July 15, 2014

Prius’ new pricing in Malaysia

We all know cars in Malaysia are fucking expensive due to its ridiculous tax structure. But a few years ago, in a bid to encourage people to buy hybrid vehicles, the primate government of Malaysia for once did something right… by introducing some tax exemption for imported hybrid vehicles. That was a period when the sales of hybrids soared and flourished (that was also the time I bought my Prius, at 145k bucks – not exactly cheap but, it could have been more expensive if it wasn’t for the tax exemption). Then come last year, the government decided to pull the fucking plug on the tax exemption thingy (in a wily scheme of things involving Proton) and the prices of imported hybrid vehicles has since gone back to ‘normal’ (fully taxed, like any other fucking cars). Here, take a read of what Paul Tan posted on his website :

[Source]
Toyota Prius and Prius c get new price tags without CBU hybrid incentives – RM153k to RM231k!

UMW Toyota have released the new prices for the Toyota Prius and Toyota Prius c after the government’s tax incentives for CBU hybrid vehicles ended at the end of last year.

The following are the new prices, OTR including insurance for private registration:
Toyota Prius – RM 216,400.52
Toyota Prius Luxury – RM 230,916.00
Toyota Prius C – RM 153,170.43
As you can see, a B-segment Prius c now costs as much as a D-segment Camry, while the Prius and Prius Luxury‘s prices have been pushed up to way over RM200k.

The Prius was first launched in Malaysia in August 2009 with the pricetag of RM175k. The RM175k pricetag was possible because of a 100% import duty exemption and a 50% excise duty exemption. The government later increased its incentives to 100% exemption for both import duty and excise duty, bringing the Prius price further down to RM139,900.

Later, the Prius facelift was launched in 2012 with two spec levels – the normal Prius for RM143k and a Prius Luxury for RM148k. The smaller Prius c came in at two spec levels – RM97k for the normal spec and RM104k for the Prius c TRD Sportivo.

While the Prius and Prius c were pretty popular cars when they had tax-free prices, we don’t think there will be many takers for these two cars at these new price levels, except for buyers who qualify for tax-free pricing such as those under the TalentCorp program.

However, UMW Toyota is set to come back into the incentivised hybrid game with the Toyota Camry Hybrid. Pricing was last rumoured to be slightly higher than the RM181k range-topping Camry 2.5V. In fact, we’ve already seen the Camry Hybrid at JPJ Putrajaya as well as driving on public roads.

This model did not qualify for the previous CBU hybrid incentives which required a model to have an engine of 2.0 litres and below as it had a larger 2.4 litre engine. The Camry Hybrid will be locally assembled to qualify for duty exemptions for CKD hybrid cars provided by the 2014 National Automotive Policy (NAP), which doesn’t set an engine displacement limit. The new CKD hybrid incentives are set to last until end-2015.

If you’d pan over to the comments section, there was a huge outlash by the readers at PaulTan.org – that the price tag was fucking ridiculous, etc, and they could have bought a much better alternative like a Volvo or a fucking Golf GTI or something. Some would even condemn the past owners (like me) for being ‘stupid & gullible’ to buy the car during the ‘tax exempted’ period and now I have to fucking rue about my purchase because spare parts are going to be a problem. Can you fucking believe that? That’s the dumbest shit ever. How can I be ‘stupid & gullible’ if I bought a car with less tax levied on it? I guess it will be smarter to buy a car with full tax and higher price, just as long the person could live at peace with the expectation they’d get a plethora of spare parts around? LOL!

You know, what amuses me the most is, these readers complained like they’ve not seen anything like this before, but little do these amateurs realize that they’ve all been fucked in the ass – all these while – with the same rusty dick full of spikes, with the same rip-off of a tax structure on every goddamned consumer car on sale in Malaysia! A small car with puny engine that costs 60 fucking grands!? (believe me, that’s the best selling vehicle in Malaysia!) And these people think it’s ‘cheap’! (but really, they don’t have much choice, I can understand that. It’s anything but cheap). That’s like a prison inmate jeering at zoo animals for not having freedom! I guess the general Malaysian has been inured to the shit they’ve been dished out all their lives, that they’re now living in a delusional state.

So now, to the question (if one has to ask) – do I feel sore about this whole price hike thing? Of course not! I think I might have just struck a deal of a lifetime! The car I bought 2 years ago, is close to 100 fucking grands more expensive today! How about that? Have you bought a car like that before? I think I might be able to sell it at a profit even… but that’s just wishful thinking.

michaelooi  | automobiles  | 

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