Thursday, April 20, 2006

I'm amazed at the number of imports from the grey market of higher end cars in metro Manila.

Value for money is supposed to be good- but- there is the idea that with gas prices rising the way they are the costs of upkeep on high end grey arket cars must be skyrocketing.

But then - if you can afford the cars - gas prices must be the least of you worries.

Higher end imports have come in under new liberalized tax rates that put a flat 500,000 tax on imported cars and trucks- which actually is improving the market of cars that before were taxed at up to 300% of the sticker price.

Ok ten million pesos for a Porshe is out of my league or seven million for a high end BMW but still if you've got the money and a feeling of wanting to flaunt it. Get the number from the picture and enjoy life a little!

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