Is it cheaper to import cars?
Discussion
Just a random question after looking into moving to New Zealand.
I imagine the cheaper cars such as a focus are not cheaper to import but something like the aventador? $650,000 but you could pick one up in uk for £265,000-£300,000. That equates to roughly $500,000+ leaving a good $100k to sort out everything else. So would it be cheaper importing or buying new/used in NZ?
I imagine the cheaper cars such as a focus are not cheaper to import but something like the aventador? $650,000 but you could pick one up in uk for £265,000-£300,000. That equates to roughly $500,000+ leaving a good $100k to sort out everything else. So would it be cheaper importing or buying new/used in NZ?
cheddar said:
The most prudent method would be to research your cars and do your calculations at two to one + 15% GST + $3k to ship and a further $1k - $2k for compliance.
The more expensive the car the bigger the savings as the shipping and compliance become a smaller percentage of overall cost.
The cost effective method is to buy brand new and VAT free in the UK, save on the 20% vat for export purposes and add back on the 15% GST - again though the savings are car specific.
Example: BMW M135i UK cost with available discount and VAT free for export is $47,000 + 15% GST = $54,050+ $3k shipping + $1k compliance = $58,050 on your driveway, it would be an $80,000 - $90,000 car over here.
Used example: Good Clio V6 MK2 UK cost approx $26,000 + $3,900 GST + $3,000 shipping + maybe $2k compliance = $34,900 - NZ price is mid $40's to $50,000
Yes, you can land cars much cheaper than you can buy them here, do your homework, your maths and there are anomalies so choose well.
Mine's the Clio V6 with only 8,900 miles that's up for £15k please.
Thanks The more expensive the car the bigger the savings as the shipping and compliance become a smaller percentage of overall cost.
The cost effective method is to buy brand new and VAT free in the UK, save on the 20% vat for export purposes and add back on the 15% GST - again though the savings are car specific.
Example: BMW M135i UK cost with available discount and VAT free for export is $47,000 + 15% GST = $54,050+ $3k shipping + $1k compliance = $58,050 on your driveway, it would be an $80,000 - $90,000 car over here.
Used example: Good Clio V6 MK2 UK cost approx $26,000 + $3,900 GST + $3,000 shipping + maybe $2k compliance = $34,900 - NZ price is mid $40's to $50,000
Yes, you can land cars much cheaper than you can buy them here, do your homework, your maths and there are anomalies so choose well.
Mine's the Clio V6 with only 8,900 miles that's up for £15k please.
the OH loves clio 
lestag said:
Bad example
http://www.trademe.co.nz/motors/used-cars/lamborgh...
1)You could get it under 600k i am sure.
2)Second hand imports wtill have a stigma to them, esp exotics
3) selling it ater a year or two you would avoid GST, but probably still loose money as it will have depreciated heavily by then
4) need to be careful on compliance costs.
5) £300,000 equates to $600,000 in todays money, plus shipping and insurance
Cheers, theres no insurance though? Unless you want it?http://www.trademe.co.nz/motors/used-cars/lamborgh...
1)You could get it under 600k i am sure.
2)Second hand imports wtill have a stigma to them, esp exotics
3) selling it ater a year or two you would avoid GST, but probably still loose money as it will have depreciated heavily by then
4) need to be careful on compliance costs.
5) £300,000 equates to $600,000 in todays money, plus shipping and insurance
lestag said:
smiffy180 said:
Cheers, theres no insurance though? Unless you want it?
I meant insurance for shipping the car over.http://en.wikipedia.org/wiki/MV_Rena
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