GST zero-rated: Volvo car prices up to RM23k less

GST zero-rated: Volvo car prices up to RM23k less

Volvo Car Malaysia has released a new price list for its models, which will come into effect on June 1, 2018, in line with the government’s move to set the goods and services (GST) tax rate at 0% then. The new on-the-road prices here are without insurance, and will remain in effect until further notice from the Ministry of Finance.

Without GST, savings range from RM9,239.07 for the V40 T4, to RM19,424.17 for the XC60 T8 Twin Engine Inscription Plus, and up to RM23,386.44 for the XC90 T8 Twin Engine Inscription Plus. The top-spec S90 T8 Twin Engine Inscription Plus will retail at RM366,913.08 from RM388,888, representing a saving of RM21,974.92.

GST zero-rated: Volvo car prices up to RM23k less

There may be slight variations in the percentage of reduction, which is typically slightly less than 6% flat. This is because 6% GST is only applied on the selling price of a car (and in the case of CBU models, a Puspakom inspection fee), before GST-free registration essentials such as road tax, registration fee and ownership endorsement fee are added on.

The company also stated zero-rated GST will be applicable for part and servicing prices at all authorised dealers. This includes purchases of Volvo Service Agreement (VSA) packages, where the VSA 3+ package can be had for RM5,900 (RM354 savings) and the VSA 5+ package for RM9,200 (RM552 savings). The package covers both scheduled maintenance as well as wear and tear parts.

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Gerard Lye

Originating from the corporate world with a background in finance and economics, Gerard’s strong love for cars led him to take the plunge into the automotive media industry. It was only then did he realise that there are more things to a car than just horsepower count.

 

Comments

  • Tokpom on May 22, 2018 at 1:33 pm

    Hope Volvo can sell more than 600 units a month

    Like or Dislike: Thumb up 2 Thumb down 0
    • Cybermaster on May 22, 2018 at 4:47 pm

      600 Volvo a month is tall order. No more freeflow Dedak

      Like or Dislike: Thumb up 4 Thumb down 1
  • setan iblis on May 22, 2018 at 1:47 pm

    xc90 rm390k thats gonna be a hit

    Like or Dislike: Thumb up 1 Thumb down 1
  • Victor Ang on May 22, 2018 at 1:51 pm

    Thanks VCM. Gonna book XC60 T8 Inscription Plus!

    Like or Dislike: Thumb up 10 Thumb down 2
  • Jacky on May 22, 2018 at 2:01 pm

    (Like) Volvo XC60
    (Dislike) Lexus NX300

    Like or Dislike: Thumb up 28 Thumb down 8
  • tokmoh. on May 22, 2018 at 3:01 pm

    Lolwut, V40 T4 very quietly brought in here.

    Volvo, Geely > all

    Like or Dislike: Thumb up 4 Thumb down 0
  • Tax the poor, subsidise the rich. Make MY rich greater again.

    Like or Dislike: Thumb up 12 Thumb down 8
  • Ben Yap on May 22, 2018 at 5:48 pm

    the volvo V40 T4’s price is really tempting.

    Like or Dislike: Thumb up 1 Thumb down 0
  • wakey volvo on May 22, 2018 at 7:06 pm

    hei volvo

    when do you plan to actually bring in the XC40 which most of us are looking forward to?

    Like or Dislike: Thumb up 2 Thumb down 0
  • Frequent Tow Truck User on May 23, 2018 at 6:03 am

    Time to buy? NO. No until Volvo resolves the various electrical, hybrid and air suspension failure plaguing this car!

    Like or Dislike: Thumb up 1 Thumb down 5
    • never heard about any electrical problems and suspension failure at all in Xc60 which was Europe best selling premium SUV previously

      You are preaching FAKE NEWS !

      Go and buy yourself a Japanese junk having obsiolete dinasour and lower end technology like Toyota Fortuner that ride like a SAMPAN if u cannot afford to buy the XC60.

      my advise to you..

      Like or Dislike: Thumb up 3 Thumb down 0
    • stastasta on May 24, 2018 at 1:53 pm

      the current hybrid xc60 was just launched last year. not enough time yet to tell whether its reliable. give it another 3 years.

      Like or Dislike: Thumb up 1 Thumb down 0
  • thepolygonal on May 23, 2018 at 8:52 am

    Wasted the XC40 belum launched here :(

    Like or Dislike: Thumb up 0 Thumb down 0
  • Shawn on Jun 04, 2018 at 9:00 pm

    Shortage of volvo stocks. Heard for SA that there’s a WW engine shortage. Sigh …

    Like or Dislike: Thumb up 0 Thumb down 0
 

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