Re:Why Don't People Manage Debt Better?
by craigds on Friday February 19, 2016 @04:15PM
(#11136673)
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
[ Parent
| on HN ]
Well, someone has to be buying the new cars, or else there wouldn't be any used cars.
A 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/attachm...
In 2014, 54% of all car first registrations were made by companies.
Which is lower than I would have guessed, but still significant.
I think NZ imports a lot of cars from overseas. The used-car market is great!
Re:Why Don't People Manage Debt Better?
by repsilat on Friday February 19, 2016 @05:41PM
(#11137278)
I 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.