Wednesday, May 30, 2018

Zero GST: Porsche Prices In Malaysia Set To Drop By Up To RM88,000 With Zero-Rated GST

Sime Darby Auto Performance (SDAP) has announced new revised prices for the entire Porsche model range which will take effect from June 1 2018. This is in line with the new zero-rated GST implementation announced by the government. The new prices will be effective until the re-implementation of the Sales and Services Tax (SST) which is said to be reimplemented by the 1st of September 2018 according to the news earlier today.

May I suggest that those interested in a Porsche get one during this tax holiday period? The savings are quite nominal; the entry level Porsche 718 Cayman (above) with a new base price of RM 509,434* has a price adjustment of RM 30,566, while the flagship Panamera Turbo with a new base price of RM 1,462,264* has a price adjustment of RM 87,736. The prices stated here are based on standard specifications, excluding options (which there usually will be quite a bit) and are subject to the usual, applicable terms and conditions.

The revised prices include SDAP’s four-year warranty and free maintenance package that includes complimentary service, parts and labour. The stated price includes all applicable duties, except registration fees, road tax and insurance. 

Standard zero-rate GST implementation will also be applicable for parts and service at all SDAP authorised dealers so current owners also benefit if they bring their cars in for servicing (if they do not qualify for the free maintenance packages any more).

Aside from that, the Porsche 360 Financing is also available on all brand new Porsche. It is an alternative to conventional financing by reducing monthly payments by up to 30% and providing flexible terms for customers who would like to own a new Porsche every 3 – 5 years. 

“This is a special time for our customers. With the implementation of zero-rated GST, our customers can now enjoy additional savings on their dream Porsche. This also includes savings on options and all other services that we offer,” said Arnt Bayer, Chief Executive Officer of Sime Darby Auto Performance. 

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