|
|
|
|
|
|
BMW Garage | BMW Meets | Register | Today's Posts | Search |
|
BMW 3-Series (E90 E92) Forum
>
Buying a BMW Outside the USA
|
|
09-15-2010, 07:35 PM | #1 |
Major General
1048
Rep 5,660
Posts |
Buying a BMW Outside the USA
Just curious, what does a BMW (model) cost to buy (not rent/lease) where you are, in local currency?
What amount would one need to earn annually (in local currency) to comfortably afford that model of BMW where you are? What makes them be so expensive/inexpensive (if so) where you are? For the purpose of the question, I'd say that the local currency equivalent of $60,000 US is expensive, at least for a 3er as that sum would pretty much buy any 3er you'd want to buy in the US (a relatively unoptioned M3 could even be had for that amount). I'm just curious because I've seen quite few posts where folks mention prices that seem wildly high to me, particularly considering that if the prices cited are accurate, nobody earning an "non-stellar" salary could afford one. Moreover, it makes me wonder why folks in these countries even buy them. I have some friends/colleagues in a variety of countries (UK, France, PRC, Argentina, Canada, Mexico, Hong Kong, Japan, Holland) but they all have jobs that offer the local currency "purchasing power" equivalent of what the same job would pay here in the US. That is, if here one would have a US salary of 100000/year, and the exchange rate is 1.7 dollars to one local currency unit, the folks I know would make about 170,000 local currency units per year. (that isn't necessarily fully accurate, but I think you get the idea....)
__________________
Cheers,
Tony ------------------------------------------------------------------------------------------ '07, e92 335i, Sparkling Graphite, Coral Leather, Aluminum, 6-speed |
09-15-2010, 08:49 PM | #2 |
Lieutenant Colonel
76
Rep 1,644
Posts |
Taiwan = a little over double. That's why BMW's don't mean much to Asians here State-side (especially California). It's pretty much the standard student equipment.
__________________
Former car
2011 BMW 335i Step - Montego Blue / Chestnut Brown |
Appreciate
0
|
09-15-2010, 09:35 PM | #3 |
New Member
0
Rep 22
Posts |
here in the US, bmw to taiwanese are like camry to the regular folks.
The earning delta in china and taiwan can vary by 10 folds, as in the US the average earner maybe taking home 50 grand a year, and well off individual maybe earning 100 grand a year. well u get the idea..... |
Appreciate
0
|
09-16-2010, 11:55 AM | #4 |
Lieutenant
24
Rep 533
Posts |
I know for the most part, BMWs are much more costly in other countries. I was looking up M5 prices in Brazil and it was around $180k. It doesn't seem to make sense the cars would be so costly in some other countries where the average per person salary is much lower.
Is it BMW choosing to do this, or just a combination of exchange rates and higher taxes elsewhere? |
Appreciate
0
|
09-16-2010, 12:13 PM | #5 | |
Supreme Allied Commander
1963
Rep 61,781
Posts
Drives: A BBS WHORE
Join Date: Jul 2007
Location: .
|
Quote:
Currency exchange and import tax plays a major role if you buy an European import in other countries. A 335iA E90 in Hong Kong is listed MSRP (Net Price) HKD $649,000 (Approx. USD 84,000). That's I believe before the tax and high first time registration tax. High Euro exchange rate plays a big factor, if BMW is planning to make a certain profit margin on each vehicle. The price will be raised to offset their loss in exchange rate.
__________________
|
|
Appreciate
0
|
09-16-2010, 01:44 PM | #6 | |
Member
6
Rep 84
Posts |
Quote:
|
|
Appreciate
0
|
09-16-2010, 02:09 PM | #7 |
Lieutenant
21
Rep 549
Posts |
If we're talking 3rd world/2nd world countries, taxes usually are pretty steep on luxury items. And usually almost everything that's better than a Kia is considered luxury.
Another difference is the cost of living. If you're rich in one of these countries chances are you have a lot of money to spend, as everyday life is very cheap. So I'm guessing the dealerships make more money per unit sold. But then again, life is a real pain since you've got a lot of people who are not afraid of using violence to get what's yours. Looking over your shoulder, having guards guarding your house and carrying guns gets boring over time...and the cars are very expensive! Cars in the Us are cheap to Europeans now, but that's mostly because of the current exchange rate. |
Appreciate
0
|
09-16-2010, 02:18 PM | #8 |
Colonel
54
Rep 2,197
Posts |
I'll base my prices on a 330d, because I own one.
