Is the tax rate progressive? Does someone making 40k a year pay 51% as well? Or is this the top tier tax rate?In Canada we are blessed with luxury tax, which adds an additional 10% to the car on top of the 13% over the cost of the car. Personal tax rates at 51%. New car dealers, if they ever get stock will be in an all out war with the used car market. Its going to be messy imo.
Yes, tax on tax on tax is common unfortunately all around the world. At least you're only paying 23% in tax for the car, here in PR the tax is 40%. $250k MSRP car is $350k out the door. 11.5% sales tax on everything,Progressive. Starts around 20% but by the time you get to 250 onwards your around 50.
Example
Car cost 350k
Add 13% then add 10% for luxury tax
Then add 50% to this for personal income tax, which you had to pay in order to afford the car.
Cost out of pocket with all taxes approx 650k
That will certainly play a role in used car sales no doubt about it. Dealers will try to combat this by playing with inventory levels.used car market is strong in Canada due to luxury tax. 23% tax on a new car (i’m over simplifying here) vs 13% if used
For anyone actually looking for one of these cars.... I have my eyes on an STO and could be convinced to let mine go.Having a look on line, its crazy what people are asking for these cars, are the really selling for 100 over list? Some I see are well into the 400's, just under 500 in more than one case. I know they are limited in numbers but this is crazy.
Just thought I'd put this out there, see what you guys think. Maybe its just wishful thinking and they aren't selling.
From a "value" standpoint, I don't see my RWD Spyder being as good as a Perf but I sure would rather own my car over a 580-2 or 640-4 Spyder hands down, I also prefer the aesthetics over the EVO AWD. Most of us didn't buy it to appreciate or anything like that but we prefer if they don't sink like a McLaren in value.I don't mean to object to the view above, but I do find it pretty funny that each of us sees a different variant of the H as the optimal to own and the one that will be value stable.
On one hand, it's nice because that means there may be buyers later down the line for every model. On the other we may just all be overly biased and given the overall abundance of H be the victims of great depreciation.
Yes looks like inventory is growing and prices are dropping. The SF90 Values in particular, are a good representation of this. This 2022 example with only 1200 miles in resale red is perfect exampleI feel there are many buyers on the sidelines with CASH ….tire kicking waiting for the floor to fallout.
I have been looking around on many different sites and i can tell you seems like many exotics are piling up….i feel it’s going to get ugly for the dealers that
don’t have liquidity.
My newer EVO isn’t for sale but I’d consider for $100k over sticker. My trend hasn’t changed! 😀All of our newer EVO's should be at MSRP or under used, just like the good ol days, I'm sure we'll keep trending in that direction.
2022 cars under 1k miles are selling for $300k. About $50k over. I can imagine 2021 selling for around 30-35k over, $285k range.
Spyder seems to be pulling slight premium. Yours has some miles though and decently high MSRP.My 21 sticker was $303k so what would it sell for? 5k miles
