456 GT coming Home?

I own a beautiful (no rust) 1995 456 GT in the UK, which just happens to be an Australian spec car (VIN number checks out). Bought originally by an Aussie who was going to take it back with him when he went home. Don't know why he didn't.

Anyway, given the exchange rate, it seems like it might be a good idea for the car to finally make the journey.

Any advice on how to sell the car into the Australian market (private? independent dealer?) and ship it out?

thanks
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a guy here http://aussieexotics.com/forum/ferrari/512-tr-with-luggage-t570.0.html just bought in this car with similar circumstances (aussie delivered) he might have some clues for you.

 

Firstly you might want to do some research see what you might be able to get for the car in Australia.

www.carsales.com.au and www.drive.com.au are good sites to see how much the dreamers are asking for.

Redbook has the following as a guide
Private Price Guide $113,600 - $127,400
Trade In Price Guide $100,000 - $113,800
Average Km 130,000 - 240,000
Price When New (RRP)* $489,776

 

Did u just

 

did i just what?

 

Vehicles with Australian Identification Plates already fitted or previously registered in Australia

An Identification Plate (also commonly called a Compliance Plate) is fitted to a vehicle by the vehicle manufacturer to show that it complies with the applicable Australian vehicle standards at the time it was manufactured. The Identification Plate bears words advising that the vehicle was manufactured to comply with "the Motor Vehicle Standards Act 1989" (earlier Compliance Plates advise that the plate is "Affixed with the authority of the Australian Motor Vehicle Certification Board").

A Vehicle Import Approval is not required for a vehicle returning to Australia, that is, or has been, registered in Australia, if you have evidence of that registration, provided the vehicle has not been subjected to treatment, repair, renovation, alteration or any other process it will entered into Australia as returned Australian goods.

If you purchased the vehicle overseas, and it has an Australian Identification Plate fitted, and you have evidence of its current or previous Australian registration, then a Vehicle Import Approval is not required, provided the vehicle has not been subjected to treatment, repair, renovation, alteration or any other process it will entered into Australia as returned Australian goods.

If you cannot prove Australian registration then you must apply to import the vehicle, or if the vehicle has been subjected to treatment, repair, renovation, alteration or any other process.


Documents required to be submitted with the application form:

purchase document
copy/picture of the compliance plate attached to the vehicle
If the vehicle has been subjected to treatment, repair, renovation, alteration or any other process, please provide written advice as to what has been done to the vehicle.
certified picture ID of the importer or responsible officer if a company
if you have not imported in the last 12 months you will need to provide your ID again

http://www.infrastructure.gov.au/roads/vehicle_regulation/bulletin/importing_vehicles/general/EligibilityCriteria_2.aspx

 

if its an australia delivered car coming back to AUS, still need to pay tax and go though RAWS scheme and stuff?

 

From my limited knowledge:

Should be exempt from duty but you would need to be able to prove it was originally sold here, and was exported after first sale in OZ . You will probably have to pay the GST on re-import unless you were the orginal owner who exported it.

With regard to rego, it would be OK as the vehicle would have been rego'd previously in Australia somewhere , so should be no hassles there at all.

The car in this thread is an aussie spec car delivered O/S, so it would be liable for the full duty & GST on first import. Compliance would probably be an issue too, as it would not have a compliance plate ( which are fitted locally ) so it would need to get signed off by a RAWS workshop before a compliance plate could be applied for. If it is an Aussie spec car, then in theory no changes would be required for compliance, thus reducing the cos tof compliance.

You would also need to deal with the A/C gas issue as well.

M

 

Offer someone to take advice from someone you would never deal with again...

 

Thanks guys, this is helpful. I can now research in the right direction.

Just to confirm, the car was delivered originally to the UK but in Australian spec - minor things like a rear window brake light, spacesaver tyre and jack (UK cars only just have a can of foam!) and some label to do with the catalytic converter, I think. It was not exported from Australia to the UK.

