Why Don't People Manage Debt Better?

Re:Why Don't People Manage Debt Better? by heywire on Friday February 19, 2016 @04:59PM (#11136960)

Well, someone has to be buying the new cars, or else there wouldn't be any used cars.

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Re:Why Don't People Manage Debt Better? by dazc on Friday February 19, 2016 @05:28PM (#11137193)

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.

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Re:Why Don't People Manage Debt Better? by kaybe on Friday February 19, 2016 @05:38PM (#11137266)

I think NZ imports a lot of cars from overseas. The used-car market is great!

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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.

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