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Archive 2022 · US dollar at 20 year high - good time to buy Leica gear from the UK!

  
 
Desmolicious
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p.1 #1 · p.1 #1 · US dollar at 20 year high - good time to buy Leica gear from the UK!


If you take advantage of the current exchange rate, you can buy a brand spankin new Leica MP from reddotcameras.co.uk for about $4000. Official Leica dealer, full Leica international warranty.

US price? $5700.



Sep 21, 2022 at 11:06 AM
1bwana1
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p.1 #2 · p.1 #2 · US dollar at 20 year high - good time to buy Leica gear from the UK!


US price for Leica M11 today is $8995.

My Wife is seriously trying to get me to accept an M11 from her as a gift. She stopped by the Leica store in Florence Italy this morning. They quoted her $7,120 for one after the VAT rebates.

Almost a 2K difference. So far I have firmly refused her offer. Privately, now I am wondering what I could get for my M10-P. She will be there another 10 days, so the Dollar may go up again after the rather large expected FED hike. I am so weak when it comes to these things.



Sep 21, 2022 at 11:47 AM
highdesertmesa
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p.1 #3 · p.1 #3 · US dollar at 20 year high - good time to buy Leica gear from the UK!


Desmolicious wrote:
If you take advantage of the current exchange rate, you can buy a brand spankin new Leica MP from reddotcameras.co.uk for about $4000. Official Leica dealer, full Leica international warranty.

US price? $5700.


What are the odds, though, that the rangefinder arrives perfectly calibrated after being hyper-vibrated for hours on a FedEx transport jet?



Sep 21, 2022 at 12:03 PM
Fred Miranda
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p.1 #4 · p.1 #4 · US dollar at 20 year high - good time to buy Leica gear from the UK!


highdesertmesa wrote:
What are the odds, though, that the rangefinder arrives perfectly calibrated after being hyper-vibrated for hours on a FedEx transport jet?


Even if you buy it in the US, it comes originally from Germany via airplane anyways.



Sep 21, 2022 at 12:08 PM
SlowDriver
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p.1 #5 · p.1 #5 · US dollar at 20 year high - good time to buy Leica gear from the UK!


It is not only the exchange rate, is it? Leica added the Trump tax but they never decreased their prices when Biden got rid of it.


Sep 21, 2022 at 12:50 PM
Desmolicious
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p.1 #6 · p.1 #6 · US dollar at 20 year high - good time to buy Leica gear from the UK!


highdesertmesa wrote:
What are the odds, though, that the rangefinder arrives perfectly calibrated after being hyper-vibrated for hours on a FedEx transport jet?


Pretty much the same as the odds when FedEx delivers it from B&H and drop kicks it onto your porch.




Sep 21, 2022 at 01:21 PM
highdesertmesa
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p.1 #7 · p.1 #7 · US dollar at 20 year high - good time to buy Leica gear from the UK!


Fred Miranda wrote:
Even if you buy it in the US, it comes originally from Germany via airplane anyways.


I thought the grim reaper brought them over on a ferry boat



Sep 21, 2022 at 03:23 PM
highdesertmesa
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p.1 #8 · p.1 #8 · US dollar at 20 year high - good time to buy Leica gear from the UK!


Desmolicious wrote:
Pretty much the same as the odds when FedEx delivers it from B&H and drop kicks it onto your porch.



I'm usually waiting for them at the end of my driveway in a shaded lounge char



Sep 21, 2022 at 03:25 PM
Desmolicious
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p.1 #9 · p.1 #9 · US dollar at 20 year high - good time to buy Leica gear from the UK!


highdesertmesa wrote:
I'm usually waiting for them at the end of my driveway in a shaded lounge char


What's your catch to drop percentage?



Sep 21, 2022 at 03:44 PM
highdesertmesa
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p.1 #10 · p.1 #10 · US dollar at 20 year high - good time to buy Leica gear from the UK!


Desmolicious wrote:
What's your catch to drop percentage?


Depends on if they slow down the truck or not when tossing it out



Sep 21, 2022 at 04:11 PM
chuhsi1
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p.1 #11 · p.1 #11 · US dollar at 20 year high - good time to buy Leica gear from the UK!


How does one buy Leica gear from the UK? Thinking about credit card international fees, import taxes, VAT, and who knows what else is new to me.


Sep 21, 2022 at 04:13 PM
Jaree
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p.1 #12 · p.1 #12 · US dollar at 20 year high - good time to buy Leica gear from the UK!


