TMC is an independent, primarily volunteer organization that relies on ad revenue to cover its operating costs. Please consider whitelisting TMC on your ad blocker or making a Paypal contribution here: paypal.me/SupportTMC

$A - $US Time to evaluate if sitting on the fence?

Discussion in 'Australia & New Zealand' started by brewster, Jul 8, 2015.

  1. brewster

    brewster Member

    Joined:
    Sep 6, 2012
    Messages:
    354
    Location:
    Portland. Vic. Australia
    With the $A down to 70c US, for those contemplating a Model S, may be a good time to do some number crunching. Not that I have heard anything, but with the $A at 70c need to watch closely if the Aussie stays around there as there may be a price rise in the not too distant future.
    What do you all think?
     
  2. Aussie Yank

    Aussie Yank Member

    Joined:
    Mar 24, 2015
    Messages:
    105
    Location:
    Eastern Suburbs Sydney
    Absolutely correct Brewster, there have been two price increases since the debut in December, both due to exchange rate.

    In fact the most interesting number is that if you purchased (but not received) the car in December in Oz, comparing the USD dollar equivalent of the vehicle bought in California, the P85D is CHEAPER in Australia at AUD/USD of 75 cents. Including all taxes (California is 10% sales tax above the website price)

    So the wait has at least financially been a good thing (although I would rather not waited)

    Tesla is the only high performance car where that is so.....(BMW, Merc, Jag, etc) .... thank you Elon Musk
     
  3. brewster

    brewster Member

    Joined:
    Sep 6, 2012
    Messages:
    354
    Location:
    Portland. Vic. Australia
    What confused me was this shown on Westpac site. Didn't think to check elsewhere.
    Have I read something wrong here as this is no where near actual?

    Aussie Dollar.png
     
  4. Aussie Yank

    Aussie Yank Member

    Joined:
    Mar 24, 2015
    Messages:
    105
    Location:
    Eastern Suburbs Sydney
    That is what the bank gives you, which includes their outrages profit of 3-5%. The real rate is currently 74.6% which you can get closed to at Ozforex.com

    follow real rates at XE.com
     
  5. brewster

    brewster Member

    Joined:
    Sep 6, 2012
    Messages:
    354
    Location:
    Portland. Vic. Australia
    Thanks Aussie Yank. Obviously I'm naive in this area, just went in to settle credit card and saw those rates and 'jumped'.
     
  6. Aussie Yank

    Aussie Yank Member

    Joined:
    Mar 24, 2015
    Messages:
    105
    Location:
    Eastern Suburbs Sydney
    Brewster

    try not to use BIG Bank credit cards overseas, it will cost you 5% or so. And when an ATM asks you to fix an exchange rate NEVER agree, just let it float. You will save 3% instantly

    i just came back from Europe on vacation during all of June. Used a credit union credit card and paid no fees and within 0.5% of actual official currency rate. Saved hundreds of dollars in fees

    your original posting rings true, tesla will have to raise its prices soon


    with my P85d in production, it has been a wonderful day".......
     
  7. cynix

    cynix Member

    Joined:
    Jul 7, 2014
    Messages:
    653
    Location:
    Sydney, Australia
    I use BankWest Zero Platinum when overseas. Very good exchange rate.
     
  8. Gabz

    Gabz Member

    Joined:
    Jul 28, 2014
    Messages:
    232
    Location:
    Newcastle NSW
    I found that torfx.com.au gave me a slightly better rate than ozforex. /slightly off topic.
     
