Postby acesinghit » March 14th, 2011, 7:51 am
ok so we feddup of the prices yet PCS past what 5000 already? Who cares about your perception of Kia and Honda or whatever brand it is, here is a solution:
BAN:
Importation of roro/foreign used vehicles including knock down's for parts and used parts AND cheap Taiwanese parts etc..
RESULT?:
Good bye, Bamboo and associated parts places in El Socorro/San Juan etc etc
OPEN UP THE EXISTING MARKET:
Gov't should offer incentives to individuals/companies wishing to start a new franchise and meet with Car Manufacturers to encourage them to invest in T&T.
REMOVE:
We are already paying MVT and VAT and take note we also pay VAT on the subtotal (including showroom price of the vehicle) so it means double income for the Gov't (unfair).
END RESULT?
Make it easier for people to upgrade their cars and own PROPER cars so that we won't have the amount of junk that keeping back traffic on our roads and whose emissions new born babies have to tolerate whilst on the roads in cars that have no a/c etc....
We actually speeding up the pace, have a higher index of safer cars on the road, less emissions and better fuel consumption than those old carburettor junk we seeing!
TRAFFIC?
Well, we build a massive recycling plant and or (optional for you environmentalists who weren't born yet when they created Point Lisas, Fortin, a-Pierre etc...) to trash the older cars in there and other steel items.
RESULT?:
We have a greener country, we increase employment and we diversify our income since we can now assist CARICOM as being the only and largest recycling hub of the Caribbean not too mention the benefits derived of having an alluminium smelter which would create sub industries in the manufacturing sector.
END RESULT:
The Gov't could then offer tax or insurance incentives for those driving old cars to give that up or trade them in for a new vehicle (similar to the USA's cash for clunkers program)..
Having the market for new car dealerships only means there is no need for roro vehicles as the prices for these roro's are getting closer to the equivalent in the showroom. Why would someone put down 45% downpayment on a roro Tiida and pay back the loan in 4yrs maximum when he/she could have downpaid somewhere around 10-15% for a brand new car and pay back the loan in 5-6 years maximum. The extra 2 years in loan payment vs the roro car still means that the car would be newer and maintain better resale value than the roro equivalent.
NUTSHELL:
The reason why our cars are so expensive is due to VAT plus corruption/kaka tax called MVT (so banana republic).
To recap our dismay:
2011 Honda Civic 1.8 = $235,000.00 TTD (approx) (Classic Motors in T&T)
2011 Honda Civic 1.8 = $16,000.00 USD (approx) (Honda Motor USA MSRP)
when converted to TTD it is $102,400.00
WTflyingF?