Moldova used car market

Located in the southeastern Europe, Moldova is bordered on the west by Romania and on the north, south and east by Ukraine. The automotive market of the country is not efficient and competitive. The increasing vehicle prices are shifting people towards used vehicles as the later is the most practicable way to own a vehicle. To make the vehicle available to almost every section of the country, there is huge demand for used vehicles in Moldova, mainly from Japan.

moldova

Nowadays, people prefer to buy Japanese used vehicles as they get a quality vehicle at reasonable rates. Another reason for rising popularity is low cost price, around 50% less than that of new ones. Even the duties on used vehicles are less than that of on new vehicles.

Moldova allows the importation of only left-hand drive vehicles. Used vehicles above the age of 7 years are not allowed to ship in the country. There are certain rules and regulations that are necessary to follow in order to import the vehicle in a legal manner. Toyota Motors being a most trustworthy maker is the most selling brands in the country.

The car market of Moldova is very small. According to statistics, in the year 2010, there were only 550.000 light passenger vehicles in the country with 156 vehicles per 1,000 inhabitants. The slow growth of new market contributed to continued growth in the used car market. Despite the low level, the country holds the potential for large expansions in the coming years. There are huge opportunities for used vehicle exporters to invest in the Moldovan market, as the used car market in the country is growing. With the increase in demand for vehicles, there are ample chances for small and big businesses to make a fortune.

Import rules and regulations-
Japan, notably known as “the land of Rising Sun” is famous for its values of perfection and creativity. With time, Japanese vehicles have gained a lot of recognition. Along with new vehicles, used vehicles from Japan are also getting popular. If one is in the market for a used vehicle, the obvious place to go to is a Japanese used car market. Moldova, a European nation import large numbers of Japanese used vehicles, like other countries across the world. While importing a used vehicle, the importer should follow the necessary import regulations.

Left-Hand Drive vehicles:-
The country permits importation of only left-hand drive vehicles.

Restriction:-
Importation of vehicles over seven years old is prohibited. Temporary import is for one year only and must be renewed. It can be extended each year along with the Residence Permit.

Required Documents:-

  • Original Certificate of Title and Registration
  • Original Commercial/Purchase Invoice
  • Drivers License & International Insurance Policy (green card)
  • Bill of Lading
  • Proof of ownership

Import Tax Rate:-
Vehicles imported in the country are subjected to duties and taxes. Duty free import is allowed for temporary import only for one year. For temporary import of a personal automobile, the shipper must register the vehicle in the origin country and a fee of EUR 95 (approx.) is collected by the Customs office for a temporary import.
For Diplomats importing a vehicle in the country, the Accreditation Card from the Moldovan issued by Ministry of Foreign Affairs is required.

Shipping Information:-
Major port- Giurgiulesti International Free Port

Popular car models:-
Subaru Legacy B4, Honda Mobilio Spike, Nissan Elgrand, Honda Partner, Volvo v70, Toyota Succeed van, Toyota Fun cargo, Toyota Corolla Fielder, Mitsubishi I, Daihatsu Delta van