Any info on exporting cars to Africa
Discussion
Hi, my uncle has moved to Sierra Leone and opened a bar. He reckons cars sell at about 200-300% more there than here. So I am considering maybe exporting cars there but, would anyone have any idea what sort of fees would be involved and what sort of logistical nightmare it would be? Any info or a nudge in the right direction would be greatly appreciated.
not too sure about them sides...but my uncle makes a slight profit taking cars to Kenya, although the profit margin is very small
the whole bulk is the tax duty on the vehicle and this is based on the new car value, not even the 2nd hand value and is always almost double
there was one young guy who had a new porsche GT3 over there...seeing that over there is like seeing a pagani zonda or veyron over here in terms of value
the whole bulk is the tax duty on the vehicle and this is based on the new car value, not even the 2nd hand value and is always almost double
there was one young guy who had a new porsche GT3 over there...seeing that over there is like seeing a pagani zonda or veyron over here in terms of value
Oh something I know about for a change. My wife is from Salone & my BiL is a senior customs officer there.
Cars sell there for big money, but a chunk of that is importation duty which from memory is 40% of invoice value for new cars (under a year) & 60% for older ones. There is quite a lot of money there so yes a ready market but they are quite picky, so most jap stuff & "quality" EU makes BMW & Merc.
I can find out more if you want.
Yes it is a very corrupt market, but the whole country is.
PS. More importantly which bar & where?
Cars sell there for big money, but a chunk of that is importation duty which from memory is 40% of invoice value for new cars (under a year) & 60% for older ones. There is quite a lot of money there so yes a ready market but they are quite picky, so most jap stuff & "quality" EU makes BMW & Merc.
I can find out more if you want.
Yes it is a very corrupt market, but the whole country is.
PS. More importantly which bar & where?
Edited by tr7v8 on Monday 7th December 12:29
It's because of the import tax that cars are more expensive. When I lived in Ghana I paid over a grand for a recently imported Tercel 4x4 which was probably worth £2-300 back in Blighty. Similar story with a Nissan Pick-Up I bought in Nigeria. Managed to sell both cars for a profit though...
here.tr7v8 said:
Oh something I know about for a change. My wife is from Salone & my BiL is a senior customs officer there.
Cars sell there for big money, but a chunk of that is importation duty which from memory is 40% of invoice value for new cars (under a year) & 60% for older ones. There is quite a lot of money there so yes a ready market but they are quite picky, so most jap stuff & "quality" EU makes BMW & Merc.
I can find out more if you want.
Yes it is a very corrupt market, but the whole country is.
PS. More importantly which bar & where?
I don't know the name of the bar but, I will find out. He has only just moved there about a month ago. I think it is in Freetown. Does anyone know where I can find the exact fees?Cars sell there for big money, but a chunk of that is importation duty which from memory is 40% of invoice value for new cars (under a year) & 60% for older ones. There is quite a lot of money there so yes a ready market but they are quite picky, so most jap stuff & "quality" EU makes BMW & Merc.
I can find out more if you want.
Yes it is a very corrupt market, but the whole country is.
PS. More importantly which bar & where?
Edited by tr7v8 on Monday 7th December 12:29
I know my Dad's old company, a large skip/recycling and haulage firm, used to sell a lot of trucks on to a 're-seller' who regularly advertised in truck/plant trader as 'ready for africa export'. Not sure what thats all about, but would certainly suggest there's a market in that area - that's good quality sub 5 yr old tractor units by the way, not sure about cars.
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