coop

3 hours ago, qube said:

wow, the p11 primera is actually a really decent car with a great engine, the CVT was the let down, manuals arent too common last time i checked.

Most of the NZ new ones were manual. We never had the CVT option, just 4 speed auto, and sedan. 

Back when Nissan had a decent line up in NZ show rooms - R34 GTR, R34 GT-t, 200SX, P11 Primera, TD42 Patrol. Maybe the SR20 SSS Pulsars at the same time as well, I can't remember.

Look at the absolute sh*t they are flogging off today. No wonder they need to offer 1% finance to move it. 

Find out the hard way. I mean how selling a car can be mentally and financially draining, especially when seller are not willing to meet the market.  

Potential buyers will know the car  and what an unrealistic seller he/she is as it stays on the market for months, or re appears in a years time at a lower price.

Seller has to deal with time waster like the questions on the listings. 

Seller has to keep it insured/warranted/rego/serviced for the time its on the market (assuming they will do this and not stick rego on hold, cancel insurance and only wof/service come sale - a gamble and perhaps deterrent to potential buyers/test drivers).

Price would still be too high if it was a low km immaculate 3.2 6 speed.

Might be ten years too early with that pice, I think instead of the smug comments people should bite their tongue, let the market do the talking and seller to find out the hard way. 

Remember back in 2007 ish you could pick up an M325i E30 for under $10k. 

If I can find a decent one for under $15k around this time next year I'll grab it. 

12 hours ago, Gorrington said:

Does anyone have any experience of compliance in Australia.? Is it similar to here.? There's a chance I may be relocating over to Melbourne later in the year. I guess it's pointless doing  compliance here if I'll have to do it over there as well in a few months.. 

Read up on their private import laws. 

You can take one vehicle over with you as a private import. But it has to be imported within the first year (or two, can’t remember) of you arriving in Australia, to live. It’s been a while since I looked into it. 

I don’t know how it goes, with you being in NZ and the car in the UK. How long have you owned the car for? This may effect chances of taking one over as a private import. 

It may be worth the hassle. There is an E39 M5 on carsales for $125k. 

And it hasn’t been mentioned on here, but one was put on Facebook in the South Island last week for $75k. 

It seems these are going the way of most other desirable classics and are becoming out of reach for most car enthusiasts. 

3 hours ago, oldtimer said:

?

2019 M850i

 

2019 X5

 

2019 3-series

 

 

 

Jesus that looks bloody horrible. 

The same story with the modern Range Rovers and Mercedes S Class.

These taky digital clusters would put me off buying one, considering that is the part of the vehicle you look at most often. 

We will look back at these in 20 years and think wtf (like most people probably do to the VK Commodore interior/dash/instrument cluster). 

No one will do the same at the aesthetically pleasing E39, E46 or E34. Timeless designs. 

3 hours ago, M3AN said:

So the main dials form a mirror image?

God only knows, all the self respecting engineers have left the BMW building.

 

Havent Kia and Hyundai snapped up all the BMW and VAG designers and engineers...

10 hours ago, gjm said:

 

CGT is paid on profit from gains realised through little or no effort. 33000 houses were empty in Auckland alone in 2017; these are typically owned by investors who bought them with a view to sitting on them, selling them in a couple of years, and gathering a 20%+ profit. (Whether they do get that sort of profit is another matter.) Effort - zero. Other than having the money to begin with, and there are people who do this for a 'living'. Applying CGT to these gains (to me) makes sense.
Applying CGT to Kiwisaver, small business gains and so on is a different matter.

Scrap the brightline bullshit (which, let's face it, is only a short-term CGT by another name) and do the job properly. It's sad that reying on a government to do someting properly isn't a rewarding passtime.

 

 

The brighline test is paid on profit (short term). A percentage of sellers who fall under it will profit from little to no reward but you can bet in this flattened market there is no one buying for short term capital gain, unless they are buying & improving properties (Reno, landscaping, adding bedrooms etc) and selling for profit, and there is nothing wrong with this. 

