How the average family in Tokyo can buy a new home
Today's post comes from David Ainley of Motovique Motovique is a private company helps individuals looking to buy and sell their cars at a fair price, or simply help sellers to transfer title in their car with ease They offer also free resources to the international community on their blog.
The cost of buying a used car in Japan infographic Motovique.
With some three million used cars sold annually in Japan, the number of vehicles available for buyers can be confusing While the level of courtesy and service provided is usually a high-end, the processes involved in buying a used car in Japan can be confusing While cars seem relatively cheap in Japan, buyers must be careful in their search, as listed vehicles at dealerships and may misleading online.
In simple terms, the car tax is based on engine size of a given vehicle, awarded in increments of 500cc As part of the registration process, details of vehicle owners will be retained by the local tax authority and invoiced annually accordingly to April, with full payment required before May 31 debts are highlighted on computer graphics.
With the exemption of kei cars, car tax is payable on a sliding scale if purchased after April.
the acquisition tax is a prefectural tax allocated for the construction and maintenance of local road infrastructure, levied on buyers of new cars in less than six 6 Years beyond an acquired value is JPY500,000 important to remember that the value gained from an old used car under six is not equal to the purchase value.
Earned value is actually based on the quality of the cars and the specifications of the new amortized over the period of six years using the formula of the sample below.
Our sample above uses a Fiat 2010 500 January 4 Sports as an example, the price of JPY2,430,000 again at the time of initial registration Earned value is calculated as shown in figure one, which is then multiplied by 0 05 and rounded to the nearest thousand calculate the real cost of the acquisition tax.
NB values defined by an asterisk differ depending on the year of registration.
Since the introduction of the recycling law in January 2005, each registered vehicle must have a certificate of recycling, in which homeowners prepay a fixed fee to shred disposal of vehicles at the end of their lifespan The amount depends of the volume of disposable income properties, and paid in advance by each new owner before the transfer of a given vehicle.
Based on the curb weight as highlighted on the certificate shaken by increments of 500 kg weight tax is payable upon renewal shaken only Some sellers may ask new customers to pay a portion of the remaining amount, but it is not required - unless the car requires shaken be renewed.
Regarding the price, the new system, introduced in May 2012, divides vehicles into four broad categories.
JPY5,000 0 5 tonnes for green cars - those exceeding certain emission standards.
JPY8,200 0 5 tonnes for non-green cars under 13 years.
JPY10,000 0 5 tonnes for non-green cars more than 13 years.
JPY12,600 0 5 tonnes for non-green cars more than 18 years.
Compulsory insurance is a legal requirement, providing basic coverage to drivers in case of a third victim of injury at the hands of the driver This insurance policy is set to cover the duration shaken and is currently 24mths JPY24,950 the price.
Other miscellaneous expenses that increase the total expenditure.
Other costs typically associated with purchasing a used car, include but are not limited to the following; costs can vary greatly depending on the service provider.
There is no definitive answer to that, because each individual has different needs The Japanese have traditionally tended to favor their local brand franchise, building a relationship that lasts several years, while those of the foreign community often prefer to buy directly, using the experience of an agent to purchase directly from the car auction.
The ability to negotiate on the price of the vehicle.
The ability to include options and e g maintenance in the case.
Inability to some foreign citizens to obtain a loan on vehicles.
detailed history of each vehicle including accident history.
Using experienced buyers to evaluate each prospective car.
Possibility to pocket substantial savings by buying at wholesale prices.
The ability to choose among tens of thousands of vehicles every week.
notification of vehicle sales is exceptionally fast on 48 hours.
The time required for the source of a specific model may take some time.
The vehicles are purchased as described no return policy.
The private market so that the private market in Japan is underdeveloped, there are a select few avenues through which private owners can buy and sell vehicles receiving significantly higher yields than the standard commercially available to dealers is also worth note that the consumption of tax payment is not required when a sale is made between two individuals.
If you bought a used car in Japan, how do you about All recommendations or suggestions for those considering the purchase of a used car here.
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Buying a used car in Japan What you need to know Surviving in Japan (without much Japanese), buying used Japan.
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