Shopping around to buy a new vehicle will become easier and more user-friendly with vehicle brands introducing a new online price calculator to provide customers with an all-inclusive “drive away” price.
The peak body representing the Australian automotive industry, the Federal Chamber of Automotive Industries (FCAI), in partnership with many vehicle brands, has established the calculator following changes to pricing regulations.
“The price calculator is a real step forward for new car buyers,” FCAI Chief Executive Andrew McKellar said.
“This online tool means customers no longer have to add up all the different state and federal taxes, as well as dealership and insurance charges, when they are comparing new cars,” he said.
“This is a commonsense approach and makes it easier for new car buyers to conveniently compare different models online,” Mr McKellar said.
The price calculator will allow potential customers to enter their postcode in order to gain a fair indication of how much that vehicle will cost, taking into account insurances and taxes.
“This enables customers to receive a good estimate of the drive away price, based on where they live, before visiting a showroom,” Mr McKellar said.
“This is another measure that we hope will provide private buyers with renewed confidence to return to the market in greater numbers,” he said.
The FCAI acted to assist buyers following changes to the Trade Practices Act. The changes had the unfortunate consequence of brands withdrawing prices from websites because of the variations in stamp duty, registration and insurance charges in different states.
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