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Frequently Asked Questions
- Unregistered (Brand New or Reconditioned): Direct imports, not yet registered locally.
- Registered: Already used in Sri Lanka, comes with local registration.
- Permit Vehicles: Sold under government permits, often cheaper due to duty concessions.
- Recon Cars: Reconditioned used vehicles (mostly from Japan), imported and restored to near-new condition.
Yes. At least third-party insurance is legally required. Comprehensive insurance is recommended for newer or higher-value vehicles.
Third-Party Only: Covers damages to others.
Third-Party with Fire & Theft
Comprehensive: Covers your car + third party + additional benefits.
MTA6 Form (Transfer Application)
Certificate of Registration
NIC copies of buyer and seller
Duly signed and certified transfer documents
Emission test + Revenue license (valid)
- Unregistered Imports: Subject to import duty, excise, VAT, Luxury Tax (depends on engine capacity CC), etc.
- Registered Vehicles: No duty, but transfer fees and stamp duty apply.
You’ll also need to pay for insurance and revenue license.
Usually 3–7 working days if all documents are correct. Can be done at DMT Narahenpita.
Yes. Most banks and finance companies (e.g., Seylan Bank, People’s Leasing, LOLC) offer:
Up to 70–90% financing
3–7 year terms
Both new and used vehicles are eligible, based on valuation