XJ ( X351 ) 2009 - 2019

Trump's import tax on Jaguar/Land Rover

Thread Tools
 
Search this Thread
 
Old Feb 9, 2017 | 08:12 PM
  #1  
Wolfy's Avatar
Thread Starter
|
Veteran Member
10 Year Member
Liked
Loved
Community Favorite
Joined: Nov 2010
Posts: 1,074
Likes: 174
From: Manhattan Beach, CA
Default Trump's import tax on Jaguar/Land Rover

As JLR does not manufacture their cars in the U.S., the proposed import tax would add $18000 to each JLR vehicle sold in the U.S.

Yikes!!
 
Reply
Old Feb 9, 2017 | 08:57 PM
  #2  
Cambo's Avatar
Joined: Jan 2011
Posts: 8,637
Likes: 4,521
From: Sydney, Australia
Default

Heh, you might start paying prices closer to what the rest of the world does now.

For a long time it was cheaper to buy a Jaguar in the US than it was in Britain.

Just FYI a new X351 XJR costs USD $248'000 in Australia, how much is it in the States? $118k according to the internets...
 
Reply
Old Feb 9, 2017 | 09:11 PM
  #3  
Stuart S's Avatar
Veteran Member
15 Year Member
Community Builder
Loved
Community Favorite
Joined: Aug 2010
Posts: 10,107
Likes: 7,115
From: Atlanta suburbs
Default

Wolfy,

Yes, but the sword cuts both ways.

If - and that's a YUGE "if" - it does get enacted (which I doubt), that will also boost the prices of used Jaguars, which will be a windfall for current owners. In that case, the strategy would be for businesses to lease the new ones and take whatever tax writeoffs might still be available, and when those vehicles are traded in, buy them as CPO at a 40% or more discount from MSRP. That worked for me with both of my Jaguars.

The reason I believe that Trump's proposal won't pass is because, once all of the consequences are fully thought out and evaluated, the "cons" will outweigh the"pros". A thorough discussion of this issue is beyond the scope this thread.

Stuart
 
Reply
Old Feb 9, 2017 | 09:26 PM
  #4  
Wolfy's Avatar
Thread Starter
|
Veteran Member
10 Year Member
Liked
Loved
Community Favorite
Joined: Nov 2010
Posts: 1,074
Likes: 174
From: Manhattan Beach, CA
Default

Originally Posted by Stuart S
once all of the consequences are fully thought out and evaluated, the "cons" will outweigh the"pros".
Hmm so you're counting on our new Pres to carefully weigh the pros and cons before doing something big?

Yikes!!
 
Reply
Old Feb 9, 2017 | 10:54 PM
  #5  
Stuart S's Avatar
Veteran Member
15 Year Member
Community Builder
Loved
Community Favorite
Joined: Aug 2010
Posts: 10,107
Likes: 7,115
From: Atlanta suburbs
Default

Originally Posted by Wolfy
Hmm so you're counting on our new Pres to carefully weigh the pros and cons before doing something big? ...
This Forum is not the place to debate politics. And yes, it's the job of Congress to weigh the pros and cons.

The President can't unilaterally change taxes by Executive Order. He can only make recommendations for tax legislation that may or may not be acted on by the House of Representatives, which is where the Constitution says that tax laws are to be originated. After due consideration, the House passes that bill on to the Senate for their consideration and, when finalized, it is sent to the President for his signature. If you want to learn about the entire process, see: https://www.treasury.gov/resource-ce...s/writing.aspx
 
Reply
Old Feb 9, 2017 | 11:16 PM
  #6  
Stuart S's Avatar
Veteran Member
15 Year Member
Community Builder
Loved
Community Favorite
Joined: Aug 2010
Posts: 10,107
Likes: 7,115
From: Atlanta suburbs
Default

Originally Posted by Cambo
Heh, you might start paying prices closer to what the rest of the world does now.

For a long time it was cheaper to buy a Jaguar in the US than it was in Britain.

Just FYI a new X351 XJR costs USD $248'000 in Australia, how much is it in the States? $118k according to the internets...
Cambo,

The 550HP 2017 XJR LWB starts at US$121,000. To paraphrase Crocodile Dundee, "You're gonna need a bigger wallet, mate!"

I hope this link works in Australia: Build your 2017 XJ - Nameplates

Stuart
 
Reply
Old Feb 10, 2017 | 01:32 PM
  #7  
Maybe_XJ's Avatar
Senior Member
Joined: Dec 2010
Posts: 214
Likes: 20
From: USA
Default

I don't think these taxes will apply to Made in England products, and consider that the price also has to do with the exchange rate. British pound has always been more expensive than the Yen for example. You need around US$1.25 to buy one british pound, while with one dollar you can buy around 113 yen.
 
Reply
Old Feb 10, 2017 | 01:59 PM
  #8  
Cambo's Avatar
Joined: Jan 2011
Posts: 8,637
Likes: 4,521
From: Sydney, Australia
Default

Originally Posted by Stuart S
Cambo,

The 550HP 2017 XJR LWB starts at US$121,000. To paraphrase Crocodile Dundee, "You're gonna need a bigger wallet, mate!"

I hope this link works in Australia: Build your 2017 XJ - Nameplates

Stuart
So it's still half the price in the US.

You guys have the cheapest cars in the whole world.
 
Reply
Old Feb 17, 2017 | 07:57 PM
  #9  
Polyesterpig's Avatar
Senior Member
10 Year Member
Liked
Loved
Community Favorite
Joined: Nov 2014
Posts: 311
Likes: 92
From: SoCal
Default

Originally Posted by Cambo
So it's still half the price in the US.

You guys have the cheapest cars in the whole world.
And the worlds biggest trade deficit!
 
Reply

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 



All times are GMT -5. The time now is 07:13 AM.