Anyone else actually in Korea?
Feb 28, 2007, 08:20 AM
#62
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Military can bring them in because they are under SOFA status - meaning they are duty free, no taxes. The Korean Government will hit a Japanese car with an ungodly amount of tax - it is like 30-60% the value of the car. I can't remember the exact amount but it is the reason why 90% of the cars here are hyundia, kia, dawoo and why everyone stares as the evo rolls down the street.
Taxes are about 30%. It used to be about 100% and as Mump explained it, why imports are rare. Any import is probably a good sign they are wealthy. For example, I saw the list of a BMW 530i at about $80K..ridiculous. Hope you can bring your evo into Korea.
Last edited by jkim2001; Feb 28, 2007 at 03:22 PM.
Feb 28, 2007, 10:59 PM
#63
Yeah, I just renewed my insurance. The US value of my Evo is $24.5k according to them, the Korean value is about $42k.... now add 30% to that for taxes.
Now don't quote me on this, but I think that 30% is for european and maybe us cars, i heard somewhere that the tax on a japanese car might be more.
Now the insurance on my car is sweet. $1092 a year. Insurance is based on value... so my AWD, turbocharged, rip up the road, race car is the same as any other $25k car on the road. tee-hee.
Now don't quote me on this, but I think that 30% is for european and maybe us cars, i heard somewhere that the tax on a japanese car might be more.
Now the insurance on my car is sweet. $1092 a year. Insurance is based on value... so my AWD, turbocharged, rip up the road, race car is the same as any other $25k car on the road. tee-hee.
Jun 7, 2007, 09:49 AM
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i left osan a few months ago... i think i inprocessed with the guy in the silver evo. now i'm in japan and looking into getting a evo 5 or 6.. only seen one evo on base and a few nice hooked up off base.. oh and some hooked up evo wagons in tokyo too.. pretty sweet.
Sep 25, 2007, 06:38 PM
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