Singapore Used Car Exporters

In Singapore used cars are considered as a leading export entities for many used car exporters across the nation. There are many used car export companies in Singapore who are considered as the best among many big giant for used car export industry in other parts of the world. Most of these used car exporting companies are serving customers all over the world. They provide best customer services. Most of the customers are from Asia, Oceanic region, Russia, South Africa, Caribbean and some parts of Africa. From these countries many end buyers, dealers, traders and exporters of used cars consider Singapore as the best option for the supply of used cars.

Markets For Singapore Used Car Exporters

Key markets for Singapore used car exporters include numerous countries across the world. To name few of the key markets are Cyprus, Ireland, Russia, Peru, Trinidad and Tobago, Jamaica, New Zealand, Mauritius, Malta, South Africa, Namibia, Kenya, Mozambique, Zambia, Uganda, Tanzania, Malawi, Botswana, Swaziland and many other countries.

Their clientele is not limited to the used car dealers and traders but many government agencies, armed forces, commercial, car rental services, transporters, logistics companies, and many private individuals also directly import used cars to save themselves from the burden of middle man commissions and charges.

The wide array of selection to chose from stocks and direct online access to the used car auctions in Singapore allows used cars exporters to export all kinds of continental, Japanese and Korean used cars to customers all over the world in shortest period of time and the best part at the price which is as low as free if compared with the prices of the cars that can bought at their local dealers. Most if not all reliable and professional Singapore used cars exporters have a team of highly motivated and dedicated sales team which is always ready to serve customers at any time of the day.

No matter if someone is looking for a car for his personal use or a dealer who wants to import medium to large quantity, in Singapore used car exporters are delighted to serve them.

Korean Used Cars Exporter

For someone who is planning to import Korean used cars into Pakistan, he should familiarize himself with the complete rules and regulation of Pakistan Board of Revenue., especially if someone is a Korean used cars exporter or importer in Pakistan. There may be some particular rules and duties depending upon the nationality of importer, the characteristics of the car or the reason why that used car is being imported. All these used cars fall under two categories, on which Pakistan’s duty system is based. One is the Special Regime Vehicle and the other is Normal Regime Vehicles. It is necessary to find which regime the used car you want to import from Korea lies in order to calculate its equivalent custom duty.

Special Regime Vehicles

A vehicle lies under the Special Regime category if it is a used car and is imported due to one of the following reasons:

• Transfer of residence
• Gift
• Personal Baggage

Moreover, one can only import a vehicle under the special regime once every two years. If the chassis of the car has been found tempered or with the false documentations, that used car cannot be imported from Korea or any other country. Permissible used vehicle include buses, tractors, motorcycle, 4X4s, pickups, transport, bulldozers and used cars for public transport, trucks and pickups. The Korean used cars must be less than 3 years of age. If the car is intended as gift or transfer of residence, then the importer should be one living outside Pakistan for at least two years prior to the date of importation. A Korean used cars exported to Pakistan will only be allowed if it is done for a parent, a son or a daughter, a spouse or a sibling.

Duties for Special Regime Vehicles

For Korean used cars that falls under the category of special regime, duties are determined on the basis of the principle on engine capacity. In August 2010, duties were decided by the government were in range of US$ 4,000 – US$ 12,000, with used cars with engine capacity of 800 cc deserving the former value and those with engines between 1601 and 1800 cc deserving the last. While the age and make of the used vehicle do not directly affect the custom duty, there is some reduction on the basis of depreciation, of 2 percent for every month of the car’s age, up to the highest of 50%. These months are counted from the initial date of the registration of Korean used cars to the date of importation into Pakistan.

Normal Regime Vehicles

For vehicles that do not fall under the category of special regime vehicles, their respective duties are determined by separate set of criteria. All these Korean used cars under normal regime category are subjected to duties based on the car’s engine capacity. The minimum duty for a vehicle with engine capacity of 800CC is 50% of the vehicles assessed value, plus a federal excise tax and a sales tax. The maximum duty on non-Jeep of 1801 cc or larger engine capacity, custom duty is 90% of the assessed value of the vehicle, plus federal excise tax and sales tax.

If you are a Korean used cars exporter, then you should be aware of all such facts, otherwise importing a Korean used cars in Pakistan may lead you to face certain problems and some of these problems may not have a solution in Pakistan.

Korean used cars

Korean Used Cars

Although it is felt odd to hear “Korean auto parts”, but this also very surprising that Hyundai or Daewoo which people use to drive in their countries are also Korean used cars or newer ones.

The Korean automobile industry is booming consistently and it contributes the major part of supplying automobiles and auto parts to most if not all well known countries around the globe. Korea rank on sixth position as automobile producer in the world. Hyundi, Daewoo and Kia have South Korea as their place of origin and are now thriving companies that have resellers, outlets and factories all over the world.

An overview of Korean Vehicle Industry

The Automobile industry in Korea is claimed to have marked its foundation with the invention of a car called “Sibal” in the year 1955. In early 1960s the Korean government declares its support for the promotion of Korean automobile industry and established “Automobile Industry Promotion Policy”. In this policy they proclaimed that foreign companies could operate in Korea only in joint venture or collaboration with Korean automobile companies and/or Korean cars exporters. KIA, Sssang Yong and Saenara were all established in the same way.

The year 1960 also saw the establishment of Asia Motors Company and the Hyundai Motor Company. Although, both these groups were set up, they all worked as assembly plants and most of the auto parts were imported from other countries. However in 1970, Korean automobile industry started developing and manufacturing cars within its borders. Hyundai was the first Korean automobiles company to feat this accomplishment. In 1980 Korean automobile companies initiated venturing into international markets. Although there were some problems in the start, the merchandise soon took off and there has been no turning back for Korean automobile industry since then.

Korean Used Cars Industry

From the time when Korea automobile industry used to start manufacturing its own cars, various new companies have ventured in the business of supplying exclusive auto parts that were to be targeted for the users of Korean used cars all over the world. All those companies have also started emerging in the intercontinental front where Korean cars were used to be plentiful. In USA there are various online stores, personnel and dealers who are backed up by professional Korean used cars exporters who also supply automobile parts from Korea. These companies also allow you to purchase online. The company then ships the parts to the location specified by the customer.

Many people prefer buying parts from such online sites as the deals they offer are much better and the process is really very simple. What the customer has to do is to check the availability of auto part for their Korean used cars, purchase that part, wait for the shipment and once that part is received go to best automobile mechanic to change that part.

The industry for Korean automobile is now far better than from the past. Indeed, Korean used car exporters who and auto parts providers have made a threshold of their own in the world of automobiles.

In USA and other well known countries, many Korean used cars exporters and importers are soaring day by day. The trend for buying and importing Korean used cars from auctions and other sources is increasing day by day. Therefore there is a quick demand for auto parts for these used cars. In contrast Korean auto parts can also be used for the vehicles made by other companies like General Motors.