Importing a cars to ecuador

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mwe

Boston, MA

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#1
Apr 21, 2008
 

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A while back i had thought about shipping vehicles to Ecuador...with landcruiser running close to 80k in ecuador and 45k in the US I figured i couldnt go wrong...well this year it seems that Correa in his infinite wisdom in the economy (much sarcasm) has hiked up the taxes and duties on importing, as if they were already not high enough....from what I understand anything over 35k will be taxed 100%...meaning one for me, one for Correa...right. Bastard!

Well I gave up on the plan until recent when my brother-in-law contacted me looking for help shipping a Mercedes into Ecuador in the next 12 months.

His interest now gives me an opportunity. He works as a attorney for the president in some capacity so I am confident that I wont arrive at the port and be told by customs "...what cars"

So now that just leaves all the complicated stuff!

I figure I will rent a 45' shipping container and send 2 mercedes c-class. Basicaly I just have to keep cost below 70k and I should be able to sell the extra car for a nice profit.

Anyone have experience with this.

Mercedes wont let me ship anything that is 2008 aka current year models (I still dont understand how they would ever know...if i buy it i can do as I want with it...if I buy a mercedes benz..can i not drive to canada)

bassicaly we decided on mercedes b/c it has the most support in quito...try finding parts for your porche)

Maybe the new taxes only apply to new cars..what if it is a year old and 1 mile on it.

Anyone wanna chime in with some input here?
mwe

Boston, MA

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#2
Apr 29, 2008
 
bump!...anyone?
Michelle

United States

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#3
May 7, 2008
 
mwe wrote:
A while back i had thought about shipping vehicles to Ecuador...with landcruiser running close to 80k in ecuador and 45k in the US I figured i couldnt go wrong...well this year it seems that Correa in his infinite wisdom in the economy (much sarcasm) has hiked up the taxes and duties on importing, as if they were already not high enough....from what I understand anything over 35k will be taxed 100%...meaning one for me, one for Correa...right. Bastard!
Well I gave up on the plan until recent when my brother-in-law contacted me looking for help shipping a Mercedes into Ecuador in the next 12 months.
His interest now gives me an opportunity. He works as a attorney for the president in some capacity so I am confident that I wont arrive at the port and be told by customs "...what cars"
So now that just leaves all the complicated stuff!
I figure I will rent a 45' shipping container and send 2 mercedes c-class. Basicaly I just have to keep cost below 70k and I should be able to sell the extra car for a nice profit.
Anyone have experience with this.
Mercedes wont let me ship anything that is 2008 aka current year models (I still dont understand how they would ever know...if i buy it i can do as I want with it...if I buy a mercedes benz..can i not drive to canada)
bassicaly we decided on mercedes b/c it has the most support in quito...try finding parts for your porche)
Maybe the new taxes only apply to new cars..what if it is a year old and 1 mile on it.
Anyone wanna chime in with some input here?
You are taking a big risk buddy. Once you get there they can pretty much do whatever they want. Including confiscate the car unless you pay huge "taxes" and import "tarrifs". The legal system is tedious and almost non-existant. An attorney service can nclude bribing customs officials for you, and they charge US dollars.

There is a reason basic goods are so expensive and scarce and that is pretty much it. Good luck.
quito

Chicago, IL

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#4
May 19, 2008
 
I have thought of similar transactions but have been very fearful of the risk. You need to have strong connections to avoid the import tax and still the risks are great. There are people who are allowed to import cars to Ecuador with no import duty.....who...diplomats, disabled, and expatriates. So there is a underground market where people lian ke the ones mentioned above sell their importation sports (coupos). E.G. A disbled person that cannot afford can import a car for someone else then sell it to them for a small profit. Diplomats can do this as well. They are usually allowed spots every 4-5 years. Its tedious and the more I looked into it the more I felt it was a risk not worth taking. The only reason I even started the investigation was because I wanted to drive from the US to Ecuador (ship from panama to colombia).
pacific_waters

Chandler, AZ

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#5
Jun 24, 2008
 
Only cars no older than one year can be imported. An Ecuadorian non-profit can import cars older than one year. If you need and attorney let me know and I'll put in touch with one.
pacific_waters

Chandler, AZ

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#6
Jun 24, 2008
 
oops, the car must be brand new.
andeanfx

Glendive, MT

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#7
Jul 10, 2008
 
What is the definition of an expatriate? It must mean someone who is expatriating from his own country to Ecuador but does it require permanent residency or ?????
Beverley-jain Simone

Guayaquil, Ecuador

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#8
Jul 15, 2008
 
Can anyone advise me please? I'm British living in Ecuador & want to bring my car over here. It is Sept 2006 registered. Can I bring it over? if so what will the tax/duty be?

Since: Jul 08

Cuenca, Ecuador

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#9
Jul 28, 2008
 
Beverley...the short answer is no. It is illegal to import used cars into Ecuador. As someone wrote, they must be of the same year you're importing and be warned...their basis of accessing duty is based on the price in Ecuador, not the US. So that may cost $15K in the US, but it's $30K in Ecuador, thus duty placed on the higher value.

