Bureau of Customs apprehends illegally imported McLaren MP4-12C

Reportedly worth P45 million
Mar 19, 2013

TopGear.com.ph Philippine Car News - Customs apprehend illegally imported McLaren MP4-12C

Bureau of Customs commissioner Ruffy Biazon has just revealed through his Facebook page that his agency recently intercepted a 2012 McLaren MP4-12C being imported into the country using fraudulent documents.

Though nothing specific was mentioned as to why the documents were fraudulent--or even who imported the car--Biazon did say that the car's estimated worth "is about P45 million."

Continue reading below ↓

Since McLaren Automotive has no official dealership in the country, we checked the car's current price using automotive vehicle valuation website KelleyBlueBook.com, and the "fair purchase price" for the MP4-12C is supposedly just $231,400 (or P9.410 million).

Since the taxes and duties of importing a brand-new vehicle into the country usually amount to double the price of the car, that means the price of the MP4-12C should be closer to P19 million and not P45 million as the BOC claims.

We can only guess where the BOC got the P45-million figure from.

 

Photo from BOC commisioner Ruffy Biazon's Facebook page

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