Bad Timing to Sell?
04-16-2018, 07:41 AM
#76
Its even crazier here in Australia, try $280k USD..
04-16-2018, 10:17 AM
#77
And maybe i know market better than some Porsche dealers.They have their heads in the sand.
04-16-2018, 11:19 AM
#78
Rennlist Member
German Tax
Sorry I'm not familiar with Germany but in the USA every advertised GT3 price does not include taxes.
The final selling price in the USA is well above the advertised price
04-16-2018, 11:31 AM
#79
German tax is19% and is included in the price of the carr
04-16-2018, 11:51 AM
#80
Rennlist Member
GERMANY DISPLAYS ALL PRICES UP FRONT /USA HIDDEN FEES - 34% display price difference
Thank you, that is very helpful.
Just to be certain I understand you, in Germany the numerical price advertised in car ads has all costs within it, (car price, taxes, documentation fees, licensing, ect)? If true, Germany has better consumer disclosure than the USA and does not hide anything to consumers (impressive!)
This would be different in the USA as dealers display a price for car only in all the ads and the final price is different & higher (never displayed up front ). Dealers hide the price of taxes, licensing, documentation, etc. until you perform final purchase paperwork. A smart shopper will ask for final price calculation before buying but he will have to ask.
USA buyers are used to this and the final price is dependent on State and Municipal taxes, 15% is a general number for USA that I'll use for example only below, but each State/City is different.
SUMMARY: When you look at adverts in Germany and see ~34% higher prices for the same car in USA adverts, the price of the car could actually be the same - it is the difference in taxation.
USA has about a 15% EXTRA cost to USA buyers that is NOT displayed in the advertised price, while yours below detail the 19% built into advertised German costs can yield a difference of 34%
Just to be certain I understand you, in Germany the numerical price advertised in car ads has all costs within it, (car price, taxes, documentation fees, licensing, ect)? If true, Germany has better consumer disclosure than the USA and does not hide anything to consumers (impressive!)
This would be different in the USA as dealers display a price for car only in all the ads and the final price is different & higher (never displayed up front ). Dealers hide the price of taxes, licensing, documentation, etc. until you perform final purchase paperwork. A smart shopper will ask for final price calculation before buying but he will have to ask.
USA buyers are used to this and the final price is dependent on State and Municipal taxes, 15% is a general number for USA that I'll use for example only below, but each State/City is different.
SUMMARY: When you look at adverts in Germany and see ~34% higher prices for the same car in USA adverts, the price of the car could actually be the same - it is the difference in taxation.
USA has about a 15% EXTRA cost to USA buyers that is NOT displayed in the advertised price, while yours below detail the 19% built into advertised German costs can yield a difference of 34%
04-16-2018, 01:24 PM
#82
Racer
Thank you, that is very helpful.
Just to be certain I understand you, in Germany the numerical price advertised in car ads has all costs within it, (car price, taxes, documentation fees, licensing, ect)? If true, Germany has better consumer disclosure than the USA and does not hide anything to consumers (impressive!)
This would be different in the USA as dealers display a price for car only in all the ads and the final price is different & higher (never displayed up front ). Dealers hide the price of taxes, licensing, documentation, etc. until you perform final purchase paperwork. A smart shopper will ask for final price calculation before buying but he will have to ask.
USA buyers are used to this and the final price is dependent on State and Municipal taxes, 15% is a general number for USA that I'll use for example only below, but each State/City is different.
SUMMARY: When you look at adverts in Germany and see ~34% higher prices for the same car in USA adverts, the price of the car could actually be the same - it is the difference in taxation.
USA has about a 15% EXTRA cost to USA buyers that is NOT displayed in the advertised price, while yours below detail the 19% built into advertised German costs can yield a difference of 34%
Just to be certain I understand you, in Germany the numerical price advertised in car ads has all costs within it, (car price, taxes, documentation fees, licensing, ect)? If true, Germany has better consumer disclosure than the USA and does not hide anything to consumers (impressive!)
This would be different in the USA as dealers display a price for car only in all the ads and the final price is different & higher (never displayed up front ). Dealers hide the price of taxes, licensing, documentation, etc. until you perform final purchase paperwork. A smart shopper will ask for final price calculation before buying but he will have to ask.
USA buyers are used to this and the final price is dependent on State and Municipal taxes, 15% is a general number for USA that I'll use for example only below, but each State/City is different.
SUMMARY: When you look at adverts in Germany and see ~34% higher prices for the same car in USA adverts, the price of the car could actually be the same - it is the difference in taxation.
