Importing a car to Australia - All the facts... Hopefully!
Discussion
onny said:
My shipping agent used my UK purchase price + RORO shipping cost as the Customs landed value and calculated 10% GST and 5% Duty for the GST and Duty I had to pay.
Surely if you'd owned them both for more than 12 months then your purchase price would be higher than they are actually worth?Couldn't they have valued them based on similar cars with similar mileages from Autotrader, or Parkers or something?
I think I got a very good deal, as result both car was valued at less than 1/2 of a similar car in Australia. You are usually required to get a valuation from a registered valuer in Australia and they tend to value the customs landed value for GST and duty to be a percentage (around 2/3) of a similar car here and not the UK. In theory you are not suppose to gain from bringing in a car from overseas.
Great thread. The wife and I are moving to Oz in a few years but difficulty is we have am Etype Series 1, Integrale Evo 2, Gen 2 997 GT3, V10 RS6, X5, and some motorbikes, Dominator SS, Speed Triple and Paul smart ducati.
Of course, I would like to bring them all, but will be etype in Wife's name and Dominator in mine in personal scheme. Thing is, we plan to set up a car rental. firm for specialist cars.
So, what I am wondering is if I set the company up when there, will I simply be allowed to import as many as I like under the car and bike rental company? Like many car import firms do there? In which case, I don't sell anything and then import the rest under the company? Anyone know of this? It's taken a while to get the right bikes and cars and I want to bring then with. Just sold my E30 M3 as I started to realise the restrictions.
cheers
Of course, I would like to bring them all, but will be etype in Wife's name and Dominator in mine in personal scheme. Thing is, we plan to set up a car rental. firm for specialist cars.
So, what I am wondering is if I set the company up when there, will I simply be allowed to import as many as I like under the car and bike rental company? Like many car import firms do there? In which case, I don't sell anything and then import the rest under the company? Anyone know of this? It's taken a while to get the right bikes and cars and I want to bring then with. Just sold my E30 M3 as I started to realise the restrictions.
cheers
Randompunter74 said:
Sorry, so are you saying that as the E Type is a pretty 89 car it can be bought in on its own? In addition to both 1 for my wife and 1 for me under the personal scheme?
If that's the case then I could bring in any cars older than 89? If so, how many?
Cheers.
Pre 01/01/1989 = you can bring in as many as you like as often as you like. Bring your e-type in as this and use the personal import for some other car post this manufactured date.If that's the case then I could bring in any cars older than 89? If so, how many?
Cheers.
NBTBRV8 said:
Randompunter74 said:
Sorry, so are you saying that as the E Type is a pretty 89 car it can be bought in on its own? In addition to both 1 for my wife and 1 for me under the personal scheme?
If that's the case then I could bring in any cars older than 89? If so, how many?
Cheers.
Pre 01/01/1989 = you can bring in as many as you like as often as you like. Bring your e-type in as this and use the personal import for some other car post this manufactured date.If that's the case then I could bring in any cars older than 89? If so, how many?
Cheers.
Im looking to move to Oz and just like a lot of you guys thinking of taking my 2013 E92 M3.
Question I have is - once you've added the transport/insurance/import taxes is the overall cost of the car still cheaper than an aussie car (which we know are a lot higher than uk cars?)
For example my car is worth about £34K in UK
A similar car in Oz is about £48K (oz cars are about 50-52K but I'm assuming people would pay less for a UK car)
Thanks
Question I have is - once you've added the transport/insurance/import taxes is the overall cost of the car still cheaper than an aussie car (which we know are a lot higher than uk cars?)
For example my car is worth about £34K in UK
A similar car in Oz is about £48K (oz cars are about 50-52K but I'm assuming people would pay less for a UK car)
Thanks
joedesi said:
Thanks. But it's not as straight forward converting the price based on exchange rates. Looking on the Australian classifieds it depends what the market would be willing to pay. As stated above I think it's worth about £50 k abroad
I may be wrong though. Happy to be corrected
I think you'd end up nearer $85k for yours - there was a recent price drop on the M4/f80 M3 and they're closing to $110k fast. I may be wrong though. Happy to be corrected
Personally i wouldn't ship it as you could be sitting on it for a while - oz isn't booming for prestige. Just my opinion
Edited by Pommygranite on Wednesday 9th March 12:11
Pommygranite said:
joedesi said:
Thanks. But it's not as straight forward converting the price based on exchange rates. Looking on the Australian classifieds it depends what the market would be willing to pay. As stated above I think it's worth about £50 k abroad
I may be wrong though. Happy to be corrected
I think you'd end up nearer $85k for yours - there was a recent price drop on the M4/f80 M3 and they're closing to $110k fast. I may be wrong though. Happy to be corrected
Personally i wouldn't ship it as you could be sitting on it for a while - oz isn't booming for prestige. Just my opinion
Edited by Pommygranite on Wednesday 9th March 12:11
The new car import rule that will kick in a few years time will kill off any thoughs of bringing in anything except very special cars.
