Yeah, but stamp duty is payable on the LCT
In any case, Danny is using the spreadsheet, and it worries about all that stuff for you, so you don't have to spend hours researching the intricacies for your state (cause I already have!).
Edit: Oh, and forgot to mention, simonm's figures are all wrong for you, since you're in VIC and your tax laws are different to the rest of the country (ACT is similar but slightly diff to NSW too))
Last edited by Corey_R; 27-09-2010 at 06:08 PM.
MY02 Bora V6 4Mo|Matte Black plastidip|VTDA|R32 Exhaust|R32 dampers and springs|TT pedals|R32 steering wheel|17" 8L S3 rims|R32 sways|Blue Haldex|EBC reds
MY11 Golf R - Rising Blue - 5DR - DSG - 19" Black OZ Ultralegerra - Leather - Sunroof - MDI - Euro Plates - Milltek Exhaust - Bluefin - SOLD
MY11 Tiguan 147 TSI - DSG - Pepper Grey - Black Leather - RVC - MDI - BT
Not by much - LCT is Federal, so that's going to be the same, I've looked up Vic stamp duty and it's $5 per $200 value of the car if the car is under the LCT threshold of $57,466 (so effectively 2.5%).
So if it's currently $57k on road, subtract ~$500 rego (haven't looked it up, but I figure that $500 is pretty conservative), multiply $56k by 2.5/102.5 = ~$1,300 for stamp duty, so of the 57K on road, you're looking at ~$55,200 for car cost not including rego or stamp duty. $57,466 - $55,200 = $2,266 to play with. Given I've used conservative figures in there, and that there's some discount available on options, I reckon that the DynAudio upgrade ($1000) and ACC ($1500) is certainly achievable without hitting the LCT threshold.
MY11 Rising Blue 5dr DSG Golf R
Simon, whilst I'm glad that you're wanting to help people, putting un-specific information just leads people to make more assumptions and mistakes.... which is why we have gone to the effort of collecting ALL the information from the individual states and placing it into a spreadsheet which does the calculations for you.
It's in the first post of the Golf R Specifications and Prices thread.
This takes away generalistic comments like "subtract ~$500 rego" and all the other information that comes after that comment of yours. For NSW and QLD and VIC, the spreadsheet has calculated within 1c of the quotes that dealers have provided (where the dealers give you the breakdown, and members have shared with me for testing). There is currently a discrepency between what dealers are quoting for stamp duty in ACT which I'm trying to resolve (although by discrepency I mean the dealers are quoting as per the spreadsheet, but not necessarily what the ACT State Revenue office is saying since they updated the green car guide site).
In any case, the point of this post is not to criticise you. It's to hopefully enlighten you to the existence of the spreadsheet and explain why there is no need to generalise. Cheers
I realise that there is different registration costs - I even went to the Vic Roads sites (as linked from your spreadsheet). Because it's dependent on registered postcode, I can't give exact registration costs, and neither can your spreadsheet (since it just accepts 'Vic', not postcode (and the entire calculation behind that postcode aspect)).
Admittedly the difference is minimal, but someone in postcode 3000 is going to be paying $98 more for rego than someone in postcode 3100, for the EXACT same car, purely on rego costs. So, this also introduces a margin for error into your spreadsheet.
I appreciate the work you've put into it, and it was very helpful to me when I was looking for a price on my Golf R (and it's part of the reason I've contributed to this site - I figured the donation was more than offset by the saving I made as a result). However, it is only an approximation - some states have simple systems that can be matched easily, others like Vic that are postcode dependent can only be approximated without adding huge complexity (such as backend queries into the Vic systems to get exact rego based on postcode).
The lowest Vic rego for new cars that I found was $526. So again, taking a conservative estimate approach, using $500 is going to point to a minimum amount available to play with, and in all likelihood it will be better. Sure, there's a margin for error, but it will be in Danny's favour.
An alternate method Danny could use is to put in all his figures into your spreadsheet, including the dealer discount required to get to $57k on road. Then either add in the ACC and DynAudio options to see if the LCT value becomes non-zero, and if it does, work out what additional discount is required to get back below. I reckon it will be less than $250 (based on my calculations above) if it requires any discount at all.
MY11 Rising Blue 5dr DSG Golf R
Is it necessary to avoid LCT completely?
Isn't it only on the portion which is over the threshold?
If it's only $250 over, that's $75 + stamp duty?
Yeah Mr_Bob. That's basically how it works. However, VIC also have a "Stamp Duty" threshhold at the LCT figure too. You go from 2.5% to 5% stamp duty, and unlike NSW/ACT where the larger % is from the threshhold value, in VIC it's on the ENTIRE value, effectively meaning a $1 difference in the pre-tax price will cause a $1400 difference in post-tax price if you're at the threshold.
In any case, this is all represented in the in the calculator.
simonm - in relation to your post. It is not an approximation! If the prospective purchaser uses the spreadsheet and for the "complex states" goes to the links and enters their details to get the figures and places them back in the spreadsheet, then it is accurate data. As I've said, if used properly the spreadsheet will give you accuracy of +/-1c. This is why I am discouraging the use of generalistic posts of "how to calculate".
Sure, when someone posts here and says "I got this quote, what do you think", for those complex states I can only give an approximation back (such as using the postcode of 3000 for VIC), but the spreadsheet means the approximations in those situations are as close to possible and no mistakes are being made in which figures to calculate the various taxes on when replying to those quotes too.
Trust me, between this thread, the R prices thread, the GTI prices thread, the MK6 dealer prices thread (all much longer than this thread!), and other odds and ends, I've personally replied to more of these requests than all other members combined. Although there are exceptions, more often then not, members responding without using the spreadsheet are often $1000's of dollars out. Such as in the series of posts which caused you to start responding...
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