USA has about a 15% EXTRA cost to USA buyers that is NOT displayed in the advertised price, while yours below detail the 19% built into advertised German costs can yield a difference of 34%
BTW your math is a tad off. Once you factor in xrates you will see your 34 percent differential drop to 24 percent (10 diff say 15 vs 25%)... still HUGE offset.
04-16-2018, 02:44 PM
#83
Burning Brakes
A bit OT........ but this GT4 is available for $829 per month for a loan term of 12 years assuming you can put almost $21K down.
SMH
https://jalopnik.com/this-insane-loa...ven-1825278525
SMH
https://jalopnik.com/this-insane-loa...ven-1825278525
04-16-2018, 10:47 PM
#84
Drifting
And I haven’t made any claims re the GT4 market...
04-17-2018, 01:53 PM
#85
Thank you, that is very helpful.
Just to be certain I understand you, in Germany the numerical price advertised in car ads has all costs within it, (car price, taxes, documentation fees, licensing, ect)? If true, Germany has better consumer disclosure than the USA and does not hide anything to consumers (impressive!)
This would be different in the USA as dealers display a price for car only in all the ads and the final price is different & higher (never displayed up front ). Dealers hide the price of taxes, licensing, documentation, etc. until you perform final purchase paperwork. A smart shopper will ask for final price calculation before buying but he will have to ask.
USA buyers are used to this and the final price is dependent on State and Municipal taxes, 15% is a general number for USA that I'll use for example only below, but each State/City is different.
SUMMARY: When you look at adverts in Germany and see ~34% higher prices for the same car in USA adverts, the price of the car could actually be the same - it is the difference in taxation.
USA has about a 15% EXTRA cost to USA buyers that is NOT displayed in the advertised price, while yours below detail the 19% built into advertised German costs can yield a difference of 34%
Just to be certain I understand you, in Germany the numerical price advertised in car ads has all costs within it, (car price, taxes, documentation fees, licensing, ect)? If true, Germany has better consumer disclosure than the USA and does not hide anything to consumers (impressive!)
This would be different in the USA as dealers display a price for car only in all the ads and the final price is different & higher (never displayed up front ). Dealers hide the price of taxes, licensing, documentation, etc. until you perform final purchase paperwork. A smart shopper will ask for final price calculation before buying but he will have to ask.
USA buyers are used to this and the final price is dependent on State and Municipal taxes, 15% is a general number for USA that I'll use for example only below, but each State/City is different.
SUMMARY: When you look at adverts in Germany and see ~34% higher prices for the same car in USA adverts, the price of the car could actually be the same - it is the difference in taxation.
USA has about a 15% EXTRA cost to USA buyers that is NOT displayed in the advertised price, while yours below detail the 19% built into advertised German costs can yield a difference of 34%
Curious about where you get 15% from. The highest sales tax in the US is 10% ish. Where is the other 5% coming from?
https://en.m.wikipedia.org/wiki/Sale..._United_States
04-17-2018, 02:10 PM
#86
Pro
Thread Starter
Curious about where you get 15% from. The highest sales tax in the US is 10% ish. Where is the other 5% coming from?
https://en.m.wikipedia.org/wiki/Sale..._United_States
Tax, registration, and dealer doc fees add up.
In Phoenix the tax is 8.3% registration on my Cayman last year was $1,300 ish, and doc fee was $450 when I bought it. That's $10,000 in fees on a $100,000 car so 10% but other states may vary greatly.
04-17-2018, 02:36 PM
#87
in CA its +10ish % 7.5-8% tax + reg. Also you pay tax on the gross sale not the net lees trade if any. So if you buy a car for 100k less a 50k trade you pay tax on the 100k not the 50k. So you end up paying 10k in tax and fees on a 50k sale or 20%.carl
04-17-2018, 03:57 PM
#88
Clearly you've purchased a car before.
Tax, registration, and dealer doc fees add up.
In Phoenix the tax is 8.3% registration on my Cayman last year was $1,300 ish, and doc fee was $450 when I bought it. That's $10,000 in fees on a $100,000 car so 10% but other states may vary greatly.
Tax, registration, and dealer doc fees add up.
In Phoenix the tax is 8.3% registration on my Cayman last year was $1,300 ish, and doc fee was $450 when I bought it. That's $10,000 in fees on a $100,000 car so 10% but other states may vary greatly.
04-17-2018, 04:00 PM
#89
Okay, but if you leave a trade out of the equation, where does the extra 5% come from?
04-17-2018, 05:23 PM
#90
Pro
Thread Starter