BMW Malaysia has released a new price list for its local BMW model line-up following the re-implementation of the sales and service tax (SST) on September 1. The 10% sales tax takes over from the 6% goods and services tax (GST), which was first zero-rated in June and subsequently abolished.
As has been the case with other companies that have announced new SST-inclusive price lists, bar one example, completely-knocked down (CKD) models are now priced lower with SST than previously when GST was in the equation.
The 118i M Sport, 318i Luxury and X1 sDrive20i Sport are all RM3,000 less than when GST-inclusive, while both the 530i M Sport and 530e plug-in hybrid see a substantial drop in their prices, RM9,000 and RM15,000 less than with GST, respectively.
Rather curiously, the X5 xDrive40e M Sport sees a slight price increase with the introduction of SST, now priced at RM390,888, which is RM2,000 more than when with GST. As for the company’s imported models like the X2 sDrive20i M Sport, M4 Coupe and M5, prices have gone up, by RM8,000 to RM12,000.
Introduced during the tax-holiday period, the facelifted i8 Coupe’s price has gone from RM1,310,800 with zero sales tax to RM1,408,800 with SST in place, a RM98,000 increase. The introduction of SST prices also means that the G01 X3 xDrive30i has finally been formally introduced, sliding under the GST-era RM320k estimated pricing at RM313,800.
A few models have also been discontinued, mostly in anticipation of next-generation models. These include the regular 118i Sport, 640i Gran Coupe (which will be replaced by the 8 Series Gran Coupe), X4 xDrive28i (replaced by the G02 X4), X6 M and M2 (replaced by the M2 Competition).
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I am so happy car prices have gone down a lot. We as PT readers must not read or listen to fake news anymore that car prices are going up after SST
Less corruption, Lesser BMW sales.
Glad to see the car price drop for some models. Sad to see those politalkcoxk people still here talk unrelevant political topics and get same people to pay them.
Is it cheaper compared to the tax break period from July to August?
Cheaper from gst time.
u high on drugs or what?…tax break period without GST or SST sure still cheaper la…
Ayoyo i just bought Merc. Now have to sell.and buy beems. I hope got diwali sales soon.