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 MM2H / REP / Talentcorp, Full CKD Cars

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SantaBarua
post Jan 8 2013, 11:16 PM

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Anyway does anyone know if Rondo2 is also CKD? It can accommodate 7 seaters u know...
Chigme
post Jan 10 2013, 09:57 AM

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QUOTE(SantaBarua @ Jan 8 2013, 11:16 PM)
Anyway does anyone know if Rondo2 is also CKD? It can accommodate 7 seaters u know...
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Yes Rondo2 is CKD. Below is the list of MPVs that are CKD. Don't think there is a lot of discount though as MPV's are taxed lower. The most expensive CKD MPV is the Nissan Serena Highway Star range retailing at RM140k++

Nissan Serena
Nissan Grand Livina
Naza Rondo
Naza Citra
Naza Ria
Toyota Innova
Toyota Avenza
Cherry Eastar
Proton Exora
Perodua Alza
dchk
post Jan 10 2013, 10:17 AM

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QUOTE(Chigme @ Jan 10 2013, 09:57 AM)
Yes Rondo2 is CKD. Below is the list of MPVs that are CKD. Don't think  there is a  lot of discount though as MPV's are taxed lower. The most expensive CKD MPV is the Nissan Serena Highway Star range retailing at RM140k++

Nissan Serena
Nissan Grand Livina
Naza Rondo
Naza Citra
Naza Ria
Toyota Innova
Toyota Avenza
Cherry Eastar
Proton Exora
Perodua Alza
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Chigme, where did you get your information from. For example, all Proton are not considered CKD under Talent Corp scheme. No excise and sales tax exemption will be offered by Proton.

Naza Ria already no more in Production thus, no one will be able to enjoy the tax exemption.
swing123
post Jan 10 2013, 11:19 AM

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I received the final REP approval letter yesterday. With it, Talent Corp gave me a list of full CKD cars provided by MAA and said I can buy any car in the list under the scheme. Proton/Perodua cars are in the list. I don't know how updated is the list as I saw Land Rover Freelander TD4 - 2004 in the list LOL.

Is this scheme worthwhile pursuing? I try working the maths:

Assume I bought a car that retails at RM150k with duties and tax elements of RM30k, meaning I paid RM120k for the car under the REP scheme.

5 years down the road, I sell my car off at market price then, say RM75,000 (50% depreciation). Buyer need to pay tax, and let say it works out as RM75,000/RM150,000 x RM30,000 = RM15,000. Theoretically I can sell at the max of RM60,000 after factoring in the top up tax element, or at even lower price for the tax top up hassle.

So in summary, under the REP scheme, I am out of pocket by RM60,000 over 5 years period whereas without, it will be RM75,000. Another advantage is lower initial cash outlay in the first purchase.

Conclusion, to reap the nebefits from REP, must get car with higher tax savings or use the car for as long. The question is, how many CKD cars out there comes with the tax savings of RM30k? If the tax savings is lower than RM10k, does it worth the hassle to buy it under REP scheme?


dchk
post Jan 10 2013, 11:37 AM

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QUOTE(swing123 @ Jan 10 2013, 11:19 AM)
I received the final REP approval  letter yesterday. With it, Talent Corp gave me a list of full CKD cars provided by MAA and said I can buy any car in the list under the scheme. Proton/Perodua cars are in the list. I don't know how updated is the list as I saw Land Rover Freelander TD4 - 2004 in the list LOL.

Is this scheme worthwhile pursuing? I try working the maths:

Assume I bought a car that retails at RM150k with duties and tax elements of RM30k, meaning I paid RM120k for the car under the REP scheme.

5 years down the road, I sell my car off at market price then, say RM75,000 (50% depreciation). Buyer need to pay tax, and let say it works out as RM75,000/RM150,000 x RM30,000 = RM15,000. Theoretically I can sell at the max of RM60,000 after factoring in the top up tax element, or at even lower price for the tax top up hassle.

So in summary, under the REP scheme, I am out of pocket by RM60,000 over 5 years period whereas without, it will be RM75,000. Another advantage is lower initial cash outlay in the first purchase.

Conclusion, to reap the nebefits from REP, must get car with higher tax savings or use the car for as long. The question is, how many CKD cars out there comes with the tax savings of RM30k? If the tax savings is lower than RM10k, does it worth the hassle to buy it under REP scheme?
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Don't bother about Proton. I think TalentCorp is up to date. I also thought so first when I saw TalentCorp website mention Proton and Perodua. Called several Proton sales agent and also Proton Care center and they have verified that no exemption is given.

