Why are BMW so expensive in Thailand?

Is BMW expensive in Thailand?

BMW Cars in Thailand

The lowest price BMW model is the 1 Series 5 Door THB 2.07 Million and the highest price model is the 7 Series Sedan at THB 13.5 Million.

Why are cars so expensive in Thailand?

The answer is import duties and taxes. In order to protect the domestic auto industry, the government has levied high import duty and taxes on all imported cars. … Importing a new car to Thailand will currently cost between 187 and 328 per cent in import taxes depending upon the engine size and power.

Are cars more expensive in Thailand?

Cars are expensive in Thailand and it doesn’t help that all the popular models are imported. The cost of a new basic model Honda Civic is 778,000 baht (24,698 USD) while the median income of a Thai citizen with a bachelor’s degree is 804,950 baht (25,554). … A car usually goes for around 1,200 to 1,500 baht per day.

Why are sports cars so expensive in Thailand?

As ‘Jing’ says, the car market is not mature. There is also a very high import tax on foreign vehicles (depends upon many factors but all in excess of 320% of CIF value), which is why Thailand is a restricted market.

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Are BMW made in Thailand?

BMW Manufacturing (Thailand) Co., Ltd. is an automobile manufacturing company based Rayong, in the Rayong Province of eastern Thailand and a subsidiary of BMW Group Thailand.

BMW Manufacturing (Thailand)

Type Subsidiary
Founded 1998
Headquarters Rayong, Thailand
Products Automobiles, engines, motorcycles

Can foreigners buy a car in Thailand?

Buying a car in Thailand is allowed for both Thai people and foreigners. You can buy a new car or a second-hand.

How wealthy is Thailand?

Thailand itself is a newly industrialized country, with a GDP of 16.316 trillion baht (US$505 billion) in 2018, the 8th largest economy of Asia, according to the World Bank.

Why is Thailand so cheap?

Thailand is very cheap because the day-to-day expenses tend to be lower than in other countries. For example, booking a hotel room, going to a restaurant, or taking a taxi is cheaper. To be precise, it costs $70 dollars per day to live a tourist life in Thailand.

How much is a Ferrari in Thailand?

Ferrari Cars in Thailand

Ferrari offers 4 Coupe and 3 Convertibles in the country. The lowest price Ferrari model is the California T THB 23.32 Million and the highest price model is the FF at THB 32 Million.

Is stuff cheap in Thailand?

Thailand is an inexpensive country, but if you’re on a really tight budget and need to lower your costs here’s how to save even more money during your visit: Get off of the tourist trail – The easiest way to save money in Thailand is to live like a local.