Car imports pay
Cars privately imported from Japan .are being sold at a Christchurch sales yard for double what it cost to land them jn New Zealand. Some ; Mazda RX7s which have:been bought oh organised tours *;for between ~$12,000. and $15,000 — which includes duty, GST; purchase price, and shiooine — are being sold at Magnum Motors for up to $25,000. ; Magnum’s owner, Mr Garry Cliff, said the practice was legal and was common in Asian countries. Cars had to be sold through a licensed dealer and profits made on the deal were taxable, said Mr Cliff. People wanting to sell the cars through the firm would pay a commission. Magnum Motors had linked with Ann Cunningham Travel to provide organised car-buying trips since last October and so far about 140 people had booked. ? ' An agent would be stationed in Japan, said Mr Cliff.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19870204.2.12
Bibliographic details
Press, 4 February 1987, Page 1
Word Count
142Car imports pay Press, 4 February 1987, Page 1
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Copyright in all Footrot Flats cartoons is owned by Diogenes Designs Ltd. The National Library has been granted permission to digitise these cartoons and make them available online as part of this digitised version of the Press. You can search, browse, and print Footrot Flats cartoons for research and personal study only. Permission must be obtained from Diogenes Designs Ltd for any other use.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in