Re: Unregistered Cars For Sell (Cash Only)
Totally legal with complete document.
So if I were to buy 'Honda eg/ek hatchback & sedan: rm25k':
A. Government taxes:
1. Excise Duty (first RM7,000 x 25%) = RM1,250
2. Import Duty (140%) = RM7,000
3. Sales Tax (10%) = RM500
Total = RM13,750
B. Approval Permit (AP) = RM5,000
C. Logistics + Your Profit Margin = RM6,250
Grand Total = RM25,000
Few enquiries:
1. AP usually will be given to buyer in photocopied form. How do buyers ensure that an original copy exists?
2. The rough estimates above were done based on a purchase price of RM5,000. Is there an EG/EK, hatchback or sedan, on sale in Singapore for Ringgit Malaysia 5,000?