TDS
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Im also interested to know more about this. I contacted one company and the understanding given to me is
- you pay a downpayment
- the vehicle will be owned by the finance company
-you pay the monthly lease which is less than the nornal commercial lease installments
- the lease period is short term- like 3 years
-at the end there is a balance to be paid- which is generally 50% of the value of the vehicle. At this point you can decide to sell the vehicle or settle the balance and keep the vehicle to yourself.
Since that company has a considerable online presence, i believe there may be others who have got vehicles from there.
Is there anyone willing to share their experiences? Are there hidden costs/risks?
Much appriciate your valuable insights snd experiences
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3 minutes ago, Dee Jay said:
Do a search in the forum there were a few recent threads discussing luxury tax. Luxury tax was there before; but the method of taxing was amended a couple of months back (from a particular cylinder capacity upwards to a CIF based one). Here you will find the official press release by the finance ministry.
If the CIF value exceeds 35 lakhs then the value beyond that is subject to a luxury tax. (eg: vehicle CIF is 40 lakhs you pay 5 lakhs as a luxury tax).
The normal engine capacity based taxation also applies based on the cylinder capacity of the vehicle and it is not connected with the luxury tax.
So, basically let's say you import a vehicle with a CIF value of 40 lakhs and a CC capacity of 998cc you have to pay the luxury tax of 5 lakhs plus the applicable tax for the 998cc (which is around 2 million).
Thanks much bro
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What exactly is luxury tax? Is it on cif value 3.5 mil or engine 1500cc? Those are two different taxes?
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Guys based on @iRages advice I wanted AWD vehicle but apparently according to some importers if I get AWD highest grade with all the options cif value will go beyond 3.5 million and it will be subject to a heavy duty of app. 1 million which makes it no sense to go for it. Srilanka’s duty structure is just weird and crazy.
can someone please enlighten me on this 3.5 mil duty ?
When you consider cif value does it include the options you add too?
Does it include the cost of additional tires, keys etc?
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thanks to @Dee Jay's tip i checked out the vehicle today. in layman's terms it's actually ok in terms of the size because im not looking for a big size vehicle also. Its actually bigger than the vitz and has a good ground clearance . However i also felt its not so spacious inside but compared to CHR and Vezel the rear passengers would have more space i think due to its box shape. Couldnt do a drive as it wasnt allowed.
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7 minutes ago, Dee Jay said:
@sathyajithj99 That's the one I was talking about.. @TDS seems its still available
Yes called them bro it’s still there but today I have a very tight schedule prolly go tom
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6 hours ago, Dee Jay said:
Check your DM. Don't know if it is available there now as they had only one unit and many people were coming to inspect it.
But, I think other places would also have it by now most probably.
Thank you bro
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On 12/8/2019 at 3:53 PM, Dee Jay said:
Well the first set of Raises have landed it seems.. A friend of mine is expecting to buy one and I went with him today and inspected one (Z grade variant) at a car sale.
Seemed decently put together not as plasticy as I expected. But, like @iRage reiterated it is nothing fancy and the interior isn't as spacious as the dimensions sounded. Average leg space and headroom was there in the back (this is when the front seats were not dragged to their back most position. But, the position it was set in didn't cause any problems for the front passengers either). I felt 3 fully grown adults might struggle to travel in the rear (hatchback like room was there). The luggage space was also in a decent hatchback territory. The thing that caught my eye the most was how tiny the accelerator pedal was
(me being a Civic FD owner I'm used to a large accelerator pedal). As I saw the rear had torsion beam suspension and drum brakes (I might be wrong here because it was just a few minutes with the car)
@Dee Jay May I know the place to go and have a look please?
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32 minutes ago, iRage said:
I bet you would not be complaining if the librarian was an attractive lady
Well...what makes you think sarcasm cannot be helpful....I was being helpful with a tinge of sarcasm and humor
Well I haven’t driven or owned super luxury vehicles like you guys and obviously don’t have the capacity to buy those also. I’m trying to make the best decision with my hard earned money and in my circumstances and I don’t think one needs to be sarcastic about it.
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6 hours ago, Ranjitha said:
Love the pics iraj ?..
But I sense some sarcasm in that reply.. The string of photo comparisons you dished out made me laugh out loud....??
Which was not a good idea since I was studying in a library..???.. Now I'm getting looks from the librarian
I though he was helping but was he being sarcastic all this time ?
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48 minutes ago, iRage said:
They have not published it....the report that said Toyota had 6000x orders said that the Daihatsu had only 3500 order. On one hand it could also be because in Japan Toyota has a much wider dealership network than Daihatsu. Because of that Japanese prefer to buy the Toyota variant of a common car because the after sales service is more accessible and comprehensive.
I found the Rocky to be much nicer looking. I took this at the motorshow...look at the height of the women next to the white Rocky over there....
Since we are putting up picture of comparison....here are some pics of the vehicle next to a Toyota Probox and a kei van
Here is Nobohiko Ono-san, designer of the Rocky/Raize standing next to his creation...