Okay, so having read the most pet of this thread I have a question. Say I was to buy a used Porsche Cayman here, could I ship it to sell in Australia? What would I need to do to the car to allow that? And are their any rules against it, such as setting up a dealership with just imports? I only ask this as while looking at cars I found that the Cayman I can buy here in the UK for £15000, yet in Australia I can't seem to find any being sold for less than around $60/70000. Which would be around a £10000 profit just to ship. Would you say it is plausible or not? Also I checked the price to be shipped and got quoted for £1600 with all insurance etc, just not the charges when it arrives etc. What sort of charges would they be?
Thanks
Lee
Thanks
Lee
I'm in the market for a new car at the moment it in the back of my mind when deciding what to buy is that I'll be moving to Oz in around 2 years with my Aussie Mrs.
I'm currently looking at a 2-3 year old BMW M5, would this be worth the cost and hassle? - I reckon it'll cost around £35k to buy.
Other considerations would be a BMW X5, Porsche Boxster or Lotus Evora SR, would these fall into the same 'not worth the hassle and cost' category as the M5?
An observation from the thread is that I might do better with a Japanese car if I was going to import, if that was the case, would a Nissan GT-R be more marketable in Oz?
I'm currently looking at a 2-3 year old BMW M5, would this be worth the cost and hassle? - I reckon it'll cost around £35k to buy.
Other considerations would be a BMW X5, Porsche Boxster or Lotus Evora SR, would these fall into the same 'not worth the hassle and cost' category as the M5?
An observation from the thread is that I might do better with a Japanese car if I was going to import, if that was the case, would a Nissan GT-R be more marketable in Oz?
greido said:
I'm in the market for a new car at the moment it in the back of my mind when deciding what to buy is that I'll be moving to Oz in around 2 years with my Aussie Mrs.
I'm currently looking at a 2-3 year old BMW M5, would this be worth the cost and hassle? - I reckon it'll cost around £35k to buy.
Other considerations would be a BMW X5, Porsche Boxster or Lotus Evora SR, would these fall into the same 'not worth the hassle and cost' category as the M5?
An observation from the thread is that I might do better with a Japanese car if I was going to import, if that was the case, would a Nissan GT-R be more marketable in Oz?
I would focus on buying a car you like / want rather than focus on any potential arbitrage. It will be minimal at best anyway. Australians have a healthy scepticism of uk imports (think they are all rusty heaps / prefer oz delivered). You will have to prove it accordingly to sell it on later. I'm currently looking at a 2-3 year old BMW M5, would this be worth the cost and hassle? - I reckon it'll cost around £35k to buy.
Other considerations would be a BMW X5, Porsche Boxster or Lotus Evora SR, would these fall into the same 'not worth the hassle and cost' category as the M5?
An observation from the thread is that I might do better with a Japanese car if I was going to import, if that was the case, would a Nissan GT-R be more marketable in Oz?
Jap cars are fairly easily sourced in oz. Maybe an r35 would be worth it
I would focus on something that's European , rare / not readily available in oz if your aim is to make some money out of it.
I'll soon be moving to QLD, Australia on a 457 visa, and was wondering if I could take my 1995 Peugeot 106 Rallye on the personal import scheme. I've owned it for over 12 months and although it is road legal and annually MOT'd, it has been a trailered track car so I have plenty of documents to prove ownership and maintenance, but nothing to prove use on the road.
Does anybody know if this would qualify?
I was also considering at some stage carrying out a turbo conversion on it and was wondering if there would be any barriers to this with regards to obtaining the Australian Rego on an ongoing basis?
Thanks
Does anybody know if this would qualify?
I was also considering at some stage carrying out a turbo conversion on it and was wondering if there would be any barriers to this with regards to obtaining the Australian Rego on an ongoing basis?
Thanks
Juz said:
I'll soon be moving to QLD, Australia on a 457 visa, and was wondering if I could take my 1995 Peugeot 106 Rallye on the personal import scheme. I've owned it for over 12 months and although it is road legal and annually MOT'd, it has been a trailered track car so I have plenty of documents to prove ownership and maintenance, but nothing to prove use on the road.
Does anybody know if this would qualify?
I was also considering at some stage carrying out a turbo conversion on it and was wondering if there would be any barriers to this with regards to obtaining the Australian Rego on an ongoing basis?
Thanks
Technically it should be a standard car. Each state is very different and from what I know Queensland is mega relaxed compared to others. You won't need to prove it's been on the road. 12 month ownership is enough.Does anybody know if this would qualify?
I was also considering at some stage carrying out a turbo conversion on it and was wondering if there would be any barriers to this with regards to obtaining the Australian Rego on an ongoing basis?
Thanks
Perhaps bring your turbo conversion kit with you and do it at this end.
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