AUSTRALIA Australia is shockingly expensive. A 330 diesel will be about A$110,000 drive away, perhaps $105k with a bigger discount. Average income is about A$60,000pa before tax, so this is about 95 weeks pre-tax pay In addition there is state stamp duty in Australia which is included in the above drive-away price but is ALSO paid by subsequent purchasers when they buy that same car as a used car. UNITED KINGDOM UK: A 330 diesel with usual options is about GPB38,000 drive away. Average income is about GBP27,000 before tax, so this is about 73 weeks pay. |
Appreciate
0
|
09-16-2010, 02:23 PM | #10 |
Colonel
54
Rep 2,197
Posts |
The price of nice cars in Australia really pisses me off, because I like nice cars. They have picked on cars which are heavily taxed and decided other 'luxury' items like private jets, power boats, yachts, jaccuzis, luxury houses, private swimming pools and every other luxury item you could think of is exempt. It is one reason why I'm not in a major hurry to go back to Oz and do things like benefiting the Oz economy by paying income tax.
Higher spec models get even more expensive, because of a 33% luxury car tax on prices over A$57k. But there is also stamp duty on the 33%LCT, which is a tax on a tax and brings the effective tax rate including GST of 10% to about 45% total. |
Appreciate
0
|
09-17-2010, 09:05 AM | #11 |
Major General
1048
Rep 5,660
Posts |
It seems clear that the USA, regardless of its faults, is at least a relatively good place to reside if you are economically upper middle class. There are likely some places that are better financially, but most of them, you'd not want to live in unless you are stratospherically wealthy.
__________________
Cheers,
Tony ------------------------------------------------------------------------------------------ '07, e92 335i, Sparkling Graphite, Coral Leather, Aluminum, 6-speed |
Appreciate
0
|
09-17-2010, 09:12 AM | #12 |
Colonel
135
Rep 2,517
Posts
Drives: '11 335xi e92 M-Pak
Join Date: Mar 2009
Location: GTA/KW, Canada
|
US is the cheapest place in the world to buy a BMW or even most mass production cars.
My 2011 e92 xDrive with loaded options (Metallic paint, M-Package, Navigation and Executive Package (w/Individual Audio) came to about $72k CAD! (with tax) :/ sometimes I don't even want to think about it. |
Appreciate
0
|
09-18-2010, 01:56 PM | #14 |
EXPAT
65
Rep 889
Posts |
There's an easy way to figure this out: Simply go to the BMW's main site, then pic the desired country, and then "build" the car.
For example, www.bmw.nl (Netherlands) allows you to build and price via the "Configurator". Given that the sales and luxury tax are built into most European cars (which adds up to around 40%), you'll find that the cost is often more than double the US price (when you consider the Euro to Dollar exchange rate). |
Appreciate
0
|
09-18-2010, 04:22 PM | #15 |
Private
6
Rep 97
Posts |
I'm originally from Hungary so naturally I priced out the BMW I ordered here in the US.
E90 228xi 6MT Montego Blue, ZPP, ZSP, ZVP, ZCV, HK Sound, Heatied Steering Wheel, Folding Seats. MSRP in the US $44,765. It sells close to $90K in Hungary for something equally optioned. |
Appreciate
0
|
09-18-2010, 07:18 PM | #16 | |
Major General
1048
Rep 5,660
Posts |
Quote:
What amount would one need to earn annually (in local currency) to comfortably afford that model of BMW where you are? What makes them be so expensive/inexpensive (if so) where you are?
