T&T OFFICIAL New Vehicle Prices & Discussion Thread

[agent007]

So here is a short/summary list of all the vehicles that is expected to be increased (theoretical) in price:

Toyota:
Prius 1.8, CHR 1.8, RAV4 2.0, Voxy 2.0

Honda:
Accord 2.0, HRV 1.8, CRV 2.0

Nissan:
Sylphy 1.8, Altima/Teana 2.0, X-Trail 2.0, Serena 2.0

Mitsubishi:
Galant Fortis/Lancer 1.8/2.0, ASX/RVR 1.8/2.0

Mazda:
Axela/3 2.0, Atenza/6 2.0, CX3 2.0, CX5 2.0

Suzuki:
Grand Vitara 2.0

Subaru:
XV 2.0, Forester 2.0

Hyundai:
Elantra 2.0, Sonata 2.0, Tucson 2.0

Kia:
Cerato Koup 2.0, Optima 2.0, Sportage 2.0

Volkswagen:
Passat 1.8

Audi:
A3 1.8T, A4 2.0T, A6 1.8T, Q3 2.0T, Q5 2.0T, Q7 2.0T, TT 2.0T

BMW:
120i, 320i, 520i, X1 20i, X3 20i, X5 40e

Mercedes Benz:
A250, A45 AMG, B200, C200, C250, C300, C350e, GLA250, GLA45 AMG, GLC250, GLC300 etc..

Vehicles 1599cc and under got away so vehicles like the BMW 318i with the 1.5 turbo 3-cylinder should be unaffected. The Ford Fusion 1.5T will also be unaffected as well as the Ford Focus 1.0T, Civic 1.5T, Chevy Cruze/Trax 1.4T, Jetta 1.4T, Veloster 1.6T, Mercedes C180 which is a 1.6T. Some more are: Aqua 1.5, Yaris 1.3, Axio/Fielder 1.5, Corolla 1.6, Fit 1.3, City 1.5, Cube 1.5, Juke 1.5/1.6, Wingroad/AD Van 1.5, Tiida 1.5, Versa 1.5, Latio 1.2, Note 1.2, March 1.2, Sentra 1.6, Lancer 1.6, Mazda3/Axela 1.5, Mazda2 1.5, Ignis 1.2, Swift 1.2, Baleno 1.4, Ciaz 1.4, Ertiga 1.4, APV 1.6, Vitara 1.6, Jimny 1.3, Impreza 1.6, Ioniq 1.6, Elantra 1.6, Accent 1.6, Veloster 1.6, Creta 1.6, Tucson 1.6T, Rio 1.4, Cerato 1.6, Soul 1.6, Niro 1.6, Sonic 1.6, Spark 1.4, Fiesta 1.5 and Polo 1.6.

Based on my rough estimates, a 2014 Mazda Axela 2.0 Hybrid which was around $133k can now increase to $197k and a new Xtrail Hybrid can now be $403k for the 2018 model and $363k for the 2017 model.

I welcome any corrections if I made errors guys, thanks.

[PapaC]

How much cc's those X5 hybrid were rated?

[agent007]

1997cc

[metalgear2095]

Because middle class should drive only econo-box

[Dizzy28]

If the new mvt doesnt go in effect on current stocks nor those in transit we looking at prices holding for a few months at least?

[triniboi49]

The 1.6 Civic might cost more than the turbo. The BMW 120i is 1598 so it just underneath I think

[Allergic2BunnyEars]

So here is a short/summary list of all the vehicles that is expected to be increased (theoretical) in price:

Toyota:
RAV4 2.0

Honda:
Accord 2.0, HRV 1.8

Nissan:
Altima 2.0, X-Trail 2.0

Mitsubishi:
Lancer 2.0, ASX 2.0

Mazda:
6 2.0, CX3 2.0, CX5 2.0

Suzuki:
Grand Vitara 2.0

Subaru:
XV 2.0, Forester 2.0

Hyundai:
Elantra 2.0, Sonata 2.0, Tucson 2.0

Kia:
Cerato Koup 2.0, Optima 2.0, Sportage 2.0

Volkswagen:
Passat 1.8

Audi:
A3 1.8T, A4 2.0T, A6 1.8T, Q3 2.0T, Q5 2.0T, Q7 2.0T, TT 2.0T

BMW:
120i, 320i, 520i, X1 20i, X3 20i, X5 40e

Mercedes Benz:
A250, A45 AMG, B200, C200, C250, C300, C350e, GLA250, GLA45 AMG, GLC250, GLC300 etc..

