Singapore is a small country with limited land
resource and that is the reason why there is such thing called (COE), a
Certificate Of Entitlement. It represents the right for an individual or
company to own and use a selected vehicle in an appropriate vehicle class for duration
of ten years, which is renewable subject to a payment of a current bidding
price of a new COE, so that the car can be on the road again. Other options for the car owner are to scrap
the vehicle or to find a Singapore
export cars to
export the vehicle overseas.
Export used car from Singapore , which is
estimated to have exceeded more than 60,000 cars last year, is set to increase
further as car exporter to New Zealand
is actively promoting its sales activities. This is because the Singapore
vehicle quota system which forcibly and prematurely end your Singapore’s cars
lifespan on the roads after 10 years, unless its COE is renewed.
For cars after 10 years old, you can either
scrap the car yourself or get someone to do it; sell it to a car dealer who
will either scrap the car or ask some Singapore
car exporter to New Zealand or other countries to do
it for you.
When you have to consider the best amongst the
available options, it’s very important to do a quick research to find out the
beast deal which can provides you with the higher monetary returns.
if you are selling your car to a car exporter to New Zealand, they can
arrange car deliveries in different parts of New Zealand to facilitate seamless
transactions. Buyers can choose their favorite vehicles in ports nearest to
their location so that they can save time, money and energy.
They are some car export regulations
in New Zealand and your export used cars from Singapore
Should know about the rules and regulations in
importing cars in New Zealand.
As a
guide, below are some of the important pointers that your car exporter to New Zealand
should be familiar with:
1) Age restriction- A used car must be
no older than 8 years to qualify for importation.
2) Cost of Car import taxation and charges
in New Zealand- In New
Zealand, All motorcycles and motor vehicles are approved free of any tariff
duty excluding a 15% goods and service tax applicable while importing these
vehicles. Few others such as ambulances and motors-vehicles equipped with
features that enable occupancy such as toilet, cooking and sleeping facilities
have to pay a 10% tariff duty and GST.
3) Car inspection in New Zealand- Import used cars in New Zealand must also pass
emissions tests based on the standards set by the New Zealand government. The
standards vary depending on the vehicle type.
4) Other Requirements- a) Bill of Lading (BOL)
·
b)
Passport (copy only)
·
c) Car registration and deregistration
certificate
·
d) Invoices:
freight fee, export fee, marine insurance fee
·
e) Vehicle
license papers or insurance certificate (ownership papers)
·
f) Client
code application (New Zealand customs)
At the end of the day,
it is vital to assess both to see which will give you a higher financial
return. Scrap the car or find a Singapore car exporter to export your car?
Source:- http://www.makeyourbuzz.com
