How to Import Japanese Used Cars to Hong Kong
Japanese used cars are famous all over the world. Many countries of the world import these cars. Durability and reliability of these cars are two most important factors behind the popularity of these cars. These cars offer high quality at low price.
Like many other countries Hong Kong also imports Japanese used cars. Many people in Hong Kong import second-hand cars directly from Japan. It is easier to import Japanese cars into Hong Kong. Here is a step by step process for the import of Japanese cars to Hong Kong:
- Find a Supplier:
If you want to import Japanese used cars from Japan, you should find a supplier. There are many suppliers of Japanese used cars in Japan who export Japanese cars all over the world. Many of these exporters have online portals and websites for the facilitation of their customers. You can find them online and get information about them.
Make it sure that supplier you choose is reliable. You will find many exporters in Japan but you need to find a trusted one so you do not waste your money. Visit user forum and communities and find related information. It is better to call them and ask everything in details. The best way is to get in touch with their past customers and ask for their opinions.
- Choose a Car:
Purchasing a car is an expensive decision that takes much money. It is good to consider your needs and budget before making a purchase. It is possible that you have already made a decision about the car and chosen a suitable one. However, you can take a look at exporter’s stock to find a car that is suitable for you. You can find a variety of cars with different prices and specifications. You can make comparisons to reach a good decision about the car purchase.
- Order and Payment:
If you have chosen your desired car, it is time to order it. Order the car and you will receive an invoice form the supplier. Pay the amount in your local bank account so it is transferred to their account in Japan. Send the receipt to your supplier so the importation process can be started.
Shipping process can be started after you make the payment. However, it depends on the terms and conditions agreed between you and your supplier.
- Port Clearance:
You need to get your vehicle cleared off the port after it reaches in Hong Kong. Find a port clearance agent. Provide all the documents and fees to your agent, so your vehicle is cleared.
Import Rules and Regulations
It is easier to import Japanese used cars to Hong Kong. Here are some rules and regulations that you need to consider when importing Japanese used cars from Japan to Hong Kong.
Hong Kong is not land-locked. Recommended port for the importation of used vehicles is Hong Kong Port.
Like many other used car importing countries, Hong Kong also imposes an age restriction. Used imported cars must be not being older than 7 years. Cars older than 20 years are allowed as classic cars. These cars need not meet Euro V emission standard.
Here are some documents that are necessary when importing Japanese used cars to Hong Kong.
- Import license
- Bill Of Lading (BOL)
- Copy of de-registration certificate
- Commercial/ Purchase Invoice
Hong Kong allows only right-hand drive vehicles.
Licensing and registration of the vehicle:
The importer should submit a complete application form to the to Hong Kong licensing officer of transport department when applying for registration for the first time.
The first registration tax rate is given below.
Type of Motor Vehicle Rate of Tax
1. Private Cars
(a.) On the first $150,000 40%
(b.) On the next $150,000 45%
(c.) On the next $200,000 100%
(d.) On the remainder 115%
2. Motorcycles and motor tricycles 35%
3. (a.) Good vehicles, other than Light Good Vehicles 15%
(b.) Van type LGV, not exceeding 1.9 tons permitted gross vehicle weight
(i) On the first $150,000 35%
(ii) On the next $150,000 65%
(iii) On the remainder 85%
(c.) Van type LGV exceeding 1.9 tons permitted gross vehicle weight 17%
4. Taxis, Light buses, Buses and Special Purpose Vehicles 3.7%
Import of Japanese used cars to Hong Kong is easier. However, there are some rules and regulations that you need to consider when importing these cars.