3 ms·
It's amazing how car prices vary around the world with taxation. Especially taking into account the purchasing power parity. The cheapest cars in US are sold as
by _thisdot 3y ago
It's amazing how car prices vary around the world with taxation. Especially taking into account the purchasing power parity. The cheapest cars in US are sold as entry-level luxury cars in a place like India. The entry level cars in India are deemed to cheap to be even considered selling in the US.
For instance, a Hyundai Venue costs $20k in the US. Taking into account the PPP, an Indian has to spend nearly $80k to own the same car.
Same logic applies for phones. Your $1000 iPhone cost me nearly $4000 (again, not currency conversion but PPP).
Not everything is too bad though. App prices, books, etc are usually adjusted for PPP. Spotify Premium costs us $2/month. Books that cost $400 in the US usually cost us $5-$20.
- WheatMillington 3y agoYes as a New Zealander it's depressing following US-based car discussions. Cars are sooo cheap in the USA. Not to mention fuel, being roughly half what we pay.