New tax on vehicle purchases?

[OnMyWay]

2 hours ago, Dave Hounddriver said:

The price may not go up but depreciation never seems to kick in.  For example, people who bought a multicab 10 years ago for 140K pesos think they can give it a paint washover and still get 140K for it.  And ya know what?  They actually can and do, if the multicab is still in good shape.

It makes sense for a utility vehicle like that.  Parts widely available including engines, easy and cheap to work on.  Prices of new ones going up.

[OnMyWay]

21 hours ago, intrepid said:

maybe this will help.      http://www.carguide.ph/2017/05/how-approved-excise-tax-bill-affects-20.html

I follow a few car websites on FB and they have had a lot of these "impact" projections.  I think I saw the first one over a year ago and they keep revising them as the proposals change.  This one seems fairly up to date.  Note that on the last chart, there is a mis-leading column header.  Where it says "Current Vehicle Tax" it really should say "Current Vehicle Price".

[bigpearl]

23 minutes ago, Dave Hounddriver said:

The price may not go up but depreciation never seems to kick in.  For example, people who bought a multicab 10 years ago for 140K pesos think they can give it a paint washover and still get 140K for it.  And ya know what?  They actually can and do, if the multicab is still in good shape.

Well said Dave and many instances relate but lessor known brands, plenty such as Peugeot 508 allure or GT sell for half the new price after 1 or 2 years. 

Cheers, Steve.

[robert k]

On 8/4/2017 at 8:25 AM, intrepid said:

maybe this will help.      http://www.carguide.ph/2017/05/how-approved-excise-tax-bill-affects-20.html

The comments are interesting. There is certainly no moss growing on one of the commentors as he noted that if the tax is based on MSRP that already includes tax, you would be paying tax on the tax you pay?

[Clermont]

Australia got rid of its car manufacturers, no more subsidise manufacturing, got rid of import taxes to make cars cheaper, result: cars 10% dearer. Who said PI is a second class country, they certainly have first world tax appetite  .