This could be the right time to import a car

Owning a car has always been everyone’s dream especially if you have a family and with the year almost coming to an end you’re probably shopping for one. 

This is because during this period there are always some good deals you can always take advantage of. These deals are always either from local dealers or even from car dealers abroad such as SBT, AA Japan and Autocom Japan. 

If you’re considering importing one this is the right time do so. Most car dealers abroad are trying to get rid of cars at some good rates. They are giving out some good deals and you can get that family car you have always been saving for at a pretty good rate. 

From cars like the Mazda CX5 or CX6, Toyota Rav 4, Fielder, Honda CRV, Subaru Outback, Honda Insight, Toyota Prius, Mercedes Benz E250 among others, these are some of the deals you should look out for. Importing the car gives you the choice of all options and specs including cars that aren’t available locally, meaning you can import any family car of your choice even if it’s locally unavailable.

What you need to do is just looking for a good import financing provider and they will handle everything for you. You will drive away with that family car from any of their partners from different countries. All you will need is a jevic, a Japanese Logbook, an IDF, Invoice, PIN and ID of the Consignee who in this case is you, the client.

Financial service providers like Ngao Credit can even finance up to 70% of the total estimated costs once you deposit at least 30% of the total cost and handle all your vehicles’ importation process and clearance at the port. If the vehicle is in the port Ngao Credit will finance 100% Duty and Port Charges as long as the vehicle does not have any demurrages. The repayments period is flexible with a period of up to 2 years with Interests as low as 3.5%. 

The importation process is pretty simple. You will first need to agree on the vehicle and your preferred specifications i.e model, colour, desired mileage etc as well as the budget. You will then be required to sign a car purchase and sales agreement. Once this is done, you will need to pay 30% of the total value of the car i.e. CIF+ Duty+ port charges which serves as a commitment fee to enable us Ngao book the car. You will also sign a legally binding sales agreement which also discusses the payment schedule.

Once Ngao Credit has booked your car from its partners, it will undergo mandatory KEBS inspection, conducted by QISJ in Japan. Ngao’s Japanese partners will also start the process of deregistering the car and getting it ready for the next available vessel for shipping. After all the paperwork is completed in Japan your car is shipped out. Shipping takes roughly 27-30 days, depending on several factors. When your car arrives at the port of Mombasa Ngao’s Kenyan team takes over for clearing and registration.

After completing the registration Ngao will then deliver your car to your doorstep or as discussed. The car will be transported either through a carrier or driving them on the road depending on your request.

Importing a car also has so many advantages as we have mentioned in a previous article. It helps in risk Mitigation as you avoid sending money to frauds as well as improve Negotiation Capacity as most financial institutions already have a relationship with the Japanese dealers

Investing in a family car is also very important because it not only helps you with work, but it also helps you with daily activities. Usually, family cars are spacious enough for groceries and other cargo. They also help reduce expenses from school and can become your family’s primary means of transportation.

Having the car ready makes it possible for your family to go anywhere. Given the time and budget, you can travel to places which you haven’t been to before helping you build stronger family relations. 

Click here to apply for your import financing now or simply call Ngao Credit on 0709 650 000 or visit www.ngaocredit.com for more details.

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