New RORO laws!

[Allergic2BunnyEars]

Foreign used dealer says foreign used purchasers are straight ballers and don't take bank loans.

News @ 11.

[Dizzy28]

Increased prices would affect all citizens.....4yr old cars are really expensive from Japan.....this foreign used market would barely survive
...

Until Kams and them change the policy within thier political term it was always a 4 yrs old limit. The roro market thrived then why should it suffer now?

[zoom rader]

New car dealers = PNM financiers

ROLO = Entrepreneurs is something frown upon by this government and discourage

[Chimera]

from looking at sbt japan and other sites

4 year old cars are only 1000-2000 us more expensive than 6 year old....for the cars like tiida,note sometimes its only 500 us more!

[acesinghit]

Wait, the current wetman Tiida is only up to 2011.

So new model wetman from now on?

actually the original wetman have some YOM 2012's but still it won't be long until they're replaced fully with the Latio

[Spitfir3]

from looking at sbt japan and other sites

4 year old cars are only 1000-2000 us more expensive than 6 year old....for the cars like tiida,note sometimes its only 500 us more!

tell that to the dealers im sure most of them would just use the 4yrs as an excuse to buss price regardless of price
doesn't matter if they pay an extra 500us or 2000us for certain units you would have to pay the full going price for units in that batch

[Country_Bookie]

This move has the potential to worsen our forex situation.
RORO prices will increase, since they forced to import 4 yrs and newer vehicles. For the lower middle class, they don’t have much of an alternative so they’ll continue to buy, provided we don’t start seeing large job cuts /layoffs. The upper middle class will move to buying new cars since the price gap is lower. In both cases, they’ll be paying higher prices, either for the newer RORO or the new car.
Higher prices = higher import bills = Greater demand for forex.

How this worsening our forex situation? How policy in TT affecting the USD price in Japan?

A 4 yr old car costs more than a 6 yr old car.
So whereas someone might have need USD$10k to purchase their 6 yr old vehicle, they now need USD$13k. Hence greater demand for USD.

[Habit7]

If you only have US$10k why dont you buy local? That is one of the major reason for reverting to 4 year old RORO, to stimulate our used car market rather than Japan's. If you are truly lower middle income, finding the extra US$3k not going to be easy anyway.

[src1983]

I dont know how ppl could say this policy helps the new car dealers.

If someone was in the market for a 4-6 year old car before, they werent going by the new car dealers anyway.

Rather than looking to the foriegn used market and using up more foreign exchange, now the will have to choose from the local used market and use local currency.

This comment some what does not make sense, and here's why.

We in Trinidad do not manufacturer cars your comment states that the those looking for used cars will be forced to the local market, but does this mean those folks selling their cars buying local used also.

From my understanding used car sales are way below new car sales.

[Monk BANzai]

Betcha if our number plate system didn't encourage the new plates syndrome plenty people would gladly buy a local used car.

possibly the most mind blown comment made in this thread.

[kjaglal76v2]

foreign used accounts for 20% of total imports right? and the excuse for regulating it further is forex? hmmmm

whereas brand new cars have no quota system, no import lic required & pray tell how exactly these cars are paid for by the dealerships. TTD?

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[Trini Hookah]

Not affected, was planning to buy a tiida or a k12 march before june.
but ill manage

Sorry to hear.

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[Habit7]

We in Trinidad do not manufacturer cars your comment states that the those looking for used cars will be forced to the local market, but does this mean those folks selling their cars buying local used also.

I dont know whether ppl selling their cars would either buy a used car with the depreciated value or use it as a downpayment for a new car loan. The point is the local used car market (which eventually new car and RORO will eventually find themselves) now has less competition with foreign markets. The one time forex capital of bringing a new car here, ideally would not repeat further forex by satisfying the need of another buyer who would have otherwise used forex capital to buy a used car like what we already have here.

[zoom rader]

Habit7 getting beating to a plup in this chead , even eliteauto throwing in a few punches.

It's not looking good representing PNM bag of nonsense

[src1983]

We in Trinidad do not manufacturer cars your comment states that the those looking for used cars will be forced to the local market, but does this mean those folks selling their cars buying local used also.

I dont know whether ppl selling their cars would either buy a used car with the depreciated value or use it as a downpayment for a new car loan. The point is the local used car market (which eventually new car and RORO will eventually find themselves) now has less competition with foreign markets. The one time forex capital of bringing a new car here, ideally would not repeat further forex by satisfying the need of another buyer who would have otherwise used forex capital to buy a used car like what we already have here.

Why can't the government make it easier to sell your car on the export market then? Thus opening up your selling options

Why just hit onside, just a band aid solution to the bigger problem due to both administrations full dependance on oil and gas.