I reckon the market value in the UK is around Aus $72k, so there would seem to be some headroom to cover additional costs?

More thoughts welcome

Thanks again

 

Based on post #3 above, it would seem you have run out of headroom - leave it in the UK

 

What John said - no enough headroom to justify time, effort and risk.

The biggest cost bringing it to Aus will be duty including LCT (no change out of $20k at a guess - probably more). The next challenge would be to get a compliance plate fitted (Aus spec does not mean Aus complianced) - these can only be done by Ferrari Australia and you would have to ask them if they would do it. These are the simple issues

 

well if you think about it, first he'd read that thread and THEN if he wanted to he'd ask...but he'd know what he's in for!

 

Greetings Midlife

I have recently returned from the UK where I looked at some modern cars that interested me as an import proposition to Australia, specifically a 456M and a 575M.
I saw your car for sale a couple of months ago on Pistonheads.. I think at Rardley's? A very nice colour combiantion that I saw in several 456's.

If you want to proceed with bringing the car to Oz it will HAVE to undergo a RAWS check, which will cost in the order of $18K (and rather open-ended). It will have to have some expensive items replaced (Cats for instance if car is >5years, or >80K kms).

IF the car was imported into Oz, then exported, it can be imported without paying duty or LCT. Note duty is only payable on cars <30yo. LCT is payable on everything. HENCE Peter Menere's 400 Cab., the 250 SWB of Tony Kelly could be re-imported and not have to pay LCT. There is a VERY nice Maserati Ghibli SS 4.9 presently for sale in the UK, for mid 60's GBP, that qualifies.

ALL CARS built after 1989 have to get a RAWS certificate ... regardless

The Australian Gov website is here http://www.infrastructure.gov.au/roads/vehicle_regulation/bulletin/importing_vehicles/index.aspx
The Specialist and Enthusiast scheme is here http://www.infrastructure.gov.au/roads/motor/sevs/index.aspx

Note this enables the car to be imported ... the next step is to get it complianced to Oz standards so it can be registered in any state. For this you need a RAWS workshop go here ... http://raws.dotars.gov.au/rawswebpublic/RAWPubSearch.asp#results

To summarise the APPROXIMATE costs of importing a $100K AUD ( about 45K GBP) 456 to Aus is as follows
Car = $100K
Customs Duty = 10% = $10K (note the Oz Gov is generous here they do not charge duty on freight)
Freight + Insurance = $8k
GST = $11,800 (Note what the Gov gives in Duty it takes in GST, charging GST on top of a tax (duty)
Total = $ $129,800
Luxury Car Tax is now 30% (was 25%) above $57,009. This amount is on GST and duty. So LCT also has a double tax component in it.
LCT on $129,800 is 30/100 x 10/11 x $72,791 = $19,852
Total payable = $129,800 + $19,852 = $149,652

Then it is off to get it's RAWS certificate cost is AT LEAST $18,000
Then it is off to be registered in NSW Stamp duty is $7K plus plates = 1K

So the $100K car in UK costs about $158K in Australia


The only company that will compliance 456's is Modena Imports of Milperra. 575's are done by them as well as GT Compliancing in Parramatta Rd. Sydney will do one to get his "certification" cost will be about $30K.

The three companies will do 360s.

I attach an email correspondence I had with Modena Imports. I make no public judgement on this correspondence, nor on what I saw when I visited the workshop in Milperra. If anyone wants to email me to see what I think, then I am very happy to hear from them.


Modena Imports, Milperra

The Car I am interested in bringing in will be about a 2000 -2001 model 456M, or a 2002-2003 model 575M. I am unsure at the moment as to whether Manual (both), Auto (456) or F1 (575). I estimate that whatever car I get will have about 25,000kms showing.

I understand that I organize shipping and customs. What is the name of the customs broker you suggest?

The vehicle that I purchase will have no aftermarket modifications, apart from Factory options (scaglietti options). Is this satisfactory??.

