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Old 06-03-2012, 03:28 AM   #29
Godzpeed
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Its call the first registration tax. on more expensive cars, its close to 115%!!!

The best deal right now is to order a Tesla Model S, since the government allows EV cars to be completely tax free, and have a very low license fee annually. Also not to mention you never have to fill up again!

Buying a car is the first step, Owning the car is not easy in hk. There is also the annual license fee which is based on displacement and insurance. Anyone under 25 could never get insurance for these kind of cars. And on top of that, gas is like $17 per liter! Thats just some parts of it. If you live in the city, parking space cost at least $2-3000 a month for rent!!!
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Old 06-03-2012, 08:04 AM   #30
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Quote:
Originally Posted by Godzpeed View Post
Its call the first registration tax. on more expensive cars, its close to 115%!!!

The best deal right now is to order a Tesla Model S, since the government allows EV cars to be completely tax free, and have a very low license fee annually. Also not to mention you never have to fill up again!

Buying a car is the first step, Owning the car is not easy in hk. There is also the annual license fee which is based on displacement and insurance. Anyone under 25 could never get insurance for these kind of cars. And on top of that, gas is like $17 per liter! Thats just some parts of it. If you live in the city, parking space cost at least $2-3000 a month for rent!!!
Yes, though I should point out for the sake of clarity that these figures are HK$ (where US$1=HK$7.8). Still not cheap though. That's why I was looking at a 2006/07 Elise which had only 5000km on it - it was nothing but a weekend car.
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