Autovero: The ultimate ripoff
Looks like the international news has caught on to Finland’s car tax scheme.
“Buying cars in Germany has become a common practice for Finns who face hefty taxes on vehicles purchased in Finland, which has contributed to the growing number of crossings….â€Â
With Finland’s car tax, used cars in Finland cost nearly double the German price. It’s slightly cheaper to import one yourself, but not much so. For example, bringing a 10,000€ automobile to Finland from Germany will cost you roughly an additional 8,000€ in Autovero. The total price for your 10,000€ automobile will be about 18,000€. I can’t help to think about how much money Finns lose due to this ripoff.
The loss is not just 8,000€ when you consider the Time Value of Money. Let’s say you instead invest that amount in a growth mutual fund that yields 10% per annum. In 25-years, it’ll reach a value of over 85,000€.
But, considering that you’ll probably need to purchase two-used cars within that 25-year timeperiod, you’ll actually lose about 110,000€. Hence, you’ve gotten ripped-off twice; in total, for roughly the cost of a flat!
While the rest of the world knows it’s best to buy cars as cheaply as possible—after all, cars are the worst investments out there—it’s no wonder Finns are among the poorest people in western Europe.

@ 2:35 pm 


