Tax Change On Vehicles

[GayanR]

  On 5/27/2016 at 7:19 AM, kush said:

Hope they are getting it down on a permit if so you should be ok,

If not he'll be looking at a cost around 10m

[Quiet]

10Mn wow. They offered me mazda 6 2.5L for that price one week back

[GayanR]

  On 5/27/2016 at 7:35 AM, Quiet said:

10Mn wow. They offered me mazda 6 2.5L for that price one week back

4000rs for 1cc excedding 1000cc

[Mazda6]

<blockquote class='ipsBlockquote'data-author="Quiet" data-cid="292855" data-time="1464334515"><p>

10Mn wow. They offered me mazda 6 2.5L for that price one week back </p></blockquote>

...and they quoted only 8.2 million for a 2.5 back in September last year. I went for a 2L

[terrabytetango]

  On 5/27/2016 at 7:38 AM, GayanR said:

4000rs for 1cc excedding 1000cc

2000 rupees for every cubic centimeter between 1000cc and 1500cc.

[sathyajithj99]

  On 5/27/2016 at 9:16 AM, terrabytetango said:

2000 rupees for every cubic centimeter between 1000cc and 1500cc.

From 1500cc onwards 4000/-????

[GayanR]

  On 5/27/2016 at 9:55 AM, sathyajithj99 said:

From 1500cc onwards 4000/-????

yeah.

For a catogery betwwen 1500cc to 1600cc it's 3500

[matroska]

and tax for EV's are calculated based on motor power it seems

Edited May 27, 2016 by matroska

[sathyajithj99]

  On 5/27/2016 at 10:09 AM, GayanR said:

yeah.

For a catogery betwwen 1500cc to 1600cc it's 3500

Thanks for clearing that up machan.

[Quiet]

• so many changes within 5-6 months. its like the stock market. Government encourage speculative buying for vehicles. Very good economic theory

[GayanR]

  On 5/27/2016 at 10:16 AM, sathyajithj99 said:

Thanks for clearing that up machan.

Those above 1500cc are the ones mostly affected by a huge margin.Some vechiles between 1000cc to 1500cc are actualy lesser than the previous value.

[Quiet]

yep tax on Vezel has reduced by 0.5Mn

[Quiet]

Mazda 6 2L new price is 11Mn. They told me my advance payment will be refunded.

[Mazda6]

Holy guacamole! 11 mill?

[sathyajithj99]

  On 5/27/2016 at 10:59 AM, Quiet said:

Mazda 6 2L new price is 11Mn. They told me my advance payment will be refunded.

Sorry to hear about that mate

[Supra_Natural]

I think your best bet is to try and pick a used one up before the prices rise.

[GayanR]

  On 5/27/2016 at 10:59 AM, Quiet said:

Mazda 6 2L new price is 11Mn. They told me my advance payment will be refunded.

Good for you in another way.No one will import a mazda for 11m.Therefor very less people will be willing to buy used ones due to unavaialbillty+ less parts etc.

[Vengeance]

http://www.hirunews.lk/134130/vehicle-prices-further-rise

[Quiet]

well eternal optimist i am, Im gonna sell my Vitz tomorrow (already advertised on Sunday papers and bought a separate sim for that) and put a deposit for 8.00Mn @ 10% and drive around in my wife's Vezel until something positive happens to the vehicle market.

And like all proposals of this government there is a possibility of giving a waiver for LC's already opened

[Supra_Natural]

  On 5/27/2016 at 11:35 AM, GayanR said:

Good for you in another way.No one will import a mazda for 11m.Therefor very less people will be willing to buy used ones due to unavaialbillty+ less parts etc.

The agent's have imported over 700 Mazda 6s since the launch in 2013. So what "unavailability" are you on about? If anything the used market will likely go higher. The reason there aren't that many for sale is because they are really good cars and the people who have them are hanging on to them.

[Supra_Natural]

  On 5/27/2016 at 12:30 PM, Quiet said:

well eternal optimist i am, Im gonna sell my Vitz tomorrow (already advertised on Sunday papers and bought a separate sim for that) and put a deposit for 8.00Mn @ 10% and drive around in my wife's Vezel until something positive happens to the vehicle market.

And like all proposals of this government there is a possibility of giving a waiver for LC's already opened

You're planning to sell the Vitz for 8 million?

[Quiet]

Nope the Total cash including proceeds from vitz - Approx. 8.00Mn. I was planning to obtain a cash backed facility of 5Mn and balace cash payment + insurance

[GayanR]

  On 5/27/2016 at 12:45 PM, Supra_Natural said:

The agent's have imported over 700 Mazda 6s since the launch in 2013. So what "unavailability" are you on about? If anything the used market will likely go higher. The reason there aren't that many for sale is because they are really good cars and the people who have them are hanging on to them.

I agree with the statment and they're realy good cars.But with the duy hike it seems it will cost more than 10m now to import. very few people will consider to buy a mazda at that cost in future.In my experiance mazdas second hand value never did got higher.I remember back then previous generation axela prices droped down by almost 2-3m.It may hang around at the same value but will not likely to go higher.

[Supra_Natural]

  On 5/27/2016 at 1:40 PM, GayanR said:

I agree with the statment and they're realy good cars.But with the duy hike it seems it will cost more than 10m now to import. very few people will consider to buy a mazda at that cost in future.In my experiance mazdas second hand value never did got higher.I remember back then previous generation axela prices droped down by almost 2-3m.It may hang around at the same value but will not likely to go higher.

Your experience is outdated. The new generation of Mazdas is considerably different from the previous ones. Just FYI we bought the 6 one year ago for 5.6 Million and this year the second hand going rate was 6.5 million for a similar year and condition car.

Also, even after the price of the 2.5 litre model of the 6 went up previously to 10 million plus there were a significant number of orders for them. Therefore people clearly are buying them at 10 Million. Whether they will continue to buy the 2.0 Litre 6 at 10 Million remains to be seen, definitely sales will go down from the current very rapid sale rate.

Don't forget that the price of EVERY car has gone up significantly. BMWs and Audis which were previously 10 million will now likely be 15 or more. So sales of everything will slow.

[hrm]

Vitz has actually gone down after tax revision along with several other cars.