SUMMARY
- 6 Factors Influencing the Cost of Importing a Car From China
- Understanding the Cost of Importing a Car From China (A Detailed Breakdown)
- Final Word: Is it Expensive to Import a Car From China?
It can cost somewhere between $4,500 and $29,000 or more to import a car from China. This is a very wide range, and the actual cost depends on several factors, including your car’s base price, taxes, duties in your country, and shipping costs.
For an average car, priced between $25,000 and $35,000, it should cost you no more than $5,000 to $8,000 to import a car from China to the UAE or other countries.
This blog post will give a detailed breakdown of the cost of importing a car from China to other countries.
So, without any further ado, let’s begin!
6 Factors Influencing the Cost of Importing a Car From China
This blog post might not be able to cover the exact cost of importing a car from China to all the countries, but you will get a basic framework to calculate the actual cost of import to your country.
That’s why, before we get down to the exact costs of importing a car from China, it is important to understand the factors influencing this cost.
Here are the top 6 factors influencing the cost of importing a car from China.
- 1. The base price of the car
- 2. Currency exchange rates
- 3. Country-specific import duties and taxes
- 4. Shipping costs to each country
- 5. Compliance standards in the destination country
- 6. Registration costs of local vehicle regulatory body
With the framework given below and these factors above, you can calculate the actual cost of importing a car from China to your home country.
Understanding the Cost of Importing a Car From China (A Detailed Breakdown)
Let’s break down the total cost of importing cars from China into 12 major categories.
1. Base Price of the Car
You’ll Pay: $10,000-$100,000
Is this cost necessary: Yes
Things start from the actual invoice price of the vehicle you’re buying. This isn’t included in the import costs but represents the most significant portion of your total costs. The cheapest car in China is $2,415, and the most expensive one will cost you north of a million dollars.
However, for all practical purposes, imported vehicles from China cost somewhere between $10,000 and $100,000, with an average of $35,000. The base price drives almost all the other costs of importing a car from China. The cheaper the base price, the cheaper it is to import that car.
We’ll use the average base price of $35,000, as an example, to calculate all other costs.
2. VAT or GST
You’ll Pay: $0-$8,750
Is this cost necessary: No
The next most significant cost you’ll have to pay is the Value-Added Tax (VAT), also called GST in some countries. Rebates or total exemptions are possible depending upon the destination country, but generally, this is between 0-25% of the invoice price.
3. Registration and Inspection Costs in China
You’ll Pay: $200-$300
Is this cost necessary: Yes
Before your car leaves China, it has to be registered with and inspected by the local authorities. This cost is generally less than 1% of the total car price.
4. Import Brokerage Fees
You’ll Pay: $700-$1,350
Is this cost necessary: No
You might have to pay an import brokerage fee to your import partner when getting a car from China. This fee is usually between 2-3.5% of the car’s price.
Pro tip: You can save on this cost by buying the car directly from a Chinese import partner. It’ll save you the brokerage fees, and you won’t have to go through the hassle of the import process.
GuangcaiAuto is a trusted and reliable Chinese auto import partner. We can be your car supplier in China and do the heavy lifting on your behalf. If you’re looking to import a car from China, get in touch with our sales team now and let us take care of everything.
5. Pre-Import Modifications
You’ll Pay: $150-$700
Is this cost necessary: No
You’ll need a vehicle compliance certificate before getting the import approval. Depending on your country’s emission and mpg rules, you might have to pay 1-2% in pre-import modifications.
6. Shipping Costs and Travel Insurance
You’ll Pay: $1,000-$6,000
Is this cost necessary: Yes
Shipping is another necessary cost you’ll need to pay in all cases. The primary choice is between sea and air shipping. But air shipping is no option at all because it’ll set you back almost $10,000 to $30,000, although you get your car in just 2-3 days.
Choosing a trusted shipping partner is absolutely necessary. A quality partner ensures that your car arrives safely within the given timeframe. The exact shipping costs can vary with departure and destination ports. So, choose the ports after doing research.
Here are the estimated delivery times and costs with insurance for the three sea shipping options:
- 1. Container Shipping in Full Container Load (FCL)
- – Delivery Time: 15-25 days
- – Cost: $3,000-$6,000
- 2. Shared container services
- – Delivery Time: 20-35 days
- – Cost: $3,000-$5,000
- 3. Roll-on/Roll-off (RoRo) Shipping on Specialized Vessels
- – Delivery Time: 30-45 days
- – Cost: $1,000-$3,000
7. Custom Bonds, DOT Bonds, and Import Duty
You’ll Pay: $1,750-$8,750
Is this cost necessary: Yes
Once your car has arrived in your destination country, you’ll need to pay for customs or DOT bonds and local import duties. Import taxes differ from country to country. With most countries charging an import tax between 5-25%, you might have to pay much more than that in some.
8. Inspection Fees in Destination Country
You’ll Pay: $100-$200
Is this cost necessary: No
Some countries may apply a small inspection fee on all incoming cars. This fee is not usually more than 1% of the car’s case price.
9. Local Transportation and Storage Costs
You’ll Pay: $100-$500
Is this cost necessary: No
Once your car is cleared from port, you’ll need to take it home or to a storage yard. You must pay a transportation fee to take your car to either place.
10. Compliance Costs in Your Home Country
You’ll Pay: $0-$1,050
Is this cost necessary: No
In some countries, you need to pay extra taxes to comply with the local emission standards and fuel economy ratings. These compliance costs can go up to 3% of the total vehicle price.
11. Registration and Insurance Costs
You’ll Pay: $700-$1,400
Is this cost necessary: Yes
Before you’re legally allowed to drive a car in your country or state, you must register it with the local authorities. Registration and insurance costs in most countries are 2-4% of the total car price. You can expect to pay more if your vehicle falls in the luxury category.
12. Your Personal Modification Costs
You’ll Pay: Any amount you wish
Is this cost necessary: No
It’s entirely up to you if you want to modify your imported car. This cost is also not included in the direct import costs. However, some people might want to change the covers or shift the steering wheel to conform to their local driving conditions.
Final Word: Is it Expensive to Import a Car From China?
So, there you have it. All the costs associated with importing a car from China!
Depending on your destination country, you might have to pay 15-80% of the price of your car to import a car from China. In comparison, if you’re exporting a car from Japan or the US, you might end up paying up to 200% of the total car’s price.
So, to answer the question, is it expensive to import a car from China? No, it’s not. In fact, it’s much cheaper to import a car from China than from other countries.
We can help you to save big on importing cars from China. AUTO BUY is the most trusted and reliable Chinese auto import partner.