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So, now some say personal vehicle imports will commence next year, and prices of existing vehicles will drop?· 5 replies
This poses an interesting argument in my head, I'm not in finance, nor banking, nor a car sale guy,
Just a petrolhead from a Healthcare related background.
So to elaborate,
Hypothetically say imports were allowed, empirically the USD will shoot further-it will be a catastrophic claim where the poor would say, the rich took our USD to bring cars and now we gotta pay 2000 bucks to buy milk?
Thus the price of these New vehicles will be unfathomable for the average joe as after all its paid for in such USD? maybe the first few imports may cost less due to the rate.
Secondly, now as far as I know, there is no guarantee that the govt. will follow the same taxing system as before the imports were restricted, after all they too have to make a buck, and they too have control the seepage of USD.
Could it be just a futile attempt of allowing imports for IMF sake and can they just bottleneck the whole thing with a heap of taxes?
Thirdly there maybe a possibility where they allow vehicles more than 10y old to be reeled in as well, technically "new" yet old models may find themselves here, how will the market welcome these?
Lastly I have noticed a heap of good well taken care of cars paraded on marketplace and various websites, thus I guess its either people wanting to shed off luxuries to save their money or people are hoarding cash for a new car.
Feel free to share your opinions, the more the merrier!, and please correct me if I am wrong
I chose the forum here as the crew would be rather mature than get abused on rapid rev.
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abiman
Hello,
I would like to know the procedure and documents needed to import a used car (registered under my name) to Sri Lanka from Japan.
I want to register this car under my name in Sri Lanka.
I searched through AL but haven’t found information regarding this specific situation.
questions are,
If car registered under my name in japan, bought brand new, will the invoice issued by japan car seller be enough to customs for tax purposes. (There is no money send to japan from Sri Lanka to buy this car. I have only commercial invoice issued by car seller in japan and car is used for about 3 years by me.)
Do I have to pay normal tax rate or are there any increased/decreased tax rates for this situation?
If car registered under my name for about 1 year, will there be difference? (Thinking of buying a new car before come back)
Thankyou
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