Here is Ono-san, who also was the chief engineer for the Boon/Passo standing nex to his creation a few years back..
Here is a beautiful Japanese model sleeping in the back of a Vitz GR Sport GR...
well...I could not find a picture of her laying in a Raize/Rocky...so that was a waste
but look at this man stand next to it...
now look at him sit in it
Finally...a Copen GR Sport, CHR GR Sport and a Raize altogether
wow thank you @iRage ??????
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1 hour ago, sathyajithj99 said:
Raize vs RAV4 in size
Why am i getting more and more impressed with this little car with the every picture i see ?
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Found these pics on fb for size comparison. Given the angle these were taken suggest that its smaller in length when compared with CH-R. Width difference doesnt seem to be much
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Also I’m told that one place will have a few units by 20th Dec, looking forward to go there and see it in my own eyes...
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54 minutes ago, iRage said:
That is not true....I just read an article of a test ride that said that Toyota had recorded only 6500 orders for the Raize and 3500 for the Rocky (the article was published on the 2nd but the test drive was done last weekend).
1. Local car salesmen cannot have placed more orders than what Toyota and Diahatsu say they have received
2. Hard to imagine that all the orders Toyota has are for Sri Lanka
Especially when there are a few available for sale in Japan right now
I hope there aren’t many orders from srilanka and I don’t have to wait in a long queue like a few years back my friend had to do just to get an Alto
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1 hour ago, matroska said:
Two automotive terms that give the Average Karunarathna's hard-on's are (1) Toyota (2) SUV (or in their language Jip eka) it doesn't matter this is a mini-suv it's a Toyota SUV and that's enough for them to lose their sh#t ?
Sri Lanka's are generally bad at understanding/comprehending the concept of using something for what it was intended for. What i'm more interested in is to see if anyone actually brings down the actual Daihatsu version. Looking forward to hearing stuff like ' Daihatsu eka gahanne Malaysian wala' 'Or Daihatsu eka market naha eka gahanne taiwan wala'
Yeah well even when you look at that video hrm shared it's clear the car is rather small
Unfortunately in the reality we live in, I have to be considerate of the few factors which have limited my options...
considering the size, from the dimensions available online my understanding is that it will be in the same width and length as Rush 2007 model, but will be 10 cm less in height. The hieght will be the same as a vezel. So when you think of a shorter version of Rush 2007 or a narrower version of a vezel- I think it is going to be a small car.
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On 11/25/2019 at 12:29 PM, hrm said:
Saw in Elak*ri that couple of units are about to be shipped soon and will arrive here in late Dec/ early Jan. This is the first actual video I found driving it. At low speeds car is silent but when you push it, sounds almost same as the Vitz probably due to same engine being turbo charged. Pretty rev happy.
Thanks dude
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Guys the country is going to be flooded with Raize I think- heard from an importer today that there are about 7000 pre orders from Srilanka alone now ?
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On 11/22/2019 at 7:45 AM, kush said:
I here you, my Corolla Sport has only 135mm, you need to plan the route. negotiating the entry exit out of the road is the worse as there is either a hump, gradient too much etc..
This is the reason most of the buyers look for SUVs, just for the ground clearance nothing else.
Ground clearance is one of my main concerns
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4 hours ago, iRage said:
You are asking for opinions on a car that NO ONE in SL has actually seen or touched. Fine..I saw the car in person but I have not driven or ridden in one so again...makes no sense to comment on anything.
If you are concerned so much about fuel economy...then go buy a Hybrid or a kei car. Not a SUV of any size !
I keep telling this in every Raize thread....the car is the same size as a Vitz...a little bit larger..but that is it....because of the boxy shape it looks larger, but its not, and has a better utilization of space. That is it. Ride wise..it is probably going to be the same as a little hatchback...so if you hated travelling in an an aqua or Vitz because of its small-ness and the bounciness due to its small-ness..this is not going to be much different.
If you are going to go for a 2WD version..then go for a Vitz...because that is what it is (well...a Vitz with a 1.3L engine so it will drive a bit better than the 1L variant)....just taller. If you are going to go for a SUV looking vehicle...just go for a 4WD variant. The thel higannas who want the looks of a SUV will always defend saying an AWD Vezel, CHR, RAV4, etc....is pointless..but those who have an AWD variant will know versatile how useful AWD is. The AWD variants of the CHR, Vezel, RAV4 are not that far off in fuel efficiency.
The AWD system in this is not necessarily designed for off-roading..but to just get you up and down a snowy or muddy or wet road, just like an AWD Corolla or Vitz or Corona or Allion. That is it...so the engine will be sufficient.
As for resale value...how the heck would anyone know since the car has not even been mass sold in Japan yet ? Right now there is a huge demand for it in SL..but after sometime..who knows ? Some people are going to get turned off by it (and will be grumbling and looking toget rid of it) and some will keep on lusting for it and make having one the sole purpose of their existence.
