Just went into the Indooroopilly BYD dealership and they're offering an additional $1000 cashback on top of the existing $2023 cashback offer.
I was told this offer hasn't been published and only applies to those who sign a contract at the dealership, and they weren't sure if it was nationwide.
Apparently this deal will only last this weekend.
Any discount on new or used cars (except complete trash) is pretty rare these days.
That's definitely changing, fast. Especially in the US the used car market has come down heavily, and is dropping here too. New car demand has been softening/expected to soften.
Based on? I guess you missed carvana's latest results
I've been getting flooded with ads of cars discounted ~$3000-7000 off MSRP for the past 2 months or so.
Any discount on new or used cars (except complete trash) is pretty rare these days
Anyone who does any basic google research will find that EV discounts are far and wide lately, margins of new and used cars are falling.
read between the brackets.
Just put a deposit down on a car that's basically out of stock, with a 6k discount, to get me under the EV FBT threshold.
In Queensland… $3023 BYD cash back + $6000 Qld Government rebate = $9023 off of a brand new EV. It was more than enough to tempt me to buy.
Shame NSW Government has stopped the EV rebate. Really hope to get a few thousand dollars saving on the Dolphin.
@botchie: main point is that all government "rabates" are skewing a market , which is unnecessary and often contraproductive (first home buyers rabate as a prime example)
@radissimo: Exactly. Government subsidies are, generally, a bad use of taxpayer money - and helping middle-class people to buy a nice new car is an example of that.
@R4: Hard to generallise with subsidies. Some can be great to encourage a nascent industry to scale (think solar 20-30 years ago), others are clearly negative (cutting fuel excise or giving free amything to a business like water to a mine). Some start as good and work their way into the grey and then bad (the ev $3k ev subsidy in NSW).
@radissimo: How’s the first home buyer grant ‘contraproductive’?
Out of all of them it’s a great idea IMO
@kirkleton: Generally what happens is it just increases the price of the asset the same amount as the subsidy.
@kirkleton: It's a really really bad idea, it just pushes the prices of houses up further. There's a reason its called the "home owner seller scheme"
https://www.smh.com.au/property/news/governments-spent-20-5b…
@ruprectaus: I don’t think a $10k subsidy plus stamp duty concessions only available to first home buyers (who only make up about 1/4 of sales) have that big an impact on house prices.
And I’m guessing about 20% of those people are building, not just buying.
The median house price has gone up $375k in 4 years. That $20-$30k to help someone get their foot in the door is minuscule in comparison.
That’s my opinion anyway, and I am far from an expert.
I was surprised to see SMH spouting anything about public housing though haha
@kirkleton: All of the subsidies are effectively demand side, adding cash to buyers’ pockets without having enough demand side efforts. Overall effect is that it just adds money to the buying pool and pushes up prices, negating much of the benefit
@orza: $11bn in subsidy pales in comparison to ~$16bn we pay in fuel excise annually. This revenue is used to maintain road infrastructure among other things. Where will that revenue come from if everyone bought EVs? Get ready to be taxed elsewhere.
@dealhunter52: It's actually a myth that the fuel subsidy is used to pay for roads. It all goes into a central bucket and gets distributed out. When the fuel excise was cut in half, we didn't see road maintenance budgets suddenly become half.
@ialam99: Regardless of where is it is spent $16bn is big enough revenue for govt to fund public services. Also, issue is that everyone notices $11bn in fossil fuel subsidies but no one looks at $216bn in revenue those fossil fuel exports generate. Taxes and royalties from that make big chunk of govt revenue.
Australia is not really a manufacturing or technology powerhouse that can replace that massive revenue without serious consequences to our GDP and standards of living. We are a welfare state that is funded by vast resources and fossil fuel industries.
@dealhunter52: An excise is generally used because a product generates harm, in the case of fuel excise there is the obvious pollution. It never should have been used for road maintenance (and now isn't) and should instead have been directed towards health spending.
@orza: Yep. End all energy production subsidies - wind, fossil fuels and solar. A terrible use of taxpayer dollars.
@orza: Except it isn’t a subsidy so please stop repeating the lie without using your brain.
The Australian institute is a left wing greens run organisation putting out blatantly biased and incorrect analysis of which that link is a prime example.
Ben Oquist, who was former Greens leader Bob Brown's chief of staff, was the executive director of The Australia Institute for seven years until July.
He is also married to Greens senator Sarah Hanson-Young.
Mr Oquist's successor Richard Denniss was a senior strategic adviser to Mr Brown before being appointed executive director.
https://adepteconomics.com.au/productivity-commission-says-f…
@botchie: Not wasting anyones tax. Those who can afford to purchase a new car to begin with are barely getting their own tax back with these rebates.
@botchie: You prefer they subsidise the ICE vehicle users by using tax to address the effects of their pollution?
@banana365: what effects of pollution ? is EV some sort of magical vehicle thats made out of recyclables ?
@botchie: Wow, you really don't know. It's pretty common knowledge https://www1.racgp.org.au/newsgp/clinical/vehicle-related-ai…
@botchie: You don’t have to believe in climate change to accept that internal combustion cars add to localised air pollution. If you don’t, you’re just a muppet. There’s a reason there’s a correlation between the distance of schools from a major arterial road and asthma rates at said schools.
