- Joined
- May 21, 2014
- Messages
- 432
A topic that hurts me to post but the truth has to come out. I find it highly disgusting that the used car market in Trinidad has no form of regulation or control measure to prevent price gouging on older vehicles. To be honest I've been one of those persons who would have been looking through newspapers and checking some people who deal in buying and selling of used cars. As of late with the inclusion of electronic medium many sites pop up with used cars for sale.
My issue is that we have been made to believe that buying newer cars is out of our league e.g. given prices of new model cars are usually 200k and up the average man can't afford it. Actually we are quite wrong. If we wait on the model to become "obsolete" for lack of a better term then we in fact pay a depreciated price for the same vehicle. But it seems to be the other way around here. I always wonder why the Nissan b14 still sells for 35-50k and it is in fact close to 20 years old but a 5-6 year old car bought through a dealership is the same price. Ridiculous. Who here agrees? What do u think we can do as a community here to try to stem the price gouging on used cars of certain age? What legislation can we clamor for?
My issue is that we have been made to believe that buying newer cars is out of our league e.g. given prices of new model cars are usually 200k and up the average man can't afford it. Actually we are quite wrong. If we wait on the model to become "obsolete" for lack of a better term then we in fact pay a depreciated price for the same vehicle. But it seems to be the other way around here. I always wonder why the Nissan b14 still sells for 35-50k and it is in fact close to 20 years old but a 5-6 year old car bought through a dealership is the same price. Ridiculous. Who here agrees? What do u think we can do as a community here to try to stem the price gouging on used cars of certain age? What legislation can we clamor for?