what price is considered a luxury car

Best answer


There is no minimum price for a vehicle to be defined as aluxury car,but all except a handful of current offerings from the widely recognized luxury brands start at more than $35,000. Once options are tacked on there won鈥檛 be many vehicles that roll out of luxury-brand showrooms for less than $40,000.

People also ask


  • What is the definition of a luxury car?

  • But for taxation and depreciation purposes, the definition is more about thresholds. The ATO defines a 鈥榣uxury car鈥?as any motor vehicle that has a purchase price exceeding the luxury car threshold. The luxury car threshold is indexed yearly but is at the time of writing it is $68,740 or $77,565 for fuel efficient cars (effective from July 2020).

  • How much is the luxury car tax?

  • How much is the luxury car tax rate and what is the threshold? According to the ATO , the luxury car tax is set at 33% of the value of the vehicle above the luxury car threshold. For the 2020/21 financial year, the thresholds are $77,565 for fuel-efficient vehicles, and $68,740 for all other vehicles.

  • What is the best luxury car for the money?

  • The best luxury car for the money is the BMW X3. The BMW X3 sDrive30i starts at $43,000, and it鈥檚 outfitted with a 248-horsepower engine and an eight-speed automatic transmission. It鈥檚 considered to be one of the best value for the money luxury cars of 2021, from the brand that tops our ranking. The X3 is also a versatile and reliable car.

  • What is the luxury car threshold?

  • The luxury car threshold is indexed yearly but is at the time of writing it is $68,740 or $77,565 for fuel efficient cars (effective from July 2020). This means the ATO definition of luxury cars can include those often considered mainstream vehicles 鈥?E.g. sedans, station wagons, SUVs and 4 Wheel Drives (4WDs).

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