As a quick summary of costs an import project involves the following
equation....
Auction Cost + FOB costs + shipping and
shipping insurance + Duty + VAT + UK shipping agent fee + ESVA/MOT + any UK compliance work +
registration with DVLA and plates + car tax and UK insurance = a
realistic UK on the road price.
If you want japanimport to take care of everything you
unfortunately have to pay us too (^.^)
At first it seems that cars in Japan are extremely
cheap at auction (and they are), but the cost of importing adds
significantly to the amount you end up paying. Knowing what these
costs are and how much you will have to pay is therefore vital when
budgeting for a personal import project or when assessing profitability for
a business.
It is possible, and particularly at the moment given
the strength of the pound, to save or make a lot of money by importing cars,
but this involves you knowing the UK market and prices and knowing the
Japanese market and prices and selecting models where the greatest saving is
to be found.
The Japanese tend to like new low mileage cars (don't
we all!) to a greater extent than the British, by this I mean that a car
with 40k or 50k miles on the clock in the UK is a reasonably low mileage, in
Japan it's not. They average less miles a year in their cars, they
have a high speed public transport system via their shinkansen rail
network and most cities have subway and bus networks that are the envy of
the developed world. In short, this makes them unaware of the quality of their own engineering,
by which I mean that they would
never drive a Toyota until it dies at 300k + odd miles, besides, their MOT (called sha-ken)
simply makes it impractical.
Sha-ken is much more stringent than the
UK's MOT test and much more expensive which translates into a market where
it's not economic to put your car through the test, you're better off buying
a new one. Good for new car sales and good for foreigners like us
(^o^) They are also wise enough to not use highly corrosive salt to
thaw frozen roads, they use a form of calcium instead...
anyway....enough Japanese market
information let's understand the costs involved with your import project....
break down....
1.) Cost at USS auction in Japanese Yen see
prices for a guide on what
to bid...and convert to GBP
2.) FOB costs (98000 yen = roughly £400) is our agents
price for ALL vehicles, this includes all Japan side costs to get the
vehicle to the ship, after thoroughly checking it out at auction, transporting it to
their garages in Chiba, near Tokyo, Japan and conducting rolling road checks etc,
they transport
it back to port , do the required de registration in Japan, clear it through
Japanese customs, translate documents required by UK agencies etc etc. best guys for the
job for the price in our opinion...they reject 20% of what we bid on at USS
after they inspect....which we like! Only quality vehicles pass their tests!
3.) Shipping is usually via "yuwa" shipping line costs
$70 / £36 a cubic meter approx. Is by roll on roll off vessel and takes
about 4 or 5 weeks from port to port. Cars are usually between 8 - 16 cubic
meters. less than £500 usually. Total loss / theft insurance depends on
cost of vehicle average is £30 - 50.
4.) Vehicle arrives at
your port of choice usually Southampton or Liverpool. Customs and
Excise get busy! They want 10% import duty on all costs so far and
then 17.5% on top of everything for VAT. A shipping agent will usually
take care of all the customs paperwork and payments on your behalf for a fee
of about £200 and will allow use of their VAT deferment account etc. and
send you a bill for everything. You can do this yourself, but beware
of the paperwork, they're perfectionists at HM Customs and Excise!
5.) 10 year old vehicles need just an MOT (easy!) younger
vehicles need an ESVA test which requires the renting of a model report
which demonstrates your vehicles compliance in comparison with a previously
tested vehicle (they must be identical).
DO NOT IMPORT A CAR WITHOUT A MODEL
REPORT!
...unless you want to create a model report from
scratch - this is possible but can be very expensive! Vehicles
MUST be unmodified
(unfortunately) to pass ESVA, they can be converted to type and then
reconverted of course, but the budget needs to be taken into consideration
to do this. For an ESVA test and the renting of a model report
budget £800 roughly.
Most vehicles require a rear foglight, CAT 1 immobiliser, fuel nozzle size
insert (if unleaded) and KMH to MPH speedo change and recalibration.
Also we recommend getting BIMTA to verify mileage and status of vehicle via
Interpol or
whatever system it is they use.
6.) DVLA then need tax, insurance, proof of ID, your
ESVA paperwork etc, £38 and around £25 for your number plates and it's happy
days....you've just...
a.) saved yourself a lot of money
b.) found a low mileage A1 condition vehicle you
couldn't get anywhere else
£500 refundable deposit allows you to start bidding at Japanese USS car auctions in Tokyo and Yokohama
you can pay by paypal (credit card) or contact us to pay by bank transfer.