The majority of CGT won’t be paid on profit, it will be paid on inflation, and or hard work (building up a business). And nearly all families will be paying it on a family home, either through inheritance, if the home is business tax deductible (and a lot of small businesses rely on the house as part of their business), or the 400,000 of so eligible lifestyle blocks in NZ. 

The bright line test is a ‘fairer’ way of targeting property speculators. I’d extend it to the family home to avoid any loop holes speculators use to avoid it, and bad luck to any private sellers that happen to buy and sell within five years. 

As I said before most property investors are in the game long term. Buy and hold, pay down debt on P&I mortgages and increase cash flow. It’s not a huge issue to most of them. It will end up hurting ordinary kiwis more - those with small businesses, those who stand in line for inheritance, those who rent out the granny flat, the single dweller or couple that Airbnb their house a couple of nights/week to help pay the mortgage, the family on $80k per year who want to sell their $400k rural lifestyle block (while the family on $250k pa don’t pay it on their 2.5 million dollar Mission Bay mansion). 

10 hours ago, Jacko said:

There are a couple of cosworth mercs on tardme at the moment, look like an absolute bargain compared to E30 M3 prices. 

The Cosworths are more of an E30 M325 competitor.

190E Evos are more M3 alternative, which have asking prices of up around usd 200k.

edit. Now that most of the significant classics (from Europe, US, Australia) have reached price a point that is out of reach for the average car enthusiast, I think both the E30 M325 and the 190E Cosworths are a realistic and safe buy that are guaranteed to go up in value. 

26 minutes ago, Olaf said:

I have no issue with the theory of CGT, and agree that implementing a very well-considered and carefully constructed one, in Godzone, would be acceptable... particularly with a further simplification of the tax system... such as drop to 20% taxation (as an example), or similar.  The implementation must go hand-in-hand with doing something *useful* with the increased tax haul.  You simply cannot discuss this *stab at CGT* and ignore the politics of why and how; the current proposal and the drivers to do so are plain stupid.  

If I buy two rentals in the next three years, and get them paid off by retirement, I'll be very happy.  I'll have paid tax on my labour to generate the deposits, I'll have paid tax to all of the professions and trades hired to acquire, maintain, and manage these properties and their tenants.  I'll have paid tax on the income.  Sure, tax me some more if I want to sell them to fund my retirement, to ease my sorry old bones burden on the state as I age.  I guess I'll be better off holding them, and living off of the income they'll generate, evil landlord eh?  

Guess I should invest in the NZX.  Except that there's sod-all protection for retail investors in NZ, IMHO.  Errant directors are slapped with a wet bus ticket.  I'll do my equities investing offshore, thanks very much.  And pay taxes here, as a good citizen. 

I cannot get past the arguments offered that "because other countries do it, New Zealand should do it... and piss the gains away".  I'm paraphrasing of course.  Were they all given a reading list with Robin Hood at it's head, before beginning deliberations?

/rant

Then on those rental properties you'll have to pay tax on inflation when you sell.

This may not be the end of the world as they are rentals, but people are kidding themselves if they think the CGT won't creep to the family home. Under the recommendations, if you use your home as part of your (small) business, it will be subject to CGT. A non earning lifestyle block will be subject to CGT. When these owners come to sell in ten years time to buy in the same market the CGT they've just paid on inflation leaves them with less than what they just had. 

The jealous lot who like taking a stab at land lords, and say they want to encourage people to dump their money into the share market and business, are the same ones shouting from the roof tops when business make decisions to increase productivity or profits in the way of laying off workers by shifting off shore, automation, downsizing unproductive floor staff etc. 'greedy share holders' 'greedy land lords', you can't win with those types its the same old broken record. 

