Appendix C: Price Comparison Provided by IMVDA
Please note that no attempt has currently been made to check these calculations with Toyota New Zealand or other sources. As such these estimates should be treated with caution. They should also remain strictly confidential.
Toyota Landcruiser VX 4.5 turbo diesel
| Purchase price at retail in Japan (estimate) | ¥3,900,000 |
| Shipping costs | ¥100,000 |
| Total FOB | ¥4,000,000 |
| FOB at an exchange rate of 77 yen per NZ dollar | $51,948 |
| Ocean freight | $1,000 |
| Duty @22.5% | $11,688 |
| NZ costs, compliance and registration | $500 |
| | $65,136 |
| Trading margin of 12.5% | $8,142 |
| Allow warranty cost reserve | $2000 |
| | $75,278 |
| GST of 12.5% | $9,410 |
| | $84,688 |
| New Zealand recommended retail | $114,000 |
| Price difference | $29,312 |