Parallel imports for second-hand models shelved over safety concerns.

[Polyal]

Originally Posted by Deo

Tripping if you think the Govt isn't still going to hit you up for Luxury Car Tax.



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Has there been any announcement about what taxes will be incurred? Normal Stamp duty and GST?

Surely all of this will make a difference to what people are being charged? Would be nice to know what additional margin is on Aus cars with the LCT taken out?

[Deo]

Page 5
https://infrastructure.gov.au/vehicl..._Questions.pdf

BorderForce will collect

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[CyberWasp]

Has anyone got a list of fun / quirky Japanese Cars that we should be looking at to import?

[Polyal]

Originally Posted by Deo

Page 5
https://infrastructure.gov.au/vehicl..._Questions.pdf

BorderForce will collect

Sent from my GTi-9305 using bloody Tapatalk

Well there goes the main incentive?

[Hemihunter]

The Australian government confirmed today that starting in 2018, import laws will be relaxed on new, used and classic car imports into the country. Australians will be able to get their hands on a greater variety of new cars, while also saving a bundle on classic car imports.

Australian New Car Imports

When the last car manufacturers leave Australia in 2018, relaxed car import laws will provide a form of relief to new car buyers. Similar to the current parallel import laws in China, Australians will be able to import new cars without having to go through local dealers. It is not only expected to drive new car prices down, but it will also open the door to a wider range of models and options which were never offered in Australia.

However, there are a few caveats on new car imports:
•Car buyers will be limited to purchasing once every two years
•Vehicles must have comparable standards to Australia (currently only the UK and Japan)
•Vehicle must be right hand drive, no older than 12 months old, and have no more than 500km on the odometer
•Vehicles will be required to register in an online database

Australian Classic Car Imports

Used classic and exotic car buyers can also breathe a sigh of relief. The government will relax the import laws on classic cars and collectible cars provided that they are over 25 years old, or are on the register of specialist and enthusiast vehicles. They are also removing the $12,000 special import duty on such vehicles. Expect to see a lot more American classic cars in 2018!

[Sioso]

I wouldn't be touching a new or used high end euro in the next year or two, their values are going to drop like a lead balloon.

[Deo]

Why will this have a greater effect on high-end or Euro cars?

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[Brazen]

Bear in mind in the UK their cars have a 20%VAT (GST) and you won't need to pay it, so the cars are cheaper again, of course local taxes apply here.

The insurance companies have said they will sell warranties. Imagine picking up a new Boxster for 70 grand and add 4 grand for a three year warranty.

[GasoLane]

Originally Posted by Brazen

The insurance companies have said they will sell warranties. Imagine picking up a new Boxster for 70 grand and add 4 grand for a three year warranty.

I can see this being a Claytons warranty, not unlike the ones you buy as extras from some car yards now.

[Brazen]

Originally Posted by GasOLane

I can see this being a Claytons warranty, not unlike the ones you buy as extras from some car yards now.

It depends, some will be reputable. Some factory extended warranties are actually repackaged policies from Allianz and cover everything a normal warranty does. Some could be crap though

[tranquilized]

Originally Posted by Deo

Why will this have a greater effect on high-end or Euro cars?

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Because we pay roughly equivalent prices for entry level/run of the mill type cars, but get royally reamed on the high end euro stuff.

[Blue Shadow]

Originally Posted by Cav

You can make any case you like to support your argument.

For example,

Wouldn't a 2-3 year old car from Japan be safer than a 10 year old car in Australia that has not had a safety inspection for years?

Or

We can't have these cast off from overseas. They are cheap and nasty and do not comply with ADRs. Criminal elements will steal them and sell them to poor unsuspecting stupid idiots in Australia.

And there are 1 or 2 of them on oz

[csv8]

You would be able to bring in a Mondeo Vignale, Focus Wagon, Galaxy, SMax etc etc which Ford wont bring here...

[csv8]

"Carsales chief executive Greg Roebuck has warned that the government's plans to relax restrictions on the import of new and near-new foreign cars is not a positive move for consumers and may leave them without local support should something go wrong with a vehicle purchased from overseas.

His comments came as Carsales reported a record half-year profit of $51.34 million, up 10 per cent compared with the previous corresponding period, while revenue rose 11 per cent to $167.3 million in the same period.

The government today gave the green light to a policy that will allow consumers to import cars or motorbikes from overseas from 2018, as long as the car is under 12 months old, has under 500 kilometres on its odometer. The policy also states that the vehicle must come from a country of 'comparable standards' – Japan and the United Kingdom are the only countries that currently qualify.

"I just think it's not a positive thing for consumers in all cases because there will be people that buy a car and have no local support and be pretty unhappy with that result," Mr Roebuck told Fairfax Media.

Mr Roebuck said that there were a number of issues, including warranty and insurance that could have a negative impact on consumers.

"I think the local guys do a great job of the complete service of selling a car, owning a car, servicing a car, providing warranty on a car that may not look the same in a parallel import scenario," he said.

It is not the way Mr Roebuck would like to see the market go, but he said any impacts would likely be more positive than negative for Carsales due to an increase in listings."
http://www.brisbanetimes.com.au/busi...09-gmpxwl.html

[JG66ME]

The 500km limit is a downer. People in the UK tend to drive up to an hour to get to work so a one year old car there will have equivalent miles on the clock as and Aussie delivered car. Looking on Auto Trader 10,000 miles is not uncommon. I see a possible loophole here though. The speedometer is going to need to be changed out from miles to kilometres. Because the car is to be exported the miles on selling wont be recorded on the V5 (Log book) and the V5 will be marked "exported".

[383hq]

Yet again politicians, sponsored by the tax payer, treat tax payers with contempt.

