Budget 2010 FOR Cars?

[azi malik]

What has budget 2010 brought for us in the car market???

Apparently what I understand is that:

1. Restriction on Import on cars of models from 3 year old to 5 year old has not been removed.
2. Local car market prices would remain the same.
3. Duty on import spare parts of cars has been increased.

Anybody has better explanation or more insight??

[fadi khan]

i think VAT (Value added tax) has been imposed or smfin like that.... now taxes on cars will be more... but im not sure :p

[azi malik]

i jus heard today, the decision is still pending to allow cars more than 3 years old i.e 5 year old cars... lezee wat happens

[fadi khan]

ya i heard it too... and that is cool!!! u can go for an accord cl-9 if this thing gets going.... and what would be better than that

[azi malik]

accord cl-9 is good but its a 2.4 dohc you are talking about... and that will cost u money when ur on da road... its heavy on fuel... but the car is awesome.

[fadi khan]

and the parts??? hehehehehe

[azi malik]

yup the parts too... but if ur opening up the provision of 5 year old cars.. then u will also be importing the parts... it just that they will be a bit expensive... but when they are japanese... they will complete their life vs money