|
|
|
I am unfortunately having to investigate "Plan B" on my financial situation.
Without going into too much detail...
If you want to take your car to Hong Kong, there is a registration fee for personal imports which appears to be 82% of the car value.
All cars registered must pass *current* emissions standards. A certificate from the manufacturer is required. In the absence of this in some instances a verified independent testing authority may provide certification.
Left hand drive cars will only be permitted a registration in "exceptional circumstances".
You may have an idea what my plan B is but it won't involve me taking any cars with me...
10% duty + VAT and IVA on cars less than 10 years old doesn't seem so bad now...
|
|
1941 Wolseley Not Rod - 1956 Humber Hawk - 1957 Daimler Conquest - 1966 Buick LeSabre - 1968 Plymouth Sport Fury - 1968 Ford Galaxie - 1969 Ford Country Squire - 1969 Mercury Marquis - 1970 Morris Minor - 1970 Buick Skylark - 1970 Ford Galaxie - 1971 Ford Galaxie - 1976 Continental Mark IV - 1976 Ford Capri - 1994 Ford Fiesta
|
|
|
|
|
|
You think that's bad? Try Singapore...
|
|
|
|
djefk
Part of things
Posts: 844
|
|
|
Yes - Don't the authorities issue a certain number of "incenses to own a car" every year for a fee running into at least 5 figures? Then you have similarly high import taxes etc.
I'm not sure if there's any exceptions for classics?
|
|
|
|
VND
Posted a lot
Posts: 1,224
|
|
|
Ireland is bad enough!
But thats mucho worse.
|
|
|
|
|
|
|
I remember reading a restoration article years ago about someone in Hong Kong who had a Rover P6. The cost of putting it back on the road after the rebuild was something like £10,000 in government fees. This was a car that had been sold new there and had simply been off the road for a while !
Paul H
|
|
|
|
mat91
Part of things
Posts: 399
|
|
|
damm we do have it rely easy it here a £5OO BIVA test doesnt seem that bad now
|
|
The stupid is everywhere
|
|
|
|
|
I can't get a mortgage unless I'm on PAYE basically. So none of the self employed routes work for me.
|
|
1941 Wolseley Not Rod - 1956 Humber Hawk - 1957 Daimler Conquest - 1966 Buick LeSabre - 1968 Plymouth Sport Fury - 1968 Ford Galaxie - 1969 Ford Country Squire - 1969 Mercury Marquis - 1970 Morris Minor - 1970 Buick Skylark - 1970 Ford Galaxie - 1971 Ford Galaxie - 1976 Continental Mark IV - 1976 Ford Capri - 1994 Ford Fiesta
|
|
sparkyt
Posted a lot
selling stuff
Posts: 1,767
|
|
|
You can get a mortgage when your self employed . You just need 85% deposit ..
|
|
|
|
bortaf
Posted a lot
Posts: 4,549
|
|
|
I am unfortunately having to investigate "Plan B" on my financial situation. Without going into too much detail... If you want to take your car to Hong Kong, there is a registration fee for personal imports which appears to be 82% of the car value. All cars registered must pass *current* emissions standards. A certificate from the manufacturer is required. In the absence of this in some instances a verified independent testing authority may provide certification. Left hand drive cars will only be permitted a registration in "exceptional circumstances". You may have an idea what my plan B is but it won't involve me taking any cars with me... 10% duty + VAT and IVA on cars less than 10 years old doesn't seem so bad now... That's why most of our grey imports come FROM there
|
|
R.I.P photobucket
|
|
|
|
Jan 10, 2012 12:21:00 GMT
|
I can't get a mortgage unless I'm on PAYE basically. So none of the self employed routes work for me. I'm not sure of the specifics of your situation mate but I'm self employed and after going through a mortgage broker, I have managed to finally get on the property ladder (my good lady and I complete this Friday!). Drop me a PM and I will put you in touch with amy broker - he's a good friend of my brother in law and charges no fees to the punter. Basically, he gets a tickle from the mortgage company for everybody he introduces. His company also stay with you for the life of the mortgage, advising each time you need to re-mortgage and again, charging no fees. I was convinced I would not be able to get a mortgage but it's been relatively easy (reams of paperwork aside!). Chin up fella - we'll all sort you out!
|
|
Porsche 924 - gone Citroen Saxo VTR - not very retro but I loved it - now gone... MK4 Golf GTi 1.8T - gone but hardly remembered... Mini Cooper S R53 - gone BMW 125d Coupe - gone (mostly sideways)
Ford Focus RS Mk1 - hello low MPGs and "wanna race me" at every set of lights... 1973 BMW 2002 - Twin 40's, 284 Cam, Revolutions, E21 Recaros + more Porsche Cayman 987 3.4S - here and due to cost me more money than I have
|
|
|
MWF
Posted a lot
Posts: 2,945
|
|
Jan 10, 2012 12:39:45 GMT
|
^And well done to you and your partner sir
It's worth noting that being PAYE means nothing in terms of long term job security, especially in this climate.