Is there a housing crisis... There are over 30,000 properties for sale on TM atm. 8,000 for rent. The 'crisis' revolves around un tenantable feral tenants, where no right minded land lord will want in their house. Exacerbated by click bait media.

When the TWG pick up on how prices for classic cars, motorbikes, tractors, trucks and heavy machinery has taken off, and still going up in price, you may have to fork out a CGT on you Volvo! Are you on the NZ Volvo FB group? 

5 minutes ago, BlackrazorNZ said:

The problem with hereditary wealth is simple - it stratifies society and creates the perpetually poor and the automatically wealthy, without any regard to merit or deservedness. 

If someones parents were relatively wealthy, they’re already likely to have had a significant advantage in life due to no deservedness of their own. Compounding that with large transfer of additional wealth when the parents die only compounds the issue. 

Ive long felt that the tax system would be far better off if both company and income tax were substantially reduced, but there was a massive (and I mean 75-90%) estate tax on their passing. Allow people all the fruits of their labour while alive, without entrenching undeserved generational wealth once they’re gone.

I don’t expect or desire equality of outcome, but inter generational wealth transfer completely eradicated equality of opportunity which i feel is the core required tenet of any long term successful and healthy capitalist democracy. 

Interesting proposition regarding a 75-90% estate tax. My bet would be those who are subject to that will have their money/assets off shore, or will cash them in and send/invest money off shore or spend it up. 

I think your first sentence contradicts itself? As in those who are poor, or are perpetually poor, can pull themselves out of it by merit. 

Those who are automatically wealthy without merit or deserving it, will likely be in the same financial position some years after the inheritance. 

I think people who have a similar viewpoint to you seem to think that there is a confined or limited amount of money in this county. 

Money makes money, and if someone who is poor has the drive & common sense, and perhaps the right advice/direction to become rich, they will do so. I've seen it many times.

What sort of threshold will be subject to such an estate tax? 

Consider two or three kids may be beneficiaries, of say a $2million estate (I don't know what an average deceased estate in NZ is worth, but I'd guess $2 mill is on the high side), well that only leaves the kids with $1mill, or $660,000 or so each. Hardly big dollars, especially if they live in Auckland and don't own a house or have a substantial mortgage.  

1 hour ago, BlackrazorNZ said:

Yeh, I had high hopes for the CGT concept but either it won't come in at all or Labour will butcher it.

Even the idea that you would tax shares and not the family home is just nutso. All that does is encourage to sandbag their home, which is a totally nonproductive way to use our collective wealth.

Instead, they should have full CGT on any sale of a non-GDP-generating asset (including the family home!),  and a fairly punishing Estate Tax (to address the problem of hereditary wealth privilege), and use that income stream to support massive incentives for investing in business and shares to drive real growth in the economy.

Will never happen though. Labour are the party of 'tax the rich and give to the poor', and National is the party of 'don't tax on me!'. No one seems to be the party of 'let's use tax as a useful tool to steer the ship.'

Forgetting successive governments doing their best to remove the concept of personal responsibility and allowing or even encouraging more people to be reliant on the govt, I think a lot of resentment to more tax is the blatant waste of money by local and central governments, on vanity projects to suit their ideologies pushed by life long parasitic councillors/politicians who'd struggle to make it in the real world and aren't held to account for the rate/tax payer money they throw down the drain year on year. 

What is the 'problem' of hereditary wealth? Sounds like jealousy or envy at best to me. 

I can't see Labour bringing it in as a lot of their educated voter base are likely in line for their wealthy boomer parents to knock off the perch in the next 5-20 years and inherit that big inner city home plus a rental or several and perhaps a business. 

In the medias drive to hate on the rich, and hate on land lords, it must be mentioned that a CGT will rarely impact most property investors, who are in the game long term - buy and hold. 

Property traders & speculators/flippers already pay a CGT in way of the brighline test, that is any home that isn't primary place of residence is sold for profit within the first five years (I wouldn't mind if this is extended to the family home, to also target the flippers/speculators, but perhaps at a flat rate of 15% as not subject to GST etc). 