Vehicles 1599cc and under got away so vehicles like the BMW 318i with the 1.5 turbo 3-cylinder should be unaffected. The Ford Fusion 1.5T will also be unaffected as well as the Ford Focus 1.0, Chevy Cruze/Trax 1.4T, Jetta 1.4T, Veloster 1.6T, Mercedes C180 which is a 1.6T etc etc all with cc less than 1600.

Based on my rough estimates, a 2014 Mazda Axela 2.0 Hybrid which was around $133k can now increase to $197k and a new Xtrail Hybrid can now be $403k for the 2018 model and $363k for the 2017 model.

I welcome any corrections if I made errors guys, thanks.

Can you break down the calculations for us? Seems like a big jump.

[agent007]

I would be happy to. A couple of things to note:

1. The Honourable Minister focused on 1600-1999 cc as he already adjusted the other cc brackets in the last budget so I will limit my calculations for the new adjusted bracket.
2. As can be seen in page 33 of the 2018 Budget Statement, the Honorable Minister indicated "Vehicles Using Clean or Alternative Fuels" and I quote,
"To encourage the use of smaller, more fuel efficient vehicles, and to reduce the loss of foreign exchange from motor vehicle imports, I propose to increase by 25 percent the motor vehicle tax and customs duty on private passenger vehicles with engine sizes exceeding 1599cc and not exceeding 1999cc. The increase in taxes imposed last year on vehicles with engine sizes exceeding 1999cc will remain.

These measures will take effect from October 20th 2017.

However, there will be a moratorium up to December 31st 2017 for private passenger vehicles already in transit or already landed in Trinidad and Tobago"

3. Using the guide found at this link: https://www.ttautoguide.com/luxury-tax- ... ient-cars/
we can now determine cost via calculation by:
(a) MVT which was $8.00. Now it's 25% of $8. = $2. So $2. + $8. = $10. TTD per cc
(b) Duty which was 25%. Now it's 25% of 25% = 6.25%, So $6.25% + $25% = 31.25%

4. Calculation:

Sedan example:
2014 Mazda Axela 2.0 Hybrid
$13,572.00 USD (CIF)
$92,289.60 TTD (ER of CIF @ $6.80 TTD for $1.00 USD)
$28,840.50 TTD (Customs Duty @ 31.25% of CIF)
$19,970.00 TTD (MVT @ $10. TTD per cc rating of engine. In this case, it's 1997cc)
--------------------
$141,100.10 TTD (sub total)
$ 17,637.51 TTD (12.5% VAT on sub total)
$ 41,000.00 TTD (Dealer markup ie. costs to buff/polish/paint/clean/minor service/broker fees/licensing fees/#plates/insurance cover note and pure profit)
---------------------
$199,737.61 TTD OTR PRICE
---------------------

NB. Some Alternative Dealers sold the Mazda Axela Hybrid at $133,000.00 TTD OTR/Final customer price. When you do your reverse calculations, you can approximate their markup, so applying a similar strategy arrived at that figure above.

Summary:

A simple revision of the MVT and Duty taxes now applicable to 1600cc to 1999cc vehicles means in this example, a 2014 roro Mazda Axela Hybrid has increased in price by approx. $67,000.00 TTD!!

Tuners, please note, I do not profess to know it all nor advise to take the above info as fact. That is just my interpretation so if I made any errors, please correct me, thanks.

[Allergic2BunnyEars]

Thanks man. Good details there.

[Kenjo]

What do they mean by ‘ These measures will take effect from October 20th 2017.’

[Zetski]

BRUH!!

