02-09-2013, 06:25 PM | #1 |
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Car Tax
I've seen a lot of folks on here mention what they pay for their BMWs, so I know we get a good deal here in the US, when compared to many other countries. I'm just curious and would like to hear from folks in non-US countries what they would have to pay for a BMW with vs without their country's taxes. I'd also be curious to know if your respective country has an automobile industry.
We pay taxes here on our cars, but the taxes aren't even a consideration in determining how much one can spend. It's strange to me that other countries have such high car taxes, particularly if they aren't protecting a domestic auto industry.
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02-10-2013, 03:08 AM | #2 |
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In norway car tax is based on weight, CO2 and HP. So a 335 cost about $30000 more than a 328, which cost $ 30000 more than a 320d. Sick, but thats literally the price to pay not to have a budget deficit.
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02-10-2013, 03:55 AM | #3 |
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In the UK the cars are subject to 20% VAT (Value added Tax), I think similar concept to Sales Tax in US.
On top of this, usually included in the On the Road (OTR) prices is a one off £80 car registration fee and the Manufacturer's delivery charge (£700 for BMW) After that, the Cars are then subject to an annual VED (vehicle excise duty). this is in several bands dependent on the CO2 emmisions of the car. (historically this used to be based on engine sizes) So for example a 320d (Band B) £30 ($47) per annum 335i (Band J) £250 ($395) per annum 320D MSport Base Price is £25,525 ($40,319) VAT is £5105 ($8064) Retail is £30,630 ($48,383) OTR is £31,410 ($49,615) with annual Road Tax £30 ($47) 335i MSport Base Price is £30,525 ($48,217) VAT is £6105 ($9643) Retail is £36,630 ($57,861) OTR is £37,870($59,819) with annual VED £250 ($395)
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02-10-2013, 04:28 AM | #4 |
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The main one's in Australia are:
- GST ("Goods and Services Tax" - consumption tax similar to VAT at 10%) - LCT ("Luxury Car Tax" - 33% for each dollar over ~$57K") - Import duty - State Government stamp duty - varies from state to state and levied on the final price. Plus OTR costs. Examples from drive.com.au: BMW 530i Recommended retail price: $113,500 ($117,064 USD) GST: $9369 LCT: $10,440 *Import duty (est): $7495 Total taxes: $27,304 Price without tax: $86,196 Tax as % of RRP: 24% *Stamp duty: $4775 Porsche 911 Turbo Recommended retail price: $334,400 ($345,003 USD) GST: $25,732 LCT: $51,348 *Import duty (est): $20,585 Total taxes: $97,665 Price without tax: $236,735 Tax as % of RRP: 29% *Stamp duty: $15,820 Yes we have a local car industry.
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02-10-2013, 08:39 AM | #5 |
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In Holland a new base 320i costs €35.990,- That's about $48,000
This is the absolute base model, without any package or options. A "normal" 320i with a few options costs about €45.000,-. That's $60,000 This prices includes all taxes: 21% VAT + "BPM" (depending on CO2 emission). |
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02-10-2013, 09:54 AM | #6 |
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In China the import duty is usually 100% of the car's MSRP...it's crazy.
Starting price for the 3 series (320i) is about $50,000 USD. Add another $6000 if you want the sport line. A standard 335xi no line (with some standard options like premium, tech, it's not fully loaded) costs about $100,000 USD. Active Hybrid 3 starts at $105,000 (almost no options) Oh...did I mention the price does not include dealer fee, other taxes, and plates?(if you live in a big city, getting a license plate would cost you around $2k ) |
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02-10-2013, 11:02 AM | #7 |
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My 120d will cost me $82,300. Car tax amounts to $19,000 and VAT is another $12,600. So that's $50,700 completely without taxes.
