The Dominican equivalent to "If you have to ask, you can't afford it."I have a well to do (rich) Dominican friend who once told me, "The only people who import exotic cars are the ones who don't worry about how much it will cost"
That pretty much sums it up.
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I'm still a Porsche owner. A very rare 1992 968 cabrio. The only one in the DR. It spends most if its time in the garage being polished. But when I do take it out for a spin, you can't wipe that grin off my face for hours!
The plus side is that this car is going up in value as it's a collector's item.
The Dominican equivalent to "If you have to ask, you can't afford it."
But those vehicles are "emotional" to me. One reason I've not pulled the trigger is because I'm not sure how I could handle emotionally getting the crap beaten out of them by roads, traffic, awful drivers and lack of mechanical expertise where I lack, especially electronics.
JD, your Cherokee and Prado are excellent choices for local gearheads with few worries of destruction. Well done.
Given the limited production of the 968 (4 years) and the even lower supply of Cab's (about 25% of production), and its a first year run '92....even though the '95 is much rarer, market value depending on condition and originality would put it between 15-22k USD and the US market for them is still in an uptrend.
You have a winner for serious Porsche collectors. Now, if it was the red Turbo RS.....you could retire.
Respectfully,
Playacaribe2
Thanks CB. I see it as modifying my tastes to what make sense in this country. It's really difficult to resist the urge to grab something that doesn't fit here. I've been following 70's diesel M-B's for ages. Every time I see one that catches my eye, it's adding that 3K tax plus 1K shipping and "lord knows how much for the first plate" added to the sales price that keeps me from submitting the winning bid.
JD:
Bring it in via one of the car clubs as they qualify as antiques and/or classics. Their status won't change the shipping.....but it will change the duty significantly.
Respectfully,
Playacaribe2
.just a thought ...what about repairs and parts in the DR for a 280 MB.....Been there...was hard in my part of the usa.......That's where I got the 3K number. Anything over 30 years pays a flat tax of 3K dollars. If it receives the seal of approval from the Classic car club.
So, if I snatch a good deal on an old 280 for 5K, it's over 10K by the time I can get behind the wheel.
That's where I got the 3K number. Anything over 30 years pays a flat tax of 3K dollars. If it receives the seal of approval from the Classic car club.
So, if I snatch a good deal on an old 280 for 5K, it's over 10K by the time I can get behind the wheel.
Yes they do. Unless a classic/antique, the vehicle needs to be no older than 5 years.
http://www.dgii.gov.do/ciudadania/v...Paginas/ConsultaValoresVehiculosLivianos.aspx
Yes you can.
1. Bringing your vehicle in with a residency will get you lower taxes;
2. Returning Dominican will get you lower taxes (additional rules apply);
3. Buy an exemption from a politico.
Lots of shipping companies and even more individuals to "help" you with the process, but at the end of the day without a recognized exemption above...you will pay 18% ITBIS, 17% first placa, plus any shipping, insurance, and ancillary port costs.
Without one of the exemptions above, use a figure of 40% to 50% of dgii value....as your likely all in costs.
Respectfully,
Playacaribe2
oh what a lot of bull$$$$h!t. Any wealthy business man...is ALWAYS concerned with price and knows the value of things. I dont agree with that statement
I have a well to do (rich) Dominican friend who once told me, "The only people who import exotic cars are the ones who don't worry about how much it will cost"
That pretty much sums it up.
oh what a lot of bull$$$$h!t. Any wealthy business man...is ALWAYS concerned with price and knows the value of things. I dont agree with that statement