__________________
Cheers,
Tony ------------------------------------------------------------------------------------------ '07, e92 335i, Sparkling Graphite, Coral Leather, Aluminum, 6-speed |
|
Appreciate
0
|
09-18-2010, 08:48 PM | #17 | |
Private
6
Rep 97
Posts |
Quote:
I would put the average take home (after taxes, health care, social security, etc.) salary in Hungary around 100,000-150,000 Hungarian Forints per month which equates to about 500-750 USD. (I actually found this link: http://www.worldsalaries.org/hungary.shtml , it should give ou a better idea as to what people make) Now if you think that a nicely equipped 328i costs $80K you can quickly deduct that it's not within the realm of the average Hungarian to own such a vehicle, actually it's not really within the realm of most of the Hungarian population. The big difference is that people usually don't have a hefty mortgage like we do here. They used to save up for their place, have their parents save up and help out or they simply live with their parents until they can afford their own place. Houses and apartments are generally much smaller than what we're used to here (I live in TX, CA and NY is different than here too). I'll also state that my father owns his own construction business, employs about 20 people, makes well into net 6 figures in USD annually so he can afford a BMW. He drives a 2006 VW Touareg V6 TDI fully loaded as well as a Saab 93 Wagon. Before the Saab he had a MB SLK, before the T-reg he had a B5 VW Passat Wagon 4-motion TDI, an Audi A6 Avant, an Opel Omega Wagon, An Audi A4 Avant, an E39 525i, an Audi 200, an Audi 100. He had a couple of stupid American "exotics" thrown in there here and there, Jeep Grand Cherokee Limited and a Chevrolet Lumina APV (don't ask! he had a minivan phase), Geo Prizm (!) as well as a Toyota Previa minivan and some other garbage. He puts around 40k miles on his cars per year so he goes through a lot of cars. He bought my adult, 30+ year old, sister a used C5 Audi A6 a couple years ago. My sister makes around $800/month with two college degrees working as a project bidding agent (she collects bids from subs, negotiates prices and hires the best ones) for a large construction company who does commercial buildings, airports, subways etc. Her husband is a self employed surveyor making about the same money she does. I hope that answers some questions as to just how good we have it here in the US compared to Hungary. Last edited by GTakacs; 09-18-2010 at 09:02 PM.. |
|
Appreciate
0
|
09-19-2010, 03:54 AM | #19 |
Captain
25
Rep 642
Posts |
My 2011 e92 325i (218BHP 2.5 litre, not the de-tuned 3.0 engine) listed at $2 650 000 NT which is $84 000 USD. Step up to the 335, and you are looking at $105 000, and a 320i E92 is about $72 000. Of course you can get some goodies thrown in (I had tint, radar detector and a couple of other things).
When people in Taiwan buy cars, they pay cash on the barrel head for the most part. As a Canadian living here, I've grown to appreciate this! I literally brought $2.65 million in cash with me to the dealership! And the bills here are 1000NT notes, so I had a BOAT load of cash after I came out of the bank, hopped into a taxi, and got a ride to the BMW dealership! (no i did not tell the driver I was going to BMW just in case! haha) CRAZY! But my sales guy acted like it was the most normal thing in the world! As for affordability . . . the average FAMILY income in Taipei is about $1 million NTD. So with the car at $2.65million dollar, I wouldn't put that in the 'affordable' category. Also, because of taxes on foreign built cars like BMW, you can get a 3.5L Taiwan built Honda Accord for about $1.3million. That said...BMW, Benz and Audi are not a rare site on the roads of Taipei. |
Appreciate
0
|
09-21-2010, 05:26 AM | #20 |
New Member
2
Rep 7
Posts |
I saw someone posting eariler about the price of base 320i in Indonesia and would like to elaborate a little bit of prices here. Based on a quick wikipedia search I found the nominal GDP per capita income here to be USD 2,329 as per 2009 estimates (compared to 46,381 in the US). Which means basically on average people here live on less than 200 bucks per month. Despite Indonesia's extreme poverty, car prices here are much higher than most other countries in the world.
Here are some BMW price estimates converted to USD: e90 320i = 63k e90 325i = 80k e92 320i = 95k e92 325i = 105k e92 330i = 122k e92 335i = 133k e92 M3 = 207k e93 325i = 140k e93 330i = 151k e89 Z4 35i = 202k f10 528i = 117k f10 535i = 145k f07 535i = 171k e63 650i = 227k f01 740Li = 260k f01 750Li = 325k f01 760Li = 409k Based on this information, you can guess that over here you need to be pretty high above the average income to even consider trying to buy a BMW. So you guys in the US should consider yourselves lucky. |
Appreciate
0
|
09-21-2010, 05:48 AM | #21 | |
Lieutenant Colonel
419
Rep 1,690
Posts
Drives: 911 992 C2S
Join Date: Oct 2007
Location: Hong Kong
|
Quote:
these are the prices in hk after tax: http://bmwhk.com/com/en/newvehicles/prp/index.html
__________________
Current 2021 Porsche 911 992 C2S
Sold 2021 X7/2018 X5/2014 X5 Sold 2013 520i/2010 325i Sold E90 335i M Sport Alpine White|Tokyo Sold E36 328i Jet Black|NYC |
|
Appreciate
0
|
09-21-2010, 06:13 AM | #22 |
New Member
1
Rep 20
Posts |
In Malaysia....
2011 BMW 335i M-Sport with DCT (well.....this is the ONLY 335 you can buy from the dealership!) The only thing you can choose is the color Will set you back USD 161k!!! (based on today's exchange rate) And of this, 54k is paid to BMW 107k is paid to the government in taxes (200% in taxes) Of course, we haven't factored in insurance yet.... |
Appreciate
0
|
Bookmarks |
|
|