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I'm not sure how much it varies country to country - I'm in Eastern Europe myself (lower labor costs, higher import / taxes etc) but my trusty toyota corolla wa
by seer 8y ago
I'm not sure how much it varies country to country - I'm in Eastern Europe myself (lower labor costs, higher import / taxes etc) but my trusty toyota corolla was bought for about $3000 with no "friend discounts", just a general recommendation that Japanese cars are reliable and a bit of quick looking around the local car craigslist equivalents. I've been driving it for about 7 years (12 years old in total) with no major repairs whatsoever, only routine maintenance and a couple of bodywork fixes that we can contribute to "user error".
And its not that I'm an outlier or anything, most of my friends have stories in the same ballpark. To be honest I even paid a bit too much due to my inexperience, if you're smart and know the right people you could get a better car at close to half the price.
- jjoonathan 8y ago> Eastern Europe Geographic variation in pricing not only fully explains the difference but actually leaves me mildly surprised that the difference is so small.
- PeterisP 8y agoArbitrage exists - the difference can't be that big because if it becomes so, then lots of people just drive used cars across half a continent to resell them. International movement of used cars is a big business, generally from more wealthy countries (where more people buy new cars) to less wealthy ones, but also to cover gaps in the market if there's a disbalance in some sector e.g. a surplus of used vans because of some large company selling them off, or a lack of a particular model that's randomly gotten in fashion somewhere.