Budget Announcement - Car Tax lower by 20%

couscous

23 Feb 04, 12:23

In today's Straits Times, it is reported that Car Tax (current 150%) may drop by 20% following 27 Feb's Budget Annoucenment.

I have booked a car with Borneo Motors in Dec 2003, for a manual Toyota Vios. I was informed then that the new car stock may only arrive in Mar/Apr 2004. They have successfully bidded for a COE for me in Jan 2004.

Today, 23 Feb, I received a call from my Toyota agent that I may receive my car by 1st week of March.

I have the following questions:
1. Should I request my agent to delay registrating for my new car till after budget announcement?
2. In the event that indeed a 20% drop in car tax is announced, will it impact the new and resale price of my new car, if my new car is not yet registered? If Borneo Motors does not pass the cost savings to me, I will lose money first to Borneo, and lose money a second round due to lower resale value of my new car and PARF value.
3. Should Borneo Motors practices good trading practice here and pass on the 20% tax savings to me, the consumer, even though I have booked the car at an earlier agreed price? After all, any savings in COE prices (a form of tax) is passed to me (e.g. case of $101 car coe), even though the car price is set.

Is anyone else in a similiar situation?

vinzz

23 Feb 04, 18:51

'''from wat i noe its base on when the COE of the new car is bid...if lets say the COE of ur new car is being bid b4 the implemented of new system,and the bid is successful...then it will still be under the 65% system...if the COE is being bid after the implemented new system..then it will be under the new system..it doesn't matter when u register ur car.

CarNewbie

27 Mar 04, 01:08

Originally posted by vinzz:
'''from wat i noe its base on when the COE of the new car is bid...if lets say the COE of ur new car is being bid b4 the implemented of new system,and the bid is successful...then it will still be under the 65% system...if the COE is being bid after the implemented new system..then it will be under the new system..it doesn't matter when u register ur car.

Is it implemented yet?

stealthguy

27 Mar 04, 10:15

Does the COE starts the day it was bidded or the day I register the car? My agent has successfully bidded for my COE last Feb, but the car will be delivered in June.