Buying a Car in Iceland
If you are planning to buy a car in Iceland, whether it is a new or used one, there are several steps you need to follow. Here is a step-by-step guide to buying a car in Iceland:
Step 1: Find a reliable dealership or seller
The first step to buying a car in Iceland is to find a reliable dealership or seller. You can start your search by browsing online car sales platforms or visiting car dealerships in person.
Step 2: Choose your car
Once you have found a dealership or seller, you need to choose the car you want to buy. Before making a decision, it is important to inspect the car thoroughly and take it for a test drive. You should also ask for the car’s history report to ensure that it has not been involved in any major accidents or has any pending fines.
Step 3: Negotiate the price
After choosing the car, you need to negotiate the price. In Iceland, it is common to negotiate the price of a car, so don’t be afraid to haggle. You can also ask for discounts or promotions offered by the dealership or seller.
Step 4: Complete the paperwork
To finalize the purchase, you need to complete the paperwork. The dealership or seller will provide you with a purchase agreement that outlines the terms of the sale. You will also need to provide identification documents such as your passport or national ID card.
Step 5: Pay the remaining balance
After completing the paperwork, you need to pay the remaining balance of the car’s price. You can do this through a bank transfer or in cash.
Step 6: Register the car
Finally, you need to register the car with the Icelandic Transport Authority within 30 days of the purchase. You will need to provide the purchase agreement, proof of payment, and proof of insurance. Once the car is registered, you will receive the license plates and registration certificate.
Foreign nationals may face additional requirements, such as obtaining an Icelandic kennitala (national identification number).
Importing a Vehicle in Iceland
If you are planning to import a vehicle to Iceland, there are several steps you need to follow. Here is a step-by-step guide to importing a vehicle to Iceland:
Step 1: Obtain the necessary documents
Before importing a vehicle to Iceland, you need to obtain the necessary documents. These include a certificate of conformity, a customs declaration form, and a vehicle registration document from the country of origin.
Step 2: Pay the import taxes
When the vehicle arrives in Iceland, you need to pay the import taxes. The amount of the taxes can vary depending on the vehicle’s age, type, and value. You can calculate the import taxes using the Icelandic Customs and Excise’s online calculator.
Step 3: Inspect the vehicle
After paying the import taxes, the vehicle will undergo an inspection by the Icelandic Transport Authority. The inspection checks the vehicle’s safety and environmental compliance. If the vehicle passes the inspection, you will receive an inspection certificate.
Step 4: Register the vehicle
Once you have the inspection certificate, you need to register the vehicle with the Icelandic Transport Authority within 30 days. You will need to provide the import documents, inspection certificate, proof of payment of the import taxes and customs broker fees, and proof of insurance. Once the vehicle is registered, you will receive the license plates and registration certificate.
It is important to note that the importation process can be complex and time-consuming, so it is recommended to hire a customs broker to handle the process.
Here are the contact details and links to relevant government departments in Iceland:
- Icelandic Transport Authority: [www.samgongustof
Selling a Car in Iceland
If you are selling a car in Iceland, there are several steps you need to follow. Here is a step-by-step guide to selling a car in Iceland:
Step 1: Obtain the necessary documents
Before selling a car, you need to obtain the necessary documents. These include the registration certificate, license plates, and proof of insurance.
Step 2: Advertise the car
To sell the car, you need to advertise it. You can do this through online car sales platforms or place a classified ad in a local newspaper.
Step 3: Negotiate the price
Once you have found a potential buyer, you need to negotiate the price. It is common to haggle over the price, so be prepared to negotiate.
Step 4: Complete the paperwork
After agreeing on the price, you need to complete the paperwork. You will need to sign a sales agreement that outlines the terms of the sale. You will also need to transfer the registration certificate and license plates to the buyer’s name.
Step 5: Receive payment
Once the paperwork is complete, you need to receive payment from the buyer. It is recommended to receive payment through a bank transfer or a certified check.
Step 6: Notify the Icelandic Transport Authority
Finally, you need to notify the Icelandic Transport Authority of the sale within 30 days. You will need to provide a copy of the sales agreement and the new owner’s information. The Icelandic Transport Authority will then update their records to reflect the change of ownership.
In conclusion, buying or importing a vehicle in Iceland can be a complex process, but by following the steps outlined above and seeking the help of professionals such as customs brokers, the process can be simplified. It is important to ensure that all necessary documents are obtained and that all taxes and fees are paid to avoid any legal issues.