Finally, after 6 months, the Japanese have agreed with their local counterparts to continue squeezing us with high taxes (no thanks to KAK PIDAH and her ministry)
Click on the title for the article written last September 2008 for some historical review.
The price for the 1.3 litre Civic Hybrid has been revealed at a staggering RM 126k (almost!)
I don't think they'd go for a 0 % interest promotion like Chevrolet (or would they?)
I still can't get the MATH to work out.
The following calculation reveals the OLD price WITH TAXES at almost RM 160k. You can test this in your favourite spreadsheet:
ACTUAL Value: (A) = 63,205.12
100% import duty: (B = A*100%) = 63,205.12
50% excise duty: (C = A*50%) = 31,602.56
Selling price: (D = A+B+C) = 158,012.80
So how does one get 126k? Somehow I think either I flunked my MATHS class for Engineering or the calculation is done by someone whose IQ is less than my waistline.
The ONLY logical equation I can see here, is that the price is ACTUALLY RM63k, but there's this ECONOMIC element called PROFIT.
So just add RM 63k profit to original price of RM 63k, and voila, you get 126k! Now that sort of calculation, I am sure someone with an IQ below my waistline could definitely pull off!!!
Just to jog our memory regarding the tax issue on Hybrids in Malaysia from our very "transparent" Budget 2008, no more taxes for Hybrid cars! Check item # 102. The keyword is EXEMPTION! (But can still add profit mah!) I dare anyone from Honda to REVEAL their calculation!
Get the OBI Index for transparency in PDF format here. Else just view the rankings here!
Thanks to my good buddy Paul, who's got a full write up here.
Obviously you can audit this claim by checking Honda's own site here.
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