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Doing the math... - Click HERE for Original Thread

ehos
I want to bid on a car. My max bid price is 250,000 Yen (lets call it 3000 Cad).

Cost of car $3000
Plus exporter fee of $1300
Shipping of $700
Importconcern fee of $800 (right?)

Total is $5800 correct?

Did I miss anything?

mx73someday
quote:
Originally posted by ehos
I want to bid on a car. My max bid price is 250,000 Yen (lets call it 3000 Cad).

Cost of car $3000
Plus exporter fee of $1300
Shipping of $700
Importconcern fee of $800 (right?)

Total is $5800 correct?

Did I miss anything?



We will use JPY --> CAD at 0.0112.

JPY250,000: $2800
Export fees/transportation/ocean freight: $2240
6.1% Duty/ AC Tax: $271
GST: $203
Brokerage: $300 (Worst Case Scenario, can be as little as $100)
Port Fees: $250 (Worst Case Scenario, can be as little as $50)
Service Fee: $800
SUBTOTAL: $6864
GST: $480.48

GRAND TOTAL: $7344.48

redbaron303
Shakes head at Christian's stupidity :blink:

StraightSix
^ huh? :blink:

youngbex
quote:
Originally posted by redbaron303
Shakes head at Christian's stupidity :blink:


:dunno: :confused:

ColinSiR
im guessing eho's name is christian.
and redbaron likes to call people stupid

ehos
My name isn't Christian.

I just got a quote from Monky's (importer in Japan) for a GtiR and they said 350,000 Yen for Car, Insurance, freight, and their costs. (Includes storage).

That comes to $3900 to Vancouver. I'm just curious where the other almost $3000 comes from?

Export fees/transportation/ocean freight: $2240

$2240? It says $700 for transport on your website, or did I misread that? Why is this so high??

I don't mind paying the $800 for your fee, but what do I get for this money? What service is being provided for this $800?

ehos
quote:
Originally posted by mx73someday
We will use JPY --> CAD at 0.0112.

JPY250,000: $2800
Export fees/transportation/ocean freight: $2240
6.1% Duty/ AC Tax: $271
GST: $203
Brokerage: $300 (Worst Case Scenario, can be as little as $100)
Port Fees: $250 (Worst Case Scenario, can be as little as $50)
Service Fee: $800
SUBTOTAL: $6864
GST: $480.48

GRAND TOTAL: $7344.48



Wait, why the $480.48 GST charge?

Why would there be GST on GST? AND on the cost of the car? That's already paid for at the border.

The GST should only be on your Service fee, Port Fee, Brokerage Fee = 1350 + 7% = $94.50

redbaron303
GST is charged on the price of the car.

You are buying the service of importing, but you are also buying the car off Import Concern. You get charged gst on their total selling price even thoug hthey only make ~$800 off each car.

Christian is ex-business partner who currently runs Import Concern. I shake my head at him b/c no self-respecting business person gives away their trade secrets, nor divulges a break down of their costs on a product... when was the last time you went to any other retail establishment & asked them for a break down of all their costs to make up the sticker price and they gave it to you???? It's a simple business thing. Some people have good business sense & some don't.

ColinSiR - there is a major difference in calling someone stupid and calling their actions stupid! Calling their actions stupid shows they may have had a brain fart, a mental lapse, etc and have done something that isn't to bright.... Calling them stupid means you're calling down their intelligence on all grounds, not just the action in discussion --- so in the future please don't incorrectly decifer what I have to say - there is no reading between the lines needed.

StraightSix
Really can't say I agree with you here redbaron. If it were a car they had bought, imported, and were reselling, you might have a point. The car would sell for market price like any other car on the market in Canada. But in this case, the customer knows ahead of time that all IC is making is their standard fee. That's how they do business, that's how j-spec do business, it's standard procedure. So why would they not tell the customer what they're paying for? Why would they hide the figures? On the contrary, listing everything that the customer pays for is good practice, and helps to establish that they are transparent and trustworthy.

ehos
I think it's great that they disclose thier prices. I just want to be clear what the charges actually are.

