Most people buy Japanese used cars Bahamas because of their reliability, affordability, durability, performance, and efficiency. Moreover, Japanese cars are environmentally friendly, which saves the climate, too.
Japanese manufacturers are working to improve the quality and technology of their vehicles.Furthermore, the vehicles are profusely manufactured in Japan, that’s why there is a lot of stock available. The main import of Bahamas is Japanese used cars.
The main reason is the affordability of Japanese vehicles. The components of the vehicle are easy to find and cheap in price. Japanese cars are not luxurious type, but indeed, a comfort for the consumer.
There are two ways to import a car from Japan one is from the auction, and the second is to consult the exporter. Importing a car from Japan to the Bahamas has a different procedure. There are strict rules and regulations enforced by the Bahamas government and customs.
We’ll give an overview of the importation cost from Japan to the Bahamas. Let’s check it out.
Table of Contents
CIF
CIF is the custom cost of the vehicle you are buying. It is an agreement settled by the seller internationally. It is the cost, insurance, and freight charges of the order. It depends on the importing country.
It’s maybe intricate for you to understand; let’s dive deeper into this.
Custom Duties Depending Upon Cif
- If the vehicle cost is between $10,000-$20,000, there would bea 50% customsduty applied on it.
- If the vehicle cost is above $20,000, there would be a 65% customs duty applied on it.
- If the vehicle cost is less than $10,000, there would be a 45% customs duty appliedto it.
- A 1% of FOB price and $200 environmental levy.
The VAT is the total of all processing fees, levies, duties, and CIF cost of the car, which is then divided by 12.
- Levy + custom duties + Processing fee + CIF / 12 = Total import cost of the car.
Required Documents: –
These are indispensable documents, which you must have when you import Japanese used cars Bahamas.
- BOL (Bill of landing) and Import permit.
- A purchase Invoice or original commercial.
- The Registration and Certificate of title copy.
- Inspection certificate and Taxpayer identification number.
- National ID/Passport/Driving license copy.
- C-13 form if your car arrives at the Freeport.
- C-14 form if your car arrives at the Nassau port.
- C-43 form for declaration value of your car.
Rules and Regulations
- For shipment, there are four destination ports: Freeport, Grand Bahama, NassauTime for shipment.
- Left-hand drive cars are preferred in the Bahamas. Although, right-hand drive vehicles are not restricted. Consumers can import them, too.
- The used vehicle must not be older than four years, and this is the age restriction rule in the Bahamas.
- There is no inspection required for the vehicles.
- The used cars are transported to Road Traffic department for inspection.
Top Selling Used Vehicles In The Bahamas
Here is the list of top-selling used cars in the Bahamas; let’s hear them.
- Suzuki Swift.
- Toyota Passo.
- Toyota Coaster.
- Nissan X-trail.
- Nissan Note.
- HinaDutro.