News

Toyota Motor Philippines Releases 2018 Prices With Excise Tax, Land Cruiser 200 Drops By As Much As P350,000

Most car prices increased, some, including the Hilux, Prius, and Land Cruiser, decreased.

Toyota is the second car manufacturer to release the prices of their vehicles with excise tax considered.

To those who just bought the Toyota Corolla Altis of their dreams, well, congratulations to you all, as the compact sedan’s prices have increased this year, with the 2.0 V variant suffering the highest increase. Congratulations as well to those who bought a Fortuner and Innova last year, because you were able to save a decent amount of dough.

As for those who panic bought a Toyota Hilux and most especially, a Toyota Land Cruiser 200 and Land Cruiser Prado, you might want to look away now, and we do really mean look away, as the Land Cruiser 200 has lost as much as P350,000 at the most. That’s probably good for a tropical holiday in the Bahamas in a 5-star luxury hotel, right? Here are the 2018 prices of Toyota Motor Philippines Corporation.

For those keeping score, this is how the final version of the excise tax works.

Under P600,000: 4%
P600,000 to P1,000,000: 10%
P1,000,001 to P4,000,000: 20%
Above P4,000,000: 50%

The bicameral version also highlights that it exempts EVs and, strangely, pick-up trucks. Hybrids meanwhile will only receive 50% of the taxes of non-hybrid vehicles. We at Go Flat Out applaud the move for making eco-friendly vehicles receive zero to lower taxes. For the rest of the TRAIN vehicle excise tax, click here.

Advertisements

0 comments on “Toyota Motor Philippines Releases 2018 Prices With Excise Tax, Land Cruiser 200 Drops By As Much As P350,000

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: