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Hong Kong is full of luxury cars, is it really cheap to buy a car?

label: 2021-12-12

Whether walking on the streets of Hong Kong or in Hong Kong film footage, we always see many luxury cars. It seems that Hong Kong people are more keen to buy luxury cars. Luxury cars such as Lamborghini and Ferrari are commonplace on the road.

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Indeed, the proportion of luxury brands in the Hong Kong car market is very high. Toyota, Mercedes-Benz, BMW, Lexus, and Porsche are all best-selling car brands in Hong Kong.

Are Hong Kong people so rich? After you get to know the city of Hong Kong in depth, the answer to this question will naturally be there.

It's not that Hong Kong's rich and powerful people are rotten on the streets, but it's not worth buying cheap cars.

◆◆Buying luxury cars is cheaper than inland ◆◆

"Hong Kong has no import duties, so buying a car is very cheap."

Have you heard of this statement?

In fact, this is wrong, or it is only half right.

In Hong Kong, although there is no tariff for buying a car, the Hong Kong government has imposed a first registration tax in order to limit the number of cars. The tax rate ranges from 46% to 132%. The tax is actually not low.

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When buying a car in the Mainland, look at the price of a car dealer, while buying a car in Hong Kong looks at the landed price.

★ If you buy a car in the Mainland, taxes and fees are calculated into the selling price according to the guide price and displacement.

★ Unlike the direct tax-included billing in the Mainland, the vehicle price in Hong Kong does not include the "first registration tax" (ie the bare car price), and the tax on all imported vehicles is directly borne by consumers, that is, they need to be paid in the car. Tax is calculated separately in addition to the price.

Give a chestnut

Take our favorite van "Toyota Alpha" as an example:

The price of Toyota Alpha in Hong Kong is 660,000 Hong Kong dollars (about 530,000 yuan), while the domestic manufacturer’s guide price is as high as 610,000. Besides, the terminal still has a price increase of more than 100,000 or 200,000 yuan, so Hong Kong buys Egypt. Alfa is hundreds of thousands cheaper than the mainland.

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In general, Hong Kong generally buys a car: cheap cars are more expensive than the mainland, mid-to-high-priced cars are slightly more expensive than the mainland, and ultra-high-priced cars are often cheaper than the mainland.

For example, sports cars and luxury cars, such as Ferrari, Maserati, and Bentley, are generally cheaper than the mainland.

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But the "first registration tax" also has a good side. If you buy a second-hand car, you won't have this tax at all! Therefore, Hong Kong's second-hand market is very developed.

There are many brands and models of imported cars from Hong Kong, and the materials and craftsmanship are also very good. In addition, Hong Kong people pay attention to vehicle maintenance and the vehicle depreciation rate is low. Therefore, buying second-hand cars in Hong Kong is very cost-effective. Many Hong Kong people like to buy second-hand cars. .

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◆◆Buying a car is not as expensive as keeping a car◆◆

In Hong Kong, buying a car is only the first step in breaking money.

After I bought it, I discovered that the car is more expensive to drive and more expensive to stop.

The price of oil in Hong Kong is two or three times that of the mainland, the parking fee is more than three or four times, the maintenance fee is more than one and two times, and an annual license fee of 81 million yuan...

Take the most exaggerated parking fee as an example. Office buildings are 3000-5000 Hong Kong dollars per month, residential areas are 2000-5000 Hong Kong dollars, and urban parking spaces are 30-60 Hong Kong dollars per hour. Want to buy a parking space? Please budget 1 to 4 million.

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Even more exaggerated is the transaction price of the most expensive parking space has reached tens of millions!

In June of this year, Mount Nicholson, the former super luxury mansion at the top of the Asian House King, sold some parking spaces through a tender last month. The highest price of the parking space reached 10.2 million Hong Kong dollars!

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With such a large parking space, the price is 9-12 million. What kind of car is eligible to park on it?

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Gas fees, parking fees, maintenance fees... Such high car costs have excluded most people. Low- and middle-income groups can afford cars, but they can't afford them at all. For high-income groups, since it costs so much to buy a car, why not just get in a luxury car?

In addition, in Hong Kong, a large middle-class group can fully afford a luxury car.

The median monthly income of Hong Kong residents is around 20,000 (the median is not the average). It is common for civil servants and teachers to earn between 60,000 and 70,000 a month, not to mention huge professionals such as doctors, lawyers, and financial practitioners. . The annual family income of these people is more than 1.5 million.

So, driving a good car is not a big deal, right?

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