CLuTZ said:
F.O.B means that shipping is included in the price. Somehow I dont think the service fee ($1000) import duty and GST comes to $4527!
FOB is not shipping. FOB means Free On Board. This means that an FOB price includes the purchase price of the vehicle, any commissions, the transfer from the auction site to the docks, deregistration in Japan, loading of the vehicle onto the ship and the export documentation charge charged by the shipping line in Japan.
688,000 Yen = AUD
$6443
On top of FOB, you need to pay for shipping, which usually costs around USD$80 per cubic metre.. For a VR4 that's probably around 10 cubic metres, so thats USD$800..
USD$800 = AUD
$908
When the car arrives in Australia, Customs assesses the FOB value of the vehicle (they base this on your invoice from the buyer's company in Japan, unless something is suss), converts it to Australia dollars, then you're taxed at 10% of the that figure.
10% of $6443 is
$644
Being Australia you're then charged GST on a tax (makes sense). So you're charged 10% on your FOB, shipping and stamp duty. The total so far is $7995.
10% of $7995 is
$799
On top of this you then have to pay Quarantine fees, some cleaning fees, customs broker fees, storage, cartage, and other assorted crap, you're going to spend at least $700 there.. probably more like $800 or...
$900
So far that totals $9694, not to mention J-Spec includes their $1000 fee in that price. So your total before compliance/rego/etc is...
$10694
If you're going through J-spec, they actually organise the cars to be dropped off at your door, which usually costs around $300, depending on where you are located. You'd be hard pressed to get everything that cheap every time you import too.. Prices usually blow out and at the time of them posting that the exchange rate was probably lower. They usually try to overestimate rather than underestimate.
Compliance on a pre 89 car is worth around $400-$1500 depending on who you get to do it/if you do work yourself/etc.