Planning to import cars from Japan? The process is always fraught with plenty of risks and challenges. If you are not well equipped with helpful ideas on importation then you are in the brink of a catastrophe. There are many charges that you will have to grapple with when it comes to Jap imports. For instance, buying a $30,000 car from Japan which is manufactured before 1 January 1988 could cost over $4,000 before you apply the taxes, duties, vehicle compliance, registration, and the GST.
Vehicle owners generally have to put a gargantuan sum of expenses before they will finally get the vehicle on the doorstep. Below is a summary of some of those costs which you will incur.
1. The Shipping and Customs Costs
These are the main costs that you will spend when it comes to the Jap imports. These include the customs costs both in the country which you are exporting from and in Australia. Additional costs covered here include the cleaning, the quarantine, plus the international freight and port service charges for the vehicle importation.
2. The Taxes and Duties
There are taxes and duties that you will need to pay when planning to import cars Japan market offers. If your vehicle has a value greater than $60,316, then you will incur a luxury car tax of 33% as well as the GST. Apart from that, you will pay duty for the vehicle and this varies based on the type and the age of the vehicle. Vehicles under the age of 30 generally incur a duty of 5% and a GST of 10%.
3. The Compliance Costs
There are certain vehicles that will need certain modifications for them to be roadworthy in Australia. Some of these modifications can include adding some new light globes or simply re-gassing the air conditioners of the vehicle. For these categories of vehicles, there is a certain compliance cost that you will pay.
4.The Vehicle’s Registration and Insurance
Like all cars, it is imperative that your Jap imports must be registered once they are compliant and ready for driving. There is a stamp duty and insurance cost that you will pay for the vehicle. It is of high importance that you will also consider needed documentation along with the time-frames before a permit is released. Every government agency has set of requirements that you must comply.
If you are not buying the vehicle in Australian currency, then there are certain options through which you could minimize the costs of importation. All you need is to understand the vehicle importation environment of the country before you can move ahead with certainty. Better still, you may entrust the Japanese vehicle importation process to car import specialists that has considerable experiences in the field.
One such service is Auto Project, available at http://autoproject.com.au/. You can contact them to import various kinds of Japanese vehicles such as the Toyota Crown S180 Majesta C Type, the Nissan Crossover J50-IMPUL, Toyota Supra, Toyota Chaser and many other Japanese car models.