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In Asia and Africa, Japanese used cars
are the top choice. First of all, Japanese used cars are cheap and
highly efficient. The maintenance is easy and spare parts are available
for all models. Many Asian and African countries are emerging economies.
As they are enjoying steady GDP growth, a large number of population in
those countries are in need of all sorts of vehicles – for commercial
or transportation purposes. For a growing middle-class people, quality
Japanese used cars are the best option.
But the question remains: what makes quality Japanese used cars cheaper
than their rivals? You will be frowning to know that in some cases
Japanese cars are a better fit than their more expensive rivals. They
make the best cars without compromising with quality, but at the same
time keeping the price affordable for people around the globe. In many
countries like Botswana (Africa) and Bangladesh (South Asia) cars made
by Japanese manufacturers are plying the roads with a market share of
80% or more. Let’s have a look at what makes quality Japanese used cars
so cheap.
We are all more or less familiar with cutting-edge Japanese technology.
This is what keeps the tiny island nation in the forefront of many
fields of engineering. Be it a plane or a car, they establish their
supremacy through hard work, motivation, and innovation. For years, we
have seen the Japanese auto giants like Toyota, Honda, Nissan, and
Mitsubishi competing with their European and North American rivals. In
many regions of the world people rely on quality Japanese used cars for
their long-lasting service, comfortable driving experience, and, above
all, affordability.
In all Asian countries combined, the pricing of new cars in Japan is the lowest. The underlying reason is the large economy of scale (Japan is the third largest economy in the world) which allows the manufacturers to sell their car at a much lower price in the local market. Moreover, the Japanese are used to buy newer models whenever they arrive in the market. So, they frequently change their cars and sell the old ones for cheap. Besides, Japan boasts one of the finest public transportation systems in the world with high-speed metro rail that links major economic hubs. So, many Japanese people prefer that to owning any personal means of transportation, to save time.
All these factors together forge a system where cars are sold at very low prices and eventually piles up the number of almost new or slightly used vehicles.
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DEALERS who play by the rules are now being left behind, as a flood of
new operators are employing deviant strategies to sell imported
second-hand vehicles, reducing the industry to a free-for-all.
“We are not happy and our members at large are not happy with what is
going on,” Lynvalle Hamilton, the president of Jamaica Used Car Dealers
Association (JUCDA), told The Gleaner.
“People are just shacking up, selling cars on sidewalk, selling cars
from home, and not adhering to the motor vehicle import policy, and I do
believe that something needs to be done. It’s long overdue.”
Hamilton said that his lobby has been “very vocal on this matter” and
outlined their dissatisfaction to State Minister Floyd Green.
Green, who works out of the Ministry of Industry, Commerce,
Agriculture and Fisheries, gave the keynote address at the AGM held
earlier this year. He acknowledged that rogue dealers were threatening
the viability of the sector and appealed for all stakeholders to be
certified.
“We believe that for the industry to do well and grow, it has to be
an industry that is based on certified dealers, and as a Government, we
are impressing upon anyone who wants to get involved to be certified,”
said Green.
“Clearly, there is a significant challenge in relation to rogue
dealers, people who just set up shop and operate anywhere they feel
like,” the state minister continued. “It is a threat to our resources,
it is a threat to our income, and it is something we all want to see
brought under control.”
Among the recommendations made by JUCDA is for proper background
checks to be done on people seeking to enter the industry; for a
source-of-funds authentication letter from the Financial Investigations
Division to become mandatory for new entrants; and that the regulations
prohibit unregistered newly imported vehicles from being advertised and
offered for sale at places other than a certified used-car dealer’s lot.
The group has also questioned how dealers are being certified without
meeting the stipulated requirements of the Motor Vehicle Import Policy,
which mandates that operators be registered under the Companies Act;
have a permanent address and location of operations approved and
inspected by the responsible ministry; be registered with the National
Insurance Scheme, National Housing Trust (NHT) and the Tax Audit and
Assessment Department; have a valid Taxpayer Registration Number (TRN);
stock spare parts of 10 per cent of inventory and offer related
services; offer an expressed warranty on each unit sold, and comply with
obligations under the Fair Competition Act (FCA); provide adequate
repair and servicing facilities; and undergo an annual inspection and
payment of a fee as determined by the responsible ministry.
Checks by The Gleaner revealed a number of car dealers
operating without a repair and servicing facility. Several dealers have
also acknowledged that inspection of facilities is not done regularly.
“The biggest problem is the little man that is parking up five to 10
cars on the road, they are the bigger problem,” said a veteran motor
vehicle sales agent, who requested that his name be withheld.
“A car cost me $2.1 million and I put on $200,000 to make a money,
but I have to pay taxes, workers, and other expenses out of it, while
the little briefcase dealer get away scot-free … because he can sell the
same car for $1.9m and has no expense at all.”
