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Perhaps it might be helpful to point out there are a few ways of buying a second hand car which can impact on VAT....
1) Trade
2) Private
3) Trade (after a period of private ownership)
As I do not believe it is possible to privately buy a car without someone paying VAT somewhere along the way I am in the "it doesn't dissappear camp." It is function of the market price albeit there is no VAT payable in the specific transaction where someone has already taken the hit.
I may be wrong, but that's my understanding :0)
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