How many would pay over $400,000 for the new gt3
02-12-2014, 03:12 AM
#61
Rennlist Member
I agree that paying OZ prices (let alone Singapore ones) would make me focus on buying homes and other luxurious before a car.. Value is completely skewed.. When a basic sports car costs as much as beach-front property in some parts of the world (here in Thailand where I'm vacationing for example).. Then how does it make sense anymore? It's not an absolute value problem (if you have the $ then you can decide how to allocate it).. It's a disproportionate value problem which changes what the purchase has to offer you in order to justify the price.
02-12-2014, 04:13 AM
#63
Instructor
hold on guys I just wanted to know if it would change your attitude to buying a gt3
In terms of are there tariffs or is it really expensive to live in OZ well yes there are tariffs and i accept that but
When the Oz Dollar was at $US 0.65 to buy one oz dollar $320,000 was about right for a Porsche. When the Oz went to $US 1.05 to buy one Australian Dollar a Porsche was still $320,000. Yet it would have cost the Porsche Australia half the price to import it. So more than double the profits were made. The $us.90 to buy one oz dollar at the moment means still very handsome profit.
Her is the kicker. I don;t mind paying this much for a porsche. I reckon the amount of effort they have put into that car and the obvious dedication to keep the thing at the cutting edge is fantastic and deserves a reward. It does feel a bit unfair that we pay double what us porsche owners pay for the same thing.
They can bull**** about smaller markets and all that crap all day long I just wish they would come clean and say yeh we are ripping into you and accept reality. Importing in OZ has been set up so that you can not import a car from elsewhere. Hence Porsche knows they can get away with it and they do. In the Asian markets they are putting huge tariffs on the cars but you are not precluded from buying your car from somewhere else in the world and importing it.
If you do this in Australia it will not get a compliance plate and they will either crush the car ot send it back from where it came from.
So yes I could import a car from England The dealer who sells it to me would make a good profit Porsche England would make a good profit. I would pay for the sea freight to Australia and land it after taxes for about $200,000. So where is the other $160,000 going.
The problem for Porsche as I see it is that they are damaging their brand. People who buy cars at this price can generally add up quite well. No one really likes to feel like they have been ripped off.
So while they can get away with it good on them but one day this pricing strategy will come back to haunt them Ill just sit back and say you've done it to yourself mate and wrecked a fantastic car and brand.
If they charged us $240,000 for the car I'd say yeh you are working in a small market and you deserve your profit and you do have those stupid taxes so fair enough. God I'd respect them so much more.
There you go I've had my bitch and I promise i will not bring it up again and only post stuff about the car in future.
In terms of are there tariffs or is it really expensive to live in OZ well yes there are tariffs and i accept that but
When the Oz Dollar was at $US 0.65 to buy one oz dollar $320,000 was about right for a Porsche. When the Oz went to $US 1.05 to buy one Australian Dollar a Porsche was still $320,000. Yet it would have cost the Porsche Australia half the price to import it. So more than double the profits were made. The $us.90 to buy one oz dollar at the moment means still very handsome profit.
Her is the kicker. I don;t mind paying this much for a porsche. I reckon the amount of effort they have put into that car and the obvious dedication to keep the thing at the cutting edge is fantastic and deserves a reward. It does feel a bit unfair that we pay double what us porsche owners pay for the same thing.
They can bull**** about smaller markets and all that crap all day long I just wish they would come clean and say yeh we are ripping into you and accept reality. Importing in OZ has been set up so that you can not import a car from elsewhere. Hence Porsche knows they can get away with it and they do. In the Asian markets they are putting huge tariffs on the cars but you are not precluded from buying your car from somewhere else in the world and importing it.
If you do this in Australia it will not get a compliance plate and they will either crush the car ot send it back from where it came from.
So yes I could import a car from England The dealer who sells it to me would make a good profit Porsche England would make a good profit. I would pay for the sea freight to Australia and land it after taxes for about $200,000. So where is the other $160,000 going.
The problem for Porsche as I see it is that they are damaging their brand. People who buy cars at this price can generally add up quite well. No one really likes to feel like they have been ripped off.
So while they can get away with it good on them but one day this pricing strategy will come back to haunt them Ill just sit back and say you've done it to yourself mate and wrecked a fantastic car and brand.
If they charged us $240,000 for the car I'd say yeh you are working in a small market and you deserve your profit and you do have those stupid taxes so fair enough. God I'd respect them so much more.
There you go I've had my bitch and I promise i will not bring it up again and only post stuff about the car in future.
02-12-2014, 05:09 AM
#64
Burning Brakes
One thing no one mentioned yet... The U.S. prices are just rediculously low, compared to all other matkets in the world. (Applies to all car brands)
Yes the oz prices are expensive, not even mentioning Signapore, but even on Porsche's home market Germany, the GT3's baseprice is $185k, here in Switzerland a GT3's baseprice is $210k
However... i don't think this is the right way to compare prices. U.S. prices are always without taxes, German prices are with 19%VAT, Swiss prices are with 8%VAT, oz prices are incl. taxes?? (Not sure).
