Parallel Imports Approved from 2018
Discussion
Minister for Territories, Local Government and Major Projects, Paul Fletcher, will formally announce effective 2018 the government will allow private importation on new and near-new vehicles this morning.
In a press release issued overnight, the Minister Fletcher stated: "The law will be changed so that, from 2018, a consumer will be able to personally import a new car or motor cycle from another country with comparable standards to Australia's, up to once every two years, if specified conditions are met.
"The vehicle must be a motorcycle or right hand drive passenger vehicle, be no more than 12 months old and have no more than 500km on the odometer.
"The Australian Government will specify the countries considered to have comparable standards. Of the world's right hand drive countries, Japan and the United Kingdom currently meet the standard. Other countries may be included upon reaching a comparable standard."
In a press release issued overnight, the Minister Fletcher stated: "The law will be changed so that, from 2018, a consumer will be able to personally import a new car or motor cycle from another country with comparable standards to Australia's, up to once every two years, if specified conditions are met.
"The vehicle must be a motorcycle or right hand drive passenger vehicle, be no more than 12 months old and have no more than 500km on the odometer.
"The Australian Government will specify the countries considered to have comparable standards. Of the world's right hand drive countries, Japan and the United Kingdom currently meet the standard. Other countries may be included upon reaching a comparable standard."
Serious question but what are the chances of someone getting their car mileage corrected in the UK before shipping to fit within the 500km boundary?
It's not exactly hard to get it arranged there.
Would make one helluva price difference to new if a car is 10montha old with 12,000 original miles.
It's not exactly hard to get it arranged there.
Would make one helluva price difference to new if a car is 10montha old with 12,000 original miles.
dobly said:
I think that by saying is has less than 500kms on the clock, but could have been bought up to 12 months previously, the car will have had to have been bought new by you, then you have up to 12 months to bring it in. 500kms is enough to drive it to any (UK for example) port. This will allow you to bring in a new car, but probably not a demonstrator, which would have more ks on the clock. I can't think of an example where you would buy a second hand car which would have less than 500kms on the clock. Surely if you were buying a new car, you would spec it just for you. And a dealer would only sell you a car if they make money on it.
It states specifically:"The vehicle must be a motorcycle or right hand drive passenger vehicle, be no more than 12 months old and have no more than 500km on the odometer"
So that isn't any reference to ownership and I think it is as simple as you can buy any <1yr old car and immediately ship it.
Given that pre-reg'ing cars and vast discounting takes place in the UK it should mean a very cheap way to get something special.
I've heard of ridiculously cheap M3 F30's which could mean you could have a near new one landed for sub $100k for example.
dobly said:
My point was who would have a desirable car with less than 500kms on the clock for sale, apart from a new car dealer?
A dealer won't order something unless they are going to make the maximum amount of money from it - either as a demonstrator (more than 500kms) or as a "management car" - ie for the boss to use then sell on (again more than 500kms), or a genuine customer order that gets cancelled at the last minute - it very rarely happens.
If you are talking about a dealer that orders 1 more car than they have sold to get the next level of kick-back from the manufacturer, then possibly, but this will usually be a demonstrator which will work a bit (more than 500kms) before being moved on.
I just can't see a dealer selling a car on when they don't make as much out of it as possible, as most cars these days are built to order - there is too much money tied up to take a chance on "stock" just sitting there on the off-chance that someone in a faraway land will want to save a bit of money.
If what you are saying is that a (for example) UK-sourced BMW M3 can be ordered and delivered to Australia for less than an Oz dealer sourced one, then the price of Oz-new M3s will be coming down to match the Parallel-Import sourced ones very soon, if the practice has any takers.
The UK is chockers with dealers and specialists with cars that fit the rules.A dealer won't order something unless they are going to make the maximum amount of money from it - either as a demonstrator (more than 500kms) or as a "management car" - ie for the boss to use then sell on (again more than 500kms), or a genuine customer order that gets cancelled at the last minute - it very rarely happens.
If you are talking about a dealer that orders 1 more car than they have sold to get the next level of kick-back from the manufacturer, then possibly, but this will usually be a demonstrator which will work a bit (more than 500kms) before being moved on.
I just can't see a dealer selling a car on when they don't make as much out of it as possible, as most cars these days are built to order - there is too much money tied up to take a chance on "stock" just sitting there on the off-chance that someone in a faraway land will want to save a bit of money.
If what you are saying is that a (for example) UK-sourced BMW M3 can be ordered and delivered to Australia for less than an Oz dealer sourced one, then the price of Oz-new M3s will be coming down to match the Parallel-Import sourced ones very soon, if the practice has any takers.
Edited by dobly on Thursday 11th February 22:15
Finding something worthwhile really isn't a problem.
And if the VAT is deductible well now you're really saving fortunes given that's being something like an M3 to sub $100k delivered.
Jader1973 said:
Pommygranite said:
The UK is chockers with dealers and specialists with cars that fit the rules.
Finding something worthwhile really isn't a problem.
And if the VAT is deductible well now you're really saving fortunes given that's being something like an M3 to sub $100k delivered.
And UK cars aren't necessarily the same spec as an Aus car.Finding something worthwhile really isn't a problem.
And if the VAT is deductible well now you're really saving fortunes given that's being something like an M3 to sub $100k delivered.
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