@Anthropomorphised: Sure, show me that study for a school in a rural town
While you there show me a study that separates air pollution form a normal car and a truck,bus etc..
After all, we are talking about normal cars here and most modern cars you buy now have very low emissions.
Me being Victorian - what do you mean by rebate? We only had ev tax. Our govt loves to milk us until we bleed
@hopper: Vic had a $3k rebate which ended in June 2023
https://www.drive.com.au/news/victorians-rushed-to-claim-ev-…
@x x: He and we know. They then ruined that benefit with their unconstitutional tax that was struck down in court
@desync: He sounds like a shonky salesperson, that should be at the market selling used Taylor swift tickets.
What was your all-in price?
2-7 off suit under the gun
Is this qld rebate dependent on the salary slabs ?
What does that work out to?
Buy in QLD and bring down to NSW.
Is that possible?
I was thinking exact same thing .. but I will have to ask for favour from friend so I can use their address :) .. nah .. too much hassel I am not doing that
Hello from VIC! the wonderful EV supporting state
Meanwhile in Victoria
how can a Victorian buy it in QLD legitimately?
Good question hoping someone can shed light on this for something similar in other states?
You could rego a business in qld, there is a 3k rebate for them. But they may not get the 2023 byd discount. Or have QLD family or friend buy and transfer rego.
You would need to check out cost for changing rego interstate. Some states but not Vic allow free rego transfers to family members.
Been a Seal owner i think the Atto3 is still over priced even with the discount. The mark up is over $20k AUD compared to their domestic pricing, while the Seal markup is only $7k AUD.
How do you know this?
WHich Seal did you get? I think the Seal Premium model gives best bang for buck. A friend plans to buy a Seal in Qld (he has an address there) and drive it to Melbourne for use there (he will be moving there). He thinks it's possible he can avoid the Vic EV tax because it has Qld rego.
@x x: Got the performance. If he can claim the QLD rebate its a no brainer. There is no EV tax in VIC it's been deemed illegal by our high courts.
@x x: I’ve got the premium and it does everything I need it for. There is no Vic EV tax, it was struck down months ago and drivers are being refunded what they paid
But export models have better quality and material than its domestic ones, BYD is smart when deal with the laws and compliance.
Nah the $1000 is only for demo stock mate
You go check again on Monday
I hope not, because if that's the case then I've been deceived. I was not advised of any additional requirements aside from "sign the contract today and collect by a certain date to get an additional $1000 cash back".
Or $3k if you earn over 180k as a family which is quite a lot of the ev market
Say it's a giftcard…3% and it will be sold out here in 5 mins with a 1000 up votes!
Gift cards are a bit different to a depreciating asset like a new car. They are usually valid for years and we'll always need things like groceries and Amazon/eBay goodies!
With inflation, you gift card's a depreciating asset as well.
if it's a 3% that scales up to higher end models, sure, decent bargain.
but if you're buying a mid-spec Seal or anything above, this post is about 1.5-2%.
At least it's a discount not to pay more than rrp. I just picked up last year's order of Hiace from Sydney Toyota, they charged up $3000 on top of Toyota's curren rrp. Don't like it? Take back your deposit and leave now, that was the option they gave me. They said to me: "we want happy customers, if I am not happy with the (jacked) price, then we don't want to sell it to you. LOL
3% off a $2 cheeseburger isn’t much money 3% off $40,000 car is a bit of money.
Can we stack with any cash back offers ?
The words "cashback/cash back" appear 4 times in the title and description combined ….
I meant Cashrewards or Shopback. Sorry should have been clear
Yeah. Just wait until Shopback's 15% cashback for cars. Just make sure you pay the whole $51,000 within their app, and don't use adblocker to make sure it tracks /s
You need an education: Atto 3 is a BEV not a hybrid.
Your best-built mobile phones on the market (iPhones) are made in China.
@DannyBoy: It's a lot easier to manufacture a car than a phone.
The material cost of the car is higher but the investment and skills required in semiconductor fabrication is enormous.
@eddyah: iPhone processors are not manufactured in China. They're made in Taiwan and/or Korea.
The Chinese are excellent manufacturers but their local chip production is decades behind TSMC or Samsung
@eddyah: You're joking right.. surely you can't think that. We aren't taking about producing a model T Ford here, with today's standards and expectations even the companies that have been doing it for 50+ years get it wrong even with all the billions invested.
Tech is made to last 5-10yrs if that. Consumer vehicles are expected to perform for decades to come (well at least a handful are manufactures try)
@kron: And even China tried to screw over their highest profile customer (BOE display issue). Imagine what they do for generic export cars.
@incipient: "even China" like its one great big homogeneous lump that spits out goods of an identical standard. Do you judge other countries by their worst manufacturing output too?
@kron: great hardware is useless without great software
where do you think the software gets done?
these BYDs are going to be like buying a cheap chinese phone, if they get any software updates after a year or two i'd be surprised
can't imagine spending 50k on this crap
Soon almost all cars will be chinese built…
@cheaptech20: Dunno why so many people are negging you.
Even lots of Japanese cars, like Toyota and Honda are now made in China.
China is indeed taking over vehicle manufacturing. I don't think that is a good thing, but it is reality.
@Poor Ass: I don't believe so. But if China continues to take over more and more of vehicle manufacturer, then it will just be a matter of time.
xrailgun on 24/02/2024 - 14:04 Comment score below threshold.
