[Wondering]

Hi there,

will move to HKG with my family in two weeks. Actually my company wants be to buy a car there. I will get 60k HKD a year for buying the car and paying tax and insurance.

Normally I am used to lease company cars which is ways more comfortable than buying them. Is there a kind of leasing system for cars in HKG too? Maybe someone can give me an advice how far I will come with my 60k HKD with a leasing contract.

In case this is not usual: any idea about the fixed costs for insurance and tax?

Last question: we are considering moving to DB but due to the fact that cars are not allowed there it might be more than tricky. Are there no parking places/houses next to DB for the residants ?

Thanks for your reply in advance!

** Wondering

[KnowItAll]

A car does not add any value if you live in DB.

However, should you choose to live in other expat areas, a car MAY be useful. Keep in mind that residential carparks go for about $3-4K/month and office carparks go for a similar if not more amount, depending on where your office is.

Budget for about $7-10K/y in insurance for a used car and $5-10K/y in licensing, maintenance etc.

An average used car, bought directly from an expat leaving Hong Kong would cost you around $60-80K (our S40 cost us around $65K with 18K Kms on it and was 4 years old when be bought it).

Car leases are not that common... possible for higher end cars, but not common for lower end cars -- $60K range.

[Wondering]

OK - thanks for the quick reply. Any advice of how to find leaving expat's cars? Is there any forum? or something similar?