Automotive Information
Per 18 June 2015, these Indonesian customers who use a mortgage from a monetary institution to buy a passenger car need to pay a minimal down payment of 25 p.c . The minimum down fee for business automobiles remained at 20 p.c. It is estimated that around sixty five % of all automotive purchases in Indonesia are made via a mortgage.
This is a real missed alternative when it comes to export performance as a result of about eighty percent of the world’s drivers use a sedan car. The key reason why Indonesia has not developed a sedan trade is because the government’s tax system doesn’t encourage the manufacturing and export of the sedan vehicle. The luxury items tax on the sedan is 30 percent, whereas the tax on the MPV is set at 10 percent. This causes the excessive sedan price and so as to encourage demand …