Another dealer, who says he has been in the business since 2008, told The Gleaner that he does not import cars, but makes purchases for bigger players in the Corporate Area.
“I do not import for myself, I buy from the big man in Kingston,” he
said. “It is less headache to pay an importer to take down a few cars on
his licence; it cost you an extra $50,000 depending on the year.”
According to the website of the import licensing authority, the Trade
Board Limited, sedans with seating capacity exceeding five persons and
station wagons and SUVs carrying fewer than eight should not be older
than 2013, but older versions were on sale at several lots visited.
“No, they are not only for taxi operators; anyone can drive them,” a
dealer said, anticipating a sale. “The big guys are able to import 2010
cars for you, but mainly Voxy, Mark X and Axio.”
“First-time car dealership business was so good, you were able to pay
your bills comfortably, but now, sometimes the most I will make on what
I paid for it is $100,000,” he lamented.
2020 Honda Civic vs 2020 Toyota Corolla Review by The Straight Pipes. Which one of these would you pick, the Honda Civic Touring or the Toyota Corolla XSE? Would you take them over the Hyundai Elantra, KIA Forte, VW Golf, Nissan Sentra, Mazda 3?
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Jamaica is considered a preferred tourist destination because of,
among other enviable attribute, its exciting array of fun sites and
attractions. Both tourists and locals enjoy experiencing the adventures
of Jamaica.
For example ...
You can go partying with friends at Margaritaville, the Jungle or Pier One.
You can go rafting at the Rio Grande in Portland.
And if you are feeling more adventurous, you can go hiking up the Blue Mountains.
Or, be a child again and consider Kool Runnings Waterpark in Negril, Westmoreland.
Simply put, there are a host of places to go and so much exciting things to do here.
But with an endless list of places to visit and enjoy, you need a reliable transportation to take you around.
For
most Jamaicans, public transportation is relied upon on a daily basis
to move about from one place to another. But anyone who is familiar with
the public transportation here knows that it can be stressful and
exhausting.
However,
many of us dream of owning our own car, allowing us to go wherever and
whenever we want. Although purchasing a car can also be an exhaustive
process, it can be attained easily with some planning.
So how does one go about buying a car in Jamaica?
Key Considerations
Are you single or do you need it for family?
What size vehicle are you interested in?
Will you be driving on rough roads?
What is your budget, and what is the price range that you are considering?
Do you want a new car? Or are you willing to settle with a used or pre-owned vehicle?
Do you prefer a specific brand of vehicle?
Will replacement parts be easy to source?
Is it fuel efficient?
Which banks or financial institutions offer financing of vehicles?
What are the interest rates like?
Next, Research Your Ideal Car!
When
researching you can browse the web and read automobile magazines to get
reviews about cars and their specifications. If you have a car savvy
friend, tag him (or her) along and ask questions about that brand/type.
Having a third party opinion helps you greatly when choosing a vehicle.
By the way, here in Jamaica we love cars just as much as we
love food and music. So you’ll be able to find a wide variety of vehicle
brands.These include:
So, off you go to your local car dealer! But
it’s great to shop around and visit several car dealers to get the best
price deals. You can also search online to find car dealers outside of
your parish. Never commit to anyone to early though. Prefer to search
online, here is a good recommendation from us.
You may ask to test drive a car you like. You’ll have a feel of how it operates on the road.
Buying a used car? take a qualified mechanic with you so that they can do some inspection.
Try negotiating on a lower price with the seller, you might get lucky.
Financing
So after you’ve searched high and low, and everywhere in between, you have found your car! It’s everything you dreamed of!
But, before you get all excited, grab that pro-forma invoice, you'll need to consider financing. If
you have ready cash, be sure to do it through a reputable financial
institution. Note however that Jamaica has laws (limits) on cash
transactions over 1M JMD.
The next (and usually the most obvious)
option though is an car loan. The financial institutions will usually
require documentations such as:
Tax Payer Registration Number
Valid Identification
Proof of address
References
A pro-forma invoice
Valuation report on interested vehicle
And, if employed, a job letter, payslips etc.
You
should note that not all financial institution offers 100% financing
(and the year of the car has a lot to do with it too), thus you’ll be
expected to have to have funds for a deposit.
Choose wisely.
Ensure that you fully understand critical information such as the
interest rate, how much of the cost the institution will be financing,
how you’ll be paying back (weekly or monthly) and how long you’ll be
paying back.
Other Notes/ Expenses: But, before you
start planning that road trip, remember the formalities. You will need
to register your car, license it and insure it. All that is required by
Jamaican law!
By insuring your vehicle, you will be able to
protects your assets, fulfill your legal obligations and you’ll be able
to recover quickly from losses.
Licence and registration is
basically paying for your licence plates for the car, certificate of
fitness, registration disc and transfer of title. Like insurance, it is
an annual expense and price various depending on the size of the
vehicle.