I will GLADLY pay $800 to Import concern. Especially if they are upfront with costs etc.

I just want to be clear about the GST, Export fees etc. GST is already calculated on the price of the car (and paid at the 'border'), so why is it all totalled up and GST added again? Just curious.

Also, why is the export fee 2400? It says 700 for shipping on the import concern website.

StraightSix
Export fees include FOB costs in Japan - deregistration, in-Japan shipping if needed, exporter's fees, and other stuff. It adds up.

mx73someday
quote:
Originally posted by ehos
My name isn't Christian.

I just got a quote from Monky's (importer in Japan) for a GtiR and they said 350,000 Yen for Car, Insurance, freight, and their costs. (Includes storage).

That comes to $3900 to Vancouver. I'm just curious where the other almost $3000 comes from?

Export fees/transportation/ocean freight: $2240

$2240? It says $700 for transport on your website, or did I misread that? Why is this so high??

I don't mind paying the $800 for your fee, but what do I get for this money? What service is being provided for this $800?



I'll start by saying that car cost is different than an FOB price an exporter gives you. FOB includes things like transportation within Japan, the exporters fees and mark-up, customs and export fees. So when a company like Monky's gives you an FOB price, the "Export fees/transportation/ocean freight" cost is reduced to just "ocean freight". And the ocean freight price on the website is a little out-of-date, rates have increased from $45USD/m3 to $70USD/m3 (in September), but luckily the USD has lost value.

For "Export fees/transportation/ocean freight", I should've said that this was a range, for inexpensive vehicles, it can be closer to JPY160,000, for really expensive vehicles it can be as much as JPY300,000. So the number I submitted is an average cost for a moderately expensive vehicle that isn't bought very far from our exporter's yard. This includes again, transportation within Japan (from the seller to the exporter, from the exporter to the port), it includes the exporter's markup/commission, it includes customs or export fees and Japanese sales tax (not every exporter charges this). There are some things I don't wish to break down into more detail, because I consider these the "trade secrets".

And a note on GST charged on top of GST. Everything you buy from a business that was bought wholesale from another business has this kind of GST. GST gets passed on until a consumer buys the goods. The vehicles are imported under our company, therefore we pay Customs GST, then when we make you an invoice for all of the expenses, you sadly have to pay GST on all the expenses. Consult an accountant or GST expert, we have and there is no way around it.

For $800, we make arrangements to buy the vehicle (buying from auction can require alot of work, so you get your money's worth here), for broker stock, we can attempt to get a discount on the vehicle which we pass on to you. We handle getting the shipment cleared by Canada Customs as quickly as possible to save you port expenses (and to get you your car faster than an amateur importer would). And finally we arrange the shipment of the vehicle within Canada. Any savings that we can earn with our expertise in importing is passed on to our customers and we take only the service fee as our commission. An amateur importer or a DIY-er may take longer to import the vehicle and may incur just as much expense as our service fee is.

mx73someday
I'm not concerned about disclosing our costs on importing. I'd rather disclose it publically from time-to-time than tell each new prospective customer the breakdown in private. Customers from provinces that charge PST NEED to know the breakdown so they don't end up paying PST on the entire importation expense list.

Straightsix is right, it helps show transparency and establishes trust. We pride ourselves to be accountable for the expenses we incur and are always especially proud to save you money on quoted importations, instead of pocketing it and saying it was spent.

And another note on the service fee, if you don't think it's fair, then tell us.

redbaron303
I'm glad your time is only worth $800...... talk about devaluing yourself & work. That is a mute point, it's their choice to decide how much to charge!

As for continuing about disclosing pricing information --- again I say talk to any other established car sales facility and/or major retailer and you will find they'll more likely tell you off than break down the cost of their goods forsale. If IC was just brokering a car for you, you should be getting charged $800.00 + gst for that service; but you are buying a car off Import Concern and it soo happens to be that their markup starts @ $800, so feasibly b/c this is how they do business they should not be disclosing any information to you but the final billing price. I can understand disclosing this sort of information when you're buying the brokering service, but that's it.