Not sure about other countries, but here in the US, my capital one credit card does not charge any international transaction fee. It also gives a pretty decent conversion rate and I also get 1.5% cashback on purchases. Same with Chase credit card, though cashback is 1%.

A good idea, at least for those in the US is to apply for a new credit card, many of them offer a one time $250 bonus + cashback. Or, if you travel, United's offer of 60,000 miles after $3k spend in first 3 months with no fees for 1st year is quite good.

chuhsi1 wrote:
How does one buy Leica gear from the UK? Thinking about credit card international fees, import taxes, VAT, and who knows what else is new to me.




Sep 21, 2022 at 05:05 PM
weatherproof
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p.1 #13 · p.1 #13 · US dollar at 20 year high - good time to buy Leica gear from the UK!


chuhsi1 wrote:
How does one buy Leica gear from the UK? Thinking about credit card international fees, import taxes, VAT, and who knows what else is new to me.


You won't need to pay VAT if you're shipping outside of the UK + Europe.

The main issues are really:
- whether a retailer will ship internationally
- what they'll do if your package is lost
- is said retailer even legit? don't be fooled by prices too good to be true (reddotcameras is legit)
- import fees on orders over $800 USD



Sep 22, 2022 at 05:20 AM
gordec
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p.1 #14 · p.1 #14 · US dollar at 20 year high - good time to buy Leica gear from the UK!


My in-laws are visiting from Vienna end of the year. May have them bring over something from Leica store. I wonder if customs will tax them even if I’m buying it for myself.


Sep 22, 2022 at 08:44 AM
johnvanr
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p.1 #15 · p.1 #15 · US dollar at 20 year high - good time to buy Leica gear from the UK!


gordec wrote:
My in-laws are visiting from Vienna end of the year. May have them bring over something from Leica store. I wonder if customs will tax them even if I’m buying it for myself.


They have to deal with forms to get the sales tax back as they leave the country for a non-EU destination. Not sure they can do that if they live there. Easier to order online and have it shipped. There’s also a 650 euro discount on some cameras at Leica Europe at the moment.

The SL2-S is basically the same price new in Germany as it is used here. M11 is indeed $2,000 cheaper than in the US. For small stuff, it’s not worth it, because shipping is expensive.



Sep 22, 2022 at 10:34 AM
Desmolicious
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p.1 #16 · p.1 #16 · US dollar at 20 year high - good time to buy Leica gear from the UK!


gordec wrote:
My in-laws are visiting from Vienna end of the year. May have them bring over something from Leica store. I wonder if customs will tax them even if I’m buying it for myself.


If they declare it, yes.

Have them carry it around their neck like they are using it, but keep the boxes in their check in luggage. Or have them mail you the empty boxes if you want them.



Sep 22, 2022 at 11:27 AM
gordec
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p.1 #17 · p.1 #17 · US dollar at 20 year high - good time to buy Leica gear from the UK!


johnvanr wrote:
They have to deal with forms to get the sales tax back as they leave the country for a non-EU destination. Not sure they can do that if they live there. Easier to order online and have it shipped. There’s also a 650 euro discount on some cameras at Leica Europe at the moment.

The SL2-S is basically the same price new in Germany as it is used here. M11 is indeed $2,000 cheaper than in the US. For small stuff, it’s not worth it, because shipping is expensive.


If they ship it, we have to pay import tax after we receive the item right?

---------------------------------------------

Desmolicious wrote:
If they declare it, yes.

Have them carry it around their neck like they are using it, but keep the boxes in their check in luggage. Or have them mail you the empty boxes if you want them.


Good point. I'm going to call Leica Vienna about the M10R.



Sep 22, 2022 at 11:56 AM
johnvanr
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p.1 #18 · p.1 #18 · US dollar at 20 year high - good time to buy Leica gear from the UK!


Desmolicious wrote:
If they declare it, yes.

Have them carry it around their neck like they are using it, but keep the boxes in their check in luggage. Or have them mail you the empty boxes if you want them.


There's two tax moments, in theory: the VAT in the country where it's bought. In the case of the EU, if you can prove you're taking the item directly and unused out of the EU, you get VAT back. Don't know the exact procedure, but that should be easy to find online. This probably also means you cannot unpack it in the EU. Like if you buy duty-free liquor at the airport, no way you can drink it there. Again, not sure, but worth checking.

