The opinion about importing a car to Australia may differ from person to person as the idea may seem fantastic to some and not-so-fantastic to others.
Some while migrating to Australia may find the idea better of selling their car and buying another car upon arrival, while for others importing their car to Australia may be more cost effective. Here are some factors regarding this decision that you should consider.
The first thing you’ll have to consider when you decide to import American cars to Australia is the total price of import taxes. You will get detailed information about the taxation for imported motor vehicles on the website of the Australian Customs and Borders Protective Services.
In general, you will have to pay 10% of the present value of the car for a GST (Goods and Services Tax). There are two ways in which the Customs Valuation of your car will be done:
- The value of the car depending on the “Original Country Purchase Price” in which the depreciation in value will be taken into account
- Once the car lands in Australia it will be valued. This value may be up to 50% less than the real market value.
An import duty will also be charged on the Customs Value, in the following way:
- If the car is more than 30 years old, an import duty won’t be charged on it.
- A 5% import duty on the Customs Valuation will be charged on commercial, off road and four wheel drive vehicles.
- A 10% import duty on the Customs Valuation will be charged on vehicles that are less than 30 years old, whether new or used.
There are some additional costs like storage fees and luxury car tax.
The consideration of all these taxes and transportation costs will give you an idea of the cost of moving your car to Australia. This option is great, particularly when you love your car a lot and want it with you always.
Another option is to sell your car and buy a different car after arriving in Australia. However, it should be remembered that this option may cost you significantly more than the previous option, in terms of the value of your car in the end.
It also may not be any less expensive than shipping your vehicle. However, it’s also true that if you manage to sell your car for a great price and get a great deal on the car you buy in Australia, it may be a nice option for you.
Importing Your Vehicle to Australia
So, finally you have chosen to send your vehicle to Australia. You should start with obtaining a Vehicle Import Approval (VIA). It’s a requirement by the Australian Government before you arrange shipping of your car into the country.
You can know how to apply for VIA from the government site. Next, you should ensure whether your car fulfills Australian standards and get quarantine cleaning done. Once you obtain your VIA, you can start arranging transportation to Australia.
International car shipping brokers and companies have the expertise and experience to transport your vehicle for a minimal price. For example, Dazmac Logistics offers importing a car from the UK or other countries. You can leave the job to them and become stress-free!
Check the transporters’ profile to see feedback they have got on their past shipments. Check particularly the types of shipment they have handled that are similar to yours.
Before accepting a bid, get all your questions and concerns clarified. If the company is experienced, they will be able to answer all your queries.
Remember these tips and you will have the process done smoothly without any headache.