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Originally Posted by demonv8
2nd hand Aussie made cars are cheap too, thanks to the massive depreciation that we new car buyers are stuck with. Thanks Holden...NOT!
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Then lets make car depreciation tax deductible, pro rata up to but not beyond the luxury car tax threshold, for private individuals. Americans make their private home loans tax deductible as they want to promote house ownership. Why not promote new car ownership. As the big Aussie family car depreciates so much because there are so many of them in the market, then they will benefit the most.
Other benefits are it would lower the national fleet age, which would improve safety and help the environment as well as protect jobs.
I'd nearly consider re-electing Howard for that.
Somebody send the idea to the PM - I don't think I could bring myself to do it.
