R35 Stealership Charges

[kitch15]

I agree with what you're saying, but not sure how your customer got one for $170K under the current exchange rates. At the momeny 1 AUD buys 62 yen, and over the last few weeks it's even been down in the 50s.

so 8.9mil at 62JPY/dollar = $143,000

GST 10% = $14,300 ($157,300)

Duty 10% $15,730 ($173,030)

so that gets us to over $170K and we still haven't calculated LCT, or shipping, or any japanese costs. LCT will be around $30K. (actually can't remember if they did the LCT on the tax inclusive cost of car, or just the FOB value like they do with the duty and GST. if it is on the FOB LCT will "only" be $20K).

at current rates if I were to buy another R35 today I'd be estimating around $220K on road.

The one I have coming at the moment will almost certainly be the last one. luckily it was paid for when the AUD was still mighty strong, so I'll only be asking the old rate for it.

The thing with nissan is though they would have almost certainly hedged against their first 6 or 12 months allocation when they announced the pricing, so they probably hedged when the dollar was buying high 90s JPY. So at least for their first few batches they should be right. after that who knows what will happen.

Exchange was at around 70 at the time.

Curency hedging is a technique generally used by manufacturers when they are aware of quantities and allocations. At the time of Nissan's announcement, they were undecided as to which scheme they were intending to import the R35 model, let alone quantities.

Looking at the fineprint of the current contract of sale, there is a 'subject to change' clause which wouldn't surprise me if Nissan use to their advantage. $200K as a minimum is what I genuinely believe we will see the R35 at, when and if it arrives

[sh@un]

there's no 'if' about it

[Gibbo_R35]

I think you will find that the contract for sale of motor vehicles are fixed price. The only variation that is permitted in the GTR sale is for LCT or other government taxes. There is no allowance for exchange rates or dealer price increases.

I know my contract is fixed price except for taxes. The exchange rate against the yen can drop to 0.001 for all that matters on my buy price. It may even help resale.

Cheers,

Gibbo

[kitch15]

I think you will find that the contract for sale of motor vehicles are fixed price. The only variation that is permitted in the GTR sale is for LCT or other government taxes. There is no allowance for exchange rates or dealer price increases.

I know my contract is fixed price except for taxes. The exchange rate against the yen can drop to 0.001 for all that matters on my buy price. It may even help resale.

Cheers,

Gibbo

Yes there is Gibbo. If you look at the clauses of the contract closely, the fixed sale price is subject to more changes than just LCT and taxes. Nissan simply cannot justify a business case by bringing these cars in at current exchange rates based on the prices it quoted pre massive depreciation. I am not saying that a new pricing strategy will be announed upon its launch. All I'm saying is to be potentially prepared for it if it does.

[R33GTRKid]

you will also find that Nissan will need to pay taxes when they bring the car into the Country. The GST and Customs taxes will be assessed on the day the cars leave Japan, so the exchange rate will most definitely increase the taxes you have to pay by a shit load.

[LSX-438]

you will also find that Nissan will need to pay taxes when they bring the car into the Country. The GST and Customs taxes will be assessed on the day the cars leave Japan, so the exchange rate will most definitely increase the taxes you have to pay by a shit load.

Do you mean for people who have signed/deposited contracts with Nissan? People buy imported cars all the time don't they, some of which may be special order (built back in country of orgin). I doubt all these new cars have price adjustments based on the FX rate. Is that common? If i had a signed contract with Nissan, i would not expect the price to increase. I am sure there are clauses in all such contracts where they would try it on though.

[handbrake]

Von Bibra Nissan on the gold coast have verbally stated that the exchange rate will note affect the price. LCT variability depends on govt policies and is conditional to any such policy changes.

Of course I will not believe it until I see written confirmation from the dealer. I will update when this occurs.

[Gibbo_R35]

Motor vehicle sale contracts can not be enforced for a price rise. Fair trading dictaes:

Variations and price rises

When a contract is formed to purchase any goods the conditions of the agreement, including the price, are agreed upon. Neither party has the right to vary any of these conditions without the approval of the other party.

Often consumers will contact Fair Trading after having signed for the purchase of a new car only to be told by the dealer that there has been a factory increase in price. The order form that has been signed will generally cover this eventuality. It states if a consumer signs and agrees to pay a certain price they are not required to pay the increase. However, consumers cannot force the dealer to sell the vehicle at the order form price. They have the option to purchase at the new price or cancel the order

This being said, Nissan could increase the price, but if they do then all bets are off and you can get out of the contract. This is also covered in the "Customer Agreement" form everyone signed before being able to order;

Vehicle Sale

Because availability of the Nissan GT-R may be limited, there is a potential that you will

experience a delay between placing an order for a vehicle and taking receipt of it.

Depending on the duration of the delay, it is possible that there may be changes in the

specifications of your vehicle, or availability of colors and features,

While there may be changes in final Recommended Retail Price (RRP) pricing of your

vehicle, in accordance with state law your actual purchase price will be determined by

your selling dealer and subject to your contract(s) with your selling dealer.

Cheers,

Gibbo

[kitch15]

Motor vehicle sale contracts can not be enforced for a price rise. Fair trading dictaes:

Variations and price rises

When a contract is formed to purchase any goods the conditions of the agreement, including the price, are agreed upon. Neither party has the right to vary any of these conditions without the approval of the other party.

Often consumers will contact Fair Trading after having signed for the purchase of a new car only to be told by the dealer that there has been a factory increase in price. The order form that has been signed will generally cover this eventuality. It states if a consumer signs and agrees to pay a certain price they are not required to pay the increase. However, consumers cannot force the dealer to sell the vehicle at the order form price. They have the option to purchase at the new price or cancel the order

This being said, Nissan could increase the price, but if they do then all bets are off and you can get out of the contract. This is also covered in the "Customer Agreement" form everyone signed before being able to order;

Vehicle Sale

Because availability of the Nissan GT-R may be limited, there is a potential that you will

experience a delay between placing an order for a vehicle and taking receipt of it.