Also, if your budget is 4 to 6 million, which is quite a lot for a young new car owner, there are so many other options in the hatchback, sedan and crossover market that are actually sporty and youthful. You just have to look beyond the average Vitz, Aqua, Allion/Axio. Even the Vitz/Aqua for your budget; you should be able to find sporty variants...
Thank you for the detailed reply
Fuel economy itself is not a big issue but i'd like to know in advance so i know exactly what i'm getting in order to plan my budgets. As i said earlier i have to go between Kandy and Colombo every week and one road trip per month. So overall cost of the transport on the top of a 2-3 million vehicle loan would be a factor to be considered. But as per my research the hybird cars which are available within my budget (vezel and swift etc) fail miserably on more important aspects. (vezel- battery issue, comfort, low resale value, swift hybrid- safety 4 stars and ground clearance, Toyota Aqua- comfort and ground clearance, Toyota Axio- the car being a sedan feels too big for me) Suzuki Vitara- some negative comments, resale value and and little above the budget, same with Hundai). Therefore I wouldnt just go for a hybird which is not safe or which is not comfortable just to save a few bucks on fuel.
I even considered CH-R even on here there were several negative reviews and i see a large number of CH-Rs are being resold by the first owners. So I thought this might have an impact on the second hand value in case i want to sell it in future.
Regarding the resale value as the vehicle is still new i totally understand that your guess is as good as mine, so I think its best to wait another few months and see?
One of the reasons i wanted to do this fast is the low interest rate these days, its 12% and the bank agreed to give me at 11.5% (it was around 15-16 before) This might save 5k-6k from the monthly loan installment whe compared with the earlier interest rates.
So this is AWD as opposed to 4WD.
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3 hours ago, tiv said:
Wait for the car to arrive, do a test drive before you chuck in hard earned millions,
theres no proper review even on YouTube,im sure the importers have you on the hook promising sun and stars, even if it’s a small car, slow car or a wannabe off roader, you got to at least see it in person to know if you like it.
besides I’m sure even the people who designed the car and mass produced it cannot answer your questionnaire as it has not been On the road on an emerging market such as ours.
hence why a lump of land called a dealership was invented for car salesman.in a country where we pay an outrageous sum for a car, purchasing one by just looking at some pics off the internet doesn’t sound wise by any means.
Yes thanks I will wait a bit
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3 hours ago, tiv said:
Don’t expect it to have wondrous fuel economy as it’s an suv with a 1000cc lump, logic says it will be worse than the vitz which realistically does like 11kmpl,
Thats what i feel too
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Hi Guys,
Hope you are all going great and you guys rock! First of all, apologies for starting a new thread on Toyota Raize while there is another active thread on the same topic, the reason is I have more specific questions to know your expert views. My requirements are;
(1) Good value for the price I pay
(2) Fuel economy- as I will travel between Kandy to Colombo once every week. (within city i live very close to my office, so generally I won't have to drive much in the traffic)
(3) Poor road conditions in my area- I need a vehicle with a good ground clearance
(4) Second hand value
(5) Comfort- I specially didn't like being a passenger in vehicles like Aqua earlier models and vezel, in long distance trips.
(6) Leisure activities- we try to do road trips at least once in a month, so a vehicle that will perform on different types of roads in Sri Lanka would be great.
(7) I like a vehicle which has a sporty look, rather than a family vehicle/sedan (because Im still single & young
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(8) A new/recondition vehicle as opposed to a used one, because I dont know much about how to do the repairs and dont have time to attend to those.
(9) After all, unfortunately, the budget is between 4 million and 6 million.
I in fact considered Vezel, and CH-R but there were negative reviews. about those. (eg- Vezel Battery issue, vehicle value, and CH-R fuel economy, etc) I had almost decided to go for a Vitz when the news broke to me about Raize.
Although it could be too early to say this, on my basic research it appears that Raize meets most of my requirements above.
I obtained quotes from a few importers already. There are two 2WD models and 2 4WD models. 2WD model seems better in terms of fuel economy. 4WD models are more expensive than 2WD models.
Given my requirements above, do you guys think 4WD would be a better option for me? Should I compromise on fuel economy and the price to get a 4WD?
According to the company, the fuel economy is 18km/L for 2WD and 17km/L for 4WD. What would be the average fuel economy on Sri Lankan roads? I guess it will be around 8-10km/L?
The engine capacity is 1000CC with tubro. Will this be an issue for 4WD?
Will the small engine of 1000CC have a bad impact on fuel economy?
Sorry guys the questions may be stupid but Im totally lost as even on the internet there is nothing much about this car. But I want to get this down by next Jan/Feb
Thanks as always
Tharindu
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34 minutes ago, Klord said:
So I extended my budget a bit and bought a Civic hatch last week. Too early to comment about it but looks like ground clearance will be an issue according to forum members which is one of your prime requirements. ?
Thanks for the tip bro yes Civic Hatch also seems to be a good option... Mind sharing the price and how the economy is as you feel?
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Congratulations bro!