation.
If first deposit for Stage 3 was 5000 USD and then after estimation of RED ONE the second deposit was 6500 GBR ((it is 10500 USD) so the whole cost of Stage 3 is 15500? Where is the mistake?

 

[Mike 'Fireman' Ross]

Your firstborn, and the shirt off your back. And it's still worth it

Mike

 

[Norbert Niederacher]

Hi Alan,

thanks for your Info. How much is the invoice in GBP for Stage 3? I know it depends on the "Bonus" for the Red One... In the best cast its 28.000 US minus 17.500 US (Trade-in) plus import duty = GBP?

I have spoken at length about this before - there is no mark up on RED products sold from RED Europe, including the Stages.
RED products which are purchased from RED Europe are priced in GBP(Sterling) and the price includes shipping, insurance and import duty to the UK (EU) - we start with an exchange rate which is set to reflect the previous 3 months average.
Whilst different products attract different rates of import duty the overall increase tends to average at 6%.
We are not adding $5,000.00 to the price of the Stage 3 package. The US reservation fee ('first deposit') is converted into Sterling and credited to the UK account.

 

[Alan Piper]

Hi Alan,

thanks for your Info. How much is the invoice in GBP for Stage 3? I know it depends on the "Bonus" for the Red One... In the best cast its 28.000 US minus 17.500 US (Trade-in) plus import duty = GBP?

OK - Here is the current UK Stage 3 pricing;

Stage 3 EPIC-X package = £19,140.00
Stage 3 Deposit = £3,230.00
RED One trade in value = £11,295.00

There is a tax payable for re-import of the camera to the US = £280.00

So, assuming that the RED One is not in need of any remedial repair work, the settlement needed will be £4,335.00
Total UK payment = £7,565.00

Note that VAT is excluded from these figures and is chargeable at 20% where applicable.

 

[Norbert Niederacher]

OK - Here is the current UK Stage 3 pricing;

Stage 3 EPIC-X package = £19,140.00
Stage 3 Deposit = £3,230.00
RED One trade in value = £11,295.00

There is a tax payable for re-import of the camera to the US = £280.00

So, assuming that the RED One is not in need of any remedial repair work, the settlement needed will be £4,335.00
Total UK payment = £7,565.00

Note that VAT is excluded from these figures and is chargeable at 20% where applicable.

Sorry Alan. I don't understand the match...
Stage 3 EPIC-X package = £19,140.00
- Stage 3 Deposit = £3,230.00
- RED One trade in value = £11,295.00
= £ 4.615
+ £280.00 tax payable for re-import of the camera to the US
= £ 4.895
Why is your Total UK payment 7.565 ?

 

[Alan Piper]

It's late - I missed the £280.00 from my math.
And pretty much screwed the rest of the sum..
Total UK should be £8,125.00
I think you guys get the picture now.

 

[Alexey Datsenko]

It's late - I missed the £280.00 from my math.
And pretty much screwed the rest of the sum..
Total UK should be £8,125.00
I think you guys get the picture now.

8125 GBR - is 12750 USD plus indeed 20% of VAT so whole the sum is 15000 USD!
For example if I have 10500 for Stage 3 and I am getting Epic from USA I can give 10500 and getting Epic (shipping and carry and texex is my problem, it is possible to be in USA often or a lot of friends in USA it is suitible) but if I have this 10500 and getting Epic from UK I will be told it is not enough I need to pay else 5000 (about 3 to RED UK and about 2 as VAT)!
The metter is not in avidity but for some people 5000 is a huge sum and somebody just has not these extra 5000!
May be it would be more fairly to give to the people the choise ot get Epic from UK or from USA to USA adress?

 

[Uli Plank]

Well, what do you want to do? Smuggle?

It's not RED charging you extra, it's all taxes and duties (and the dollar getting stronger)! BTW it's strange that RED needs to pay some duties (those 280 GBP) for re-importing into the US…

 

[Alan Piper]

8125 GBR - is 12750 USD plus indeed 20% of VAT so whole the sum is 15000 USD!
For example if I have 10500 for Stage 3 and I am getting Epic from USA I can give 10500 and getting Epic (shipping and carry and texex is my problem, it is possible to be in USA often or a lot of friends in USA it is suitible) but if I have this 10500 and getting Epic from UK I will be told it is not enough I need to pay else 5000 (about 3 to RED UK and about 2 as VAT)!
The metter is not in avidity but for some people 5000 is a huge sum and somebody just has not these extra 5000!
May be it would be more fairly to give to the people the choise ot get Epic from UK or from USA to USA adress?

You can make your purchase in the USA if you wish - we do not 'force' customers to use either of our offices.
When you purchase in the USA, depending upon the invoice address, you will also be subject to certain taxes.
When you import the goods to your own country, you will be subject to import duty and VAT - unless you choose not to declare the goods....

 

[Alexey Datsenko]

You can make your purchase in the USA if you wish - we do not 'force' customers to use either of our offices.
When you purchase in the USA, depending upon the invoice address, you will also be subject to certain taxes.
When you import the goods to your own country, you will be subject to import duty and VAT - unless you choose not to declare the goods....

Thank you!
The right of choice is very usufull thing!
Every situation can be personal with own details.

 

[Arnaud Paris]

We've done 6 Epic stage 2 through Red UK and believe me we looked thoroughly at the numbers considering the money involved. There is no need to get on Alan's back as Red UK is very straight about this, they are working to your advantage as the amount of customs you pay through them is much lower than if you were getting it from the US. And on top of that you don't pay the VAT at all when you're an EU company (as opposed to paying it when it comes from the US and getting reimbursed month after).

 

[Arnaud Paris]

We've done 6 Epic stage 2 through Red UK and believe me we looked thoroughly at the numbers considering the money involved. There is no need to get on Alan's back as Red UK is very straight about this, they are working to your advantage as the amount of customs you pay through them is much lower than if you were getting it from the US. And on top of that you don't pay the VAT at all when you're an EU company (as opposed to paying it when it comes from the US and getting reimbursed month after). Don't try to outsmart Red on the international imports and all, they're already the smart guys don't you know

 

[Uli Plank]

Same here, I 'm convinced RED has arranged the best possible solution for us here in Europe – it must have taken them quite some effort. Remember, this kind of trade in is something unheard of – unheard by custom officers too…

 

[Norbert Niederacher]

I don't complain. Alan and RED Uk are doing a good job. I just did not get the match...