An investment property producing income will be paying tax on that income. 

I laugh at the uneducated jealous fools in the Facebook comments who think land lords (that they've been told to hate) will be forking out huge sums of cash over a potential CGT, as if they don't pay any tax on income producing properties already, or aren't subject to the bright line test if they trade a property within 5 years. 

3 hours ago, richard said:

I don't think TAXCINDA is the answer, she's  Winstons show pony, wheeled out for the PR stunts full of clichés and sound bits for the networks.

I do agree that wages have to rise so people can afford to purchase their fist home.  How this is done without causing massive inflation i'm not sure.

I'm still surprised people think she was going to 'fix' this, or anything. It reminded me of when Obama was elected back in '09 and there were random street interviews of poor blacks who thought they were going to be given free cars and TVs because a black man became president. 

If you don't tow the mainstream media line/lie, first homes are achievable. 

So long as they aren't expecting the minimum wage worker or beneficiary to buy a house, the media seems to present the idea both these groups should be able to have lifestyles afforded by people who've worked their way into 6 figure incomes.   

And that also assumes FHB expectations are realistic - they aren't going to get a house they grew up in, in Epsom or Khandallah. They might have to buy something outside of the desirable areas, or an apartment/unit, and progress from there.  

Times have changed since their parents and grand parents bought houses with one income on a 1/4 acre section. People need to stop parroting that broken record.  

13 hours ago, kiwinelson9879 said:

Do you have an idea on the 350 swap? as im tempted... not to make it a race car, but put a lumpy cam in it and make it my hotrod... All these boomers crave 65 mustangs and 69 camaro's, i actually love my e28, and would like to make it a drivable hotrod, id take it to beach hop and shine it up to within an inch of its life 

Don't think you'd be too welcome at beach hop in a BMW. 

I put one of my yank cars in Cruise Martinborough the past weekend, and although the eligibility criteria is more relaxed than beach hop, apart from a few pommy Fords, there was only one Euro entered... VW Karman Ghia.

M60 will go just as good as an LS1, and it's not like no ones has ever dropped a chev into one of these. 

Hi Matt. 

I don’t have a BMW you’re after, but I do have a late 1980s 560SEL in good original condition. If you only find a decent E32 or E34 they might make a nice 1980s couple. An E32 750iL would be a good companion. I would like to have both in my garage. 

Disregard if you’re set on BMW only. These aren’t to everyone’s taste?

Didn't the V8s also compete in the category/against the 2 litres?

When they wrapped up the four cylinders I was a kid but can vaguely remember the Primeras (and Peugeot 406 or Toyota Coronas?) serving the Falcons and Commodores when the rain came out.

I think Team Kiwi Racing had Primeras. Can't find any footage of the old series, including youtube. 

Consiser the mercedes GL320 cdi or GL500 both can be had for around $20k now. 3.5t rated. The Petrols are better value for money. 

Jeep Grand Cherokee WK with the Mercedes diesel running gear can be had for as low as $10k. Probably the best value true 4wd on the market. 

i think the ranger is the most over rated vehicle of this decade. 

The difference between now and the 1980s and before is that our roads, our cars and independence have improved greatly. 

I don’t think rail will ever come back as a viable freight or passenger service (outside of the cities) for the fact we have such a small spread out population over difficult topography, and no community is self sistanable like decades gone by. Ie time sensitive pre packaged salads from Mangere are on the shelves in Invercargill and berries from Timaru are sold in Tauranga etc. 

the Hamilton - Auckland passenger rail service is a joke and the media are too scared to scrutinise. 90mins Hamilton to Papakura. Have they done any reasearch as to where Hamilton commuters work? My bet would be majority in the airport and East Tamaki areas. Requiring a connecting bus or connecting train and bus. If going to eaither of those areas, or the CBD, one is looking at a 2 hour minimum commute plus the travel time to the Hamilton station and waiting around for the train... 5 hours daily commute?!?! 