Andeanfx...I think what someone meant to say was that Ecuadoreans who have been legally living abroad who choose to repatriate to Ecuador are incentivized by having the ability to import a car. Unless I'm mistaken, with them I think it can be used.
Laura

Earlton, Canada

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#10
Aug 18, 2008
 
If you are from another country and you own land in Ecuador (proof required and hard to do if you do not have a GREAT contact in Ecuador) you are allowed to bring in one vehicle every so many years. I will be looking into it in the next year. Not sure if new or older yet.
Franc

Troy, MI

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#11
Sep 5, 2008
 
Hi, My name is Francisco and I live in Atlanta, Ga and I have a cousing that is a Diplomat in Quito and I am thinking and send new or used motorcycles to Ecuador but I am looking for someone with more experience on exporting goods.
Regards,
Patricio

Corona, CA

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#12
Sep 6, 2008
 
There is big reason as to why car prices in Ecuador are astronomical. The cost of placing a car in the streets of Ecuador is simply to high to make a decent profit if that is your intent. For instance, I was considering exporting a Jeep Wrangler that in Ecuador fetches, yes it is true, over FIFTY THOUSAND dollars. So I thought "great I am going o make a killing". But once I started to add up the cost of transportation ($2,650), custom duties, 65% of the sales price in Ecuador, etc. I would hardly make four to eight thousand dollars. An average of about 14% net profit. Perhaps to much risk and work for that kind of money. Now, if you are importing for your own use, well, that is another story my friend. Then perhaps all the trouble is worth it. Good luck.
james

Quito, Ecuador

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#13
Sep 8, 2008
 

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I bought my new suv here in Ecuador. Had to pay a higher price,but have warranty and good service and it helps put the money into the local economy. I don't think it would be worth the trouble to import on your own. Very little savings in the end.
Milton

Philadelphia, PA

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#14
Jan 28, 2009
 
quito wrote:
I have thought of similar transactions but have been very fearful of the risk. You need to have strong connections to avoid the import tax and still the risks are great. There are people who are allowed to import cars to Ecuador with no import duty.....who...diplomats, disabled, and expatriates. So there is a underground market where people lian ke the ones mentioned above sell their importation sports (coupos). E.G. A disbled person that cannot afford can import a car for someone else then sell it to them for a small profit. Diplomats can do this as well. They are usually allowed spots every 4-5 years. Its tedious and the more I looked into it the more I felt it was a risk not worth taking. The only reason I even started the investigation was because I wanted to drive from the US to Ecuador (ship from panama to colombia).
I am planning to drive from NY to Ecuador, then try to register the car in Ecuador, what is your input on this?
Sr Pilsener

United States

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#15
Jan 29, 2009
 

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Milton wrote:
<quoted text>
I am planning to drive from NY to Ecuador, then try to register the car in Ecuador, what is your input on this?
I'd say your repairs will cost more than shipping & duties, but it sounds fun. Watch your back in Mexico and Colombia.
Adam

Quito, Ecuador

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#16
Feb 13, 2009
 
Importing a car to Ecuador is just not worth it. With new legislations not only is it damned near impossible but the import taxes are huge. I came here from the UK and the new car prices here are much lower but second user vehicles are ridiculously expensive (20 year old Peugeot -$8,000).

I looked at importing because most of the supposed 4x4's here are actually only 4x2 - useless for the area I live in now. Most 4x4's are still expensive here compared to the US and you have to be careful how you pick an old car. Having said that, you get good warranties on new vehicles and servicing is generally cheap by the official dealerships here.

If you are driving from the US to Ecuador watching your back in Mexico and Guatemala is an understatement. Colombia is not so bad at the moment (avoid central Bogata!) and I would drive El Salvador instead of Honduras. In Honduras if you're driving anything other than a 40 year old VW Beetle you'll need some kind of protection. Two of my friends (Ecuadorian) live in the roughest part of Quito now and drove LA to Lima. Apart from the US bit they said they would get a ship to Panama next time and miss most of Central America out because of the dangers. Oh, and one of them ended up in jail in Mexico for three nights with no reason and no apologies from the police either.
Cheechako

Manta, Ecuador

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#17
Feb 25, 2009
 
I know of several people that bring their car into Ecuador by driving it in and then they just don't register it. They are from Germany and I suppose that the tags are not understandable to the police here...No problem with them...
Cheechako

Manta, Ecuador

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#18
Feb 25, 2009
 
Is it true that the lady that runs the Ecuador Expat forum was thrown out of Panama???
james

Quito, Ecuador

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#19
Feb 25, 2009
 

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Cheechako wrote:
I know of several people that bring their car into Ecuador by driving it in and then they just don't register it. They are from Germany and I suppose that the tags are not understandable to the police here...No problem with them...
I get checked often all over the country and always have to show valid drivers license and registration. I sure wouldn't take the chance of going to jail and tie up my car in a policia national impound lot for weeks or months until I got through the legal system but to each his own.
Johan

Netherlands

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#20
Feb 27, 2009
 
Has anyone experiance with importing limousines?

Can buy cheap limo's in Europe but also in the USA and transport them also cheap to Guayaquil.
All limousines are between 5 and 10 years old but in excellent shape with between 50.000 and 100.000 KM and looking brandnew.
Cannot find limo services in Guayaquil and have
some investors interested to participate.
Will go in july to Ecuador to work out this plan.
Like to start with 5-8 limos and some collectors
items oldtimers like Cadilac, Rolls Royce, Bentley
and others.
All cars to be used for promotions, gala's, weddings, VIP-transportations etc etc.
Have already experience in this business in Europe
and think this is a good market in Ecuador and
expand later the service with armoured cars like
Chevrolet Suburban.
These limousines and armoured cars are new about
USD 100.000,- and based on these amounts it is
hardly possible to be profitable which is different when you can buy these cars for between
USD 15.000,- and USD 30.000,- because you need
several of these cars to start such a business.
Has anyone experience or advises for me??
Have also some people in Guayaquil working on this incl. an attorney within the family.
If i have the green light i can ship several limo's within a month as we have at this moment 21 limo's in stock somewhere in Europe.
All help and advises are welcome.

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