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I think it's an American thing. In NZ it's pretty rare to buy a new car, far more common to get a 10-15 year old one for $5-10K. Paying cash is normal
by craigds 11y ago
I think it's an American thing. In NZ it's pretty rare to buy a new car, far more common to get a 10-15 year old one for $5-10K. Paying cash is normal
- heywire 11y agoWell, someone has to be buying the new cars, or else there wouldn't be any used cars.
- dazc 11y agoA lot of new cars are sold to fleets and these eventually come on to the used market. (UK figures) https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/421337/vls-2014.pdf https://www.gov.uk/government/uploads/system/uploads/attachm... In 2014, 54% of all car first registrations were made by companies. Which is lower than I would have guessed, but still significant.
- kaybe 11y agoI think NZ imports a lot of cars from overseas. The used-car market is great!
- deleted 11y ago[deleted]
- repsilat 11y agoI don't know if it's still the case, but New Zealand used to import a lot of Japanese second hand cars. Cheap, reliable, fuel-efficient and left hand drive. Less common in Australia because they have (had?) a domestic market to protect -- import tariffs made it less attractive.