Duty-Free Imported Vehicles Available in Hainan After Closure, But Not for Individual Buyers

[Policy Interpretation] After Hainan’s closure, 'zero-tariff' imported vehicles will see prices slashed by half—but purchases are restricted to enterprises only.

⚡ Key Development: Porsche Cayenne priced at 1.2 million yuan drops to 600,000 yuan after duty exemption, yet remains off-limits to individuals

According to the Interim Measures for the Administration of Zero-Tariff Imported Vehicles and Yachts in the Hainan Free Trade Port, starting from the closure on December 18, 2025, eligible imported vehicles will be exempt from tariffs, value-added tax (VAT), and consumption tax, resulting in a maximum combined tax saving of 116.58%. For example, a Porsche Cayenne originally priced at 1.2 million yuan or a BMW X5 at 600,000 yuan would see their landed prices drop to approximately 600,000 yuan and 350,000 yuan, respectively.

🔍 Strategic Intent: Policy targets transportation and tourism enterprises, not individual consumers

The Measures explicitly stipulate that vehicle buyers must be enterprises registered in Hainan and engaged in transportation or tourism. A Bentley Bentayga displayed at a Sanya duty-free store is priced at 2.07 million yuan, and sales staff confirmed that individuals cannot purchase it. Similarly, the first zero-tariff Toyota HiAce introduced in 2021 saw its price reduced by nearly 40%, but was also restricted exclusively for enterprise use.

💡 Industry Impact: Speculative buying frenzy cools down as policy benefits are selectively allocated

Despite social media buzz about traveling to Hainan to buy cars, the actual beneficiary group remains limited. The policy aims to boost local industrial development rather than stimulate the private consumer market.