wazua Sun, Nov 17, 2024
Welcome Guest Search | Active Topics | Log In | Register

are you thinking of buying a showroom luxury car? look at this
vky
#1 Posted : Monday, August 19, 2013 9:59:45 PM
Rank: Member


Joined: 6/17/2010
Posts: 572
a mate of mine in the UK just got a sweet deal on a 2011 range rover evoque 2.2 SD4 which is basically new as it has only done 25 delivery miles for 27 and a half thousand quid,the guy wants to ship the car to kenya in a few months, the shocker came in when i looked at the CRSP price in kenya which is 11m which i am assuming one would pay to whoever sells brand new range rovers in kenya these days. this got me wondering, if i wanted to buy an evoque and had 11m with me would i buy it here or import it brand new from UK? well i did some projections using my mates purchase above as an example and found out that on some luxury brands kenyans are utterly being ripped off, here goes;

brand new range rover evoque in kenya = 11,000,000

brand new evoque 2011 evoque in UK = £27500 = Ksh 3,712,500

taxes to be paid to KRA on import = 3,085,057 {using 2 yr depreciation rate}

lets put shipping and other associated costs at 500k

3,712,500+3,085,057+500,000=7,297,557

11,000,000-7,297,557=3,702,443

from the above we can see that one would save over Ksh 3m if you were to buy the car from the UK rather than walking into a local showroom and zooming off with one after parting with Ksh 11m
'One headache for famous medieval holy people was that someone might murder you to acquire your body parts for the relics trade'
dunkang
#2 Posted : Monday, August 19, 2013 10:36:59 PM
Rank: Elder


Joined: 6/2/2011
Posts: 4,818
Location: -1.2107, 36.8831
Now, consider the other risks, like someone disappearing with your money in the other side, or the vehicle not living upto your expections etc.
Receive with simplicity everything that happens to you.” ― Rashi

digitek1
#3 Posted : Monday, August 19, 2013 10:49:49 PM
Rank: Veteran


Joined: 2/3/2010
Posts: 1,797
Location: Kenya
tropicalisation, after sale service
I may be wrong..but then I could be right
vky
#4 Posted : Monday, August 19, 2013 11:04:53 PM
Rank: Member


Joined: 6/17/2010
Posts: 572
dunkang, that can be countered by the buyer travelling to the UK in person to oversee the purchase if we were to peg the travel at 200k, one would still save a heap of cash
'One headache for famous medieval holy people was that someone might murder you to acquire your body parts for the relics trade'
maka
#5 Posted : Tuesday, August 20, 2013 4:04:55 AM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
vky wrote:
dunkang, that can be countered by the buyer travelling to the UK in person to oversee the purchase if we were to peg the travel at 200k, one would still save a heap of cash

Honestly still too much risk...and I rem watching a documentary with startling figures on luxury car thefts in the UK.

Rem this gang

www.dailymail.co.uk/news...ercedes-cars-jailed.html

To digress a bit aint this the stuff movies are made from...

www.dailymail.co.uk/news...MPH-stolen-Audi-RS5.html
possunt quia posse videntur
Siringi
#6 Posted : Tuesday, August 20, 2013 4:53:37 AM
Rank: Elder


Joined: 6/8/2013
Posts: 2,517
I personally know a person that imported an Ex-uk had it regitered all paperwork halafu interpol kra/police in one of the impromptu checks impouned the car since it was flagged as stolen.
Buyer had to fork cash to real owner in UK ended up costing more than showroom- true story
"😖😡KQ makes money for everyone except the shareholder 😏😏 " overheard in Wazua
JkMwatha
#7 Posted : Tuesday, August 20, 2013 8:39:29 AM
Rank: Veteran


Joined: 9/11/2007
Posts: 816
vky wrote:
dunkang, that can be countered by the buyer travelling to the UK in person to oversee the purchase if we were to peg the travel at 200k, one would still save a heap of cash


Travelling to UK does not make it safer.... Many of the stolen cars are cloned... even from dealers. ...

But agreed, there is a significant saving to be made if you do it right.
sparkly
#8 Posted : Tuesday, August 20, 2013 9:04:48 AM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Siringi wrote:
I personally know a person that imported an Ex-uk had it regitered all paperwork halafu interpol kra/police in one of the impromptu checks impouned the car since it was flagged as stolen.
Buyer had to fork cash to real owner in UK ended up costing more than showroom- true story


Big scam. Owners sell the cars then report them as stolen to insurance companies. They make money twice, from the buyer and from the insurance company. Credible due to the economic slowdown and job losses in Europe. Then the insurance company comes looking for the car.
Life is short. Live passionately.
Gathige
#9 Posted : Tuesday, August 20, 2013 9:29:29 AM
Rank: Elder


Joined: 3/29/2011
Posts: 2,242
@vky,a good number of people who buy such cars ( except a few wannabes who fake it until they make it) are least concerned about the tag price. They go for the real deal at the dealers ( some of which they own substantial shares) which come with all the necessary local support. I once saw a guy pay a minor repair bill of around 1m on a car at a dealer's and wondered how on earth but later i got to know he owned a substantial share the dealership too. His private Co paid the 1 m bill ( tax deductible as business expense)and Income to his other Company ( Keeps KRA busy moving in circles as the billionaires chart the next scheme)

In short those with that kind of cash are ready " and too willing" to part with it at the dealers door.
"Things that matter most must never be at the mercy of things that matter least." Goethe
deadpoet
#10 Posted : Tuesday, August 20, 2013 9:48:19 AM
Rank: Member


Joined: 9/27/2006
Posts: 503
For the market niche:

www.ukenyacars.com
JkMwatha
#11 Posted : Tuesday, August 20, 2013 10:05:07 AM
Rank: Veteran


Joined: 9/11/2007
Posts: 816
sparkly wrote:
.....

Big scam. Owners sell the cars then report them as stolen to insurance companies. They make money twice, from the buyer and from the insurance company. Credible due to the economic slowdown and job losses in Europe. Then the insurance company comes looking for the car.


Source?
vky
#12 Posted : Tuesday, August 20, 2013 10:11:47 AM
Rank: Member


Joined: 6/17/2010
Posts: 572
JkMwatha wrote:
vky wrote:
dunkang, that can be countered by the buyer travelling to the UK in person to oversee the purchase if we were to peg the travel at 200k, one would still save a heap of cash


Travelling to UK does not make it safer.... Many of the stolen cars are cloned... even from dealers. ...

But agreed, there is a significant saving to be made if you do it right.

jk, if i were to walk in to lookers land rover park royal on western ave. london chances of me being grifted are basically nil because this is a company approved dealership, it only takes a bit of diligence to close on a good deal as, as you rightly put it if done correctly there are significant savings to be made
'One headache for famous medieval holy people was that someone might murder you to acquire your body parts for the relics trade'
JkMwatha
#13 Posted : Wednesday, August 21, 2013 9:27:13 AM
Rank: Veteran


Joined: 9/11/2007
Posts: 816
vky wrote:

jk, if i were to walk in to lookers land rover park royal on western ave. london chances of me being grifted are basically nil because this is a company approved dealership, .......



If you walked into lookers or most Land Rover (or even Mercedes) appointed dealers, you are likely to be given a hard time should you mention that you intend to export in order to avoid VAT.
Some (all Mercedes-Benz) dealers get penalised for selling vehicle to be exported to countries where there are dealerships like DT Dobie...
It can be done if you with hold the information regarding export.

So the chance of being 'grifted' does exist when you deal with other traders.
Users browsing this topic
Guest (2)
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Copyright © 2024 Wazua.co.ke. All Rights Reserved.