TyPhOOnSliPPerY
pre-imported cars only include the brokerage fee but cars fully imported and inspected cost more as it is more of Import Concern time and risk/effort and usualyl a better car so I think how they charge is fair .....as cheap as it might be it looks better for the customer

T-R
:eek:

ehos
Thank you for the breakdown!

I appreciate the time you put into the explanation! :)

youngbex
hey chris, you have a import business of your own, and a forum of your own, how bout you keep it over there? instead of ruffling peoples feathers around here, but i guess you msut get bored cause your forum appears to be pretty dead, and EVERYONE that i know and talked to about there cars that they have gotten from import concern have loved there cars and would recomend them to anyone, as would I. It just seems shady that you come here and try and make import cocern sound bad or something, but obviously you are just hurting yourself cause you obviously arent busy with your company and it goes to show it here and your sense of character........

ehos
Exactly.

I mean if you're putting up money up front, for an unseen company, on a car undergoing a LONG journey, integrity is a must.

This thread shows the integrity of Import Concern and I've heard only good things about them. I posted an honest question about pricing, and got an honest response.

The responses from 4Kruzn show his level of integrity.

Sorry man, I'm not interested in your Eunos anymore. That's great you're such a GREAT businessman, but to me, you come off as a jackass.

Don't call people stupid, especially when your business depends on goodwill. THAT is stupid.

ehos
quote:
Originally posted by redbaron303
I'm glad your time is only worth $800...... talk about devaluing yourself & work. That is a mute point, it's their choice to decide how much to charge!

Chris K, formerly of Import Concern Inc.



What's a 'mute' point? Do you mean MOOT?

Also, why are you riding Import Concern's coattails? If you're such a great 'businessman' as you say you are, why are you using Import Concern in your promotion of your own business?

Seems pretty cheesy to me. Come here and slam IC then at the same time use their name to promote your own?

youngbex
quote:
Originally posted by ehos
What's a 'mute' point? Do you mean MOOT?

Also, why are you riding Import Concern's coattails? If you're such a great 'businessman' as you say you are, why are you using Import Concern in your promotion of your own business?

Seems pretty cheesy to me. Come here and slam IC then at the same time use their name to promote your own?



totally agree, and i dont see christian going over to your forum, why? cause he doesnt have to, import concern has an AWESOME rep. and is a great company.

TrevorK
quote:
Originally posted by youngbex
and EVERYONE that i know and talked to about there cars that they have gotten from import concern have loved there cars and would recomend them to anyone, as would I.


I'm not taking sides - just responding to your point.

There have been several posts on this board of users NOT liking the cars and the condition of them that they received from Import Concern.

ndawg
whos your exporter ?

MJJ
From the way redbaron303 spoke on this topic, I don't think I would want to buy a car from him. I prefer honesty and openess from a business and it appears that IC (Christian) has exactly that.

ColinSiR
redbaron is teh gay!

Fergizzo
I agree with most of you guys. I mean sure if your a multi billion dollar business you dont really have to justify all of your fees etc.. to each customer, cause frankly one less customer is not a big deal when you'll have 2 more walk in the door 10 seconds later.

Also the fact that some of the people who use importconcern live on the otherside of the country like me. Its not like you can go down to their place of business and meet people in person and such. So id agree that with the nature and size of importconcern's business they are taking the best approach to explanation of everything.

Although i am by no means a businessman and could be wrong, but thats just my opinion.

redbaron303
quote:
Originally posted by MJJ
From the way redbaron303 spoke on this topic, I don't think I would want to buy a car from him. I prefer honesty and openess from a business and it appears that IC (Christian) has exactly that.


I don't have anything to hide. Since my company's name has been brought up now by you kind folks - we out of province our cars in Alberta and have our stock here available for you to view before you buy so you don't have to guess in what you're getting but instead know exactly what you're getting because you can put your hands on it directly and check it out, inspect it, etc before you buy.

On a personal note - I don't believe it is good business ethic to give away your sources, your prices, etc. Should someone find out, so be it... but if you give everything away including your time what's the point of being in business.