I think it's better to compare bare prices without any taxes, , that's where you can see how Porsche is ripping you off (or not in the case of U.S).....
Suzy (via iOS app)
Yes the oz prices are expensive, not even mentioning Signapore, but even on Porsche's home market Germany, the GT3's baseprice is $185k, here in Switzerland a GT3's baseprice is $210k
However... i don't think this is the right way to compare prices. U.S. prices are always without taxes, German prices are with 19%VAT, Swiss prices are with 8%VAT, oz prices are incl. taxes?? (Not sure).
I think it's better to compare bare prices without any taxes, , that's where you can see how Porsche is ripping you off (or not in the case of U.S).....
Suzy (via iOS app)
02-12-2014, 05:25 AM
#65
Rennlist Member
^^^^
Suzy, yes we have obscene taxes on 'luxury cars' over $60k... When I bought mine 4 years ago, I paid AUS$307k IIRC and of that $100k was taxes!!!
Yes Porsche and all other brands rip us off here but the government is a bigger culprit.
Where Porsche can't be excused for price gouging is with parts!!! Buy a set of front or rear brake pads here and they are AUS$850 each, from the US they are less than AUS$350... No taxes at play...
Suzy, yes we have obscene taxes on 'luxury cars' over $60k... When I bought mine 4 years ago, I paid AUS$307k IIRC and of that $100k was taxes!!!
Yes Porsche and all other brands rip us off here but the government is a bigger culprit.
Where Porsche can't be excused for price gouging is with parts!!! Buy a set of front or rear brake pads here and they are AUS$850 each, from the US they are less than AUS$350... No taxes at play...
02-12-2014, 05:41 AM
#66
Burning Brakes
You certainly have a point there... I don't know about those prices over here to be honest (I've never ordered seperate parts), but 850 vs. 350 is rediculous indeed!
Suzy (via iOS app)
Suzy (via iOS app)
02-12-2014, 09:38 AM
#67
Drifting
02-12-2014, 10:16 AM
#68
Rennlist Member
Where Porsche can't be excused for price gouging is with parts!!! Buy a set of front or rear brake pads here and they are AUS$850 each, from the US they are less than AUS$350... No taxes at play...
EDIT: Who's stopping you from just buying the pads from the US? You'll find out who's ripping you off as you attempt to answer that question.
Last edited by hf1; 02-12-2014 at 11:00 AM.
02-12-2014, 05:05 PM
#70
Rennlist Member
How do you know? You can't possibly be familiar with the tens of thousands of pages of regulations, tariffs, quotas, restrictions, bilateral/multilateral "free trade" agreements, and other "measures" that your government enforces and that affect the prices of everything in your market -- "for your own good", of course.
EDIT: Who's stopping you from just buying the pads from the US? You'll find out who's ripping you off as you attempt to answer that question.
EDIT: Who's stopping you from just buying the pads from the US? You'll find out who's ripping you off as you attempt to answer that question.
My wear and tear parts do come from the US and despite freight and import duties, the cost is less than half the Aus price. If thats the cost for me to import from a US dealership paying discounted retail price, feel free to explain why it costs Porsche Aus so much more to do so and why they aren't gouging customers...
02-12-2014, 06:02 PM
#71
Nordschleife Master
never - your duties/taxes are unrealistic. commonwealth country, I reckon why
02-12-2014, 09:37 PM
#72
Mate, it's quite simple... Porsche charge us more than double for the car, obviously partly due to the taxes imposed by government, thus they figure it's acceptable to charge double for parts too.
My wear and tear parts do come from the US and despite freight and import duties, the cost is less than half the Aus price. If thats the cost for me to import from a US dealership paying discounted retail price, feel free to explain why it costs Porsche Aus so much more to do so and why they aren't gouging customers...
My wear and tear parts do come from the US and despite freight and import duties, the cost is less than half the Aus price. If thats the cost for me to import from a US dealership paying discounted retail price, feel free to explain why it costs Porsche Aus so much more to do so and why they aren't gouging customers...
02-12-2014, 11:16 PM
#73
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No they are not. I somehow doubt that Porsche is losing money in the US, selling 911's at $130k. I just think that prices are ridiculously high elsewhere. A lot of the reason for that are taxes, plain and simple. And volumes too. You can sell for less in a higher volume market.
02-13-2014, 07:32 AM
#74
Burning Brakes
No they are not. I somehow doubt that Porsche is losing money in the US, selling 911's at $130k. I just think that prices are ridiculously high elsewhere. A lot of the reason for that are taxes, plain and simple. And volumes too. You can sell for less in a higher volume market.
Porsche is certainly not losing money anywhere, but what I'm trying to say is that we must be careful comparing our own prices with US market, for the reasons you point out. That's just no comparison.
If people want to compare prices, than compare with Porsche's home market Germany.
Suzy (via iOS app)
02-13-2014, 06:49 PM
#75
Nordschleife Master