Financial Advantages
- Vehicle excise tax
- Taxable amount is only 3% of the purchase price, compared to 5% for a larger car.
- Automobile weight tax
- For a three-year period, the amount is 13,200 yen. For two years it costs 8,800 yen, which compares to the 18,900 and 12,600 yen respectively charged to larger size passenger cars. The savings are thus above 30% in both cases. This weight tax is paid after the vehicle has passed its safety inspection.
- Automobile liability insurance (compulsory insurance) premiums
- A 24-month insurance contract typically costs 18,980 yen at the time of registration, versus 22,470 yen for a larger car.
- Annual road tax, which is based on the engine's displacement size
- Optional added insurance is also much cheaper.
Read more about this topic: Kei Car
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