Negative gearing and quick solves that issue

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Funny looking German Subaru

lol

yeh exactly, an STi/Typhoon/Clubby sits above that mark and is nowhere near luxury..

IMO LCT is just another form of economic protection to protect the inefficient domestic manufacturers against much better imports (merc-beemer-audi etc) that would otherwise have a similar price, problem is nowadays even the locals are costing more than the threshold !!

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Current rides :Black FPV Typhoon, WRC Blue 03 WRX manual sedan with 3" exh and defi's, old skool lime green mazda 929 with auto swingin air vents and 14" chrome hubcaps, 5'2" blonde

Hah yeah, I was using very big generalisations But the point is still the same.

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[COLOR="Gray"]550Nm off a 2L... Just wish it was in the dak dak...[/COLOR]

I know - tongue in cheek dig.

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Arguably my Automobile is Awash with Alliteration - Subaru Sti S202

I may be wrong but the only reason for buying a luxury vehicle in these circumstances would be for work, therefore all costs are tax deductable including depreciation which is usually huge on luxury vehicles.
A mate of mine usually buys a new BMW every 2 yrs as a company car, sells it off to his mates cheap "wink wink" then claims a massive loss & pays much less tax on his huge wage.
I think the reason for the luxury tax may be to discourage people from doing this.

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Beaten up old 98 Gen 2 Liberty, 13.0, stock V3 STI running gear.
07 Transit motor home
69 VF & 70 VG Valiants needing full restoration
Yamaha Zooma 50cc rocket hopefully going with the Transit.

You can only depreciate up to the luxury car threshold (i.e. $57k). Also as a work vehicle you will have to pay FBT on any private use etc etc etc. It is not big win as people make out.

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[COLOR="Gray"]550Nm off a 2L... Just wish it was in the dak dak...[/COLOR]

agreed 100% it's a tax break but it aint huge

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Funny looking German Subaru

nail + head = hit.

It shouldn't be up to the average aussie worker to pay more for better imported cars simply because the australian auto industry is not up to scratch. Its not our fault that the domestics cannot compete so why should a lot of the desirable cars on the market be priced out of the average aussies wage.

VE Commodore is a prime example. They keep going on about how its a world class car yada yada because its being sold in the states under Pontiac.
Never mind the $50k VE here is being sold for just under $30k over there, otherwise it would not have a chance.
$50k over there buys you a new M3, which the VE is simply no match for.

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Current rides :Black FPV Typhoon, WRC Blue 03 WRX manual sedan with 3" exh and defi's, old skool lime green mazda 929 with auto swingin air vents and 14" chrome hubcaps, 5'2" blonde

[/[/B]QUOTE]
VE Commodore is a prime example. They keep going on about how its a world class car yada yada because its being sold in the states under Pontiac.
Never mind the $50k VE here is being sold for just under $30k over there, otherwise it would not have a chance.
$50k over there buys you a new M3, which the VE is simply no match for.[/QUOTE]

Oh god please don't get me started on this issue.....we pay thru the arse for cars full stop!

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Funny looking German Subaru