Hello, everybody around the world, I am curious of which country charges the most tax and where these W140 are the most expensive. Most tell me that Mercedes-Benz S-Class is the highest taxed car. Please share your expereinces and country's information.
My 1997 S320L is in Burma. There are no MB dealers in Burma. Import license is restricted and market value for each import license costs 100,000 USD. I bought this car before the import license restriction from Hong Kong and cost me about 90,000 including shipping and taxes. Now, after all these years, the car is still worth over 120,000 USD in Burma due to import license scarcisty. I made money owning and driving this car. In U.S., this car is probably worth no more than 15,000 USD.
How much is W140 worth in your country now? How much did you have to pay for tax? Please share your experiences...
Vehicle: 1996 Mercedes-Benz S 600 L, 2001 Mercedes-Benz E 220 CDI, 1984 Mercedes-Benz 300GD, 1995 BMW328i Cab
Location: Oslo, Norway
Posts: 133
RE: W140 Market value in different countries
Quote:
W208Cab - 8/16/2005 2:06 PM
Hello, everybody around the world, I am curious of which country charges the most tax and where these W140 are the most expensive. Most tell me that Mercedes-Benz S-Class is the highest taxed car. Please share your expereinces and country's information.
My 1997 S320L is in Burma. There are no MB dealers in Burma. Import license is restricted and market value for each import license costs 100,000 USD. I bought this car before the import license restriction from Hong Kong and cost me about 90,000 including shipping and taxes. Now, after all these years, the car is still worth over 120,000 USD in Burma due to import license scarcisty. I made money owning and driving this car. In U.S., this car is probably worth no more than 15,000 USD.
How much is W140 worth in your country now? How much did you have to pay for tax? Please share your experiences...
It depends on engine size.
We pay according to engine size, car weight, and power. And get a discount when the car gets older.
That means that that a 1998 S600 with a weight on 2250kg and 396hp, and 5998ccm in displacement (figures from my head it might be wrong) would be 61030,00 USD in tax, plus VAT on the car price.
The same car but as a 96 model would cost 50290,00 USD plus VAT.
Welcome to Norway....or should i say No way?
__________________
Simen Malerbakken
'96 Mercedes-Benz S 600 L
'01 Mercedes-Benz E 220 CDI
'84 Mercedes-Benz 300 GD turbo
'95 BMW 328i Cab
I'd have to say that New Zealand is a great place to get low cost second hand cars.
There are virtually no import duties on second hand cars. There are some restrictions on what make and model you can import - they have to meet certain frontal impact safety standards.
It costs NZ$200 - NZ$500 to register a car imported here into New Zealand. We import a lot of cars from Japan and Singapore.
I bought my second hand 1995 S420 for NZ$12,200 with 91000 km on the clock.
You can get 1993 S600s for around NZ$18 - 20K
One NZ$ buys about 71 US cents at the moment. So my car cost approximately US$8,662!
Vehicle: 1996 Mercedes-Benz S 600 L, 2001 Mercedes-Benz E 220 CDI, 1984 Mercedes-Benz 300GD, 1995 BMW328i Cab
Location: Oslo, Norway
Posts: 133
RE: W140 Market value in different countries
Quote:
W208Cab - 8/16/2005 3:57 PM
Simen,
Is that every year or one time for import fees?
Expensive...
I would say U.S. gets the cheapest...
This is an import fee, yearly we pay tax as about 500,-USD and we pay toll roads, and now about 2,- USD pr litre petrol.
And a registration fee, that’s differentiating on car weight and age. Going from 2500,- USD, new and heavy car, too about 250,- USD old and light
Up until late 1998, in Costa Rica cars had a 110% tax on the original manufacture's retail price (even if the dealer got you a discount or a great deal on your purchase, you had to pay on the original registered factory price for tax duties).
My S 500 L costed new US$197,000.00 That included import taxes, register, and shipping. Similar S 500s went for about US$180,000. My car was higher because it was ordered fully optioned including the trunk mounted fridge. S 320s retailed for US$140,000 to US$160,000 depending on options.
After 1998 taxes lowered to 72%. The dealer lists now a 2005 S 500 L (W220) for about US$160,000.00 and an S 320 for US$120,000.00. A bargain compared to W140 prices when the tax was 110%.
Although, up until the late 1970's, taxes on all cars above 1,200 cc were 415% (yes! Four-Hundred Fifteen Percent tax!). Only diplomats and government officials could buy Mercedes-Benzes tax free, selling them later on used for about twice of what they were worth brand new.
__________________
A. R. R.
S 500 L, 1998
E 320 T, 1995
Hi Simen, I was referring to my country's situation. The market price for one import license costs 100,000USD. But the taxes are minimal.
Thus, say, a W203 C-class that costs around 35,000USD would end up paying 135,000 USD after importing along with some small change of taxes due to the import license cost.
The 100% tax on that same W203 would make it 70,000 or 150% tax would make it 875,00 USD. It's still better this way.
Say, W211 E-class that costs around 52,000 USD would have to pay 152,000 to get imported.
The 100% tax on that would make it 10,4000 USD and 150% would make it 130,000 USD which is still better than 152,000 with a mark up.
Ofcourse, if you are planning to buy S600, the 100%tax would be more expensive but for most cars, tax is a variable cost and import license is a fixed cost that favors variable cost. Again, I am only talking about my country. I don't like the way it is there and I think it ought to change.
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