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AlexB7RS4

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  1. They won't let it go, they'll trade it in exchange for favourable taxes (ie none...) on Australian export goods. Just look at the prices of these cars in other countries. A new GT3 in the UK is ~$180k. New M3 in the US is ~$100k. The only major difference is LCT. The only reason it exists is to protect Holden & Ford from having to compete with a BMW 3 & 5 series. The only reason it isn't gone already is the govt makes huge money on it, and it's a tax on rich people only. Taxing rich people in Australia is popular with voters so it's a win-win. However it isn't good for the country. Australia philosophically supports a free market environment. The tax stops our people from buying cleaner, safer, more technologically advanced vehicles. Mercedes, BMW and Audi are lobbying the EU government hard for this as part of the FTA - it's a big deal for them to sell more cars. Look here - front and centre (Page 2 - key recommendations - Goods) from the Australian side is removal of LCT and 5% import tariff. https://dfat.gov.au/trade/agreements/negotiations/aeufta/submissions/Documents/business-council-of-australia-eufta-submission.pdf
  2. Possible a few may try but unlikely to be sustained. All it takes is one dealer/manufacturer to pass them on to try and make higher sales numbers and nobody else makes sales. Agreeing amongst themselves to all stay high is illegal under Australian consumer law.
  3. Interesting thought 9r. Many companies will be looking to protect their long term customers. However, LCT is different to FX - FX fluctuates up and down so it's a good way to absorb those fluctuations without saturating a used car market that makes it difficult to sell new cars if the change reverses. LCT is a once off cut - and a big one where luxury/sports cars are concerned. Big enough that many Cayman/M3 type customers could step to a 911. Some car manufacturers and dealers may try to take a share of the margin left by the lack of taxes for a little while, but eventually the prices will drop as other manufacturers try to grab larger market shares by dropping prices.
  4. Wondering who else has been thinking of this. I'm guessing quite a few. With the EU free trade agreement being negotiated, a removal of the luxury car tax is likely as it's a cornerstone of the EUs list of demands and is no longer necessary to protect a local industry. The money seems to be on a staged approach at 33%>22%>11%>0 over 3 years. The effect on the used market will be interesting. The worst thing about the LCT is the tax on tax on tax - Ie LCT at 33% followed by GST at 10% followed by state taxes at 3% or thereabouts. A back of the napkin calc suggests a 911 Carrera T new at $262k driveaway (SA) could drop to $210k driveaway. Used cars are currently in the $220k range so one would expect they would lose equivalent values. I suspect the rare cars that are on allocation, like the GT cars, will hold steady. Thoughts?
  5. I've owned a B7 RS4 Avant for the past 3 years. Problems listed above on the B7 are overblown a little. They do have DRC issues but in the same breath the B5 owner (nice B5 btw, very clean) mentioned swapping a B5 to coilovers to correct the handling issues? Do the same on a B7 and problem solved. It's what most owners do - I'm running KW V3s. Curb weight is 1710 not 1800 (Avant) and 1640ish for the Saloon - only the Cab is close to 1800. Engines are basically bulletproof, as is the gearbox. Carbon build up happens if the cars aren't often revved out well and is ~$800 to have cleaned every 30-50,000km but isn't necessary - the car runs fine just loses 20 odd hp in the top end. Manifold flap linkages are a $350 replacement aftermarket if the issues occur, done at the same time as a carbon clean the labour cost is minimal. Basically the rest of the cost is consumables - brakes, tyres - no worse than any other car with big brakes and wide tyres. For a driver's car the B7 is widely considered the high watermark for Audi RS cars. V8 Engine that revs to 8200rpm is intoxicating too. Having said that, it's no RWD dynamically and doesn't quite stack up to M cars or Porsches as a driver's car (though the interior is miles better than an M3). It's still suffering from being understeery as a result of the engine being so far in front of the front axle. No amount of suspension trickery can fix it, though as with the B5 a good set of ARBs can make it more neutral. They are very solid, well built cars. I've driven a few and even the poor condition ones don't really rattle or squeak and the gears and engine feel strong. Interior of the B7 is far nicer than a B5 if you get one with the Recaro buckets and flat bottomed steering wheel. If you get the American comfort pack they are pretty similar other than standard age-related changes like infotainment, of which the B7 is also vastly outdated anyway. Other considerations: B5s are rarer and clearly on the way up in price, they look to be clear collectors items. When I bought my B7 in 2007, the B5s were ~$35k. Now they are mostly 70+. I suspect the B7s won't be far behind and are at the bottom of their depreciation. The Avants seem to be holding value at least though it's hard to tell with so few on the market and a wide range in price and condition - Saloons and Cabs perhaps still dropping.
  6. Hi all, I've got a B7 RS4 at the moment which I absolutely love, but the call of a Porsche is strong and I'm not sure how much longer I can ignore it. I'd love a 997 or 991 GT3, but back to reality... Looking at a 997/991 Carrera S or perhaps a GT4 which I suspect will hold value better. What are leasing costs like in terms of monthly payments (ie for a car circa 150-180k)? Are there options for guaranteed value and balloons?

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