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  • The Audi A3 is a couple of inches longer than its most direct competitor, the Mercedes-Benz A-Class sedan. Another luxury car of virtually the same size is the BMW 230i, but it is a two-door coupe. The Alfa Romeo Giulia and Cadillac CT4 are larger than the A3. - Source: Internet
  • However, there is some respite in site. Thanks to recent legislation changes that will see parallel imports become legal in 2018, it’s possible that luxury vehicles in Australia could become more affordable in the near future. Whether this actually comes to fruition remains to be seen – knowing the Australian government, things could change a lot in two years time! - Source: Internet
  • If you’re looking for a luxury sedan with serious performance, the 5 series will delight you. Packed with safety features like antilock disc brakes, front and side airbags and stability control, it’s a great luxury used cars option. The price range starts from $26,999. - Source: Internet
  • In this scenario, the cost of importing the car (customs duty + GST + LCT) is $9,773.60 (plus the cost of transport and insurance). As you can see, importing a luxury car yourself (if you are even allowed to) can become very expensive – and this cost only increases with the value of the vehicle you’re looking to import. - Source: Internet
  • At Trade Prestige, we buy cars in Melbourne, but that’s not all we do. If you want to experience the feeling of finding that perfect used vehicle, choose our team of prestige used car dealers. Come and visit the Trade Prestige Showroom today, located just 5 minutes away from Crown Casino and the heart of the CBD. Here, you will be guided by a trusted and experienced team who will help you find the prestige, sports, or luxury vehicle you have been looking for. - Source: Internet
  • LCV stands for luxury car value; this is the retail price of the car. Therefore, a vehicle that has a retail price of $88,000 must pay a LCT of $7,444 ((88,000-63,184) x 10/11 x 0.33). This means that the car would be sold to a customer for $95,444. - Source: Internet
  • BMW is one of several German luxury car brands dominating the market, parked alongside Mercedes and Audi. For some, the high-end car manufacturer can prove to be too hard to pass up. There are plenty of sporty models available from the BMW X Range, BMW M range and the BMW i range. This includes everything from spacious SUVs and hair-messing convertibles, to plug-in hybrids like the i3 and i8. So, there’s no shortage of options when you step into a BMW dealership. - Source: Internet
  • Another Drive.com.au article from 2011 analysed the cost of high end luxury cars such as Ferraris and Lamborghinis and found that these luxury vehicles have increased in price by as much as 50% in a decade. While the price of a new BMW had also increased in this time, it was by a far smaller margin (approximately 10%). However, standard vehicles such as the Toyota Corolla actually saw a reduction in price between 2001 and 2011 – revealing just how much of a premium Australians really are paying for luxury cars. - Source: Internet
  • Motoring.com.au notes that the introduction of this legislation could see a drop in the price of luxury vehicles: - Source: Internet
  • Among the few luxury coupes, convertibles, and hatchbacks, the 2023 Audi A5 is a strong competitor. Its most direct rival is the BMW 4 Series, which stands out with its stronger performance, especially with the available six-cylinder engine. The Lexus RC coupes take the opposite approach, emphasizing comfort and refinement over performance. The spoiler in the class may be the redesigned Mercedes-Benz C-Class when it arrives this fall. At least until then, the Audi A5 remains a well-balanced and desirable choice. - Source: Internet
  • No other luxury brand came close in June’s VFACTS report. The next closest increase in sales was Ferrari, which had a 21.8 percent increase when compared to 2021 figures (but ‘only’ sold a total of 106 cars so far this year), and Porsche with a 17.6 percent increase. - Source: Internet
  • The Audi A5 is not intimidating. It feels reassuringly solid. It’s simple but beautifully built. This mid-sized, sharp-looking luxury SUV has a long list of safety features, an efficient all-wheel drive, and six driving modes for a smooth, quiet glide along the road. Price starts from $33,999. - Source: Internet
  • If you’re asking yourself this question, Trade Prestige is here for you. With more than 30 years in the industry, Trade Prestige is the name Melbournians trust in the prestige and luxury car market. We have grown from a boutique dealership to a comprehensive service. We sell and buy used luxury cars of the highest quality, offer friendly and genuine customer service, and boast competitive prices across our range. - Source: Internet
