BMW passes on Luxury Car Tax savings

MyDrive | BMW Group Australia – Customers of the BMW Group will benefit from all savings associated with an increase in the Luxury Car Tax threshold after the company announced revised pricing for a number of models in its product range from today.

The price reductions generated by the tax’s indexation impact vehicles consuming more than seven litres of fuel per 100 kilometres.

With the Luxury Tax Threshold increased from $61,884 to $63,184 for the 2015/16 financial year, the changes will see price reductions of up to $390 apply to all affected models in the BMW range.

Vehicles classified as fuel-efficient under the taxation system are unaffected by the indexation, with the fuel-efficient car limit for the upcoming financial year remaining $75,375.

BMW Group Australia Chief Executive Officer Marc Werner said the updated pricing would apply to all relevant models from today.

“I am pleased to confirm BMW Group Australia will pass on to consumers the entirety of savings generated by the increase to the Luxury Car Tax threshold, from today,” Werner said.

“While the fuel savings afforded by our BMW EfficientDynamics technologies means the changes only apply to select vehicles within our model range, we are committed to acting in the best interests of our customers.”

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The anticipated change was absorbed into the pricing of related BMW vehicles launched last month, including the M135i and entire 6 Series range.

The Luxury Car Tax threshold is indexed annually according to a factor to be determined by Federal Parliament or, if such a factor is not determined by Parliament, indexed annually in accordance with movements in the All Groups Consumer Price Index.

In the absence of a figure dictated by Parliament, the Luxury Car Tax was indexed by 2.1 per cent for the next 12 months.

BMW Group Australia revised model pricing

BMW M235i Coupe $79,540*
BMW M235i Convertible $85,410*

BMW 335i Sedan $93,040*

BMW 435i Coupe $108,140*
BMW 435i Convertible $126,240*
BMW 435i Gran Coupe $108,140*

BMW 535i Gran Turismo $117,540*
BMW 535i Sedan $116,540*
BMW 535i Touring $122,540*

BMW 740i $211,885*
BMW 740Li $226,885*
BMW 750i $282,540*
BMW 750Li $299,240*
BMW 760Li $390,785*

BMW X3 xDrive28i $73,010*

BMW X4 xDrive20i $69,510*
BMW X4 xDrive35i $87,510

BMW X5 xDrive35i $107,510*
BMW X5 xDrive50i $134,510*

BMW X6 xDrive35i $120,310*
BMW X6 xDrive50i $151,210*

BMW Z4 sDrive35is $118,685*

BMW M3 Sedan $156,040*
BMW M4 Coupe $166,040*
BMW M4 Convertible $178,040*

BMW M5 Sedan $229,540*

BMW X5 M $185,510*
BMW X6 M $194,310*

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