Bad news down under
05-11-2008, 11:33 PM
#1
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Well it is not if we aren't already taxed more than most other countries when it comes to luxury cars but our esteemed government has just decided to raise the LCT from 25% to 33% on car with a value exceeding AUD 57123-. There reasoning is that if people can afford expensive cars they can afford to pay the tax on them...i have one word for them however i dont think it is appropriate to use it on this forum.
05-11-2008, 11:57 PM
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Originally Posted by MatyB' post='578586' date='May 12 2008, 09:33 AM
Well it is not if we aren't already taxed more than most other countries when it comes to luxury cars but our esteemed government has just decided to raise the LCT from 25% to 33% on car with a value exceeding AUD 57123-. There reasoning is that if people can afford expensive cars they can afford to pay the tax on them...i have one word for them however i dont think it is appropriate to use it on this forum.
How much does a 530i/550i cost ?
AUD = ?/$ ?
05-12-2008, 12:29 AM
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My Ride: 2007 525i (not LCI) - Alpine white, M sport package, Comfort seats, Logic 7, Bluetooth, Xenon adaptive headlights, PDC, sunroof, A/C with extended features, etc.
thats not bad buddy....In Bangladesh, where my car is...we pay more than 130% on a 525i; and for a 550i, we pay 560% .... the 525i that i drive back home costed $120-$130 thousand....and a 550i costs about $460,000.....and you gotta pay all in cash...
05-12-2008, 01:48 AM
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My Ride: 2005 530i Individual, DVD Package, HUD, Bluetooth, Comfort Seats, SR, etc
guess we should buy a place in Munich, just go back and fourth to drive it will cost a bit less lol......
05-12-2008, 01:56 AM
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Originally Posted by MatyB' post='578586' date='May 12 2008, 03:33 PM
"...i have one word for them however i dont think it is appropriate to use it on this forum".
One for the little people.
05-12-2008, 02:46 AM
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Originally Posted by AlexFW' post='578596' date='May 12 2008, 05:27 PM
How much does a 530i/550i cost ?
AUD = ?/$ ?
AUD = ?/$ ?
I would love a V8 or dare i say it a V10 5ER however you have to be extremley weathly to drive one down here.
On the positive side i have been fortunate enough to travell all over the world and although i seen some wonderful countries i still think Australia has one of the highest standards of living for an average Joe (sorry US friends i pinched that saying from you guys). And yes that comes with paying high taxes on not only luxury cars but just about everything.
05-12-2008, 02:59 AM
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Originally Posted by trojan.525i' post='578603' date='May 12 2008, 05:59 PM
thats not bad buddy....In Bangladesh, where my car is...we pay more than 130% on a 525i; and for a 550i, we pay 560% .... the 525i that i drive back home costed $120-$130 thousand....and a 550i costs about $460,000.....and you gotta pay all in cash...
05-12-2008, 03:01 AM
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Originally Posted by BigMike' post='578607' date='May 12 2008, 06:23 PM
In Taiwan, my 520d cost over 73,000 dollars....
05-12-2008, 04:27 AM
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Originally Posted by MatyB' post='578627' date='May 12 2008, 11:46 AM
A loaded 530i M-Sport on road will set you back AUD 130K ish (USD 123K) and a similar 550i would be AUD 180K ish and the mother load (M5) will cost you a staggering 250K ish.
I would love a V8 or dare i say it a V10 5ER however you have to be extremley weathly to drive one down here.
On the positive side i have been fortunate enough to travell all over the world and although i seen some wonderful countries i still think Australia has one of the highest standards of living for an average Joe (sorry US friends i pinched that saying from you guys). And yes that comes with paying high taxes on not only luxury cars but just about everything.
I would love a V8 or dare i say it a V10 5ER however you have to be extremley weathly to drive one down here.
On the positive side i have been fortunate enough to travell all over the world and although i seen some wonderful countries i still think Australia has one of the highest standards of living for an average Joe (sorry US friends i pinched that saying from you guys). And yes that comes with paying high taxes on not only luxury cars but just about everything.