Only way to truly control forex is to float the USD. No fancy restrictions will help that. Look how may "returning residents" coming back to Trinidad, their cars here but the individuals still ain't touch shores yet

[Habit7]

Why can't the government make it easier to sell you car on the export market then? Thus opening up your selling options

LOL

[A172]

returning res is fyaz eh
doh touch dat

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[zoom rader]

returning res is fyaz eh
doh touch dat

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Doh worry dat go change juss now, dem getting tax too

[daxt0r]

Wait, the current wetman Tiida is only up to 2011.

So new model wetman from now on?

actually the original wetman have some YOM 2012's but still it won't be long until they're replaced fully with the Latio

Ah done tell allyuh d new Latio is for little girls and university people, is a little 3 cylinder 1.2L engine.

How we get d epic chases and crashes with da engine.
Men go cya even bend up an play dey mashing gas an watching yuh no more jus go in d slow lane with dey little school gyal in d front.

And on top ah da is premium this thing go drink to get any type of power, so wetmen lookin to eat ah food go coast cuz is done ah scene to pull d rental money

Unless they read this thread an buy local, cuz the Versa come down with the 1.5, or just hold up ah petrotrin man lol

[killercow]

The following 2012 YOM vehicles if chosen to be self imported will cost you:

March 1.2 - $50k
Cube 1.5 - $55k
Note 1.5 - $58k
Demio 1.3 - $62k
Swift 1.2 - $64k
Fit 1.3 - $67k
Note 1.5 (new model) - $67k
Tiida Latio 1.5 - $69k
Belta 1.0 - $74k
Tiida 1.5 - $75k
Impreza 1.6 (new model) - $79k
Latio 1.2 - $80k
Fielder 1.5 - $80k
Fielder 1.5 (new model) - $81k
Axio 1.5 - $86k
Axio 1.3 (new model) - $87k
Axela 1.5 - $87k
Axio 1.5 (new model) - $91k
Fielder 1.8 (new model) - $95k
Auris 1.5 - $103k
Premacy 2.0 - $105k
Juke 1.5 - $106k
Bluebird Sylphy 2.0 - $116k
Impreza 2.0 (new model) - $125k
Sylphy 1.8 - $133k
Auris 1.8 - $133k
Stream 1.8 - $151k
X-Trail 2.0 - $153k
Teana 2.5 - $172k
Accord 2.4 - $177k
X-Trail 2.5 - $179k
CR-V 2.0 2wd - $207k
CR-V 2.4 4wd - $233k
Estima 2.4 - $276k
GT-R 3.8 - $857k

Note: these are approximations and to be used as a guide only.

Mind sharing where and how exactly you came up with these approximations?

[Rovin]

from looking at sbt japan and other sites

4 year old cars are only 1000-2000 us more expensive than 6 year old....for the cars like tiida,note sometimes its only 500 us more!

was looking at this just yesterday , d dealers only want to maximize profits & dont worry about them BSing oh we want we price to stay competitive with other sellers

my biggest concern with 99% of them is d rolling back mileage , they always dialing it back multiple times what it is originally

LO shud get those devices that simply plugs in & check every single car to see who fooling d public & fine them heavily ....

[Morpheus]

I rather pay my money for a RORO with genuine 60,000kms than one for 25,000kms and you eh sure

Never heard those dealers address that eh...

[*KRONIK*]

I rather pay my money for a RORO with genuine 60,000kms than one for 25,000kms and you eh sure

Never heard those dealers address that eh...

X2...

Looking at some RORO panel vans last year...
one dealer literally has every single vehicle listed with 30,000kms
Some of the dash pics showing contradicting mileages too....
Lol

And when i did a seach on other sites most of the vehicles in similar age bracket doing >160,000kms

[Chimera]

It doh have any reader to plug into obd port to check genuine mileage? Roro dealers openly tell you now that the mileage is rolled back tho

[Morpheus]

LoL so what is the point of doing it? Is it similar to new plates syndrome?

[*KRONIK*]

Was wondering the same...if there is an easy way to check the ecu for tampered mileage?

[Coppershot]

One local roro car site used to have their chassis number posted with a wingroad for sale at mileage around 45k. I google the chassis number and found it on a japanese site (listed as sold) mileage on japanese site was 116k. I did this late 2014. Can't remember what site it was.

Also i notice a trend where wagons and panel vans mileage usually very high

[Morpheus]

Now why must we really feel sorry for them? SMH

[*KRONIK*]

Also i notice a trend where wagons and panel vans mileage usually very high

Thats because they were actually used for their intended purposes.

[Coppershot]

^^^^
I know, they are used commercially
But when they arrive in Trinidad mileage very low.
Not feeling sorry for the dealers