International price differences on Cayenne/Panamera models
Jan 17, 2011 | 01:41 PM
#15
Thread Starter
| Teamspeed Junior Member
Joined: Nov 2010
Posts: 71
From: Kuwait City, Kuwait
I simply asked about why the prices here are higher than in the US and as other users pointed out with multiple reasons, they also pointed out Porsches are also far more expensive in other places. Ask a question, get an answer.
A final note, I consider myself very lucky. Owning a Porsche and living my current lifestyle makes me quite privileged and I'm thankful for that; I'm sure plenty of other forumers here share the same emotion.
Thanks to everyone for the answers.
Porschephile88
Jan 30, 2011 | 10:32 AM
#16
Teamspeed Senior Member
Joined: Jan 2011
Posts: 548
That is INSANE.
Jan 30, 2011 | 11:27 AM
#17
Official CED
Joined: Apr 2008
Posts: 3,013
From: Global
Hello TS. Been a while since I last posted.
I have a question that some of you might be able to shed some light on. I live in Kuwait and I'm planning on acquiring a new Porsche within the next three months. Tentatively looking at the new Cayenne or Panamera since I'm getting tired of waiting for the 991. What I can't seem to understand is why these cars are so much more expensive here than, say, the United States.
In Kuwait, the V6 Cayenne begins at 19900 Kuwaiti dinars, or 70793.31 United States dollars. Compared to 47700 USD in the US, that's a massive difference. A base Cayenne Turbo is 38600 KWD here, or 137317.57 USD compared to 106000 USD in the US.
More examples:
Panamera V6: 29500 KWD --> 104944.78 USD. US price: 74400 USD.
Panamera 4S: 37400 KWD --> 133048.63 USD. US price: 94700 USD.
Panamera Turbo: 51300 KWD --> 182497.19 USD. US price: 135300 USD.
You get the picture.
With just a smattering of options, a Kuwaiti Panamera Turbo can skyrocket to over 200000 USD! I've tried several absurd configurations on the US site [think 21000 USD Powerkit Turbo, carbon, etc.] and only then did I breach the 200000 mark.
Thoughts as to what's the deal with that? Any input would be greatly appreciated.
Porschephile88
I have a question that some of you might be able to shed some light on. I live in Kuwait and I'm planning on acquiring a new Porsche within the next three months. Tentatively looking at the new Cayenne or Panamera since I'm getting tired of waiting for the 991. What I can't seem to understand is why these cars are so much more expensive here than, say, the United States.
In Kuwait, the V6 Cayenne begins at 19900 Kuwaiti dinars, or 70793.31 United States dollars. Compared to 47700 USD in the US, that's a massive difference. A base Cayenne Turbo is 38600 KWD here, or 137317.57 USD compared to 106000 USD in the US.
More examples:
Panamera V6: 29500 KWD --> 104944.78 USD. US price: 74400 USD.
Panamera 4S: 37400 KWD --> 133048.63 USD. US price: 94700 USD.
Panamera Turbo: 51300 KWD --> 182497.19 USD. US price: 135300 USD.
You get the picture.
With just a smattering of options, a Kuwaiti Panamera Turbo can skyrocket to over 200000 USD! I've tried several absurd configurations on the US site [think 21000 USD Powerkit Turbo, carbon, etc.] and only then did I breach the 200000 mark.
Thoughts as to what's the deal with that? Any input would be greatly appreciated.
Porschephile88
But consider this: (My facts could be off)
As far as i know, in Kuwait there are no income taxes right?
Any fuel tax on each liter that you pump into the car? Any gas guzzler tax on new vehicles? Do you guys pay for healthcare, dental care? How about education? Add to that, the million other taxes left or right that we have, you'll realize that, somewhere you probably have the advantage.
Last edited by Ced; Jan 30, 2011 at 11:41 AM.
Jan 30, 2011 | 11:50 AM
#18
Thread Starter
| Teamspeed Junior Member
Joined: Nov 2010
Posts: 71
From: Kuwait City, Kuwait
Ced:
We don't pay taxes in Kuwait. The price of fuel is extremely low [government subsidized, if I'm not mistaken] and education and healthcare are taken care of by the government for Kuwaiti citizens. All that's left is the price of the vehicle itself.
I didn't take that into consideration before; I thought that it may have to do with some sort of import duties or something or other. After all, the price of Porsches in Kuwait are [or should be] mandated by the offices of Porsche Middle East & Africa. Who knows?
Thanks.
Porschephile88
We don't pay taxes in Kuwait. The price of fuel is extremely low [government subsidized, if I'm not mistaken] and education and healthcare are taken care of by the government for Kuwaiti citizens. All that's left is the price of the vehicle itself.
I didn't take that into consideration before; I thought that it may have to do with some sort of import duties or something or other. After all, the price of Porsches in Kuwait are [or should be] mandated by the offices of Porsche Middle East & Africa. Who knows?
Thanks.
Porschephile88
Jan 30, 2011 | 12:00 PM
#19
Official CED
Joined: Apr 2008
Posts: 3,013
From: Global
Ced:
We don't pay taxes in Kuwait. The price of fuel is extremely low [government subsidized, if I'm not mistaken] and education and healthcare are taken care of by the government for Kuwaiti citizens. All that's left is the price of the vehicle itself.
I didn't take that into consideration before; I thought that it may have to do with some sort of import duties or something or other. After all, the price of Porsches in Kuwait are [or should be] mandated by the offices of Porsche Middle East & Africa. Who knows?
Thanks.
Porschephile88
We don't pay taxes in Kuwait. The price of fuel is extremely low [government subsidized, if I'm not mistaken] and education and healthcare are taken care of by the government for Kuwaiti citizens. All that's left is the price of the vehicle itself.
I didn't take that into consideration before; I thought that it may have to do with some sort of import duties or something or other. After all, the price of Porsches in Kuwait are [or should be] mandated by the offices of Porsche Middle East & Africa. Who knows?
Thanks.
Porschephile88
Import duties simple as that.
Feb 3, 2011 | 08:46 AM
#20
Teamspeed Junior Member
Joined: Dec 2008
Posts: 33
We in the UAE have the same Porsche prices as in Kuwait and other GCC countries, I was told from a porsche representative here that the difference has only become greater and that is because their old contracts said that they are able to purchase cars in USD and since the Panamera came out, it has changed to Euro's.... Not sure if im a 100% correct, but seems logical...
Also our fuel price here is really expensive, I pay more here for fuel then when i used to in the states (east coast)...
Also our fuel price here is really expensive, I pay more here for fuel then when i used to in the states (east coast)...