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Fiji Car Club Endorses Move To Publish Vehicle Costs

The Fiji Car Club has welcomed the move by Government to publish the landed cost and selling cost of all vehicles in the country from August. Fiji Car Club President,
01 Jul 2016 09:43
Fiji Car Club Endorses Move To Publish Vehicle Costs
Raizal Haniff

The Fiji Car Club has welcomed the move by Government to publish the landed cost and selling cost of all vehicles in the country from August.

Fiji Car Club President, Raizal Haniff, thanked the Government and the Minister for Finance, Aiyaz Sayed-Khaiyum, in particular, for this initiative.

“We feel our members will now purchase cars at a very reasonable rate,” he said basing this on the possible competition and price war that would be created now.

Mr Haniff highlighted, second hand Honda CRZ hybrid cars, used to be sold for between $26,000 to $28,000.

“After my research, I found out that a dealer lands this particular model for around $14,000 to $16,000,” he said.

He said this was very unreasonable and the markup was very high.

“When the Minister for Finance in the Budget that motor car dealers make $8000 to $10,000 from these cars, this is a fact and is absolutely correct,” he said.

Mr Haniff believes now many of the Fiji Car Club members can live the dream of owning a sports car such as Honda CRZ once the prices of these cars become more reasonable.

“Government is trying to develop the nation by having duty free concessions on hybrids and yet motor car dealers decide to benefit from this and not pass the benefit on to consumers,” he said.

“They have benefited enough and now it’s time for consumers to enjoy the duty free concessions from Government.”

Mr Haniff reminded that duty will be introduced on second hand hybrids from January 1, 2017.

However, he said it is still minimal and should not see substantial increases in the prices of second hand hybrids.

“But in the meanwhile, consumers can still now buy second hand hybrids at a duty free cost,” he said.

Mr Haniff has also urged all hybrid car buyers to please check thoroughly before purchasing a hybrid.

“If resources are available, do get a technician to check out the cell of the battery,” he said.

 

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