And to top it off the service is the same price Porirua to Wellington train so a huge waste of money .

olaf - to be honest I don’t think the Island Bay cycleway has affected house prices much or at all. It is still one of the more desirable suburbs in Wgtn. Luckily all houses on that stretch of road have ample off street parking. No argument that it has become more dangerous for every road user including cyclists, especially with cars entering and exiting a driveway. 

Im guessing you haven’t seen what they have planned for Berhampore and Newton? 

Adelaide Rd, Russel Tce, Riddiford St, Waripori St cycleway will see to loose 600 car parks! 

3 hours ago, Olaf said:

Errr, given our current disarray with WoF testing, I'm not certain your trust/confidence is somewhat misplaced!

Equally, I'm stunned that having returned from one of the most polluted cities in the world more than 20 years ago, where we had annual emissions testing, that NZ has shied away from this.  We badly need laws protecting emissions control systems, and ensuring vehicles used on the roads conform to emmissions standards. 

Why... What are we going to achieve by that? Our total population is smaller than the cities of most countries in the world. We are a drop in the ocean. To do this is only going to hurt the poor who don't have the means to repair a non conforming older vehicle that they rely on everyday day, or buy newer 'cleaner' vehicle. 

I'm surprised the current lot of out of touch bludgers in parliament haven't pushed for this, especially the Greens. I'm of the opinion that if they could, they'd be taxing cars relative to their engine size or claimed fuel use, and a RUC type system for all vehicles. Their hate for the motor vehicle and the freedom they give us is apparent. Hell, look at WCC and their anti car initiatives. I have a house in Island Bay and still spew every time I drive up the monstrosity that is The Parade. 

First problem is going to VTNZ and having their failed, unreasonable and unrealistic mechanics inspect it. 

I would perhaps steam clean or brake clean the oil leaks on it. 

Maybe run some thicker oil (when does it smoke, under load, on over run, after sitting idle for a few minutes?). 

Maybe trade in on an E46 330i, E39 or E60 530i, depending what you require of a car. 

Its a bugger BMW have gone from some of the strongest engines from the 70s-80s and into the 1990s to the fragile crap they've put out over the past 15-20 years M Cars included.  

You'll also find amongst Land Rover enthusiasts, P38s are more desirable with the EAS in the vehicle and working than ripped out for coils. For obvious reasons. Coupled with the four wheel traction control, they are were more capable off road then nearly anything else from the 1990s.

I think these are becoming more collectable amongst LR enthuiasts, not to the level of the RR Classic but enough to save or not butcher good examples.

I had one converted to coils, and it had a better ride quality than one with EAS. 

My only issue with them is the transfer case - controlled electronically by the BCM and the transmissions own ECM, with no real mechanical locker, so if you break an axle etc in the bush you're really buggered. No doubt another obstacle you'd need to navigate around with a re power.

I think the over rated 1KZ would be cracking heads on a monthly basis having to haul around a 2.5 tonne Range Rover. 

Complexities around the P38 might make it easier and cheaper to keep it as a parts car and find a standard 2.5dse, or the later L322 with the BMW td6, or even a td5 Disco. 

Also I think diesel and V8 gearing are different of the top of my head... the V8 Range rovers will do 70 in 1st and around 120 in 2nd. 

2 hours ago, gjm said:

Odd. 6.2 is very routine economy in our 2002 320d Touring - we'd always get better than 600 miles (UK import) from typically less than 60 litres of fuel in a mix of SH1 and Hamilton or South Auckland traffic. I'll check the figures. (Not been keeping my thread up to date, but not used the car much recently.)

Is yours manual? 

Mine was an auto one. Not the first car I have had that has some discrepancies between fuel use, sounds as though yours is more frugal (I assume your speedo error isn’t reading excessively high, throwing out the total kays?!).

