How to beat exchange rates? E.g. buy a sought after car in UK and import to NZ
#16
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Joined: Jul 2007
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Re: How to beat exchange rates? E.g. buy a sought after car in UK and import to NZ
He looked into motorhome rental and sharing, insurance wise it was a nightmare and potential minefield.
As has been stated, compliance will make it tricky and GST will also be expensive. You will aklso be up against the dozens and dozens of camper / motorhome rental companies down here, some of which will even give you a van for free if you take it back to its base from its drop off destination.
Caravans are the way to go for easy money. very simple compliance, rego and wof and you can sell for double the purchase cost.
#17
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Joined: Aug 2008
Location: Gloucestershire
Posts: 2,201
Re: How to beat exchange rates? E.g. buy a sought after car in UK and import to NZ
Just wondering how much (ballpark) it costs to bring a caravan or a motorhome over?
#18
Re: How to beat exchange rates? E.g. buy a sought after car in UK and import to NZ
I did once email the customs here to find out costs, gst etc but have forgotten all the details now.
#19
Re: How to beat exchange rates? E.g. buy a sought after car in UK and import to NZ
My MX5 is costing about £1800, freight and insurance uk end. Handling at this end about $1k, then another $1k for compliance checks and on road costs. The latter would be less for a caravan. I wouldn't underestimate the potential compliance problems with an older motor home (over 3-4 years old) eg proof of frontal impact and emissions standards).
#20
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Joined: Jan 2016
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Re: How to beat exchange rates? E.g. buy a sought after car in UK and import to NZ
My MX5 is costing about £1800, freight and insurance uk end. Handling at this end about $1k, then another $1k for compliance checks and on road costs. The latter would be less for a caravan. I wouldn't underestimate the potential compliance problems with an older motor home (over 3-4 years old) eg proof of frontal impact and emissions standards).
Also, you get an exemption for importing an older motor home which does not meet current emission regulations if it is your personal vehicle.
If you are importing to sell, then you must meet the appropriate Euro emission standards.
#21
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Joined: Aug 2008
Location: Gloucestershire
Posts: 2,201
Re: How to beat exchange rates? E.g. buy a sought after car in UK and import to NZ
My MX5 is costing about £1800, freight and insurance uk end. Handling at this end about $1k, then another $1k for compliance checks and on road costs. The latter would be less for a caravan. I wouldn't underestimate the potential compliance problems with an older motor home (over 3-4 years old) eg proof of frontal impact and emissions standards).
#22
Banned
Joined: Sep 2016
Posts: 19
Re: How to beat exchange rates? E.g. buy a sought after car in UK and import to NZ
I mentioned in another thread about putting off any £ to $ transactions for as long as possible. I personally will wait for Article 50 to be evoked and then wait for the dust settle. I can't see the NZ economy tanking in the mean time.
Cool idea with importing a campervan. Yes prices for vehicles in NZ are insane, even more so if you are buying in £s!
If I was going to start a business in NZ then I'd be looking at exploiting the campervan / motorhome market. Some serious $ to be made.
I did read a story a while back of a couple who imported a motorhome from the UK and it seemed pretty painless. Needless to say they saved themselves a fortune. I think there are specialist companies that can help with this too. If I find the story then I 'll share.
Cool idea with importing a campervan. Yes prices for vehicles in NZ are insane, even more so if you are buying in £s!
If I was going to start a business in NZ then I'd be looking at exploiting the campervan / motorhome market. Some serious $ to be made.
I did read a story a while back of a couple who imported a motorhome from the UK and it seemed pretty painless. Needless to say they saved themselves a fortune. I think there are specialist companies that can help with this too. If I find the story then I 'll share.
#23
Re: How to beat exchange rates? E.g. buy a sought after car in UK and import to NZ
I mentioned in another thread about putting off any £ to $ transactions for as long as possible. I personally will wait for Article 50 to be evoked and then wait for the dust settle. I can't see the NZ economy tanking in the mean time.
