Imported cars can be fascinating, whether you want a rare model or to save money. But there are also some problems that come with it.
You need to think about UK laws, which may require changes to safety and environmental standards, as well as import taxes and registration fees. Imported cars have higher insurance premiums and harder-to-find replacement parts.
Review all car import requirements and costs. Doing so will streamline the procedure and ensure your vehicle is UK-roadworthy.
What's the Difference Between Parallel Imports and Grey Imports?
What Is A Parallel Import?
Authorised distribution channels bring EU vehicles into the UK as parallel imports. Identical to UK models, these models are often cheaper in EU markets.
With their European design, parallel imports meet UK safety and environmental rules, which makes them easier to register and insure. Warranty coverage may vary, so check that UK dealerships support servicing and spare parts for convenient maintenance.
What Is A Grey Import?
UK grey imports are vehicles from non-EU countries like Japan and the US. These cars are typically rare in the UK, appealing to buyers wanting something different.
They may need major changes to meet UK laws. Changing the speedometer to miles per hour and fulfilling local emissions and safety norms are common changes. Grey imports have higher insurance premiums and harder-to-find spare parts. A car value check is also recommended to confirm the car is worth the total costs involved.
Are Imported Cars Worth It? Pros and Cons to Consider
Pros And Cons Of Parallel Import
Pros:
- They are usually the same as UK models, so they meet UK safety and environmental standards.
- They are often cheaper because of changes in the EU markets.
- They are easier to register and insure because they already follow European laws.
- Repairs and replacement parts can usually be found at UK stores.
Cons:
- The warranty terms may be different from those for cars bought in the UK.
- Cars bought outside of the UK may not get as much manufacturer help.
- It might be hard to sell because some buyers want UK-registered cars and will demand a full number plate check and car details by reg before purchase.
Pros And Cons Of Grey Import
Pros:
- It gives you access to rare models that are not sold in the UK market
- Often has good prices, especially from places like Japan.
- Usually well-kept and low mileage if they come from countries with strict car standards.
- Interesting to collectors who want unique styles or features.
Cons:
- To follow UK rules, it might need changes like an emission test or a switch for the speedometer.
- Because insurers do not know as much about them, they usually cost more to cover.
- It might be harder to find spare parts and do some types of repair in the UK.
- It might be hard to register, and the next-day numbers might be lower.
What to Watch Out for When Purchasing an Imported Vehicle
Compliance with UK regulations
Make sure a car passes UK safety and emissions regulations before importing it. In some situations, changes may need to be made, like changing the speedometer or the lights.
Availability of parts and servicing
Check the model's UK parts and servicing availability, as restricted availability can increase long-term maintenance costs.
Registration and insurance
Get complete information about the registration process and fees. Due to higher insurance costs, importing an automobile may increase your premiums. Always run a vehicle check before purchase to ensure the car's legitimacy.
Assessing Your Needs and Budget
When deciding to import a car, consider your motives and finances. First, figure out what you really want: do you want a model that is not available in the UK or do you want to save money on things you buy in the UK?
Next, look at the costs of owning the item beyond the purchase price. This should include:
- Import taxes and charges required for car import into the UK.
- UK rules may require emissions, speedometer, or lighting changes.
- Maintenance and servicing costs, especially for specific parts or expertise.
Finally, evaluate long-term costs. Imported cars may cost more to insure and repair. Considering these issues will help keep the purchase affordable.