Posted by: Martin | January 21, 2012

A Gamble

Ok, I have bought cars #2 and #3, Toyotas of year 2000 and 2001.  Thought I might as well try to get a few ones in before the import restrictions take effect.

It’s a bit of a gamble, but in a worst case scenario the import restrictions takes effect while the cars are en route, and they get blocked at port.  In that case I’ll lose the purchase amount and the transport, which would suck, but I think it’s worth the risk.

In Senegal when they introduced similar restrictions and too old cars arrived, I think the owner was asked for a very high penalty fee, and if it wasn’t paid, the car would be auctioned off.  In Senegal though, there was over a year from the announcement of the restrictions to them taking effect.  Ivorian authorities are likely to move quicker.

Car #3


Responses

  1. Of course, the gamble could go the other way and you could get the cars in just before the law comes into effect and be in a protected market.

  2. Mm, that’s the idea!

  3. Black car no 1. in the background would make a great woroworo!


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