Cool idea with importing a campervan. Yes prices for vehicles in NZ are insane, even more so if you are buying in £s!
If I was going to start a business in NZ then I'd be looking at exploiting the campervan / motorhome market. Some serious $ to be made.
I did read a story a while back of a couple who imported a motorhome from the UK and it seemed pretty painless. Needless to say they saved themselves a fortune. I think there are specialist companies that can help with this too. If I find the story then I 'll share.
Cool idea with importing a campervan. Yes prices for vehicles in NZ are insane, even more so if you are buying in £s!
If I was going to start a business in NZ then I'd be looking at exploiting the campervan / motorhome market. Some serious $ to be made.
I did read a story a while back of a couple who imported a motorhome from the UK and it seemed pretty painless. Needless to say they saved themselves a fortune. I think there are specialist companies that can help with this too. If I find the story then I 'll share.
#24
Just Joined
Joined: May 2013
Posts: 23
Re: How to beat exchange rates? E.g. buy a sought after car in UK and import to NZ
I had a relative who owned BRV in Taupo a few years ago.
He looked into motorhome rental and sharing, insurance wise it was a nightmare and potential minefield.
As has been stated, compliance will make it tricky and GST will also be expensive. You will aklso be up against the dozens and dozens of camper / motorhome rental companies down here, some of which will even give you a van for free if you take it back to its base from its drop off destination.
.
He looked into motorhome rental and sharing, insurance wise it was a nightmare and potential minefield.
As has been stated, compliance will make it tricky and GST will also be expensive. You will aklso be up against the dozens and dozens of camper / motorhome rental companies down here, some of which will even give you a van for free if you take it back to its base from its drop off destination.
.
There's ways and means around GST and compliance is only a worry if you buy a duffer. With a mechanic in the family back home that's not much risk. Will work for me, maybe not others.
#25
Re: How to beat exchange rates? E.g. buy a sought after car in UK and import to NZ
Compliance is not directly to do with mechanical soundness, though it has to pass WOF (MOT), it depends on frontal impact and emissions standards which may be hard to prove with an older import. An interesting consideration is that GST is meant to be charged at NZ commercial value not necessarily purchase price, though can't see that being enforced.
#26
Just Joined
Joined: Sep 2016
Location: Wellington, NZ
Posts: 7
Re: How to beat exchange rates? E.g. buy a sought after car in UK and import to NZ
Be careful if you consider moving a European car to NZ.
I really wanted to bring my Citroen Dispatch MPV but in the end gave up on the idea due to inspection regs & the fact that my car does not exist in NZ.
I contacted a very helpful inspector by email who informed me the main reason that imported cars failed was due to rust. I got my car inspected by a UK mechanic who deemed it was "fine" (surface rust but nothing that would fail a UK MOT). But photo's sent to a NZ inspector revealed it would fail the NZ test.
After seeing the state of cars on NZ roads, it was hard to believe, but they're really strict with imported personal vehicles. Also keep in mind that servicing European cars is more expensive & parts may be difficult to find.
Also, don't forget that not only do you need to own the vehicle for 12 months before importing it, but you have to declare that you won't sell it, I think, for 2 years.
I really wanted to bring my Citroen Dispatch MPV but in the end gave up on the idea due to inspection regs & the fact that my car does not exist in NZ.
I contacted a very helpful inspector by email who informed me the main reason that imported cars failed was due to rust. I got my car inspected by a UK mechanic who deemed it was "fine" (surface rust but nothing that would fail a UK MOT). But photo's sent to a NZ inspector revealed it would fail the NZ test.
After seeing the state of cars on NZ roads, it was hard to believe, but they're really strict with imported personal vehicles. Also keep in mind that servicing European cars is more expensive & parts may be difficult to find.
Also, don't forget that not only do you need to own the vehicle for 12 months before importing it, but you have to declare that you won't sell it, I think, for 2 years.