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02-10-2013, 06:59 PM | #8 |
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Singapore
Open Market Value (vehicle dependent, cost of car).....S$55,000 (335i) / S$43,000 (328i)
Registration Fee............................................... ......S$140 (flat) Additional Registration Fee.......................................100% of OMV Excise Duty.............................................. .............20% of OMV Goods and Services Tax...........................................7% on OMV and Excise Duty Certificate of Entitlement (demand/supply driven).........S$95,000 (currently) > infamous car population control, need this paper before even buying any car Road Tax (depending on car engine size in cc)..............roughly S$1,000 to S$2,500 (per year) Govt tax & dealer margin, will be approximately (based on 335i) 438% SGD/USD exchange rate SGD1.30 = USD1.00 No local car industry to protect How it hit our pocket... (list price with everything above included, excluding insurance) 328i Sport - S$247,800 / US$190,615 335i Sport - S$295,800 / US$227,538 M-sport is additional S$6,500 / US$5,000 Last edited by kon; 02-10-2013 at 07:12 PM.. |
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02-10-2013, 07:28 PM | #9 |
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The taxes aren't necessarily intended to protect a native industry. They're to support the economy and help prevent having a $16 trillion national debt with nothing to show for it.
Taxes aren't very popular in the US which is precisely why the entire infrastructure of our beloved country is falling apart... |
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02-11-2013, 07:59 AM | #10 | |
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02-11-2013, 08:24 AM | #11 |
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Norway
BMW 328i: In store: 99600 dollars Environment tax: 43223 dollars VAT: 19921 dollar Without any taxes the car would have costed 36456 dollars in Norway |
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02-11-2013, 08:53 AM | #12 |
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I feel bad for the Belgians when I go to my local dealership and see the showroom 316d priced quite a bit higher (With VAT) than I paid for my 335. They have a standard 20% VAT on new cars. I do have to pay the annual road tax, and for a 3.0 liter engine is around €750.
http://www.autoscout24.eu/Details.as...000000&asrc=st |
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02-11-2013, 09:00 AM | #13 | |
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02-11-2013, 09:11 AM | #14 | |
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02-11-2013, 09:24 AM | #16 | |
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When you consider the big picture, we actually pay a fair amount of taxes in the US. A lot of it is local. You need to look elsewhere for why the national debt is so high... *cough*war*cough*army*cough* but this is a taboo topic around here. |
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02-11-2013, 09:52 AM | #17 |
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This is incorrect. You assume that the VAT is calculated from the entire price of the car, but there's no VAT on the fixed tax. Given that the other numbers are correct, the price including 25 % VAT is 99,600-43,223 = 56,377 which means that the VAT amounts to 11,275. So the price of the car - completely without taxes - would be 99,600-43,223-11275 = $45,102
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02-11-2013, 10:29 AM | #18 |
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02-11-2013, 11:28 AM | #19 | |
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I personally like the methods that either tax based on actual usage, engine displacement or other objective means that have a more or less linear correlation to "consumption" of the highways and byways. Our attempts to levy higher taxes on those causing the most harm in the US, heavy trucks, has backfired since now EVERY citizen has to pay a damn premium regardless of weight class. Diesel is hands down the perfect elixir for our fuel economy woes. But the tax structure negates the great majority of the savings. And yeah, I know the reasons for the national debt are way beyond this. Those you mentioned are high on the list. Along with a multitude of others. Even when there is an infrastructure project of some sort, it costs 3x what is should because of all of the prevailing wage and PLA requirements. Sorry for the OT! |
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02-11-2013, 12:00 PM | #20 |
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I am in US now but in my home country Turkey there are huge taxes on cars based on displacement when buying and also yearly.
<1.6 65% 1.6L-2.0L 112% >2.0L 270% 328i base= $81k less eqipmment than US base 328i well equipped= $134k annual tax for 328i =$1500 Gas price=$14/gallon (worlds highest) 335i is not offered with the 270% tax rate. It would be over $100k for base model and well equipped would be close to 200K It has an annual tax of $3000 since it is 3.0L. Most expensive Bmw in Turkey M6 (no options) is $366.000 (230k of it is tax) + annual tax of $9.000
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Modern line imperial blue/oyster, ZPP, ZCW, ZDH, ZLP, ZTP, Harman Kardon, park distance, High beam assist, Sundahes Last edited by Hayir; 02-11-2013 at 01:40 PM.. Reason: added M6 |
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02-11-2013, 01:10 PM | #21 | |
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02-11-2013, 01:10 PM | #22 |
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I thought UK was bad at approximately $8.46 per us gallon (£1.40 per litre)
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