Financial Advantages
- Vehicle excise tax
- Taxable amount is only 3% of the purchase price, compared to 5% for a larger car.
- Automobile weight tax
- For a three-year period, the amount is 13,200 yen. For two years it costs 8,800 yen, which compares to the 18,900 and 12,600 yen respectively charged to larger size passenger cars. The savings are thus above 30% in both cases. This weight tax is paid after the vehicle has passed its safety inspection.
- Automobile liability insurance (compulsory insurance) premiums
- A 24-month insurance contract typically costs 18,980 yen at the time of registration, versus 22,470 yen for a larger car.
- Annual road tax, which is based on the engine's displacement size
- Optional added insurance is also much cheaper.
Read more about this topic: Kei Cars
Famous quotes containing the words financial and/or advantages:
“What people don’t realize is that intimacy has its conventions as well as ordinary social intercourse. There are three cardinal rules—don’t take somebody else’s boyfriend unless you’ve been specifically invited to do so, don’t take a drink without being asked, and keep a scrupulous accounting in financial matters.”
—W.H. (Wystan Hugh)
“A woman might claim to retain some of the child’s faculties, although very limited and defused, simply because she has not been encouraged to learn methods of thought and develop a disciplined mind. As long as education remains largely induction ignorance will retain these advantages over learning and it is time that women impudently put them to work.”
—Germaine Greer (b. 1939)