Depending on the duration of the delay, it is possible that there may be changes in the

specifications of your vehicle, or availability of colors and features,

While there may be changes in final Recommended Retail Price (RRP) pricing of your

vehicle, in accordance with state law your actual purchase price will be determined by

your selling dealer and subject to your contract(s) with your selling dealer.

Cheers,

Gibbo

That is correct Gibbo. The prospective purchaser can walk away from the contract without penalty and will receive full deposit monies paid if they request it, should Nissan enforce a price increase (which I do believe is more than likely). Its almost as though it was pre-emptive, by the way Nissan have implied it in their wording - " While there may be changes in final Recommended Retail Price (RRP) pricing of your vehicle, in accordance with state law your actual purchase price will be determined by your selling dealer and subject to your contract(s) with your selling dealer." Covers their backside implicitly..

[handbrake]

Confirmed no change in price of my order ($175k DMG premium) unless LCT policy changes.

In fact, If you could order one now through Von Bibra Nissan on the Gold Coast you would still be paying that. They apparently have pre orders to August/September.

[kitch15]

Confirmed no change in price of my order ($175k DMG premium) unless LCT policy changes.

In fact, If you could order one now through Von Bibra Nissan on the Gold Coast you would still be paying that. They apparently have pre orders to August/September.

Working in the industry, it's fact that dealers will verbally tell you anything to keep you 'on board' as required. Given that the AUS spec GTR's will be MY09 update models, Nissan have already imposed an 8% price hike for all MY09 models for world markets. Toyota has also announced a minimum 2.5% price accross the board price increase for all vehicles as of 01/01/09 for Oz, with other manufacturers to follow suit, yet Nissan are going to deliver on their promise of the prices quoted 3 months ago when 1AUD = 90 Yen plus?? Looking at the contract, Nissan can and is likely to impose a hike on the initial pricing, based on 'unforseen production cost increases and changes in global market conditions'. If they don't, thenI will eat my words I genuinely hope they don't, but this is Nissan we are talking about here....

[N1GTR]

Confirmed no change in price of my order ($175k DMG premium) unless LCT policy changes.

In fact, If you could order one now through Von Bibra Nissan on the Gold Coast you would still be paying that. They apparently have pre orders to August/September.

Ill assume this was just a verbal confirmation, will they put this in writing and sign a new contract of sale/offer to purchase?

[handbrake]

Ill assume this was just a verbal confirmation, will they put this in writing and sign a new contract of sale/offer to purchase?

Correct, verbal only at present. Principal of the dealership is 'on leave'. Seems reasonable enough from previous encounters though. I wonder whether they read these forums!

I will ask for a written confirmation and update the thread when and if I get one.

[Snowman]

Guys remember that some of the doom sayers on here like kitch are guys that have imported JDM versions of this car so it's not in their best interest to say good things about the local cars and support now is it. Because some of them just might have JDM GT-R's going for sale for mega $$$ shortly (if not already).

As a side point back in August when our $$$ was kicking ass I ordered another car from VW worth a few bob as well (R36 Passat - for the wife). Our $$$ has crashed horribly against the Euro as well and yet that car is just about to arrive and I'm just finalizing everything with VW now and there's been no talk of any adjustments in price with them. I've never heard of a car changing price from the quoted one at the point of sale, Nissan are telling all of us that have asked that the delivered price will remain as quoted (which is cheaper than all of these JDM ones going around and have full local support) and I really don't see anything changing.

[kitch15]

Guys remember that some of the doom sayers on here like kitch are guys that have imported JDM versions of this car so it's not in their best interest to say good things about the local cars and support now is it. Because some of them just might have JDM GT-R's going for sale for mega $$$ shortly (if not already).

As a side point back in August when our $$$ was kicking ass I ordered another car from VW worth a few bob as well (R36 Passat - for the wife). Our $$$ has crashed horribly against the Euro as well and yet that car is just about to arrive and I'm just finalizing everything with VW now and there's been no talk of any adjustments in price with them. I've never heard of a car changing price from the quoted one at the point of sale, Nissan are telling all of us that have asked that the delivered price will remain as quoted (which is cheaper than all of these JDM ones going around and have full local support) and I really don't see anything changing.

Snowman,

Through all my posts, I have never had any negatives to say about Nissan and their deliveries of the R35 GTR. Whilst you comment that it is in my best interest NOT to say good things about local cars, I believe competition and a competitive pricing strategy by Nissan would be fantastic for prospective buyers wanting to get their hands on this amazing vehicle at the price that they have promised. I never stated that it is inevitable that the a price increase will occur - I said that being an entity like Nissan Australia, their primary objective to introduce this Halo model back into the domestic market would be to strengthen their core branding, as well as recognising a profit for the investment. At the pricing that they initially quoted, and as Im sure everyone knows, given the increase in pricing of the MY09 and production costs in Japan, I believe that there is the POSSIBILITY that this price increase may be passed onto prospective buyers who have placed a deposit on these vehicles. If this doesn't occur, then I would take my hat off to Nissan for supplying this car on the local market at a truly brilliant price as promised, given current exchange rates. You are correct on the point that it is physically impossible to import a JDM spec GT-R at current exchange rates cheaper than what the AUS spec vehicles will be supplied onroad, if Nissan pricing remains unchanged. Lets see what the next 6 months has in store for us..

There have been, and are many 'doom and gloomers' on here Snowman - I am certainly not one of them, and do not appreciate being classified as one.