Check any second hand car on sulit.com.ph or ebay.ph and check it against a similar car on ebay.co.uk and you will see that they are usually at least half the price in europe then they are selling them in the Philippines. I thought the Philippines was supposed to be cheaper!
There are basic reason. Many asian nations have high import tax. So the price of cars STARTS OUT high.
But also in prosperous nations, people have more money and value NEW items and the value of items quickly diminishes with owership and age.
Here in USA people just don’t want to fix cars any more. They hold it for the duration of the warranty and few more years. Then quickly sell them off. The cost of LABOR for repair is high so they don’t want to pay for that.
Good luck…
I have no clue, maybe because they are really poor and having a car there is a sign of being rich? Lol
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in filipinas there are more taxes on cars.
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live in filipinas and Iam a dealer.
idk! im from philippines a lot, but i don’t know why they’re so expensive.
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There are basic reason. Many asian nations have high import tax. So the price of cars STARTS OUT high.
But also in prosperous nations, people have more money and value NEW items and the value of items quickly diminishes with owership and age.
Here in USA people just don’t want to fix cars any more. They hold it for the duration of the warranty and few more years. Then quickly sell them off. The cost of LABOR for repair is high so they don’t want to pay for that.
Good luck…
References :