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Alston Alston

Moving to India - Sell the Car or Export to India?

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Hi Auto Experts,

I am a newbie in the automotive industry so thought to ask your opinion in a situation.

The situation

We are planning to move to south India, and one of my main concern is my car, which I bought two years ago. It's Toyota wigo bought directly Toyota wattala.  I am a lite user, so for the last two years, I only driven 3200 km (car is in brand new condition) and still has free service from Toyota and also a warranty from them.

When I bought the car, I paid half of the price in cash, and for the other half, I took a loan from HNB for four years ( so far I have paid around 1.5 years).

So these are the options I thought.

1. Export the Car to India.

Since this a really good car and haven't used a lot, I am thinking of transferring it to India too. If this a choice then do you have any idea on import and fees I have to pay both in Sri Lanka and India for a used car? What will be the procedure for exporting and importing? Will it be easy to get it to the public from India? (Any sort of info will be highly helpful)

2. Sell the Car

If selling the car good option then will able to sell and transfer the loan? Or do I need to sell it by paying off the loan? Do you think what will be the resale value (According to brief calculations even if sold the car for 36 lakhs still I will incur 6 lakhs loss so when the resale value goes lower than the 36 then loss will be even greater)? What will my best place to try to sell? Finally can share safety tips on how to sell correctly?

I will appreciate any sort of info and help. If you any other suggestions also please let me know.

Thank You

Alston Antony

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Sell it. The first option is a great hassle and you will end up losing more than that 600k.

You can try to transfer the lease. 

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29 minutes ago, Crosswind said:

Sell it. The first option is a great hassle and you will end up losing more than that 600k.

You can try to transfer the lease. 

Thank you for the thought, so you mean to try to sell the car with lease? 

Edited by Alston Alston

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If im not wrong, India has very strict policy on importing vehicles, hence only the wealthy lot use imported vehicles. 

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Sell the car and buy a new one in India, they have better cars for cheaper prices.

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Posted (edited)

Honestly, from a side, I think it is easier to buy a new one and not pay spare money. But, from the other side, I do not know the real situation with transport sales in India. To cut it short, there is a lot of dilapidated trash and it can be problematic to find a quality car in India. Frankly speaking, there are in general motorcycles and different motorized carts on the road. Anyway, you can ask for a transport company and they will explain in details all the costs and expenses that you incur. For example, ask threemenandatruck.net. A year ago, they delivered the boat from Seattle to Alberta. Indeed, I have no headache with documents and transportation. Moreover, they know the taxes and legislation all countries. They will explain you the entire picture of all payments, you could compare what is more profitable for you.

Edited by sinless

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India has rather strange and stringent import regulations in order to protect its auto industry. The process would be rather cumbersome that it might not be worth it (on top of having to pay the Indian authorities). Sell it...and then buy a new one in India...you can find a better Indian manufactured car at an equal or lesser price. 

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Posted (edited)
On 6/16/2019 at 6:46 AM, Alston Alston said:

Hi Auto Experts,

I am a newbie in the automotive industry so thought to ask your opinion in a situation.

The situation

We are planning to move to south India, and one of my main concern is my car, which I bought two years ago. It's Toyota wigo bought directly Toyota wattala.  I am a lite user, so for the last two years, I only driven 3200 km (car is in brand new condition) and still has free service from Toyota and also a warranty from them.

When I bought the car, I paid half of the price in cash, and for the other half, I took a loan from HNB for four years ( so far I have paid around 1.5 years).

So these are the options I thought.

1. Export the Car to India.

Since this a really good car and haven't used a lot, I am thinking of transferring it to India too. If this a choice then do you have any idea on import and fees I have to pay both in Sri Lanka and India for a used car? What will be the procedure for exporting and importing? Will it be easy to get it to the public from India? (Any sort of info will be highly helpful)

2. Sell the Car

If selling the car good option then will able to sell and transfer the loan? Or do I need to sell it by paying off the loan? Do you think what will be the resale value (According to brief calculations even if sold the car for 36 lakhs still I will incur 6 lakhs loss so when the resale value goes lower than the 36 then loss will be even greater)? What will my best place to try to sell? Finally can share safety tips on how to sell correctly?

I will appreciate any sort of info and help. If you any other suggestions also please let me know.

Thank You

Alston Antony

(1) Sell your Vigo here.

(2) Buy a brand new car from India.

Look at prices in below Toyota India link. You can buy a Yaris there.

https://www.toyotabharat.com/

(INR 1 = SLR 2.5)

Edited by Sampath Gunasekera

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Mr. Sampath Gunasekara,

Hello, could you plz share manuals for toyota allion 2001/2002/2003. I can't download from the link.

TIA

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