Jakarta, CNN Indonesia —
Buy car Now it’s easier and cheaper. Moreover, the government is considering continuing the luxury goods sales tax exemption incentive (PPnBM) this year. If tax discount it is back in effect, meaning the selling price of the car will be cheaper.
In fact, the Minister of Industry Agus Gumiwang Kartasasmita has also proposed the abolition of PPnBM specifically for people’s car products worth Rp240 million to the Minister of Finance Sri Mulyani.
This people’s car refers to a maximum engine capacity of 1,500 cc and meets the domestic component level (TKDN) of up to 80 percent. The state treasurer admitted that he was considering the request from the Ministry of Industry.
Then, Bank Indonesia (BI) has decided on a down payment policy (down payment/DP) zero percent continues until the end of 2022. This policy can relieve consumers who want to buy a car.
So, from consideration of the incentives that will be given by the government and the relief provided by BI, will buying a new car be more lucrative and profitable than buying a used car?
Here’s the review:
1. Advances
Financial Planner for Educational Plan Partners (MRE) Andi Nugroho said the down payment for buying a new and used car is actually the same. The range is about 20-25 percent of the selling price of the car.
“The DP is actually the same as new and used cars, on average on several websites (dealer and finance) is a minimum of 20 percent,” Andi told CNNIndonesia.com, Thursday (6/1).
However, nominally the price paid will be different. The down payment for a used car will be lower because the selling price is much cheaper than a new car.
As an illustration, the price of a used car is Rp. 60 million with a down payment of 20 percent, so the nominal paid is only Rp. 12 million.
Meanwhile, the price of a new car is Rp. 500 million with a down payment of 20 percent, meaning that the funds to be paid for the down payment reach Rp. 100 million.
Even so, there are some used car dealers or exhibitions that offer discounts or low-cost programs. At certain moments, consumers can get a lower down payment of only 5 percent-10 percent. “The down payment at the exhibition can be in single digits, but the installments will be quite good at IDR 4 million. That’s too heavy,” said Andi.
2. DP Zero Percent
On the other hand, BI continues the zero percent down payment program for new cars. The public can actually take advantage of the incentives provided by the central bank.
If you previously bought a heavy car because the down payment has not been collected, but with BI’s policy, consumers can directly process the purchase of a car to their customers dealer.
However, Andi reminded that there will be large installments if consumers choose a zero percent down payment. This goes back to the needs and abilities of each person.
“For fashion, it can open the door to disaster because it is consumptive, but for business, it becomes a productive asset, this (zero percent down payment) is actually an opportunity,” said Andi.
Continued on next page…
Depreciation to Insurance
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