The second tax moment is the importation into your home country. I've never seen the US charge duties on camera gear I've bought abroad and had shipped over, but again, I'm not sure how it works when you bring it in. I would assume no duties would be charged. If you're afraid duties would be charged, then, yes, it makes sense to unpack the camera during the flight and bring it in as if you're just carrying it back.

Officially, though, you'd have to declare which gear you're taking out and which gear you're bringing back in. I wouldn't worry as an amateur, but a pro flying with tons of gear from a country that charges duties should play it safe. Different discussion, though.



Sep 22, 2022 at 12:05 PM
weatherproof
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p.1 #19 · p.1 #19 · US dollar at 20 year high - good time to buy Leica gear from the UK!


johnvanr wrote:
The second tax moment is the importation into your home country. I've never seen the US charge duties on camera gear I've bought abroad and had shipped over, but again, I'm not sure how it works when you bring it in. I would assume no duties would be charged. If you're afraid duties would be charged, then, yes, it makes sense to unpack the camera during the flight and bring it in as if you're just carrying it back.


US Customs seems to care more about people bringing in illegal goods (e.g. fresh fruit / invasive species) than tourists buying expensive items overseas. I wouldn't worry about bringing home a Leica unless you have the worst of luck.

For VAT exemptions, a Leica shop can help out with filling out the tax forms and you can get a refund at the airport.

https://www.leicashop.com/brandnew/at/en/faqs-en

If you are a EU VAT exempt tourist, you may use the "reserve and pay in store" function to be able to pick up and pay your order in one of our local Leica Stores. Our staff will support you in filling out all paperwork required for a tax refund. Please be sure to bring your passport.

You can expect to receive back somewhere between 11-15% on your purchase when you arrive at the airport, depending on your purchase amount.

VAT refunds are not possible for pre-owned items.



Sep 22, 2022 at 02:31 PM
rscheffler
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p.1 #20 · p.1 #20 · US dollar at 20 year high - good time to buy Leica gear from the UK!


From my experience buying from the Leica Store in person in Munich, when you leave the country via the airport, there are two methods for VAT refund. There's the usual procedure where before going through security you take your bags to the customs office, they ask some questions and stamp your tax rebate forms. You then head over to the VAT refund kiosk, hand over those forms and they give you a partial refund of the VAT (it's a third party that provides this as a 'service' and they take a cut), which might only be about half of what you paid in VAT.

The other option is for full VAT refund, but it's not as convenient. I only did this a couple times, but it worked without any hassle. You go through the usual check-in and go through security and regular customs. Once inside the secure area, you look for the customs office and bring them your paperwork and the item(s) being exported. They will want to see the item(s), therefore, you can't put them in your checked luggage, which would have already been checked in (and which for photo equipment you likely wouldn't want to do anyway). In my cases, it didn't matter that I'd already opened the boxes and used the items. They just wanted to see it and the serial numbers. There might be a distinction between general 'durable' goods and consumables. But camera equipment would not be considered a consumable. I'm not an EU resident either, so maybe as suggested earlier, there are some different considerations if an EU resident was exporting an item (to prove they didn't befit from using for some time before export). The catch with this option is that the customs office only stamps your paperwork that the item has been exported. They do not refund the VAT on the spot. You are required to collect the refund from the store where you purchased the item. Of course, you're now 'out of the country' and can't go back to claim that refund. The Munich Leica store said I could either wait until my next visit (I don't recall if there was a time limit), send the paperwork to a friend or relative and have them collect the refund in person (the option I selected), or send the paperwork to them to refund onto a credit card (but you should confirm if this option is available). This is the 'inconvenient' part of this refund option. But you get the full VAT refund, eventually.

I didn't know about the second option before my dealings with the Munich Leica Store and had always used the regular tourist VAT refund service with only a partial refund. They were well versed in this topic, I assume because of the many international customers they deal with.

You could also check prices in Japan, although Leica pricing has always been high there. Other products, such as Zeiss and Voigtlander can be considerably less, but the hassle is finding an online store that will ship internationally. In person purchases though are generally a breeze. From my experience at the larger stores like Map or Yodobashi, was that the store deducted VAT at time of purchase. Therefore it was not necessary to collect a refund at the airport. And apparently now all of the paperwork is processed electronically.

Considering some of the price differences, whether in the EU or elsewhere, if combining a number of items, the savings could cover the cost of the flight there! But of course the biggest savings is to buy online and have it shipped to you.



Sep 22, 2022 at 03:22 PM
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