Unknown Es300
11-20-01, 10:59 AM
#16
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Location: Alabama
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The reason why ou can pick up a Windom for $1400 is becuase they have a thing called a 'Shaken'
All new cars are sold with a three-year "shaken" (warrant of fitness) which must be renewed after expiration at an average cost of almost a £1000 ($1500) . A renewed "shaken" is then good for 2 years, but must be renewed every two years for the life of the vehicle. Consequently, most vehicles available on the used market are 3,5,7 and 9 years old as they are usually traded in or sold by the user when the "shaken" expires. Purchasing vehicles with 6 months or more valid "shaken" increases the value of the vehicle domestically and generally is more expensive than units with no "shaken" left.
Consumers in Japan must provide proof of parking space for each vehicle when registering new and used cars. This is mandatory and strictly regulated to the extent that in most areas police will physically measure the parking space to ensure it is appropriately sized for the intended vehicle. Due to acute land shortages in Japan, private parking costs anywhere from £60 to £300 a month for those who don't have space at their homes (the majority don't!). These types of costs make two-car families the exception and severely limit the number of cars on the road.
All these factors and others (including strict taxes) make new car purchases very attractive to consumers and contribute to sharp depreciation rates on used cars domestically. It is this very steep depreciation, which make used cars in Japan inexpensive enough to be viable for export throughout the world.
My Windom was worth £6500 on a 92 model thats around $9000 to $10,000 in the Uk even though it was only probably bought for $2000 in Japan. But thats what makes them worthwile importing becuase as soon as the vehilcles has had its modifications fr the UK market there is still quite alot of profit fo the dealer. Na dof course the new owner gets a fully loaded vehicle for the same price as a standard basic UK spec model.
But we all know the story of how I got my Windom for $15
The windom is very rare here and I am glad that in the US the ES300 model exsists so I can find out information on my vehicle.
Thanks Club Lexus!!!
Steve
All new cars are sold with a three-year "shaken" (warrant of fitness) which must be renewed after expiration at an average cost of almost a £1000 ($1500) . A renewed "shaken" is then good for 2 years, but must be renewed every two years for the life of the vehicle. Consequently, most vehicles available on the used market are 3,5,7 and 9 years old as they are usually traded in or sold by the user when the "shaken" expires. Purchasing vehicles with 6 months or more valid "shaken" increases the value of the vehicle domestically and generally is more expensive than units with no "shaken" left.
Consumers in Japan must provide proof of parking space for each vehicle when registering new and used cars. This is mandatory and strictly regulated to the extent that in most areas police will physically measure the parking space to ensure it is appropriately sized for the intended vehicle. Due to acute land shortages in Japan, private parking costs anywhere from £60 to £300 a month for those who don't have space at their homes (the majority don't!). These types of costs make two-car families the exception and severely limit the number of cars on the road.
All these factors and others (including strict taxes) make new car purchases very attractive to consumers and contribute to sharp depreciation rates on used cars domestically. It is this very steep depreciation, which make used cars in Japan inexpensive enough to be viable for export throughout the world.
My Windom was worth £6500 on a 92 model thats around $9000 to $10,000 in the Uk even though it was only probably bought for $2000 in Japan. But thats what makes them worthwile importing becuase as soon as the vehilcles has had its modifications fr the UK market there is still quite alot of profit fo the dealer. Na dof course the new owner gets a fully loaded vehicle for the same price as a standard basic UK spec model.
But we all know the story of how I got my Windom for $15
The windom is very rare here and I am glad that in the US the ES300 model exsists so I can find out information on my vehicle.
Thanks Club Lexus!!!
Steve
Last edited by Steve Barnes; 11-20-01 at 11:01 AM.
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