As for me using Import Concern to advertise my own business, I'll have you notice that my forum signature is deleted in my posts and there is no mention of the company I work for anywhere in this thread. In addition to that you people should note that just because someone works with a company does not mean their personal opinion is that of the entire company's and that company's other representatives.



Please note that ANYTHING said here in this thread is MY PERSONAL OPINION, not my employeers opinion!



quote:
Also the fact that some of the people who use importconcern live on the otherside of the country like me. Its not like you can go down to their place of business and meet people in person and such. So id agree that with the nature and size of importconcern's business they are taking the best approach to explanation of everything.



COuld you elaborate on this? The best approach IMO, is properlly representing the product they are selling and ensuring you get what you're buying by standing behind it. I don't see how disclosing every last aspect of their pricing breakdown works well for them ---- I see how it works well for the customer.

youngbex
quote:
Originally posted by redbaron303
I don't have anything to hide. Since my company's name has been brought up now by you kind folks - we out of province our cars in Alberta and have our stock here available for you to view before you buy so you don't have to guess in what you're getting but instead know exactly what you're getting because you can put your hands on it directly and check it out, inspect it, etc before you buy.

On a personal note - I don't believe it is good business ethic to give away your sources, your prices, etc. Should someone find out, so be it... but if you give everything away including your time what's the point of being in business.


As for me using Import Concern to advertise my own business, I'll have you notice that my forum signature is deleted in my posts and there is no mention of the company I work for anywhere in this thread. In addition to that you people should note that just because someone works with a company does not mean their personal opinion is that of the entire company's and that company's other representatives.



Please note that ANYTHING said here in this thread is MY PERSONAL OPINION, not my employeers opinion!





COuld you elaborate on this? The best approach IMO, is properlly representing the product they are selling and ensuring you get what you're buying by standing behind it. I don't see how disclosing every last aspect of their pricing breakdown works well for them ---- I see how it works well for the customer.



how bout you keep your personal opinion to your own forum?

ehos
quote:
Originally posted by redbaron303

As for me using Import Concern to advertise my own business, I'll have you notice that my forum signature is deleted in my posts and there is no mention of the company I work for anywhere in this thread.




Bold face lies. You recently deleted/edited your signature. Fess up. I'm sure everyone's seen it in this thread and forum, that's where I got the quote from. How can you lie like that?

I quoted your Sig. 'Chris K, formerly of Import Concern Inc.'

Do you think that just came to me in my dream? It was in a message in this thread.

redbaron303
Ehos, you are right it was there before I posted what you quoted.

It shouldn't have been attached to that post, I must not have unchecked teh "show signature" bit. My comments were only to be my own and have no correlation to my other company whatsoever. I appologize for that and as soon as I realized I had that little bit there I got rid of it out of respect for IC. End of story.

As for you YoungBex. Do not ever tell me when or where to post! Free speech is still allowed and if I want to post my personal opinion somewhere I very much will! Unlike IC I don't *have* to do this to make ends meet, I do it as a car enthusiast and frankly there are certain sorts of people I don't deal with, I leave that to them! Besides you don't know the internal workings of that company...

mx73someday
Ok I think its time to shoot out a warning to you Chris, just stop posting in this forum. You may have freedom of speech, but we pay sponsorship on this sponsor forum and we can choose who we want posting in here and I'm getting really tired of the conflicts. I don't tell 4kruzn how to run his business, so don't tell me how to run mine. If you post again in here, I'll ask a moderator to ban you from the IC sponsor forum.

Major_Boost
quote:
Originally posted by mx73someday
Ok I think its time to shoot out a warning to you Chris, just stop posting in this forum. You may have freedom of speech, but we pay sponsorship on this sponsor forum and we can choose who we want posting in here and I'm getting really tired of the conflicts. I don't tell 4kruzn how to run his business, so don't tell me how to run mine. If you post again in here, I'll ask a moderator to ban you from the IC sponsor forum.

Basically if he post again he is banned... SO he is already banned since the moment he post something he'll be bann :blink:




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