QUOTE(MaximusR35 @ Apr 16 2016, 06:00 PM)
Okay not sure how it works but my SG friend selling 64 triumph spitfire and I am very keen on buying it, is there any way of me keeping it in Malaysia?
Just forget it unless you want to break the car apart and sell as sparepart. Else, you will live your whole life worrying if the enforcement is going to raid/take it away from you. Even if the car is parked somewhere, THEY STILL CAN CONFISCATE THE CAR FROM YOU. Buying a scrapped car from SG means you are AVOIDING (NOT PAYING) TAX - and CUSTOMS has the authority to take it away from you.
How to pay tax? No way for SG scrapped cars. If there is a way, SG Scrapped cars had been legal in Malaysia
QUOTE(HuG @ May 29 2016, 03:02 PM)
Hi, just asking since my sis will be going oversea to study, planing to get 1 Honda S2000 back to Malaysia...will the price cheaper compare to the selling price in Malaysia currently around Rm145k (AP1 2nd hand unit).
Thank you
Which country your sis is going to? To me, if you want to use the car for yourself, go for it. It tends to be cheaper BUT you need to have lots of cash (1. buy the car, 2. buy insurance, 3. ship the car, 4. pay the import tax LUMP SUM). But if you want to sell it, you have to know personal AP means you cannot change the title and have to wait 2 years AFTER you register the car in Malaysia. Then you have to know that those cars might be older than 10 years old, means it will be hard for banks to give out loans for cars that old. So you need to find cash buyer.