Car tax: how much more will you pay?

By Neil McDonald

Herald Sun

14 May 2008

Luxury car makers are angered by the tax hike that adds several thousand dollars to some car prices.

Just exactly how much are you going to pay for a prestige or luxury car now under the new rules?

Imported cars are hardest hit by the new LCT threshold but some of our homegrown brands also suffer.

Below is a table of the price changes.

How much they'll cost

Local
Ford Territory Ghia Turbo $65,986 (old price $65,490) + $495.82

FPV GT Pursuit $58,041 (old price $57,990) + $51.38

FPV GT E $78,167 (old price $76,990) +$1147.30

Holden Statesman 3.6 $61,219 (old price $60,990) +$229.16

Holden Caprice $68,634 (old price $67,990) +$643.97

HSV Clubsport $65,107 (old price $64,660) +$446.64

HSV Grange $86,324 (old price $84,690) +$1633.60

Imports
Audi A4 2.7TDI $68,539 (old price $67,900) +$638.64

Audi A8L W12 $341,933 (old price $326,000) +$15,993.45

Bentley Continental Flying Spur sedan $370,533 (old price $353,000) +$17,533.45

BMW 130i Sport $59,005 (old price $58,900) +$105.30

BMW 760Li $363,119 (old price $346,000) +$17,118.64

Lexus IS250 Luxury $80,296 (old price $79,000) +$1296.41

Lexus LS600hL $243,422 (old price $233,000) +$10,422.34

Mercedes-Benz C200 $65,794 (old price $65,309) +$385.00

Mercedes-Benz S500 $273,940 (old price $263,698) +$10,242

Rolls-Royce Phantom $965,837 (old price $915,000) +$50,837.16

Porsche Boxster $112,400 (old price $109,300) +$3100

Porsche 911 Carrera S $237,700 (old price $227,600) +$10,100

Comments on this story

Displaying 3 of 7 comments

Page 1 of 1

how much road tax would i pay for a new bmw 1 series 118d

marilyn Haywood of derbyshire Posted at 22 August 2008 11:45pm

The tax hike is something that is really a tarrif on cars that may not raise a cent. It will placate welfare voters who snear at these cars but will be harmful to farmers who need large vehicles like Landcruisers to work on farms. The price on some cars will come down due to tarrif reductions but who cares about Rolls and Porsche cars. The hike is typically labour politics but the threshold level has been effective at liberal levels to help down price Mercedes prices in Australia. Don't buy one if you don't want to pay it! Buy it second hand next year.

Robo of Berwick Posted at 28 May 2008 9:31am

Extra 50K for a roller - poor buggers!!!

Stevo of Adelaide Posted at 26 May 2008 6:01pm

Read again , the Roller will cost you an extra 50K. Thats no drop in the ocean. Its a rip off regardless of how wealthy you are.

Gilles Arlove Posted at 24 May 2008 4:18pm

If people are whinging about the price increase then its obvious they are stretching their budget to the limit so why not purchase something you can afford that does not attract a luxury tax. as for the rest of us I have no problrm paying a few extra pennies to get what I want and not have to whinge about it.

Troppo Posted at 15 May 2008 2:55am

I find this tax hike to be a quick-fix plan that will crumble in the long term miserably. I understand the Government trying to ease the ridiculously high interest rates we already have to cope with. I am 17 years old and about to finish my HSC, aspiring to earn myself a Ferrari, already almost unreachable, the Government further pulls my life goal away from me. I won't have enough money to pay for a "Tax Advisor" to help me avoid this kick in the nuts. I can't buy a nice house, nor an extravagent car, what else?

Ashur Varde of St Johns Park Posted at 14 May 2008 4:37pm

Generally speaking, and relative to the major number of lower priced higher end auto purchases, the increase is not unreasonable. If one is fortunate enough to afford a Roller at $900 grand a mere $10,000 or so extrra is a drop in the ocean of wealth that "one" obviously has. If it were me I would have no objection, and of course high-rolers also get very good Tax advice [for which they pay in any case], and will probably find a legal loophole to apply, and if not, a deductible expense component will likely be identified.

Barry Peterson of 4271 Posted at 14 May 2008 1:26pm

Read all 7 comments

Add your comment on this story

Comments Form

Enter your comments:

We welcome your comments on this story. Comments are submitted for possible publication on the condition that they may be edited. Please provide your full name. We also require a working email address - not for publication, but for verification. The location field is optional.

Additional Information