First through the button plan et al, they kill the industry,
now, they limit imports to 500km/12 months from the UK or japan

Politicians believe we're stupid enough to believe:
-no other RHD country has equivalent safety systems

-500km/12months is satisfactory.

a car lose's 25% of it's value as soon as it leaves the dealer.
the only people prepared to take such a loss are
a) under severe financial hardship
b) getting rid of a lemon.

someone closer to the uk or japan will take advantage of any arbitrage deal from a)

we'll be left with b).....

How many people do you know sell their cars within 500km's of buying them?

demonstrator vehicles if you're lucky........

[SumoDog68]

Originally Posted by 383hq

Yet again politicians, sponsored by the tax payer, treat tax payers with contempt.

First through the button plan et al, they kill the industry,
now, they limit imports to 500km/12 months from the UK or japan

Politicians believe we're stupid enough to believe:
-no other RHD country has equivalent safety systems

-500km/12months is satisfactory.

a car lose's 25% of it's value as soon as it leaves the dealer.
the only people prepared to take such a loss are
a) under severe financial hardship
b) getting rid of a lemon.

someone closer to the uk or japan will take advantage of any arbitrage deal from a)

we'll be left with b).....

How many people do you know sell their cars within 500km's of buying them?

demonstrator vehicles if you're lucky........

500km limit means that in reality this import deal is limited to new cars . You would be buying them off dealers and mostly likely not private sellers.
There will certainly be new businesses offering their services in finding desired vehicles in UK or Japan and delivering them to Australia.

[nstg8a]

It's the classic cars that has my attention... 25 year cap means there's a whole lot,of cool old jap stuff that just became a whole lot more attainable.

[GO FURTHER]

Originally Posted by Loud_Noises

Before on-roads and the VAT, they cost about 46k GBP. So make it $100k here, that's $60k better than the current sticker price.

Hmmm .... So what that means is I could bring in four of these C63's a year, at say $100K each, sell them privately (thus no warranty to worry about) for say $120K each, which is still $40K below Australian sticker price, and I'd make $80,000 a year before tax while relaxing on the beach everyday.
Beats working for a Boss full time to earn a wage

[Trump]

Yeah but don't forget, everyone else could get them for $100k should the numbers fall that way if this scheme becomes reality.

[sr71]

Originally Posted by BAXRSIX

Hmmm .... So what that means is I could bring in four of these C63's a year, at say $100K each, sell them privately (thus no warranty to worry about) for say $120K each, which is still $40K below Australian sticker price, and I'd make $80,000 a year before tax while relaxing on the beach everyday.
Beats working for a Boss full time to earn a wage

I've read there is a limit of 1 vehicle every 2 years. So you'll need a big family to work into this arrangement.

[LoudPipes]

Originally Posted by Loud_Noises

Parallel imports for brand new cars is fantastic. The idea of a $80K C63 as opposed to the current $160k is very tempting.

Here in Australia they come fully loaded so what option level are you talking for the price?

In the US the entry price is for a truly bare bones car right down to the fact you only get standard headlights and not projection ones.

I know as I brought a few E63’s while I lived there and the breakdown of the option list was ridiculously long.

How does the UK pricing and equipment levels compare to Australia?

[SumoDog68]

AMG cars are fairly competitively priced in Australia as we are one of the biggest markets for them.


http://www.aaa.asn.au/storage/AAA%20...s_Act_1989.pdf

[Tassie f100]

I would be thinking that potential warranty problems would be a concern.Whilst local dealers may or may not have some sort of obligation to honour warranties there is no requirement for them to be in a hurry to process the claim.If an import turns up with a warranty the local dealer has every right to be too busy to look at it for maybe 2-3 weeks because he has his own customers to attend to first

[tranquilized]

Here are a couple of interesting examples



Thats AU$132,864
Add GST and it's $146,150
Add freight and any other fees we might not know about - stamp duty? additional warranties? and it's getting close to the Australian drive away price of $154,428 (not including options)





Thats AU$102,239
Add GST and it's $112,462


Or for a premium model which would be closer to AUS spec;



That's AU$114,584 + GST = $126,042

Australian drive away price for a brand new C63 is $169,546


I'd buy the M3 in Australia, but if I was looking for an AMG there could be some bargains to be had in the UK. Lot's of nuances to consider regarding specification levels though, I can see people coming unstuck and paying too much for their "cheap grey import"

[irpacaus]

Did you take off the 20% vat first before converting to aud. Which the car is exported from uk you'd get that back

[csv8]

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[malazn mafia]

Originally Posted by CyberWasp

Has anyone got a list of fun / quirky Japanese Cars that we should be looking at to import?

- Any Toyota RWD sedan (Toyota Mark X, Toyota Crown).
- JDM Hiaces with luxury interiors
- JDM Taragos (Toyota Estima) with electric everything and first-class seating
- Kei-cars, miniature vehicles for short people. Some are turbocharged

If only the government lifted the restriction on LHD cars and just let us drive them, even if we had to display Left Hand Drive stickers like on forklifts, we would be able to get some big beefy vehicles from the States..

[tranquilized]

Originally Posted by irpacaus

Did you take off the 20% vat first before converting to aud. Which the car is exported from uk you'd get that back

No I didn't realise that was the case, certainly makes it a more attractive proposition.

Another thing to consider as well - private imports aren't new, there have always been ways to import cars from the UK and you can find some euro stuff that have made their way to Australia in that way. Thing is they're always worth significantly less than the same car that was Australian delivered. I wonder if that will continue to be the case.

[irpacaus]

Yeah. I know. If it doesn't have an Australian compliance plate it is worth less especially worth the import plates attached. I have two a discovery 3 and an s type v8 jag that I brought back with me from the Uk. Much cheaper there that here second hand. Was worth me brining back even with all the shipping, import duty, gst and insurance costs.