The Mazda 2 is a superb household automotive that may be very moderately priced for the options and the driving expertise that it provides. Nevertheless, like several automotive, it is going to be topic to sure further charges earlier than you may drive your new or used automotive off the lot. One price that each automotive generates is stamp obligation and when you’ve by no means bought a automotive or it has been some time because you upgraded this may be laborious to grasp. On this article, we’ll take a more in-depth have a look at what stamp obligation is and the way a lot it can value. A Transient Primer on Stamp Obligation Everytime you purchase a automotive, it is going to be essential to pay stamp obligation earlier than you may drive it away. Stamp obligation is a tax that’s levied by your state authorities as an official doc. Normally, that is paid each time a brand new motorcar is bought, and a great way to have a look at it’s that it is a one off tax that’s paid when possession is transferred. That is equally relevant if you find yourself shopping for a brand new or used automotive from a supplier or from a non-public vendor, The speed of stamp obligation can differ an incredible deal relying upon which Australian state or territory the transaction takes place in. On this specific article, we’ll concentrate on the gross sales in Western Australia, and the stamp obligation prices there solely. Western Australia Stamp Obligation Prices In Western Australia, the stamp obligation paid is predicated upon the dutiable worth of the automobile being bought. This could possibly be both the producer checklist value for a brand new automobile or the cheap market worth for a used automotive. Beneath we’ll have a look at an instance as an example it in a simple to grasp method with actual greenback values. The three ranges or bands of costs and the corresponding stamp obligation funds are as follows: 1. As much as $25,000 On a brand new automotive, the stamp obligation could be 2.75% of the listed value On a second hand automotive, the stamp obligation would even be 2.75% of the cheap market worth. 2. $25,001 – $50,000 This stamp obligation is a bit more complicated, and the proportion of the stamp obligation is predicated on the equation of two.75 + (dutiable worth -25000 / 6666.66). For instance: on a brand new automobile with a price of $30,000, the speed of stamp obligation could be 2.75 – (30000-25000/6666.66), which works out at 3.5% or $1,050. 3. Over $50,000 On a brand new automotive, the stamp obligation could be 6.5% of the listed value On a second hand automotive, the stamp obligation would even be 6.5% of the cheap market worth. Should you’re on the lookout for a Mazda 2 sedan on the market, get in contact with us right here at Melville Mazda. We’ve a big number of new, demo and pre-owned vehicles obtainable together with all the most recent Mazda 2 fashions. We want you to ebook a no obligation check drive with us on-line, and you’ll check out the Mazda driving expertise for your self. Should you want automotive financing, you’ll find that our charges are aggressive and the repayments shall be structured to fit your way of life. Our gross sales workforce is standing by to information you thru our newest scorching offers, and they are going to be completely happy to reply any further questions that you will have.