car ownership taxIPVA) will become more expensive in 2023. The expected increase follows a hike cars Used cars and many of their owners are trying to understand why cars are so expensive – and therefore taxes. See the main reasons.
First of all, it is necessary to consider the effects caused by the Covid-19 pandemic. As new car production decreased, the value of used cars increased. Between 2022 and 2021, these vehicles were up to 25% more expensive.
The most expensive IPVA in 2023
This justifies the increase in the IPVA in 2023. The tax is levied every year and takes into account the selling price of vehicles. To arrive at the latest value, the Fundação Instituto de Pesquisas Econômicas (Fipe) table is considered.
Projections are that this used car appreciation scenario should remain at least through the first half of next year. Their price will still be higher than usual.
The effect was such that, for the first time, Brazilians were living a reality in which a used car was an “investment”. For example, those who bought a car in 2019 and sold it between 2020 and 2021 made money with the high valuation.
But that must change in 2023 and caution is required to do good business. Thinking about the economic recovery scenario, those who want to sell their cars should take advantage of the moment when prices are rising. used🇧🇷 Depending on the model, the estimate is over 20%.
Although, even if user ratings can make good money, the high price tag of new ones may not make up for that much. So, if the intention is to sell the car to use the money in investing, for example, that’s a great strategy.
On the other hand, anyone who is considering selling to buy a new car will realize that it is not worth it, because new cars are more expensive. It is also important to take into account the price stabilization movement, with this rise slowing due to the resumption of new car production.
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