Is the Wildlander Hybrid Exempt from Purchase Tax?
3 Answers
Wildlander Hybrid is exempt from purchase tax, and plug-in hybrid models are exempt from license plate auction and purchase tax. New energy vehicle purchase subsidies: Purchasing new energy vehicles can qualify for financial subsidies from both the national and local governments. From January 1, 2021, to December 31, 2022, the purchase tax on new energy vehicles is exempt. Purchase tax: Vehicle purchase tax is a tax levied on units and individuals purchasing designated vehicles within the country. It is determined by the ex-factory price of the vehicle (excluding VAT). The more expensive the vehicle, the higher the purchase tax to be paid. Currently, the vehicle purchase tax rate is 10%.
I just checked, the Wildlander hybrid model is a regular hybrid, not a plug-in hybrid, so it basically doesn't qualify for purchase tax exemption in China. According to policies, only pure electric vehicles or plug-in hybrid vehicles enjoy purchase tax exemption benefits. For this type of vehicle, the purchase tax is about 10% of the car price, which could mean spending over 10,000 yuan more. The fuel efficiency is indeed good, with low daily fuel consumption, and you can save a lot on fuel costs over the years, but the initial payment doesn't have that sweet tax reduction. Before buying, it's best to directly ask at a Toyota 4S store for the latest information, as policies sometimes have minor adjustments. Also, check the model carefully, because there might be changes for certain years or specific versions. Overall, it's still recommended to rely on official information and not just believe random online rumors.
My friend recently bought a Highlander Hybrid, and it drives very smoothly with noticeable fuel-saving effects. Regarding the purchase tax, he confirmed that it wasn't exempt because it's a regular hybrid, not a new energy vehicle as defined by the state for tax exemption. The policy only applies to pure electric or plug-in hybrid vehicles, which qualify for tax reductions. This means you need to prepare to pay the full 10% tax when buying the car, which can be a significant expense. In the long run, lower fuel costs can offset some of the expenses, but the initial down payment is higher. Don't worry, when buying the car, just bring the necessary documents and ask the salesperson, or check the policy documents on the official website. From a cost-saving perspective, hybrids are indeed economical, but you won't save on taxes.
