How To Import Japanese Used Cars & Trucks To The Philippines
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Importing Japanese used vehicles to the Philippines is an exciting opportunity to own high-quality, reliable cars and trucks at a fraction of the cost. This guide will walk you through the seamless process, highlighting the benefits and necessary steps to make your importation experience smooth and hassle-free.
Why Import Japanese Used Vehicles?
- Cost Savings: Enjoy premium vehicles at budget-friendly prices.
- Quality Assurance: Japanese vehicles are renowned for their durability and performance.
- Effortless Process: Trusted exporters simplify the entire import procedure.
Navigating Import Regulations and Procedures
Age Restrictions
- Flexible Age Limits: No strict age restrictions on imported vehicles.
- Registration Requirement: Vehicles must be registered at least six months before shipment.
- Ownership Duration:
- 0-3 Years Old: Must be owned for at least six months before applying to the Bureau of Import Services (BIS).
- 3-5 Years Old: Requires a minimum of one year of ownership.
Destination Ports
Receive your dream car or truck at these key Philippine ports:
- Port Irene
- Manila
- Subic Bay
Vehicle Specifications
- Left-Hand Drive Only: Right-hand drive vehicles are prohibited by law (Republic Act No. 8506).
- Any Model: Import any model of car or truck, provided it is left-hand drive.
- Popular Trucks: Mitsubishi and Isuzu models, including dump trucks, flatbeds, mixers, and more.
Essential Documentation for Customs Clearance
Ensure you have the following documents ready for a smooth customs clearance process:
- Surety Bond
- Original Passport
- Original Bill of Sale
- Certification of Arrival
- Deed of Sale or Commercial Invoice
- Original Registration and Proof of Registration
- Stencils of Chassis/Engine Numbers
- Import Permit: Issued by the Department of Trade
Understanding Import Duty and Taxes
- Customs Duty: 40%
- VAT: 12%
- Ad Valorem Tax: 15% to 100%, based on engine size
- Import Duties Calculation: Based on the CIF (Cost, Insurance, and Freight) value of the vehicle
Best Methods for Importing Vehicles
- RO/RO (Roll-On, Roll-Off Ferry):
- Advantages: Economical.
- Disadvantages: Vehicle exposed to weather and potential damage.
- Container Shipping:
- Advantages: Secure, and protect the vehicle from potential damage.
- Recommended For: Heavy trucks and high-value vehicles.
Avoiding Used Car Fraud
- Verify Information:
- Research the dealer thoroughly (name, address, phone number, years in business).
- Request a police verification certificate and registration for peace of mind.
- Check Vehicle Details:
- Inspect vehicle images from all angles.
- Verify the Vehicle Identification Number (VIN) and inspection sheet.
- Request the vehicle’s title and history report.
- Inspect the Vehicle:
- Conduct a thorough inspection inside and out.
- Use organizations like JAAI, JOCI, JEVIC, and Intertek for quality checks.
- Avoid exporters who do not permit inspections.
Step-by-Step Guide to Importing
- Find a Reliable Exporter: Look for a reputable company with a proven track record.
- Select Your Vehicle: Ensure it meets your needs and complies with regulations.
- Make Payment: Use bank transfer and keep all receipts.
- Prepare for Shipment: Complete all necessary documentation.
- Port Clearance: Follow procedures and pay duties and taxes.
- Choose Shipping Method: Decide between RO/RO and container shipping based on your requirements.
Port Clearance and Custom Clearing
- Document Handling: FedEx (Licensee Airfreight 2100, Inc.) will manage required documents like Import Entry and Internal Revenue Declaration.
- Processing: AF2100 processes these documents at the Bureau of Customs.
- Duties and Taxes: Calculated and paid before the shipment is released from customs.
Conclusion
Importing Japanese used cars and trucks to the Philippines is an exciting venture that offers significant benefits. With the right knowledge and a reliable exporting partner like Japantrek, you can navigate the process smoothly and enjoy the perks of owning a top-quality vehicle at an affordable price. Let this guide be your roadmap to a successful importation journey!