2005 Tariff cut??

[redline2003]

Was just on the RACQ website getting a quote for a potential car i'am looking at and i noticed this:

Motorists shopping for imported passenger cars in the coming month are being urged to ensure they receive the maximum possible benefit from a January 1 tariff cut.

The state’s peak motoring body, the RACQ, said that from new year’s day the applicable import tariff on these vehicles would drop from 15 to 10 percent of their landed cost.

The tariff cut would reduce the price of many popular imported cars by between $500 and $3000, depending on their landed cost.

RACQ external relations general manager, Gary Fites, says people ordering a 2005-plated imported car this month for delivery in January should reasonably expect a price reduction on the vehicle.

At least one importer, Mazda, had already reduced its prices.

“Hopefully this will encourage other car companies to follow suit,” Mr Fites said.

“In fact, we’d expect dealers still with 2004 stock to be even more negotiable on the pricing of these models, given that many prospective buyers would otherwise be keen to wait until the new year to buy a 2005 model at a reduced price.”(Taken off RACQ insurance website).

I also read in my economics book that the Australian Government would be dropping tariffs on automobiles to 10%, so this is good news for alot of people. My question is does it apply to buyers of second hand cars imported from japan(like r33's, 180s ,etc). If it does then it would be a very welcomed change.

[raz0r$harP.UK]

Yes it does apply. Makes a difference, but it can easily by offset by the shifting exchange rates.