I cannot confirm for Perodua as I was not interested at the time.

Different CKDs cars has different exemption in terms of price.

Here is a quick view
Nissan Teana 2.5 - Publish Price RM173K, After Exempt - RM131K - Savings RM38K
Honda Accord 2.5 - Publish Price RM173K After Exempt - RM115K - Savings RM58K







swing123
post Jan 10 2013, 11:45 AM

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QUOTE(dchk @ Jan 10 2013, 11:37 AM)
Don't bother about Proton. I think TalentCorp is up to date. I also thought so first when I saw TalentCorp website mention Proton and Perodua. Called several Proton sales agent and also Proton Care center and they have verified that no exemption is given.

I cannot confirm for Perodua as I was not interested at the time.

Different CKDs cars has different exemption in terms of price.

Here is a quick view
Nissan Teana 2.5 - Publish Price RM173K, After Exempt - RM131K -  Savings RM38K
Honda Accord 2.5 - Publish Price RM173K After Exempt - RM115K  - Savings RM58K
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Out of curiousity I was surfing Sime Darby Motor website and read that certain Land Rover models are assembled locally. I called Auto Connexion to enquire and was told the Defender series are CKD and was told for the REP purchase, the tax rebate is around RM10k for both RM148k D90 SW and RM271k D130 SW, citing tax elements already very low rclxub.gif
dchk
post Jan 10 2013, 01:42 PM

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QUOTE(swing123 @ Jan 10 2013, 11:45 AM)
Out of curiousity I was surfing Sime Darby Motor website and read that certain Land Rover models are assembled locally. I called Auto Connexion to enquire and was told the Defender series are CKD and was told for the REP purchase, the tax rebate is around RM10k for both RM148k D90 SW and RM271k D130 SW, citing tax elements already very low  rclxub.gif
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Sometimes, I wonder why this manufacturer even bother. RM10K savings to consumer is not much when they have to have to invest heavily on assembly plant. I think they never intended to source any parts in Malaysia, except maybe the tyre. Everything else is from original manufacturing plant brought in as parts and then assembled.

Just my 2 cents, go for the better known manufacturer who has more service centre and spare parts to avoid headache in the future.
swing123
post Jan 10 2013, 01:50 PM

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QUOTE(dchk @ Jan 10 2013, 01:42 PM)
Sometimes, I wonder why this manufacturer even bother. RM10K savings  to consumer is not much when they have to have to invest heavily on assembly plant. I think they never intended to source any parts in Malaysia, except maybe the tyre. Everything else is from original manufacturing plant brought in as parts and then assembled.

Just my 2 cents, go for the better known manufacturer who has more service centre and spare parts to avoid headache in the future.
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I wasn't attracted by the CKD car incentive when I apply for the REP in the first place. What I want is the 5 years 15% flat tax rate but now a bit worry coz GST will come soon. What if they increase the tax band bracket and reduce the rate? Once opt in for the flat rate, cannot opt out for 5 years doh.gif laugh.gif laugh.gif
chizzu
post Jan 10 2013, 06:20 PM

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QUOTE(swing123 @ Jan 10 2013, 11:45 AM)
Out of curiousity I was surfing Sime Darby Motor website and read that certain Land Rover models are assembled locally. I called Auto Connexion to enquire and was told the Defender series are CKD and was told for the REP purchase, the tax rebate is around RM10k for both RM148k D90 SW and RM271k D130 SW, citing tax elements already very low  rclxub.gif
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Same response when I spoke to Mazda. The tax rebate is around RM10k coz the tax is very low for the car.
SantaBarua
post Jan 11 2013, 12:15 AM

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QUOTE(swing123 @ Jan 10 2013, 11:19 AM)


Is this scheme worthwhile pursuing? I try working the maths:

Assume I bought a car that retails at RM150k with duties and tax elements of RM30k, meaning I paid RM120k for the car under the REP scheme.

