Just a day ago, the Kenya Revenue Authority announced that, effective July 1, the Authority would implement the new Current Retail Selling Price (CRSP) schedule, changing how customs duty on imported second-hand cars is calculated.
The CRSP is the official price that the KRA uses to calculate taxes on imported used cars. It establishes official retail prices for vehicles, which form the basis for import tax calculations.
Instead of using a fixed retail price, the KRA will now base taxes on the actual price paid for the vehicle, in a move they argue would make valuations more accurate and fair.
In light of the new rates, Kenyans.co.ke brings you a breakdown of the ten best cars to buy based on their low prices.
Starting off the list is the Toyota C+Walk T model, which is priced at Ksh544,402. Another version of the model is next, coming in at a price of Ksh578,216. The third car is the Volkswagen New Beetle at Ksh698,898.
Fourth is the Toyota C+Walk S at a price of Ksh776,180. Another car is the FAW CA1024V Mini truck that is priced at Ksh840,000. Sixth on the list is the Renault Twingo Zen hatchback at Ksh913,289.
Other models are the Peugeot 208 Tech Pack Edition hatchback priced at Ksh1,107,943. The FAW CA6371 van also makes the list at a price of Ksh1,125,000. The second Peugeot on the list is the Crosscity hatchback that is priced at Ksh1,203,336.
The list is closed off by the Suzuki Alto VP at Ksh1,207,236, a commonly used car on Kenyan roads.
Concurrently, in terms of the cheapest cars to buy based on those most commonly used on Kenyan roads, the top ten cars are all Toyota models. Models include the Passo, Probox, Passo Moda, Corolla Axio, and the Vitz.
The price ranges for the vehicles are Ksh2,253,917 for the cheapest (Passo) to Ksh3,251,359 for the most expensive (Vitz).
On the flip side, the CRSPs released by KRA also highlighted the top ten most expensive cars to buy. The cars are all high-end luxury vehicles, which are rarely seen on Kenyan roads.
At the top of the list is the Ferrari 488 Pista Spider that retails at Ksh423,928,000. It is followed by the 488 Pista, which is priced at Ksh294,016,000. Another car is the Brabus 900 XLP that should retail at Ksh271,393,400. Other Ferrari models such as the Superfast, Spider and Stradale also make up the list. The 'cheapest' on the list is the Ferrari 488 Spider at Ksh174,238,400.
But in terms of the Kenyan context, the most expensive vehicles amongst the commonly seen models on Kenyan roads mostly comprise Toyotas, with the sole exception being a Volvo.
The most expensive vehicle on this list is the Toyota Land Cruiser 250 ZX First Edition, which should retail at Ksh21,390,100. It is followed by the Toyota Land Cruiser GR Sport at Ksh21,291,610. The next Toyota is the Land Cruiser 200 VXR 1VD at Ksh20,160,000.
On the lower end, the ‘cheapest’ vehicles are the Volvo V90 at Ksh15,379,570, the Toyota Land Cruiser 70 AX at Ksh14,593,730 and the Toyota Land Cruiser ZX at Ksh13,770,030.
After the new CRSP rates, Kenyans reacted to the development, voicing their disappointment with some warning of higher prices for cars.
