Quote:
Originally Posted by amk2912
d3syd...so if you pay for your car tomorrow guess who wins?
The dealer gets to sit on your money and earn interest or offset his costs on getting your car, which he hasn't got yet.
You pay cash..you lose out on interest you would have earned if you held on to the money for another month or two.
You finance the deal - you pay interest on the loan for something you haven't got. The lending institution would probably want to know the VIN/rego of what they are securing the loan against.
You use your overdraft - you pay interest on the amount, and still don't have the car.
Basically those of us taking delivery after 1 July 2008 are screwed. We are reaping the benefits of all those who voted Labor because they thought it was time for a change or they thought Labor could do better than a govt that had a proven track record in fiscal management.
This short sighted action on LCT will achieve little other than demonstrate that this govt actively discourages hard work and achievement.
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You are absolutely right. But if the tax is 1 july intro, I'll miss it:thumbup:
Bunch of inexperienced left-wing do-gooders, the lot of them
