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Does anyone know how much it would cost to get an EA- or E* Number for an older 65- suv in the current day and age?
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So, now some say personal vehicle imports will commence next year, and prices of existing vehicles will drop?
This poses an interesting argument in my head, I'm not in finance, nor banking, nor a car sale guy,
Just a petrolhead from a Healthcare related background.
So to elaborate,
Hypothetically say imports were allowed, empirically the USD will shoot further-it will be a catastrophic claim where the poor would say, the rich took our USD to bring cars and now we gotta pay 2000 bucks to buy milk?
Thus the price of these New vehicles will be unfathomable for the average joe as after all its paid for in such USD? maybe the first few imports may cost less due to the rate.
Secondly, now as far as I know, there is no guarantee that the govt. will follow the same taxing system as before the imports were restricted, after all they too have to make a buck, and they too have control the seepage of USD.
Could it be just a futile attempt of allowing imports for IMF sake and can they just bottleneck the whole thing with a heap of taxes?
Thirdly there maybe a possibility where they allow vehicles more than 10y old to be reeled in as well, technically "new" yet old models may find themselves here, how will the market welcome these?
Lastly I have noticed a heap of good well taken care of cars paraded on marketplace and various websites, thus I guess its either people wanting to shed off luxuries to save their money or people are hoarding cash for a new car.
Feel free to share your opinions, the more the merrier!, and please correct me if I am wrong
I chose the forum here as the crew would be rather mature than get abused on rapid rev.
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Thing is this guys, from the perspective of a person employed in the industry this is what I think. Govt will have to open up for vehicle imports since IMF says you cannot just block the market. But in opening our hawks would definitely look at bringing vehicles in the thousands and flooding the market (I am sure some are already working behind the scenes with a lot of buck being passed). To negate this the IMF would tell the govt to impose a higher tax, so that only people who can afford and who wants will import, basically telling people to stay away from importing.
If you have a look around social media and count the number of BMW i7, Porsche Taycan, Mercedes EQA and other high end EV's have been imported and they boldly advertise them above 100mil range. Compared to what the general public can afford all the cars sold are well above 40mil mark. Have they imported any low value EV's on this so called permit other than the Nissan Leaf? Shows how much disposable income the rich has.
Ok so my point is this, govt has to open the market, yes you can have a massive tax but atleast the industry will survive. Going by the numbers of people leaving for greener pastures you can see how frustrated they are. 90% in the industry have not had a pay raise for almost 3.5 years, you cant just wait for govt to open up, principals will / could pull out, 70% of the certified technicians have left. By opening you give hope to these people. There were times that companies sold only 10-15 vehicles but survived (remember in 2007/9 a C Class used to cost 24mil, S Class costed 60mil plus).
Next up do not go with this electric only nonsense, even the so called developed countries are finding it hard to go full electric, you think Sri Lanka with next to no infrastructure will fare better? You buy an electric car and live in a apartment, your full chare takes two days (from a normal plug), what do you do? These are the stuff what needs to be addressed. On the brain drain, trained technicians are leaving and companies have to spend more money in training new personal and the cycle goes on. You cannot get a maka bass to service or repair an electric vehicle if something goes wrong, you could end up electrocuting a poor soul.
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This whole full electric thing is utter BS. It is not the savior of the planet. At no point in the history of man kind has humanity had one single solution for a problem. EVs are needed but so are other forms of vehicles. They really need to look in to commercializing synthetic fuels. That will keep the billions of cars already on the road running (instead of driving them to the scrap yard)
Well.. @Gummybr...can the high-end vehicles imported by a few actually sustain the market or the industry in SL ? I still think we could look at Singapore and take a lesson from them....COEs...or go back to the permits of the past (like in the 80s...which is what the whole COE concept was based off anyway). When the IMF says open the market they do not mean free flow of whatever the heck you want to do. They would want some sensibility in it (which is what your tax proposition is).
This is an opportunity to properly structure our car and spare parts imports...let the actual authorized dealers bring in parts and new vehicles and when possible CPOs. If external car sales want to operate...regulate the hell out of them (on the classes and types of vehicles they can bring down), again, they import a car only for the permit that their client has. For car part shops....get the parts from the agent (this is what has happened everywhere else I have lived...the outside parts shops are registered distributers) . Once the agents start selling it in large volumes the prices will come down. Right now they sell a hand full of parts which has to keep the agency a float (part of it actually).
But then...like you said...this is just going to be one heck of a mess where the ultra rich can bring in their toys.
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From what I know the CMTA pushed for something like a quota system which was shot down by the Finance ministry. They were willing to listen to the bs theory of the car importers of getting vehicles on credit.
I don't say that the super rich importing vehicles will sustain the industry, what I say is that there is hope for the people in it, rather than hoping something will happen eventually. It's awful when you have to speak to principals, they ask you about restrictions and then close saying we will talk when your country opens.
The biggest problem the government has in my opinion is that to get these permits people send money abroad through undiyal and bring them back as dollars. Whilst it does bring in legit money the harm it does to the country is more. @iRage you worked abroad would know that people can't send half a million dollars within a short period of 7-12 months, unless they have money stashed somewhere and they are like super rich.
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Lowballing for cars have gone out of control, going to see a fella in the hospital who got beaten up for lowballing a Nissan Caravan 🤦♂️
Paradise in the making
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Wow - that's like asking for half the price - no wonder the seller was pissed off.
@PreseaLover - onna ahapan - you're lucky to be in one piece after offering peanuts for that paddy farmers SV40 - you would have been run over by a Kubota or trampled by buffaloes.
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@tivlet me get this straight you know the low baller? Better tell him never to do it again.
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@GummybrYup he is like a part-time driver that my parents use for commutes 😁
I'm sure he won't cos now its gone legal, court date given and all