Importing a foreign car to the Philippines can be very expensive

Home Appraisal for Buyers
Home Appraisal for Buyers

Importing Cars to the Philippines

Automobiles Industry began in Philippines with the introduction of American-made cars during the 1950s and 60s. But during the 1973 oil crisis, declaration of Martial Law by Marcos, some vehicle manufacturers withdrew from the Philippine market; some of them, however, returned after Marcos was ousted in 1986. During the early 1990s, many car makes returned to Philippines, but during the Asian crisis, some makers withdrew due to the economic slump. But love for cars has increased since with new models coming in.
Philippines is one of the major importers of Used import cars mostly from Japan and Korea. Hundreds of import cars enter Port Irene every month here in the Philippines. To name a few of these import cars that are popular in the Philippines are Honda Civic and City, Mitsubishi Adventure and L300, Toyota Corolla, Vios, Innova and Altis.
So how can you acquire these import cars if you're in the Philippines? Well first you need to be a returning Filipino resident or foreign embassy diplomat to be allowed to import cars. Also holders of 13A and 13B visas. Also those who worked, are working and residing abroad for at least one year are allowed to import their personal cars into the country.
So what kind of import cars are eligible in the Philippines? First it must be a left-hand drive only. Then, it must match the Philippine safety and emission standards. They must also have an Import Authority Permit issued by the Philippine Bureau of Import Service before it is shipped. Owners of the import cars must also have lived abroad for at least one year and the car must be registered in his name at least six months if the car is more than three years old. And only one vehicle is allowed per family.
There are also imported European cars that enter the country. But these kinds of vehicles are custom-made or made-to-order by people so they cost also double the amount of the car you bought. A few example of this import cars are Ferraris, Lamborghinis and Porsches to name of few of them. American muscle cars like Mustang and Challenger are imported here in the Philippines, though they cost more than the Japanese and Korean cars.

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