5 years down the road, I sell my car off at market price then, say RM75,000 (50% depreciation). Buyer need to pay tax, and let say it works out as RM75,000/RM150,000 x RM30,000 = RM15,000. Theoretically I can sell at the max of RM60,000 after factoring in the top up tax element, or at even lower price for the tax top up
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The tax rate depreciates year on year based from my reading somewhere. By the 5th year the tax may just get written off. If you take this scheme you can only win if you keep your tax free car a minimum of 5 years b4 u sell
dchk
post Jan 11 2013, 09:12 AM

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Just saw some article, BMX X3 will be CKD. Before price is RM358K after RM330K. Not sure about excise and sales exemption, how much it will be but I presume within the RM200K region

Also those interested in large MPV, Nissan bringing in the new Serena.
kinx
post Jan 11 2013, 05:05 PM

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QUOTE(SantaBarua @ Jan 11 2013, 12:15 AM)
The tax rate depreciates year on year based from my reading somewhere. By the 5th year the tax may just get written off. If you take this scheme you can only win if you keep your tax free car a minimum of 5 years b4 u sell
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agreed.. after 5 years the car tax will be wipe off.
swing123
post Jan 11 2013, 05:56 PM

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QUOTE(kinx @ Jan 11 2013, 05:05 PM)
agreed.. after 5 years the car tax will be wipe off.
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is that confirmed or was it based on the previous REP scheme? prior to April 2011, car purchased under REP scheme attract zero tax if disposed of after 5 yrs. My understanding is that this has been scrapped when Najib announced the revision to implement the current scheme, of which tax will be payable upon disposal based on market value. Care to enlighten?
SantaBarua
post Jan 11 2013, 08:42 PM

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QUOTE(swing123 @ Jan 11 2013, 05:56 PM)
is that confirmed or was it based on the previous REP scheme? prior to April 2011, car purchased under REP scheme attract zero tax if disposed of after 5 yrs. My understanding is that this has been scrapped when Najib announced the revision to implement the current scheme, of which tax will be payable upon disposal based on market value. Care to enlighten?
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Good point. A question worth pursuing to REP Secretariat. This info is not and never will be laid out clearly, ever
Chigme
post Jan 12 2013, 11:05 PM

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QUOTE(dchk @ Jan 11 2013, 09:12 AM)
Just saw some article, BMX X3 will be CKD. Before price is RM358K after RM330K. Not sure about excise and sales exemption, how much it will be but I presume within the RM200K region

Also those interested in large MPV, Nissan bringing in the new Serena.
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BMW X1 20d sales price RM269k, REP price RM 175k, savings RM94k. Assuming same % discount, RM200k region possible.
swing123
post Jan 15 2013, 08:20 PM

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Went to edaran TC place booking for x-trail 2.5 today. While this is a 10yo model (I remember this model was launched the year I went overseas to work LOL) with outdated engine and technology, but it's one practical car for my use with 4wd, spacious cabin, decent fc & maintenance, and most importantly, it's CKD.

Normal OTR rm144k, under REP around rm100k. Year end promotion of free v-kool security tint plus nismo kits still available. Waiting period is one month paper work for MoF and Custom approval, plus another month for assembly and registration. The SA claimed he has handled many cases of REP & police/dbkl car purchases that is indented for tax free and he seems to know what he is talking. What impressed me is his attention to details during the whole process, unlike some SAs that talk big to promise sun, moon and stars. Well, the verdict is still out there till whole process is completed.

That left me with one CKD car quota for a 'REAL' 6-7 pax MPV, any suggestion?
swing123
post Jan 15 2013, 08:48 PM

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QUOTE(dchk @ Jan 11 2013, 09:12 AM)
Also those interested in large MPV, Nissan bringing in the new Serena.
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Sadly, new Serena will be cbu for now, and it'll remain as 2.0 litre. I think a car of this size is seriously under-powered unless came with turbo charged. If left with no choice, I may consider getting it as a weekend family car, provided the tax savings are attractive. What other real 6 seater MPVs are CKD?

dchk
post Jan 19 2013, 10:09 PM

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Finally got my Honda Accord in less than 2 months. Surprisingly, it even came with tint from Eco Tint but I doubt it is security tint. Well, beggar can't be chooser. All cost slight over RM98k. According to SA, Accord 2013 somewhere in 2/3 qtr. CRV 2013 in March and booking already open although price unknown yet. But for 2013 cars it will take minimum 3-4 months since not many available stock at the yard.
chizzu
post Jan 20 2013, 12:08 PM

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Congrats. So nice to get it in such a short period. I still deciding on mine. Wait and see what new cars available as current offerings doesn't really attract me or I don't have that much cash to spend.
chizzu
post Jan 21 2013, 04:22 PM

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Went to Volvo Glenmarie to have a look at S60. very nice and well built car and i liked it alot but my heart skipped a little when i saw the insurance premium.... 7k++! The 5+5+5 offer is only valid for 2012 cars and 2013 cars will only have 3 years warranty

Then i went to the VW showroom which is just next door to enquire about Jetta CKD. The salesman told me that Jetta CKD is in testing now and probably will roll out in the middle/end of year.

This post has been edited by chizzu: Feb 6 2013, 09:33 AM

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