Comprehensive Budget Components
| Item | Description | Percentage of MSRP |
|---|---|---|
| Retail Price | Manufacturer Suggested Retail Price (Current market adjustment price) | 100-150%* |
| Proxy Fee | Hoobuy service charge (varies by model rarity) | 8-15% |
| Import Tax | Region-specific customs duty (Hong Kong proxies often lowest) | 5-25% |
| Insurance | Mandatory coverage for 100% value during shipping | 1.5-3% |
| Payment Fee | Currency conversion/transfer charges | 2-4% |
* Professional models (Daytona, GMT) typically command 120%+ premium
Practical Application: 2024 Datejust Purchase
- Locate current retail price (£7,500) in spreadsheet's Model Reference Tab
- Apply 12% proxy fee (varies by seller relationship)
- Account for UK customs at 20% + £125 handling
- Add insurance at 2% of declared value
- Include Wise transfer fee (0.5% saving vs PayPal)
Pro Tip:Tax Optimization tab
By contributing to and cross-referencing the Hoobuy spreadsheet (official templates here), members achieve 15-30% better budget accuracy versus independent buyers. The collective wisdom prevents surprises like unexpected VAT assessments or underinsured shipments.