Another used car importer operating at the once bustling premises close to the National Railways of Zimbabwe (NRZ) station along Seke Road rued an increase in import duty for used cars, saying it had severely affected his business.
“It is now too expensive to import used cars, which were affordable to many before that. We have had to pass the costs to the clients who have been dwindling since the increased duty was effected,” said Luckmore Vangani.
The hike in import duty that was announced by the Zimbabwe Revenue Authority (ZIMRA) that is desperate to raise money for treasury came three months ago, adding to the woes of the already troubled car importers.
The increases mean that importers have to pay more than 100 percent of the vehicles’ value at the border, in addition to other costs such as Value Added Tax (VAT). “Many people who had never dreamt of owning a car got the chance to do so from us, while others imported on their own. The imported cars were affordable to many but that luxury is going away now,” added Vangani.
Informal car dealers are now resorting to hiring touts who approach prospective clients and hustle to have them look at their cars with the promise of a bargain. ∞∞∞∞∞ MORE »»»»