  • This general increase in vehicle affordability does appear to extend to some luxury cars. For example, BMW’s senior manager of corporate communications told Drive.com.au in 2011 that: - Source: Internet
  • German luxury car manufacturer Audi has a wide range of models for drivers to get excited about. The A range includes sleek sedans for the city, while Audi’s Q range will be for those looking to drive away in an SUV model. If something sporty is more your style, Audi offers the TT Coupe and anything from the RS line, to help you get your car and heart racing. There’s also the Audi e-tron, Audi’s first-ever all-electric vehicle. - Source: Internet
  • While the current Australian dollar is relatively low at around 0.52 GBP and 0.76 USD, over the past five to six years it has been rather strong at times (for example, in 2011/12). With this being the case, many people have wondered why the cost of luxury vehicles has remained so consistently high. - Source: Internet
  • LCT is set at 33% and this is taxed on the amount above the LCT threshold. This tax is paid by businesses (i.e. dealerships) that sell luxury cars and therefore the cost is passed on to consumers. LCT also applies to individuals who choose to import luxury vehicles – you can read more about do-it-yourself imports later on in the article. - Source: Internet
  • In the conventional corner, you have the Toyota Kluger, which in KX-R base-model form costs $39,990. Of course, the Kluger does feature the latest electronic safety kit and comes with a decent amount of luxury gear and plenty of airbags but, in this guise, it’s a five-seater only and two-wheel-drive (in this case the front wheels). It’s also powered by a petrol V6 in a market segment that has come to embrace the turbo-diesel engine. All of which makes the left-field alternative - a 2005 BMW X5 - all the more enticing. - Source: Internet
  • “The prices of these [luxury] cars are [also] more competitive than they’ve ever been. If you compare the price of an E-Class, say the E200 CGI, to its equivalent 10 years ago, it is significantly better value now in terms of average weekly earnings and inflation.” - Source: Internet
  • The government will still hit you with a luxury car tax (LCT) if your vehicle is worth more than $63,184 (figure for the 2015/16 financial year). If your vehicle isn’t brand new, you can ask to have this figure revised to better reflect the current value of your car, however if it’s still above the threshold then you will have to pay 33% tax, plus GST and customs duty. As you might expect, the cost of importing most luxury cars (if you are actually allowed to do it in the first place) equates to a substantial amount of money. - Source: Internet
  • If you’re looking to sell your car, make sure you partner with a dealer who truly understands the value of your prestige, sports, or luxury vehicle. If it’s classic, collectable, luxurious, powerful, vintage, rare, or something else truly special, Trade Prestige wants to see your car. Trade Prestige prefers vehicles built after 2005 but all vintage, classic, and sports vehicles are welcome. - Source: Internet
  • While mid-range luxury vehicles are relatively popular here in Australia, top-end cars such as Ferraris and Lamborghinis are sold in far smaller numbers. The lower demand for these cars – as you might expect – equates to a much higher retail price. Australia has a relatively small population compared to countries such as the United States and United Kingdom; therefore, there are fewer people who can afford the sort of cars that cost hundreds of thousands of dollars. - Source: Internet
  • Land Rover (-32.7), Volkswagen (-37.5) and Lexus (-27) were also down significantly as the luxury market continued to struggle. - Source: Internet
  • Known for its luxury models, you wouldn’t find many people who would turn down a chance to drive a new Mercedes. The brand certainly knows how to please rev heads, with a variety of sporty coupes and roadsters, as well as compact hatchbacks and larger car models such as the G-Class SUV, A-Class Sedan and C-Class Estate. And if you’re really looking to put the foot down, the AMG sports models may get your heart racing, offering plenty of horsepower for you to rein in. - Source: Internet
  • The value of the taxable importation (VoTI) is then calculated by adding the CV, customs duty and transport and insurance costs. In this example, this equates to $60,300. A GST of 10% is then added ($6,030) which takes the total at this point to $66,330. This is considered to be the luxury car value (LCV). - Source: Internet
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