PEA-PEJ Series

[ProtonPowder]

8-10 year car loan terms becoming more and more common.

Even with higher car prices, the longer term length making it close to the same monthly payment for buyers. Is less "Is this a smart decision?" but rather "How much can you pay per month."

[nervewrecker]

4th quarter of the year also, real money jumping up. End of financial year extra money to blow out. End of calender year bonus money jumping up and extra money gets blown out again.
People have to spend to impress others and try and maintain a certain lifestyle.

[hover11]

I thought times hard or we changing that tune now

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[pugboy]

depends on which “we” yuh talking about
it have sufferer “we”s
and upscale “we”s who buying new vehicle every 3 years

i seeing plenty new hilux on the road now
and rav4 which ain’t cheap

I thought times hard or we changing that tune now

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[Dizzy28]

depends on which “we” yuh talking about
it have sufferer “we”s
and upscale “we”s who buying new vehicle every 3 years

i seeing plenty new hilux on the road now
and rav4 which ain’t cheap

I thought times hard or we changing that tune now

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Them Ravs have to be senior public servants who getting plenty taxes off
No way a normal person paying 400+k for those basic vehiclew

[hover11]

Trinis have money they just like to make it seem they have no money, it have the legitimate cases that badly off but generally the money is there

depends on which “we” yuh talking about
it have sufferer “we”s
and upscale “we”s who buying new vehicle every 3 years

i seeing plenty new hilux on the road now
and rav4 which ain’t cheap

I thought times hard or we changing that tune now

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[ProtonPowder]

The answer is debt. The answer is loans. It isn't magic. People sell their 7 year old cars for 40-60% of the original purchase price and take a loan for the rest to buy a new car.

[pugboy]

how yuh think them banks making profits
plus many companies buy cars for middle managers with financing

The answer is debt. The answer is loans. It isn't magic. People sell their 7 year old cars for 40-60% of the original purchase price and take a loan for the rest to buy a new car.

[hover11]

Who going to buy all them old Kia and vezels though

The answer is debt. The answer is loans. It isn't magic. People sell their 7 year old cars for 40-60% of the original purchase price and take a loan for the rest to buy a new car.

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[ProtonPowder]

Who going to buy all them old Kia and vezels though

The answer is debt. The answer is loans. It isn't magic. People sell their 7 year old cars for 40-60% of the original purchase price and take a loan for the rest to buy a new car.

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Once the price is right, someone will buy it.

At the end of the day, fewer people buy cars solely for reliability than the regulars on a car forum would like to admit. And those same cars have almost all of the creature comforts ordinary people actually want.

[venum]

shows that right now, its more preferential to buy a new car

wonder how many of those numbers are local dealership vs imported brand new like the vezel

[eliteauto]

It's preferential to the lending institutions because the vehicle is the collateral, and you can get locked into a 7-10 year loan. It's preferential to the consumer because they can enter into a no-money-down, 3 years "free" insurance/service arrangement for a new vehicle. Used car purchases are a hassle; either you have all the cash or a very good relationship with your lender, which might involve borrowing for something else and using the cash to buy the vehicle. That's why certain types of vehicles are flooding the market atm, and pricing has become competitive

[hover11]

Sounds like financial slavery....

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[pugboy]

i thought the primary reason. for these cars was to cut emissions and save d planet

It's preferential to the lending institutions because the vehicle is the collateral, and you can get locked into a 7-10 year loan. It's preferential to the consumer because they can enter into a no-money-down, 3 years "free" insurance/service arrangement for a new vehicle. Used car purchases are a hassle; either you have all the cash or a very good relationship with your lender, which might involve borrowing for something else and using the cash to buy the vehicle. That's why certain types of vehicles are flooding the market atm, and pricing has become competitive

[Dave]

Who going to buy all them old Kia and vezels though

The answer is debt. The answer is loans. It isn't magic. People sell their 7 year old cars for 40-60% of the original purchase price and take a loan for the rest to buy a new car.

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Once the price is right, someone will buy it.

At the end of the day, fewer people buy cars solely for reliability than the regulars on a car forum would like to admit. And those same cars have almost all of the creature comforts ordinary people actually want.

Insurance companies....when they have to pay for when the bandits steal them.
Make your insurance company work for you for a change.

[goalpost]

I guess I am one of those people who like new car then.
I hate car troubles. I am an extremely busy man and my wife and kids traverse East to POS everyday. Can't afford a breakdown.
I've never kept a vehicle longer than 6 years too.

Right now I have a PDR Kia Sorento that my wife and kids use. 7 years going on 8. Never had any major issue, but I recently changed suspension parts and I have a small oil leak. Not gonna wait for it to fail on me when I have to get my kids to an exam or something so I'm going back in to buy a Vezel. The Kia is paid off for.
Personally I have a Suzuki PEH. Do not plan to keep it over the 5 year warranty.
So I'll have 3 cars, put down the Kia to be used only for family trips and eventually fix it up and sell it. But the way things going (in my life, at least) is best to have that extra vehicle.

Just my life.

[venum]

I guess I am one of those people who like new car then.
I hate car troubles. I am an extremely busy man and my wife and kids traverse East to POS everyday. Can't afford a breakdown.
I've never kept a vehicle longer than 6 years too.

Right now I have a PDR Kia Sorento that my wife and kids use. 7 years going on 8. Never had any major issue, but I recently changed suspension parts and I have a small oil leak. Not gonna wait for it to fail on me when I have to get my kids to an exam or something so I'm going back in to buy a Vezel. The Kia is paid off for.
Personally I have a Suzuki PEH. Do not plan to keep it over the 5 year warranty.
So I'll have 3 cars, put down the Kia to be used only for family trips and eventually fix it up and sell it. But the way things going (in my life, at least) is best to have that extra vehicle.

Just my life.

I can relate to this. I have an extra car at all times, cuz I cant afford a breakdown that causes inconvenience. simple things like dead battery and flat tyre are easy fixes, but more serious issues cost time, more than money.

it is an extra cost, but its worth not having to explain to a boss that you cant make your obligatory "call-out" for an emergency, kid(s) missing important event (like exams).

one time i was supposed to speak in a function and had a car breakdown on me on the way there resulting in me missing that function. not cool to me orr the persons who were expecting me. lesson learnt on keeping old car