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Car import duty?

 
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jstubley80



Joined: 11 Oct 2008

PostPosted: Fri Jun 24, 2011 6:26 am    Post subject: Car import duty? Reply with quote

Ok, so I know this is a bloody daft idea but I'm considering shipping my car from the UK to SK. I've had a quote that seems reasonable from a shipping company, but I was curious as to the particulars of actually getting the beast on the road if/when it arrived.

Anyone had experience of doing something as stupid as this? What's the process? What's the deal with insurance and road tax? Is there and equivalent to the MoT?

I'm well aware that I could just get a cheap runabout when I land, but I'm really quite attached to my motor!

Thanks in advance for your input, ladies and gents.
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Chokse



Joined: 22 May 2009

PostPosted: Fri Jun 24, 2011 7:08 am    Post subject: Reply with quote

I don't know what the duty and registration fees will be on it, but I do know that you'll have to bring it to Incheon to have it tested for emissions and noise before you can get it registered (necessary for all imported cars in Korea, even ones you buy new here). The test (more than one) is about 800,000 won and takes about 4-6 hours depending on how busy they are.
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nathanrutledge



Joined: 01 May 2008
Location: Marakesh

PostPosted: Fri Jun 24, 2011 7:37 am    Post subject: Reply with quote

go to the korean customs website.

It's either 10% (which is what I just found) or 30% (which I saw a while back).

Either way, its high.
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jstubley80



Joined: 11 Oct 2008

PostPosted: Fri Jun 24, 2011 8:03 am    Post subject: Reply with quote

Chokse wrote:
I don't know what the duty and registration fees will be on it, but I do know that you'll have to bring it to Incheon to have it tested for emissions and noise before you can get it registered (necessary for all imported cars in Korea, even ones you buy new here). The test (more than one) is about 800,000 won and takes about 4-6 hours depending on how busy they are.


Interesting.. And possibly problematic! My car, god love it, is a 24 year old "classic". Probably not the most quiet, environmentally friendly automobile ever to come out of Germany.
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jstubley80



Joined: 11 Oct 2008

PostPosted: Fri Jun 24, 2011 8:05 am    Post subject: Reply with quote

nathanrutledge wrote:
go to the korean customs website.

It's either 10% (which is what I just found) or 30% (which I saw a while back).

Either way, its high.


Again, this is interesting.. The car itself isn't actually worth all that much, and I'd probably be willing to pay somewhere between 10%-30% of its worth to get it into the country.
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tegu



Joined: 10 May 2006

PostPosted: Sat Jun 25, 2011 4:38 am    Post subject: Reply with quote

its 32% or more.

if your car isnt perfectly clean emissions and low noise, it will not pass the tests

testing is only 800,000 - but mods, insurance, towing costs about $2k-$5k before plates.. then there is a car bond, and 7% tax.

Only way to get old cars in is 이사집..moving articles.. you have to live overseas with a visa (koreans only) for 6 months and bring it back with them

just buy a pos here, much cheaper
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orosee



Joined: 07 Mar 2008
Location: Hannam-dong, Seoul

PostPosted: Sun Jun 26, 2011 3:50 pm    Post subject: Reply with quote

jstubley80 wrote:
Interesting.. And possibly problematic! My car, god love it, is a 24 year old "classic". Probably not the most quiet, environmentally friendly automobile ever to come out of Germany.


Shocked Look around you; see how even new cars in Seoul are damaged by small accidents and parking mishaps. Wouldn't it break your heart to have this happen to yours*? Plus, what'll be the availability and cost of spare parts, even simple ones such as turn lights or bulbs, not to mention spark plugs, brake pads, etc.?

*unless your own car already looks like it has been driven in Seoul for 24+ years Laughing
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Chokse



Joined: 22 May 2009

PostPosted: Sun Jun 26, 2011 6:14 pm    Post subject: Reply with quote

You don't have to have any towing. Any car, whether tested or not, gets a 60 day temporary registration during which time you can drive it around the country for any tests you might need.

That being said, it is unlikely your car will pass the emissions and sound test. It is too old. Look around. How many old or classic cars do you see in Korea? This is the land of Hyundai and Kia. The K-gov wants you to buy a new (Korean) car. This is why they put all the restrictions on foreign cars. Korean cars don't have to go through the emissions and sound test that foreign cars do. This is an example of the artificial trade barriers that the EU has been complaining about recently.
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jstubley80



Joined: 11 Oct 2008

PostPosted: Mon Jun 27, 2011 10:16 am    Post subject: Reply with quote

Yeah..

This is all pretty much as I suspected but, being the stubborn type, I guess hearing it from folks in the know has done it for me.

I've now sold my car, and I am gutted!

Thanks for the advice, folks.
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