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      02-16-2013, 06:01 PM   #148
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Originally Posted by racer_x View Post
Speculators were not counting on BMW selling 200 1Ms in Aus.

Pardon my ignorance but what was the last BMW model that made any money for speculators? The transaction costs would eat most "profits" no?
302 cars actually, but who's counting.

Given our tax system for the automotive industry, ie LCT, GST, STAMP DUTY et al, it is very hard to make money out of any car on resale. You always loose that money, someone else has to pay more tax if they are buying your "used" car...... Again. Take tax out of the equation and they (1Ms) are doing really well.
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