Is Importing JDM Cars From Japan Worth It?
Some time ago American and European cars were what you can find in the car market, that isn’t the case now—but what happened? Asian cars did, and by Asian, we are explicitly talking about Japanese cars.
Though American and European cars are still competing fiercely in the market and not totally phased out, Japanese cars have really grown and penetrated almost every continent on the globe, ranging from Africa to Europe and America.
If you’re thinking about importing cars for commercial purposes or for personal use from and Japan and you’re wondering if it’s worth it to import vehicles from Japan, we will discuss some essential points to influence your decision.
Note: The number of cars imported from Japan has grown much over the years, don’t be surprised to find your Japanese dream car at your local dealership. Ensure that you check there first before spending extra money importing the car from Japan. But if you can’t find it there, keep reading:
Is Importing Cars From Japan Worth It?
We have outlined the reasons why it is worth it to import cars from Japan:
v The quality of Japanese cars
v The price of Japanese cars
v The cost of importation
v The cost of repairs
v The size of Japanese cars
The Quality of Japanese Cars
Purchasing a Japanese car means that you’ll have to toggle in between price and the quality of your desired car, and trust me it isn’t an easy task. However, most Japanese cars which can be ordered via the internet has high quality, offer an excellent service, and above all are low priced—especially used ones.
Used Japanese cars always arrive with plenty of bundled car accessories, which ensures that buying a Japanese car is very profitable. Also, you should note that all Japanese cars come in excellent conditions, in fact, they’re always as good as new. This isn’t fluff but a fact which is backed by a reason:
The Awesome Japanese Loan System
Japan has one of the most exciting loan systems in existence, and I’ll briefly explain that which relates to the car industry. In Japan, her car loan system works in a way that you’d buy a new car for about half the price of that same car. Here is an example: You’re a Japanese purchasing a new that costs $10,000 with a 50% resale value. Through the Japanese loan system, you’ve got just to pay $5,000 for the car.
The loan system ensures there is an avenue to deduct a car’s resale value. After about 2 years, you will need to resell your purchased vehicle to the dealer and in the same manner, receive a new car. This system made used Japanese cars to accumulate in the inventory— interesting right?
The Price of Japanese Cars
Every car importer knows that Asian countries have the cheapest cars as long as the quality is concerned, but specifically to Japan? Its vehicles are sold dead cheap as compared to other countries. This is the primary reason why Japanese citizens always purchase new cars as new models are frequently rolled out. Now, this, in turn, makes the used cars to sell at meager prices. These old cars are well maintained by their previous owners, that’s why there are plenty of good quality cars available at extremely cheap prices. The used car inventory of Japanese society expands as more people buy new models and sell their used cars for low costs.
Cost of Importation
Even with all benefits accrued in importing cars from Japan, purchasing an imported car requires serious math. Don’t worry, it’s the same in whichever country you want to import from, not just Japan. If you’re staying in the United States and you aim to introduce a car, you can find it more expensive when compared to buying the same vehicle in the US. This is because the importation of vehicles is increasingly in the states, and even American made foreign cars are available and cheaper. However, if you’re after vintage cars, well, importing it is undoubtedly your only option.
With enough disadvantage said already, let’s take a look at the bright side which is specifically tailored to importing Japanese cars, and that is the import tax:
The Japanese Import Tax
Importation of cars around the globe is really a hard thing to do, well for beginners. Importing luxurious cars from some countries attracts import duties, which is most times costlier than the price of the car itself. However, this isn’t the same in Japan.
In Japan, you’re not expected to pay anything as import duties when importing used cars from Japan, not even a single penny. Also, all vehicle-related taxes are meager when compared to other countries for used vehicles. This had made Japan even friendlier to import used cars.
The Cost of Repairs
You wouldn’t want to buy a car and then it breaks down only for you to find out that the cost of its repairs is high. This has been one of the downsides of importing cars in general. You won’t love the idea of importing spare parts into the country as an extra expense to repair your car.
Japanese cars have been penetrating every country of the globe, and so is their spare parts and technical awareness. More and more car mechanics spring up in various countries, thereby reducing the cost of repairs for Japanese cars, thus giving assurance to the potential Japanese car buyer.
The Size of Japanese Cars
If you reside in America, you must’ve noticed that the only difference between indigenous American cars and others is just the size. American vehicles are bigger sized with bigger engines when compared to Japanese cars.
When you import a Japanese car, you aim to drive it, and if the vehicle isn’t at your desired size, that might pose a problem for you. However, car sizes aren’t a priority anymore and shouldn’t have been. There are various kinds of cars available for various tasks, and Japanese car manufacturers have these at the back of their minds and have been producing standard quality cars for each required job.
Final Words
Importing cars are more favorable when it is cars from Japan. These used cars are the cheapest and have high quality. The loan system and no import duty to be paid make Japan a hot magnet for the importation of vehicles. Whether you want to purchase a vintage dream car or a new model, or even to become a car dealer, you’ll find out that importing vehicles from Japan would give you lesser stress and be much more affordable than other regions of the globe.
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