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      12-16-2007, 03:44 PM   #14
Drives: 02
Join Date: Jul 2006
Location: nj

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Originally Posted by jayparry View Post
Not at all. The savings comes from the fact the car will be imported as a used car saving BMW a ton of taxes/tariffs instead of importing it as a new car. The savings is passed to us.

The savings are not a result of different taxes or duties, as many people speculate. The duty on an imported car, whether new or used, is 2.5% of the declared value. In other words, duty makes up about $1000-$1500 of the price a 3-series BMW. Any reduction in value because it is used would not significantly change the amount of duty. Even a full exemption would not fully account for the price savings of ED.

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