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LGO Seifried: Allow before October 1st!”
From October 1, 2020, the calculation method for the motor-related insurance tax will change for new registrations. As a result, the price of SUVs and larger family vehicles is rising. However, car buyers can get ahead of inflation because dealers are prepared.
LGO Seifried: Allow before October 1st!”
For the new engine-related insurance tax, not only the performance of the combustion engine in kW, but also the CO2 emissions in g/km are used for the calculation. This means that SUVs and larger family vehicles, which are in high demand in Austria, will see a tax-related purchase price increase. “While smaller cars are sometimes even becoming a little cheaper, SUVs and minivans are mostly facing significant price increases,” emphasizes Adolf Seifried, lobbyist for the Upper Austrian vehicle trade.
New registration before October 1st is crucial
In order to avoid higher taxes for such vehicles as a car buyer, new registration before October 1st is crucial. Although manufacturers have ramped up production again, new orders can hardly be delivered on time. Upper Austria's vehicle dealers still have the right answer. "The car dealers have reacted and filled their warehouses with SUV models and minivans in a wide variety of equipment variants. If you want to buy a new car in these segments this year, you should act quickly and get everything wrapped up by the end of September," recommends Seifried.
Impulses for e-mobility
Buying purely electric cars currently offers entrepreneurs an unprecedented package. "No standard consumption tax, no benefit in kind, the input tax deduction up to a gross purchase value of 40,000 euros and the state's e-subsidy doubled to 3,000 euros are strong arguments for new impulses for the fleet. In addition, from September 1st there will be the aws investment bonus of up to 14% for pure electric vehicles, plug-in hybrids and range extenders," says Seifried.