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Making Money Selling Your Car In China

Discussion in 'Making Money' started by RedStain, Jun 4, 2013.

  1. RedStain

    RedStain Regular Member

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    A work friend of mine recently took a business trip to China. Here in the US he drives an Infiniti G37 and when some of the Chinese natives asked what he drove and he told them, they pretty much fell head over heals. Apparently in China that car is worth substantially more then it is in the US. Here it costs about $60k but supposedly it is worth substantially more in China. I was told $7m but im thinking maybe there was some miscommunication and it is more like $700k. Maybe some chinese people in this forum can correct me on this. My point being that it is still substantially more then it is worth here.

    Now I know nothing of Chinese laws on transporting and selling cars there that were purchased in the US, but my thinking is that there must be some way to move there and transport your car, even if it takes years to do so, then sell your car and get fricking rich. Even worst case scenario I imagine it may take 3-4 years (again with no knowledge of these processes) to fully move there and be able to sell your car. But $700k in 3-4 years isnt half bad for not even working.. Purchase 2 in the US before moving and you double that.

    Im sure i am not the first person to think of this and China may have some sort of laws to prevent this but what if...

    Anyone have some further knowledge to confirm or deny that this is possible?
     
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  2. tompots

    tompots Elite Member Premium Member

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    That would be really nice, but there has to be some laws from stopping people from doing that, I would assume so, or everyone would be doing it, or maybe you just let the cat out of the bag. You will just have to try it and see what happens.
     
  3. Duffers5000

    Duffers5000 Elite Member

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    Import taxes are prohibitive. Many popular European cars such as VW manufacture in china but bringing a car will cost a fortune.
     
  4. azy141

    azy141 Junior Member

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    it was probably 700000 chinese yuan which is $74K
     
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  5. dotcomdesigns

    dotcomdesigns Power Member

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    Exactly. Even in China, I doubt there are many willing to buy a car for $700k lol If they do, they'll have it stolen to order.

    OP - don't forget to say that you'll only accept payment by Western Union.
     
  6. RedStain

    RedStain Regular Member

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    No I confirmed that it was in fact USD. I was told it was about 45 million CNY which converts to approx. $7m USD
     
  7. W9go

    W9go Jr. VIP Jr. VIP Premium Member

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    what is 7m USD ....... you like tell us 7 million usD for a car ???? in china ???
     
  8. Panther28

    Panther28 Elite Member

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    Unless you can actually afford to do this next week, you shouldn't care.
     
  9. Duffers5000

    Duffers5000 Elite Member

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    Rolls Royces biggest overseas Market is china. Where they sell Phantoms for the chinese equivalent of $500.000

    Infiniti G37 is only an old Nissan with a fancy dress on. Most Japanese manufacturers already have licensing agreements in place with chinese companies so I would be surprises if the same car is already available locally as a chery or great wall etc.
     
    Last edited: Jun 4, 2013
  10. RedStain

    RedStain Regular Member

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    :gives:
     
  11. l7ucid

    l7ucid Junior Member

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    $7m lol. if only life was that easy..
     
  12. Duffers5000

    Duffers5000 Elite Member

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    Last edited: Jun 4, 2013
  13. Roparadise

    Roparadise BANNED BANNED

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    The FX50 is about $190,000.the cheapest M25L is $71,000. And the G37 starts at $80,000.
     
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    Last edited: Jun 4, 2013
  14. shellhackx

    shellhackx Regular Member

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    ROFL common that car would not sell for 7m or 700k for that matter ha
     
  15. terrycody

    terrycody Senior Member

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    Chinese here!

    yes, dude, u are not the first one thinking this, but i think the barrier is hard to break due to many factors!!

    BTW,
    Infiniti series 600000¥(china yuan) ≈ $100k dollars

    if this is profitable, i think someone already doing this well(like smuggle)
     
  16. mickyfu

    mickyfu Jr. VIP Jr. VIP Premium Member

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  17. gilder

    gilder Regular Member

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    how much is my 97 chevy lumina looking like over there?
     
  18. BIGBIGBIGMamas

    BIGBIGBIGMamas Power Member

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    Lol! Exactly!