  9. Sluggabed

    Sluggabed Member

    Joined:
    May 3, 2014
    Messages:
    56
    Location:
    Australia
    And the other consideration associated with the sting of a price correction for our ever falling peso is the numerous taxes that add about 50% to whatever price Tesla needs to add. I just wish we'd fix to the USD and forgo the myth of a floating currency
     
  10. Aussie Yank

    Aussie Yank Member

    Joined:
    Mar 24, 2015
    Messages:
    105
    Location:
    Eastern Suburbs Sydney
    Speculation: AUD Down Monday (Greece) -- Tesla Price UP soon after

    Continuation of Brewster's speculation about the AUD/USD ratio, and the effect on Tesla local pricing, let me propose the following:

    • Scenario One: Germany gets tired of the Grecian politics and grandstanding and does not approve Greece's most recent submission to the EU. This story must end by midnight Sunday, local time (7am Monday Australia). The AUD plummets down 2-3 cents, taking the Australian market with it. The results in Tesla taking a bath on recent orders and therefore RAISES the price of the car by 5-10% by mid August (perhaps sooner)
    • Scenario Two: Germany gives into the idea that protecting the EU membership is more important that loosing a few billion Euros, and goes with Greece's plan. AUD up to 77 cents, no price increase in near future for Tesla

    Time is running out in Europe, decision should be soon....:scared:
     
  11. Dborn

    Dborn Confirmed

    Joined:
    Aug 26, 2011
    Messages:
    2,078
    Location:
    Sydney, Australia
    The greasy problem is really annoying. How does one minor European country have such massive global effect and bugger up my super fund?
    You heard the latest joke? They are now printing the Euro on Greece proof paper!!!
     
  12. Aussie Yank

    Aussie Yank Member

    Joined:
    Mar 24, 2015
    Messages:
    105
    Location:
    Eastern Suburbs Sydney
    It is time again for another price rise

    The Aussie dollar is toast:cursing:
     
  13. ZTrekus

    ZTrekus Member

    Joined:
    Feb 8, 2015
    Messages:
    771
    Location:
    Sydney, NSW
    I agree, it sure looks that way. But do you have any inside info on this?
     
  14. Aussie Yank

    Aussie Yank Member

    Joined:
    Mar 24, 2015
    Messages:
    105
    Location:
    Eastern Suburbs Sydney
    No inside info, but inSIGHT into the obvious disconnect. The price of the car in Australia measured in USD is "equal to"/"lower than" the price in California, INCLUDING taxes.
    Not a good situation for Tesla. This has to be corrected soon.
     
  15. ZTrekus

    ZTrekus Member

    Joined:
    Feb 8, 2015
    Messages:
    771
    Location:
    Sydney, NSW

    Ah yes but they could correct it by lowering the price in the US... Not necessarily increasing AU...

    Coz what was once expensive to make is now cheaper and quicker and all that jazz
     
  16. WA-T3sla

    WA-T3sla Member

    Joined:
    Apr 25, 2015
    Messages:
    121
    Location:
    Perth, WA, Australia
    On the bright side it gives them some incentive to hurry up and deliver our cars though ;)
     
  17. Aussie Yank

    Aussie Yank Member

    Joined:
    Mar 24, 2015
    Messages:
    105
    Location:
    Eastern Suburbs Sydney
    huh?? you already have the cheapest supercar in the world. If you read their P/L they are loosing HUGE amounts of money, so every car they sell at the moment is a financial loss. Take a look at their cash bleed, mind boggling.

    And yes, hoping the cars show up soon (mid September), and get modified to ludicrous quickly....and then the rallies and fun begins !!
     
  18. meloccom

    meloccom Moderator Aus/NZ

    Joined:
    Feb 11, 2008
    Messages:
    1,320
    Location:
    Sydney Australia
    I do apologise, the fall in the $AU started the moment the market discovered we were going on an overseas holiday.
    Should go right back up as soon as we return after the October long week end. :cursing:
     
  19. ZTrekus

    ZTrekus Member

    Joined:
    Feb 8, 2015
    Messages:
    771
    Location:
    Sydney, NSW
    Very funny meloccom...

    that's like me - I buy shares, they go down; I sell them, they go up. Why I reckon it's because I bought a D that the RHD D's became delayed! So I would recommend NOT going on a holiday with me...It will rain!
     
  20. Brissienew

    Brissienew Member

    Joined:
    Dec 9, 2014
    Messages:
    22
    Location:
    Brisbane, Queensland
    I suspect a price rise is imminent.
    Meanwhile BMW has reduced the M3/4 by 16k.
     

Share This Page