What lenders are looking at now is spending habits, so mainly credit rating plus outgoings, although it can help to apply to whomever you current bank account is with for more profile scoring.
On the topic of exporting cars I know of a chap who emigrated to New Zealand and said he wasn't allowed to take his Lancia Delta Integrale at all.
|
|
|
|
MWF
Posted a lot
Posts: 2,945
|
|
Jan 10, 2012 12:48:08 GMT
|
And on the topic of Hong Kong perhaps this issue can be flipped into a positive, maybe even a business opportunity.
Car culture is huge in China and they are feverishly buying into Western culture, perhaps an English speaking person with encyclopaedic knowledge of US cars, and extensive knowledge of cars globally could leverage that?
|
|
|
|
|
|
Jan 10, 2012 12:56:47 GMT
|
LOL the car culture in China is simple: newest, shiniest, most expensive = best. This is Buick's biggest market. They sell more cars in China than in the USA now! They even have China-specific models not sold in the USA. These are derived from Holdens. According to what I saw in the aftermarket the big brands to have in China are Lexus, Cadillac, Buick, BMW, Audi and in that approximate order. Huge market for Ferrari and Lamborghini too.
Chinese are very nationalistic, not sure they are "buying into Western culture" so much. Disney has had a huge battle getting their brand established out there.
in HK itself more Mercedes are sold than anything else I think, based on observation. You need to be fearsome rich to own a car there. A big fad there now is for mainlanders to also have HK plates on their car, to prove they are rich enough to have it registered there too!
|
|
Last Edit: Jan 10, 2012 12:59:17 GMT by akku
1941 Wolseley Not Rod - 1956 Humber Hawk - 1957 Daimler Conquest - 1966 Buick LeSabre - 1968 Plymouth Sport Fury - 1968 Ford Galaxie - 1969 Ford Country Squire - 1969 Mercury Marquis - 1970 Morris Minor - 1970 Buick Skylark - 1970 Ford Galaxie - 1971 Ford Galaxie - 1976 Continental Mark IV - 1976 Ford Capri - 1994 Ford Fiesta
|
|
|
|
Jan 10, 2012 12:59:41 GMT
|
If you want to take your car to Hong Kong, there is a registration fee for personal imports which appears to be 82% of the car value. If thats the case, take over a Fiat panda, the registration fee will only be £2.50 ;D
|
|
1993 Fiat Panda Selecta 2003 Vauxhall Combo 1.7DI van 2006 Mercedes Kompressor Evolution-S AMG SportCoupé
"You think you hate it now, wait til you drive it"
|
|
MWF
Posted a lot
Posts: 2,945
|
|
Jan 10, 2012 13:32:57 GMT
|
LOL the car culture in China is simple: newest, shiniest, most expensive = best. This is Buick's biggest market. They sell more cars in China than in the USA now! They even have China-specific models not sold in the USA. These are derived from Holdens. According to what I saw in the aftermarket the big brands to have in China are Lexus, Cadillac, Buick, BMW, Audi and in that approximate order. Huge market for Ferrari and Lamborghini too. Chinese are very nationalistic, not sure they are "buying into Western culture" so much. Disney has had a huge battle getting their brand established out there. in HK itself more Mercedes are sold than anything else I think, based on observation. You need to be fearsome rich to own a car there. A big fad there now is for mainlanders to also have HK plates on their car, to prove they are rich enough to have it registered there too! Disney were blocked due to the Chinese attempting their own 'Wonderland' project. Most prestige marks are seeing the Chinese Rep becoming their largest market, UK and Europe is as low as 20% down for that part of the sector. UK Christmas street figures were heavily bloated by Chinese shoppers flying over to London to buy in person to avoid import taxes on Western products. LOL all you like, I was only trying to put a positive spin on things for you, I actually export my services to a Chinese client (offices and factories in Beijing and Hong Kong) and a close friend of mine was on the team who set-up the Chinese dealerships for a prestige British car brand. So some of us are already trading off their economic growth. Sorry for trying and good luck.
|
|
|
|
|
|
Jan 10, 2012 13:48:21 GMT
|
Yeah, the Chinese who can afford to jump a plane to the UK aren't necessarily representative of the whole population but I get your point. You will know the Chinese and HK taste for labels and bling then!
I had offer of interviews out there a while ago when my bro was trying to get me to relocate before. Stuff in my line, well paid, I just don't think I could deal with the lifestyle.
|
|
1941 Wolseley Not Rod - 1956 Humber Hawk - 1957 Daimler Conquest - 1966 Buick LeSabre - 1968 Plymouth Sport Fury - 1968 Ford Galaxie - 1969 Ford Country Squire - 1969 Mercury Marquis - 1970 Morris Minor - 1970 Buick Skylark - 1970 Ford Galaxie - 1971 Ford Galaxie - 1976 Continental Mark IV - 1976 Ford Capri - 1994 Ford Fiesta
|
|