n addition, iVehicle Permit Holder Car Price.
Sri Lanka Government executives are offered with brand new vehicles at half the price.
Further more, these vehicles under permit can’t be transferred or sold. It is a crime under the existing Sri Lanka law. In addition permit holders must keep watching Newspapers and TV’s to find special offers and concessions. They used to come from the car importer, Banking sector and popular leasing companies. Some time you may get good offers from them for your vehicle permit from them.
As of 2021 Sri Lanka Government officials are still sticking to the no vehicle import policy and it will be in place for two more years. Additionally, it means it will be in place till the year 2023. They are saying that there are enough vehicles in Sri Lanka.
Mean while Sri Lanka Central Bank new Governor had stated this week, that if the foreign currency flow is good in the coming year. In addition, the vehicle import restrictions can be removed soon while. Also the restricted imports too can be revised in the future.
Corona and Vehicle imports in Sri Lanka.
However, this year, just as Corona virus took hold of Sri Lanka; the government imposed a complete ban on Motor Vehicle imports. The government cited 2020 foreign currency out-flows as the primary reason for this decision. With this new rule, vehicles with already established letters of credit have not been permitted into the country. The impact of this decision to the Sri Lankan economy, vehicle importers, and other related industries, has not been favorable, according to some. Entrepreneurs who have been in the motor vehicle industry for generations, and those providing support services for motor vehicles have been adversely affected. We spoke to The Vehicle Importers’ Association of Sri Lanka (VIASL). By Chaturanga Samarawickrama Read more Dailymirror.lk
Permit holders can buy vehicles already imported at reduced prices: Finance Ministry
However, the Finance Ministry today said vehicle permit holders who haven’t been unable to import vehicles due to import restrictions, can purchase unregistered vehicles already imported to the country from registered vehicle importers/sellers at market price minus the tax concession entitled for such permits. Read more.
Steps to issue duty free vehicle permits to 79 Members of Parliament soon. Read more.
Vehicle permit holders.
Above all vehicle permit holders can do all the necessary paper works to buy their cars through reputed banks in Sri Lanka. Similarly through the popular car importing companies. Commercial Banks used to offer leasing facilities and other financing facilitates to the customers. Most of the Sri Lanka people first prefer to buy a Japanese sedan model car or Japanese Hybrid car. In conclusion this is to show their status and power or to save fuel bill with the Hybrid model. More over, there are thousands of Wagon R Hybrid models are on the roads of Sri Lanka. Because these kinds of model have good second hand re-sale value. Overall their second choice is, cars made in Europe and then USA that is followed by the Indian make cars. Further more, lot of Indian cars are on the road due to their lower price and spare parts availability.
In addition, the permit holders must take care to buy proper Insurance policies and coverage for their new vehicles that they are buying under this scheme.
Vehicle Permit Holder Car Prices. (Import Ban applies on vehicles)
Mitsubishi Triton GLX L200 Rs 61 lakhs
Range Rover Evoque (Land Rover) Rs 15.0Mn
2020 Toyota CH-R Rs 5,200,000