Toyota wants luxury car taxation to be waived

Drivers looking to compare car insurance policies before buying a luxury motor may find the current taxation on such models abolished if Toyota Australia's pleas are acted upon.

The Luxury Car Tax was first introduced in 2000 and the threshold was set at $57,466.

However, this has not been sufficiently adjusted since and chiefs at Toyota have said the rising value of cars has meant that some relatively standard models are now being classed as luxury vehicles.

Senior executive director of sales and marketing David Buttner believes the cost of motoring is expensive enough anyway.

"Toyota Australia would like to see the Luxury Car Tax abolished. But if not, then at the very least, it should be fundamentally reformed to feature a more realistic threshold," he commented.

In a recent investigation by Your Money Magazine, Toyota Australia performed well and was handed a number of best overall value awards for its range of low cost cars.

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