Driving sedately say cruising behind trucks at 90 my 320d may have dropped down to 6 or even less over a long distance. 

But yeah I never managed 1000km on a tank. I think I may have scraped 900km but that was it. 

The E39 530i Msport I had afterwards made more sense. I could manage about 8/100km open road same driving style. 

Mich nicer to car to drive long distance especially with the M54 and staggered wheels. Perfect for long distance NZ roads IMO. 

For an extra 9 or so litres to do my usual trip from Cambridge to Wellington, a no brainer. 

Even when I was looking at the E87 with the same engine I could not justify it after reading several forums and what sort of mileage people were getting out of them. 

On 11/29/2018 at 7:28 PM, Ace Of Spades said:

e46 320D?

Super reliable and very economical.... Just the RUC's to worry about. 

Not that economical IMO. 

I could not better 6.2l/100km in mine. 

A gentle run at 100 on flat road, say Hamilton to Auckland or Wellington to Hawkes Bay was usually 6.2l/100km

It was replaced with a 2012 Corolla 1.8 manual which under the same style of driving will return 5.8l/100km. 

If I nurse the Corolla and sit in behind the usual open road day dreaming muppets and not worry about passing I can get down to 5.6. 

Around town they are the same (8ish l/100km)

I was set on a newer E87 120d but I read the N47s have timing chain issues. 

So I thought bugger it, the Corollas aren't badly priced and over ten years it will likely only need a few sets of tyres and a couple of batteries. I would not be confident saying the same about a BMW. I have enough cars and bikes that need attention, I don't want the daily city car to be a long term project or head ache as well.

Not trying to recommend a Corolla BTW but the old E46 320d just made no sense with its relatively high fuel consumption and the RUC rort. 

I think if I were to do it again with the BMW, I'd go for an E46 330i or E87 130iM spec. They seem relatively bullet proof and the extra 1 or 2 litre/100km in consumption over a four cylinder would be worth it as far as smiles go. 

On 10/10/2018 at 4:29 PM, M3AN said:

Norway doesn't have the same social or cultural structure as New Zealand and as a result doesn't have to solve the same types of problems. It's a seemingly comfortable but ultimately unreliable comparison. If you've spent any time there that's plain to see.

For example their poor and/or uneducated people don't beat up their own families like ours do.

 

 

I guess you could compare further, and ask a few more questions, 

does Norway have rampant entitlement culture that is too common in this country, largely fuelled by the media and vote grabbing politicians? 

Is personal responsibility a thing of the past in Norway, where anyone’s failings can be blamed on someone else? 

Is there a section of society/demographic of Norways population who have no regard for the law, no respect for the police and are repeatedly in/out of  the courts, bringing no gain or productivity to society? 

Does Norway have generational welfare breeders, living off the tax payers for decades? 

Does Norway place more value on the family unit? Do they value fathers more than we do here, where fatherhood is trivialised while solo mothers are paraded as something to be looked up to. 

Does Norway have rampant issues with mysoginistic drug dealing gangs, hooking vulnerable people and teenagers on meth, with the tax payer left to bear the costs of these huge spin on effects, while the media and politicians are too scared to do anything about. 

9 hours ago, gjm said:

A lot of people don't realise that you don't have to be self-employed to offset income-related expense against your due tax.

 

How long has this being the case?

I haven’t worked in NZ full time since 2012, but both jobs, one as a mechanic at two franchises, and the other as a line haul truck driver, there was no mention of claiming expenses against income tax (tools, PPE, meals when staying away etc). 

I’m working in Aus since 2012 as a mechanic. I can claim tools, cell phone, laptop, prescription glasses, over night allowance & out of zone allowance (breakdowns), vehicle, health insurance, any training/tickets/ licences and associated costs. 

Each end of financial year I get between 10-20% back in tax. 

As an employee i don’t think this happens in NZ?