All too often US or UK prices are then converted to AUD. They are never sold here at that price. It’s just a big tease. New Corvette is just one recent example.
Just Hoogle for a car import cost website. US$70K = AU$98000 Shipping 2000 (I'm assuming a RORO ship) Duty 5000 GST 10500 LCT 14392 Total 129892 So the other $20K is the importer's markup, fairly modest IMO. The same calculation for the Lotus gets it to $220K, roughly the price of a Cayman GT4.
I did read the article - the £75,000 is the UK price - with all their taxes (VAT etc), which clearly gets removed when it comes to Aust, and beyond the 5% import duty, it’s gets the 10% GST and then gets the punitive 33% LCT tax once it crosses the threshold etc. Then the importer/dealer needs their markup - how much they put on depends on their business model and volumes they want to sell. If it gets in with the same ratio as UK pricing, I reckon it would be pretty impressive. As a guide, the Evora starts at $180+k here and the UK price is £70k, so you would expect the Emira to be close $190+k. But whom really knows? We’ll see hopefully in 18 months time (or less)
The starting price for the Vet is for the poverty pack for the want of a better term and before you add anything so a start closer to US$100K+ is more realistic. https://www.motor1.com/news/422658/chevry-corvette-c8-price-video/
Just hang on 6 months and I imagine you’ll have your pick of classic cars at a bargain price, the financial storm clouds are rumbling [emoji51][emoji238]
"Global markets sold off sharply overnight, following fears coming out of China after the world's most in-debt property developed, Evergrande Group, is set to default on their debt. It has obligations of more than $300 billion to creditors, and an interest payment deadline for its offshore bonds comes on Thursday."
That’ll make waves [emoji305] And where’s the money coming from to “restructure” the company, enquiring minds want to know [emoji849]
https://www.9news.com.au/national/man-charged-over-ferrari-burnouts-at-sydney-cbd-intersection/52272b1e-32eb-4203-9299-8b7fd69ff20d
https://www.abc.net.au/news/2021-09-21/aston-martin-1969-james-bond-movie-now-owned-by-melbourne-man/100471390
Cool story,I wonder how it made it way to Oz in the first place. Oh and Mike's link above is a repost.....just thought I'd mention it to you
I think they’ll let all the overseas investors hang, ensure the ordinary people who have paid deposits get refunds, and let the rest of the ship go down. Will give some good breathing space to an overheated market and get rid of a few superwealthy who are not beneficial to Xi.
