Nobody is happier for you to own a vehicle than the SA government.
License disc fees, driver's license renewals, fuel taxes, import duties, ad valerom tax, tyre levies, VAT, Road Accident Fund payments, eTolls, toll gate fees, CO2 taxes...
License disc fees, driver's license renewals, fuel taxes, import duties, ad valerom tax, tyre levies, VAT, Road Accident Fund payments, eTolls, toll gate fees, CO2 taxes...
"Taxes account for 42% of the purchase price of new vehicles with prices between R200k & R900k"
- Toyota South Africa Motors
- Toyota South Africa Motors
Who else is really excited for you to own a car?
Banks, dealership finance divisions & insurance providers.
The Wesbank mobility basket shows 80% of monthly spend are due to fuel and car payment instalments.
Frustratingly, insurance is also becoming much more expensive.
Banks, dealership finance divisions & insurance providers.
The Wesbank mobility basket shows 80% of monthly spend are due to fuel and car payment instalments.
Frustratingly, insurance is also becoming much more expensive.
Vehicle theft & rampant crime encourages an entire industry of vehicle tracking providers ++ short term insurance firms
Unsafe public transport and terrible infrastructure also means the alternative to vehicle ownership is unattractive
Then there's misappropriation of taxes...
Unsafe public transport and terrible infrastructure also means the alternative to vehicle ownership is unattractive
Then there's misappropriation of taxes...
Escaping eTolls, fuel price increases & additional taxes is difficult since ultimately the cost is passed onto the end user.
The disposable income of someone taking two taxis to work every day shrinks even further & the debt trap is fuelled even more.
Nobody wins. Nobody.
The disposable income of someone taking two taxis to work every day shrinks even further & the debt trap is fuelled even more.
Nobody wins. Nobody.
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