Well, those are the basic considerations when buying a vehicle here in Jamaica.
One
final reminder: Your car will cost you much more than the total costs
to get it up and running (legal) on the road. Like a child, you are now
expected spend for upkeep. Why it's better to buy a new car
New car loans have better interest rates. This means you'll likely pay thousands of dollars less than the frightening sticker price once you negotiate a final price and apply the incentives. Advanced technology: New features for comfort, performance and safety are introduced in new cars every year.
The 2020 Toyota Corolla is all new and it packs in some really great features never seen on an economy sedan. How does it drive and do the features really add up to a compelling drive? Ryan drives the new Corolla to give his verdict on this popular commuter car.
What is the Corolla?
In the 50-plus years the Toyota Corolla has been in production, it's become the best-selling vehicle of all time. It has a well-deserved reputation for reliability and affordability, though in generations past, it perhaps relied too heavily on this reputation. The latest Corolla, introduced last year, signaled that Toyota would stop resting on its laurels.
The 2020 Corolla earns its praise, with sleek new styling, a generous list of standard advanced safety features, an interior that exceeds expectations, and strong fuel economy.
Coming off that successful 12th-generation launch, we don't expect many changes for the 2021 Toyota Corolla. If anything, we'd like to see Android Auto offered alongside the existing Apple CarPlay smartphone integration, which would dismiss one of our feature complaints. It's unlikely our lesser criticisms — it's a little slow and lifeless to drive, and there's a slight lack of rear-seat headroom — will be addressed, though.
Perhaps we'll see some cosmetic additions in the way of paint and wheel choices.
The Toyota Corolla is a front-wheel drive five-passenger compact sedan, reliable and economical, yet refined and comfortable. The Corolla is available in L, LE, Nightshade, SE, XLE and XSE trim levels. The powertrain for all trims except the SE and XSE is a 139 horsepower, 1.8-liter dual VVT-I engine. This is matched with a continuously variable transmission (CVTi-S). The SE and XSE get a 168 horsepower, 2.0-liter dual VVT-I engine with a continuously variable transmission (CVTi-S) or an available six-speed manual on the SE trim. Safety features include front, side-impact, side-curtain, and drivers knee airbags, Pre-Collision System with pedestrian detection, Road Sign Assist, Lane Departure Alert and Entune Safety Connect.
All Corollas include adaptive cruise control, LED headlamps with auto high-beam, cruise control with traffic stop-go, Bluetooth, Entune 3.0, a USB port, backup camera and power windows. Available features, depending on trim, include heated side mirrors, heated front power leather seats, 16-inch or 18-inch wheels, Smart Key, tilt-and-slide power moonroof, SiriusXM satellite radio, navigation and automatic climate control. The Toyota Corolla is a carryover for 2021.
In
2018, Toyota ushered in an all-new Camry with a longer, lower, and
wider body that boasted a sportier look than ever before. In 2020,
Toyota leaned into this sportier appearance with the new TRD model that
added side-sill extensions, a rear spoiler, and sportier wheels. We
expect this look to remain the same when the 2021 Camry hits showrooms.
Inside,
the new-look Camry gained a more upscale look with a distinct Y-shaped
center stack, a gloss-black infotainment bezel, tasteful metallic trim,
and more. In the TRD model, the Camry gains “TRD” embroidered headrests,
red accents, and other sporty touches. We expect the interior design to
remain identical in the 2021 Camry.
Under
the 2021 Camry’s hood, we expect no changes. This means it’ll continue
with its standard 2.5-liter four-cylinder engine that pushes 203
horsepower through an eight-speed automatic transmission. The 2021 Camry
will also offer an optional 301-hp 3.5-liter V6 engine that also pairs
with an eight-speed automatic transmission. Both engines will send power
to the front wheel as standard, but the 2.5-liter engine will boast
optional all-wheel drive.
In the safety department, the current
Camry boasts all the latest in advanced tech, including standard
adaptive cruise control, automatic emergency braking with pedestrian
detection, and active lane control. Buyers can also opt for blind-spot
monitors, a surround-view camera system, and rear cross-traffic
monitoring. This and great crash-test ratings result in the current
Camry getting an IIHS Top Safety Pick+ rating, and we expect this to
remain the same in the 2021 Camry.
Pricing & Release Date
Toyota
has not announced an official release date for the 2021 Camry, but
based on previous release dates, we expect a late-summer 2020 arrival.
Pricing
is not available either, but we expect the 2021 Camry’s MSRP range to
remain similar to the current model, which ranges from $25,380 to
$36,085.
This midsize sedan will compete with the Honda Accord, Subaru Legacy, and Nissan Altima.
The Honda Civic has a better overall build quality than the Toyota Corolla, giving it the win in this category. The Civic is noted for good fit and finish, high-quality materials on key touch points, and hardy components