[Joshie23]

So here is a short/summary list of all the vehicles that is expected to be increased (theoretical) in price:

Toyota:
Prius 1.8, RAV4 2.0

Honda:
Accord 2.0, HRV 1.8

Nissan:
Altima 2.0, X-Trail 2.0

Mitsubishi:
Lancer 2.0, ASX 2.0

Mazda:
6 2.0, CX3 2.0, CX5 2.0

Suzuki:
Grand Vitara 2.0

Subaru:
XV 2.0, Forester 2.0

Hyundai:
Elantra 2.0, Sonata 2.0, Tucson 2.0

Kia:
Cerato Koup 2.0, Optima 2.0, Sportage 2.0

Volkswagen:
Passat 1.8

Audi:
A3 1.8T, A4 2.0T, A6 1.8T, Q3 2.0T, Q5 2.0T, Q7 2.0T, TT 2.0T

BMW:
120i, 320i, 520i, X1 20i, X3 20i, X5 40e

Mercedes Benz:
A250, A45 AMG, B200, C200, C250, C300, C350e, GLA250, GLA45 AMG, GLC250, GLC300 etc..

Vehicles 1599cc and under got away so vehicles like the BMW 318i with the 1.5 turbo 3-cylinder should be unaffected. The Ford Fusion 1.5T will also be unaffected as well as the Ford Focus 1.0T, Civic 1.5T, Chevy Cruze/Trax 1.4T, Jetta 1.4T, Veloster 1.6T, Mercedes C180 which is a 1.6T. Some more are: Yaris 1.3, Corolla 1.6, Fit 1.3, City 1.5, Juke 1.6, Wingroad 1.5, Versa 1.5, March 1.2, Sentra 1.6, Lancer 1.6, Mazda3 1.5, Mazda2 1.5, Ignis 1.2, Swift 1.2, Baleno 1.4, Ciaz 1.4, Ertiga 1.4, APV 1.6, Impreza 1.6, Ioniq 1.6, Elantra 1.6, Accent 1.6, Veloster 1.6, Creta 1.6, Rio 1.4, Cerato 1.6, Soul 1.6, Niro 1.6, Sonic 1.6, Spark 1.4, Fiesta 1.5 and Polo 1.6.

Based on my rough estimates, a 2014 Mazda Axela 2.0 Hybrid which was around $133k can now increase to $197k and a new Xtrail Hybrid can now be $403k for the 2018 model and $363k for the 2017 model.

I welcome any corrections if I made errors guys, thanks.

Great info. I think you forgot the 1.6T Hyundai Tucson from the list of unaffected vehicles.

[agent007]

Thanks to user input like yourself, I was able to update the list significantly.

[bess almera]

Wonder how much the CX9 AWD will retail for down here?

[bess almera]

[Morpheus]

^^That is machine!

[racedriverpro]

BRUH!!

Screenshot_20171004-014658.png

Those numbers are mad!

[Pirate]

BRUH!!

Screenshot_20171004-014658.png

Those numbers are mad!

Mad is rite. 32K+ and 3.3L = priced out of its category locally...

[bess almera]

CX9 is huge though. Looks like a Q7 competitor. Only 2 imported so far. Interior is sleek...

[PariaMan]

Saw a pde left hand drive today

[arular]

Think these prices need a little updating because the Hyundai ioniq is now $185k

[Kronik]

Think these prices need a little updating because the Hyundai ioniq is now $185k

Which one?

[arular]

Think these prices need a little updating because the Hyundai ioniq is now $185k

Which one?

The the basic Ioniq is $185K

[jcrew]

Any details on the crv 1.5 turbo?

[drchaos]

Any details on the crv 1.5 turbo?

It TURBO! What more you need to know?

[jcrew]

Any details on the crv 1.5 turbo?

It TURBO! What more you need to know?

Ok raj

[goalpost]

Saw the ford ranger xlt 4x4 manual is $3,115.00 per month & includes seven years comprehensive insurance.

What's the catch?

[j.o.e]

Saw the ford ranger xlt 4x4 manual is $3,115.00 per month & includes seven years comprehensive insurance.

What's the catch?

Paying for a vehicle for 7 years is already a catch to me lol

[Allergic2BunnyEars]

Interest

[boxy]

Heard the Kia Niro came out what is the price SS calling for it.