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Quack Addict
Joined: 31 Mar 2008
Location: Seoul
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 Posted: Sat Jan 09, 2010 9:35 pm Post subject: Ship my car to Korea: Pros and Cons |
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I will be returning to Korea in February. A company in Seattle will ship my car to Korea for $1,100. I will be in Korea for a minimum of 3 years.
Pros:
My own car to drive.
It's not a piece of crap. My last stint in Korea ('03-'09) I drove a 1992 Sonata.
Cons:
Spend $2,200 to ship a car when Korea has a sweet public transpo system.
Koreans can't fix American cars.
What say you? Please add to either list. Thanks. |
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Triban
Joined: 14 Jul 2009
Location: Suwon Station
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| Posted: Sun Jan 10, 2010 1:27 am Post subject: |
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| I'd say it would be worth it just for ease of transportation, but you also have to go through the hassle of getting insurance and plates, etc and the main concern is finding a good mechanic who can work on your car while not ripping you off since you are foreign. |
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madoka
Joined: 27 Mar 2008
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| Posted: Sun Jan 10, 2010 2:03 am Post subject: |
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| What kind of car are you hoping to bring over? |
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hellofaniceguy
Joined: 10 Jan 2003
Location: On your computer screen!
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| Posted: Sun Jan 10, 2010 2:19 am Post subject: |
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| If you bring over your car and it's not made in korea...you WILL pay import taxes.....unless you have SOFA status. Check with customs and they will tell you how much tax you'll be paying. |
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itaewonguy
Joined: 25 Mar 2003
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| Posted: Sun Jan 10, 2010 2:22 am Post subject: |
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there are mechanics around Itaewon who can fix your car..
what kind of car you thinking about bringing over? |
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Wangja
Joined: 17 May 2004
Location: Seoul, Yongsan
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| Posted: Sun Jan 10, 2010 3:54 am Post subject: |
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I have no answers, but I shall be watching this thread as I am thinking of importing a "classic" car.
Import duties?
Registration?
Useage regulations? |
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Xuanzang
Joined: 10 Apr 2007
Location: Sadang
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| Posted: Sun Jan 10, 2010 8:22 am Post subject: |
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| hellofaniceguy wrote: |
| If you bring over your car and it's not made in korea...you WILL pay import taxes.....unless you have SOFA status. Check with customs and they will tell you how much tax you'll be paying. |
That's so dumb. Once you dont resell it here in Korea (and export it out later) then they shouldn't ding you for taxes. |
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Juregen
Joined: 30 May 2006
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| Posted: Sun Jan 10, 2010 1:08 pm Post subject: Re: Ship my car to Korea: Pros and Cons |
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| Quack Addict wrote: |
I will be returning to Korea in February. A company in Seattle will ship my car to Korea for $1,100. I will be in Korea for a minimum of 3 years.
Pros:
My own car to drive.
It's not a piece of crap. My last stint in Korea ('03-'09) I drove a 1992 Sonata.
Cons:
Spend $2,200 to ship a car when Korea has a sweet public transpo system.
Koreans can't fix American cars.
What say you? Please add to either list. Thanks. |
Import tax: 30% on market value. |
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Wangja
Joined: 17 May 2004
Location: Seoul, Yongsan
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| Posted: Sun Jan 10, 2010 4:26 pm Post subject: |
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| Xuanzang wrote: |
| hellofaniceguy wrote: |
| If you bring over your car and it's not made in korea...you WILL pay import taxes.....unless you have SOFA status. Check with customs and they will tell you how much tax you'll be paying. |
That's so dumb. Once you dont resell it here in Korea (and export it out later) then they shouldn't ding you for taxes. |
Not really dumb, most countries, if not all, apply import duties and/or taxes on vehicle imports.
Most countries have a "temporary import" system using an international log book, usually valid for one year. These are usually issued by the home country's motoring club on the basis that the car will eventually be repatriated and permit the car to run on its home country plates. |
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Quack Addict
Joined: 31 Mar 2008
Location: Seoul
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| Posted: Sun Jan 10, 2010 7:08 pm Post subject: |
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| It's a 2007 Dodge Magnum. I will look into the import tax. The shipping company also has some information about taxes on their website. The car has been mechanical free. Runs like a champ. My only worry is if some blue truck driver or taxi guy t-bones me. Replacement parts could be problematic. I might just get another waguk (sp?) ride. |
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themagicbean
Joined: 04 Feb 2009
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| Posted: Sun Jan 10, 2010 7:30 pm Post subject: |
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| I've got to say, consider the import duties most of all. I was looking at driving my car across an international border but the 20% fee made it not worth it. Throw 1100 for shipping on top of an import tax and even though your car's nice it might not be worth it. |
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Xuanzang
Joined: 10 Apr 2007
Location: Sadang
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| Posted: Sun Jan 10, 2010 11:19 pm Post subject: |
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| Wangja wrote: |
| Xuanzang wrote: |
| hellofaniceguy wrote: |
| If you bring over your car and it's not made in korea...you WILL pay import taxes.....unless you have SOFA status. Check with customs and they will tell you how much tax you'll be paying. |
That's so dumb. Once you dont resell it here in Korea (and export it out later) then they shouldn't ding you for taxes. |
Not really dumb, most countries, if not all, apply import duties and/or taxes on vehicle imports.
Most countries have a "temporary import" system using an international log book, usually valid for one year. These are usually issued by the home country's motoring club on the basis that the car will eventually be repatriated and permit the car to run on its home country plates. |
Yeah, I was alluding to a temporary importation but then the OP wants to be here for years so I guess that is out. |
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madoka
Joined: 27 Mar 2008
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| Posted: Mon Jan 11, 2010 1:49 am Post subject: |
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I've got six cars in the U.S., so I would love sending/keeping one to Korea. First, the taxes are crazy high. Check out this thread:
http://forums.eslcafe.com/korea/viewtopic.php?p=1472022&highlight=#1472022
Foreign cars are expensive in Korea. I checked what my newest car costs in Korea. . . 120,000,000 won USED! 
Second, parts and service are going to be a pain. Of my cars, only two have ever even been sold in Korea. I can't imagine how much it would cost to insure a car that's never been sold in the country. In addition, I would not trust just anybody to fiddle with my cars unless they've been trained in that particular model/brand. |
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kangnamdragun
Joined: 28 Mar 2009
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| Posted: Mon Jan 11, 2010 3:44 am Post subject: |
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| Why can't Koreans fix American cars? |
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Quack Addict
Joined: 31 Mar 2008
Location: Seoul
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| Posted: Mon Jan 11, 2010 2:30 pm Post subject: |
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| kangnamdragun wrote: |
| Why can't Koreans fix American cars? |
Let me rephrase that. I wouldn't feel comfortable having a mechanic who is not trained properly work on my car. This isn't a case of "seen one engine you've seen them all".
I'm not sure of the exact percentage but I would guestimate that 70% of cars on Korean roads are Korean. If there was a GM dealership in Seoul that would be great. Not sure however. |
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