I have received and read the information you have sent me and the questions are:

Question: How many 456’s and 575’s have you complianced.
Question: Can you put me in touch with previous customers??
Question: If you have previously done 456’s and/or 575’s what problems have you seen with regard to compliancing to Australian standards.

STEP 1. I assume that I can send to you a completed form, apart from car details, prior to leaving overseas (May 23 2008). If I decide to purchase a car, then I can send the final car details to you whilst I am still overseas plus credit card details to debit me $165?

STEP 3 and 4. How long does it take for you to get VSS Import approval?

Step 5, 6 and 7. Are OK and self explanatory

STEP 8 .. Related to Step 8 (Form D8.2)
I intend to buy a vehicle most likely from an independent Ferrari Dealer, or an “Approved vehicle” from an authorised dealer, which according to my understanding can qualify for a worldwide one year “Factory warranty” (up to 8 years of age). I intend to have it thoroughly serviced in the UK. at a Ferrari Authorised Dealer.

Question: Given the above why is it necessary to have Step 8 performed so rigorously.
If air, oil; and fuel filters are new OEM? Charcoal canister I take it is for the AirConditioning .. is this an Australian requirement to change? New tyres if these meet state regulations, in terms of tread depth and are OEM, similarly brake pads (if these are OEM), Wiper blades and brake fluid changed.

Question: What component of your compliancing cost ($17.5K for a 456, $25K for a 575) is built into these figures, and what “surprises” could there be?

Step 9 Compliance Engineering
What extra requirements could there be to compliance a 456 or 575 that was technically 100% OK from a UK “Authorised Ferrari Dealer”

Step 10 and 11 are fine

The reply I received was thus:

Hi Phillip,

It appears to me that you do have some very unusual questions. I do not pass on any
information to anybody about the personal gratifications of my company. What you need
to do is read up on the criteria of importing cars into Australia so you can have a better idea.
Also for a Ferrari enthusiast, that is if you really are one, then your questions are far from logical.

Peter Trad

 

hi its my understanding that if a car is re imported the LCT is payable agian,but is excempt if re imported by the orginal seller.

 

unbelievable.


p.s. who are you?

 

what is big boy.

 

i think LCT is still 25%, but if it goes up to 33%, it'll include all deals done since ...ummmm...i forget the date!!

i also think duty and GST is on the cost of car PLUS freight. (according to the calc sheet i filled in for the 328)...but i'm a novice at this stuff.

 

Greetings Black Jag .. Unsure on original seller, however would be surprised, as the duty is payable on the vehicle ... not the person. Hence the term "duty paid".

Peter ... It is my understanding that ALL vehicles landed in Oz as of 30 June 2008 have to pay the new LCT, which I think is 30%. LCT changes do not have to be passed by the Senate, they are merely changes in the percentage of tax.
Also the "order" of payments is as my description. Duty is payable only on the invoice cost. GST is payable on the Invoice cost + freight and insurance + duty.

Peter .. "Who am I" .. your friendly Veterinarian, now retired down the South Coast of NSW .. and enjoying it ... but the "Ferrari Itch" has started again

 

good to hear you're going to get back on a horse!

BTW, LCT goes up to 33% of the amount over $57,000 somethig.

 

fair enough.

and of course i knew who you are...and great about that itch!

 

Thanks for posting that response, one of the funniest in a long time .
What exactly are the "personal gratifications of my company", I'd love to know, 'cause I could never find them !

And his perception of you is spot on:
Your'e not really a Ferrari enthusiast, and you should do some research.

LOL

 

I never thought Phil really liked Ferraris .... how's the fishing going Phil ?

Was great to finally meet you at Crackenback last year after "speaking " to you all these years ... .hopefully your stocks are doing well

 

Gees I haven't seen any advertised at that price. That actually what 360C said they were worth, but at the moment most are in the $150-$200k mark.

I didn't realise you'd have to pay LCT on a second hand import. That stinks.

Have I said b4 I hate the goverment.

 

Have you considered, the feeeling might be mutual !

M