GTR pricing and insurance in Hong Kong

[medici78]

Just wondering if any HK GT-R owners are on this board. I may have an job opportunityin Hong Kong starting in January and wanted to know what prices GT-Rs are going for over there. (R32, R33 and R34s) Also, what is insurance like over there for a 23 year old male?

[Initial_E]

I own a R34 GTR Vspec 2 in HK. If you are 23, don't even have to think about getting the insurance for this car. All the Skyline are black listed by the insurance companies. I didn't expect that when I bought my car. I am 29 and my driving record would suppose to deserve 60% discount on the insurance. However, none of the insurance company would sell me the insurance. They said it wasn't me, it was the car. The Skyline simply had too much claims over the pass several years. I thought it was non sense. Anyways, I finally got an insurance company to sell me the insurance, but it costed me 3850 USD per year including only 40% discount instead of 60% discount.
The car itself is about the same px as the US depends on if it's a new car or old car. I got my car brand new for about 90,000USD. It's quite hard to find a used R34 GTR there. You can get a used R33 GTR for about 30,000 USD or less.

[SkylineUSA]

Hey Initial_E,

What are you some sort of Southeast Asian Drug lord, or something?

Kudos on your car, but damn that thing is expensive.

[Initial_E]

Skyline USA

I am just a business man, not a drug dealer.

[medici78]

I had no idea how much pricier the GTR's were than in other countries. Now I wouldn't feel so bad buying a Motorex car! (if I could afford $90K)How much are R32s? Is insurance a requirement in Hong Kong? If it is, I hope I can luck out and get an R33 or R32. Looks like I might have to stick to the subways and ferries

[Initial_E]

medici78

R32 would cost about 12K to 15K USD now. It's quite difficult to find a good condition one there nowaday. For the insurance, it is required. No matter what kind of Skyline you are buying....doesn't matter if it's a R32 or 33 or GTS or GTR. As long as it has the word "Skyline", they just black list it. I don't know if you have been to Hong Kong before. Just to give you an idea of what else you have to consider to own a car there. Gas price - Fill up the tank of a Skyline would be about 77 USD. Fill up a tank of the Mercedes S class would be about 128 USD. Parking - Renting a parking space to park your car would cost you at least 250 to 300USD a month depending where you want to park your car. Park your car in the public parking for movies or dinner or shopping, the average hourly rate is about 3USD per hour, but you have to pay a minimum of 2 hours. License for the Skyline - Yearly charge about 1028 USD. Also, you have to consider the maintainence etc etc etc.......If you do have a chance to work there, I will say you stay calm in the first 6 months and get used to the living standard there first cuz it's not cheap. Then you consider getting a car. When you go there, send me an email. I will see if I am there. If so, I can take your out with my car.

[R33]

I have been to HK many times on buisness and on each trip I stayed for about 10 days or so. All I can say is, and please, no offense to anybody,it's my personal opinion, that HK is a shitty place to be in! The cost of living is so high but of course the income per capita is also high and the income tax is very low. However, the things which you need to pay for are many and almost all of them bleed your pocket. If I to work there and I earn less than 1m HK$ per month, I would not even by a car let alone a Skyline.
Hell, come and work in Malaysia! The pay is not that high and the GTR, although it is expensive to buy, is really cheap to run. Fuel is about US 0.30 per liter. Insurance (comprehensive cover) is about USD900 and road tax is about USD500 per year. Parking is about USD0.30 per hour at public parking.

[medici78]

Good call, Initial_E, I think I would take it easy for awhile and stick to the Metro and the ferries. I'll just wait 'til I'm your age and buy it a new one, just like you did I've been to Hong Kong a few times, I just had no idea owning a car there could be so expensive. I know the gas prices are high. It's similar in Japan not to mention some parts of Europe. As for insurance, I would have expected it to be high, just not impossible! Of course, HK doesn't have it as bad as Singapore (150% import tax, let alone other expenses, yikes!). R33, I've never been to Malaysia, but I'd like to visit next time I'm in Asia.

[nine5dob8]

[When you go there, send me an email. I will see if I am there. If so, I can take your out with my car. [/b][/quote]


Wow, is this offer open to any of us too? If so, I may have to join my gf on her trip back to HK in October!

Was wondering, where in HK can you really stretch the legs on such a beast? I mean, are there any really long stretches of road that where you can just open it up? Just curious....

------

Peace :smoker2:

[Initial_E]

nine5dob8

There are several freeways that are long enough for you to drive above 200km/hr.

[dieselpower]

Hey Initial_E,

What are you some sort of Southeast Asian Drug lord, or something?

Kudos on your car, but damn that thing is expensive.




Initial_E, --- I have to prase you because your response is very polite and very calm , cause if this dork said this to me I would be on the FIRST Air flight to this fools house

[SkylineUSA]

Anyway,

I guess most counrties have their good points and bad. It looks like I will not be going to HK anytime soon with the price of living being that high. Heck, I thought moving to England would be bad, NOT EVEN CLOSE compared to some of you guys.

[R33]

Medici and everyone, if ever you are coming to M'sia, give me advance notice. We can go for a ride in my GTR if you want. If it coincides with my track day, hell, we can go to the track together and you can sample my grandma's driving! Just the other weekend, my friend with the TO4R GTR brought 3 fellows who flew from GB to the track. They did not want to go back!!

[SkylineUSA]

Didn't want to go back, what a bunch of wussies. Oh, I forgot they were brits, that explains it.

[R33]

And ya...Sky, England is not a bad place. Actually it is a great place to live in. You know, English breakfast, English roses, English tea, English football (that's soccer for you Yanks!) English pubs, but please, no English cars...... Ooops....actually Aston Martin looks okay!