Never having purchased a car before in HK, I just looked into the FRT - forgive me if you all knew this already, but for those who didn't, here goes:
Here is how to calculate it:
http://www.td.gov.hk/en/public_serv...mportation_and_registration_of_mot/index.html
(It was revised latest in February 2011:
http://www.info.gov.hk/gia/general/201102/23/P201102230133.htm in case you wondered)
As it stands,
after March 31st, 2014, we will have to apply these taxes:
(a) on the first $150,000 40%
(b) on the next $150,000 75%
(c) on the next $200,000 100%
(d) on the remainder 115%
I did some calculations for you already:
Price before tax - tax - total price
(all prices in 1000s of HKD)
500 - 470 - 970
550 - 827.5 - 1,337.5
600 - 885 - 1,485
650 - 942.5 - 1,592.5
700 - 1,000 - 1,700
750 - 1,057.5 - 1,807.5
800 - 1,115 - 1,915
850 - 1,172.5 - 2,022.5
900 - 1,230 - 2,130
950 - 1,287.5 - 2,237.5
1000 - 1,345 - 2,345
This is to the best of my knowledge of how the rules are applied.
So when we get the HK pricing eventually: Go choose your options, and see above how much you have to bleed extra (in case you don't make delivery by March 31st 2014).
Some points of interest:
- As the tax is most steep after 500K, that is where
all the options are going to be (115%).
- A medium spec Tesla will (after 1-4-14) generate 1M HKD to HK SAR
-
Anything you add to the basic production Tesla model S after March 31st, 2014 - will cost you
MORE THAN DOUBLE UP of the original price.
- A FULL spec Tesla model S will probably cost just over 1 million HKD until April Fools Day 2014 (Signature Performance, with all the extras you can get)
- A ZERO spec Tesla model S will probably cost just over 1 million HKD after April Fools Day 2014 (scraped down production model, smallest battery)
- In other words, most likely (not knowing HK prices yet), the most expensive Tesla model S
BEFORE 1-4-14, will be
CHEAPER than the CHEAPEST PRODUCTION MODEL
AFTER 1-4-14
- If the FRT exemption isn't revised, an owner can potentially make 1.25 to 1.5M HKD on selling his (highest spec) model S after 1-4-14, as the price will go from around 1M to 2.5M in a split second