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Thread: New Vehicle Contract Does not seem to add up correctly

  1. #1
    Join Date
    Oct 2022
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    New Vehicle Contract Does not seem to add up correctly

    O.P.
    I think my vehicle purchase contract doesn't add up correctly

    I have taken the new vehicle purchase contract from my dealer:
    Screenshot-2023-03-13-at-9-03-10-pm hosted at ImgBB — ImgBB (or see attached)

    And compared it to my own calculations on LCT, Rego etc and come up with something completely different to what my dealer sent me in the new vehicle purchase contract.
    Screenshot-2023-03-13-at-9-20-08-pm hosted at ImgBB — ImgBB (or see attached)

    Here is the registration quote from QLD Transport
    Screenshot-2023-03-13-at-9-26-21-pm hosted at ImgBB — ImgBB (or see attached)

    I've put my calculations within a Google Spreadsheet, which you can view and comment on:
    https://docs.google.com/spreadsheets/d/1h_6zrlAMLQv_51JHyZthlUlTfVagWJZW3Bgkxj5OgKo/edit?usp=sharing

    Can anyone please let me know if my calculations are correct?
    Attached Images Attached Images

  2. #2
    Homestar's Avatar
    Homestar is offline Super Moderator & CA manager Subscriber
    Join Date
    Aug 2010
    Location
    Sunbury, VIC
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    Dealer prices for Rego and stamp duty take into account their overheads and labour involved to process so are always more expensive. Then there's just the FU tax which is basically you can't do sod all about it...
    If you need to contact me please email homestarrunnerau@gmail.com - thanks - Gav.

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