Why the Majority of Trinbagonians Shouldn't Buy A New Car

[cinco]

Lol doh buy no car

[wagonrunner]

Why are people expecting so much for a car when they're done with it?
You buy a car and use it for 7 years. If you're ready to move on you should be concerned with picking up a downpayment for another. anymore is a bonus, because you had use of this vehicle for 7 years!
Someone can't talk money and treat the car like just an asset, but overlook the fact that if they rented one, they would have paid much more and have much less freedoms. They paid for the use of a vehicle and got much more.

Same applies to intellect? had use of it for a certain number of ideas, so....................

The value of a car is the cost of the replacement. My maintenance which allowed me longevity does not make replacing it any cheaper. It's because I recognised that value and worked at keeping the car to that standard.
If you know what you have and maintained you're certain of the cost to get something close to it. And I'm not talking exorbitant. Those same figures (rental, convenience, etc). Make that cheaper and of course the price of used cars will go down. But the only direction prices in this country go is up. Even "used" has to join the pattern as a result.

[Sky]

^^ Right. Same angle, just more detailed. I just think looking at it like an asset that just sits and does nothing can't be right..

[DJ Q]

"Poor people but things they don't need to impress people they don't like"

"Stupidest thing you can do when you're working for someone else is buy a new car. Get a well maintained older one and move up. "

Read those two quotes in a book some time ago. Can't remember the author.

[wagonrunner]

^^ Right. Same angle, just more detailed. I just think looking at it like an asset that just sits and does nothing can't be right..

I agree with you on that.

It's a tool.
You use it, you maintain it, you know the convenience of having it, and you know the cost to replace it.

From sledgehammer to SCUBA to backhoe and beyond.................. what happens the day you don't have it when that is what you depend on?

[Chimera]

A new car has never been driven, has no wear and tear and has never been abused. Why start off with a car that is already years old and things start failing in it?
.

LOL

you obviously have never seen the local car companies driving the new cars from the port to their showrooms/parking lots

[metalgear2095]

A new car has never been driven, has no wear and tear and has never been abused. Why start off with a car that is already years old and things start failing in it?
.

LOL

you obviously have never seen the local car companies driving the new cars from the port to their showrooms/parking lots

Obviously comparable to years of use.

[Chimera]

the man say NEVER been driven, have NO wear and tear and NEVER been abused

those "new" cars are fairly abused before sale to customers locally
especially before the "engine break in" period.And then the local sellers will tell the customer to follow the instructions not to drive over 80-120 km/h for the first few thousand(or was it few hundred) kms

[metalgear2095]

the man say NEVER been driven, have NO wear and tear and NEVER been abused

those "new" cars are fairly abused before sale to customers locally
especially before the "engine break in" period.And then the local sellers will tell the customer to follow the instructions not to drive over 80-120 km/h for the first few thousand(or was it few hundred) kms

And you believed that is what he really meant?

[Aaron 2NR]

the man say NEVER been driven, have NO wear and tear and NEVER been abused

those "new" cars are fairly abused before sale to customers locally
especially before the "engine break in" period.And then the local sellers will tell the customer to follow the instructions not to drive over 80-120 km/h for the first few thousand(or was it few hundred) kms

that's long time thing....new studies show driving in that manner isn't the proper way to break in an engine....

[cinco]

the man say NEVER been driven, have NO wear and tear and NEVER been abused

those "new" cars are fairly abused before sale to customers locally
especially before the "engine break in" period.And then the local sellers will tell the customer to follow the instructions not to drive over 80-120 km/h for the first few thousand(or was it few hundred) kms

that's long time thing....new studies show driving in that manner isn't the proper way to break in an engine....

once more
read the user manual it actually details the break in procedure as needed

[Aaron 2NR]

In general, people no longer break in the engines of their own vehicles after purchasing a car or motorcycle, because the process is done in production.

http://en.wikipedia.org/wiki/Break-in_( ... cal_run-in)

[cinco]

In general, people no longer break in the engines of their own vehicles after purchasing a car or motorcycle, because the process is done in production.

http://en.wikipedia.org/wiki/Break-in_( ... cal_run-in)

the man say NEVER been driven, have NO wear and tear and NEVER been abused

those "new" cars are fairly abused before sale to customers locally
especially before the "engine break in" period.And then the local sellers will tell the customer to follow the instructions not to drive over 80-120 km/h for the first few thousand(or was it few hundred) kms

that's long time thing....new studies show driving in that manner isn't the proper way to break in an engine....

once more
read the user manual it actually details the break in procedure as needed

[shottah_crew]

I just saved a bunch of money on my car insurance by switching to a used car....

[Trinbagoviews]

I just saved a bunch of money on my car insurance by switching to a used car....

LOL

[Rallyfignis]

Allyuh talking like the new cars getting abused for a 6 months then going to the customer.
Round trip from POS to Morvant is not going to do any damage at all unless the vehicle gets in an accident.
And doe start the "break in" shite - we not living in 1987 anymore.
Even though OP skewed the stats with overinflated interest and depreciation rates, the same applies for used cars as well anyway...

[Preludeman1]

The reason you can't get ahead is because you give all your money to the bank and make poor financial decisions.

You're doing it wrong.
The best businessmen would tell you to lean on the bank - use their money, not yours.

U've been hearing smart people talk, and ur trying to copy them... U have no idea in what context that statement is made, that statement is applied when speakin of investments... In assets, not liabilities. A car,in most cases is a liability, its lessens in value and it requires money to operate. So u will end up paying the bank interest, the operating cost, and u loose ur initial investment in depreciation. There is no good business decision there buddy, esp when there are roro cars that come in doing 20k km, and most dealers don't mind if u get a full inspection prior to purchase.



The op in this thread is one of the few Trinidadians who have a good understanding of instant gratification, he has a great understanding of how to maximize the current and near future value of his money.
So kudos to u pal!

Y'all doe read or what?
The man was talking about getting ahead, so was I.
Forget context, cuz if your way of getting ahead is buying cars (esp used ones) well props to you Sheron...

So getting ahead means buying a new car for ridiculous prices?
Not fr me pal, getting ahead means financial peace of mind, liquidity when its most important. Educating my kids, using my money for more important things. Not trying to disrespect u btw, just having a objective discussion.
And i read the whole thread.
To each their own.