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Here’s an example of the costs of importing a K8,000 car from Japan

I was going to write a post about the REAL cost of importing a used vehicle from Japan. But thanks to www.marketmeri.com an article has already been published. The cost are below. General rule of thumb… multiply the stated cost in Kina by three and that should give you the ESTIMATED cost. The costs may vary depending on engine size.

Cost of Vehicle with 2,000cc engine capacity: K8,000.00

Costs of Freight: K3,500.00

Cost of Freight Insurance: K270.00

CIF tax: (Cost of Vehicle + Cost of Freight + Cost of Insurance) * 0.6 = K7,062.00

Import GST: (Cost of Vehicle + Cost of Freight + Cost of Insurance + CIF Tax) * 0.1 = K1,883.20

Brokerage Costs: K650.00

Quarantine Costs: K123.20

Wharf Handling Costs: K650.00

Safety Inspection: K30.00

Car Registration: K160.50

Total Cost: K22,328.90

2 comments on “Here’s an example of the costs of importing a K8,000 car from Japan

  1. It’s a lot cheaper than the local dealerships especially for a vehicle in that kind of condition.

    Like

  2. I only just researched this in the PNG Customs website and shared a link to same kind of information on FB. Our people need to know the hidden costs as well.

    I always wondered about the close of the cars at our used car dealers, they seem ok now, considering.

    Good in for.

    Like

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