That's Great Wall G5 - a particularly huge Toyota Hilux clone the Chinese were selling in Russia and Kazakhstan in earlier 2000s (first vehicles the Chinese were exporting en-masse). Guess what was the price?
Posted on 11/14/2019 2:09:46 PM PST by LesbianThespianGymnasticMidget
White’s for sure.
All of them would flunk the emissions and crash tests(esp. the more stringent IIHS test)
Vehicles are so expensive because the government helped. Their mandates are driving up the prices faster and faster. Unrealistic mpg goals, making features mandatory that should be voluntary upgrades. Using gas car sales to fund electric cars. It goes on. It's nearly impossible to find a basic vehicle anymore.
The diversity-finance complex crashed the world economy in 2008. The profits must be astounding because it looks like a repeat.
I was in touch with the Chinese cars for around 25 years and in is about 15 years since they worth considering. Still subpar but the price is a factor. 15 years ago they were all Toyota Hilux and Isuzu D-Max clones. Rusted out fast and had faulty electrics but they were 6-8k for midsize truck with automatic transmission and a/c. Now they have BMW X6 lookalikes with 250hp engines for 25k. It is still faulty but isn’t BMW too nowadays?
“Well, you do if you can charge 25% interest. For a car loan.”
My wife parents got divorced in the mid-late 70’s - her mother bought a small townhome (she had a great job) @ 17.5% — and it was a good rate for the time...
Jimmy Carter lost his job and the USA has been better ever since.
No sleep for the Repo Man.
Good. I’m starting to look for a good used car. A little higher-end at a lower price is just gravy.
GO REPOMAN!
Da ja vu all over again.
Spelt wrong, Yogi forgives me.
Probably be a lot of Esclades available soon.
With rimz already installed!
Well the fly in the ointment is, if too many of these cars are repo’ed, then, even at 25%, they may not be able to get the neccessary value out of the car (the whole supply and demand thing). Sort of sounds familiar....
“The life of a repo man is always intense.”
I was looking at the link in post 39. It seems that EVERY US manufacturer has Joint Ventures with Chicom automakers. As does Europe, Japan, Korea and etc.
You offer me a typical US car for $35,000 or a comparable Chinese knockoff for $20K and guess which one I’ll take.
And if your product is overpriced beyond a certain extent for what it is then everyone becomes a credit risk when they figure it out.
Sure they make money and tons of it to boot. Look at the numbers.
Subprime loans carry interest rates which are sky high, some in the 25% range. Subprime lenders typically require larger deposits to minimize exposure in the likelihood the loan goes bad. Yet with all that, 80% of these loans do NOT go bad and all the money they are making on them easily covers the 20% who do go bad.
This is a deceiving article and doesn’t hold up if anyone reading it is familiar with the lending business for automobiles.
That's Great Wall G5 - a particularly huge Toyota Hilux clone the Chinese were selling in Russia and Kazakhstan in earlier 2000s (first vehicles the Chinese were exporting en-masse). Guess what was the price?
Of course they ALL have joint ventures, it is a requirement of doing business in that market, if not, how would the Chinese be able to steal IP & Technology, as they are entitled to do?
How much? How much?
Whatever. I’ll buy it!
This one was 12,5k. That’s with 50% tariff and 18% VAT included. Regular cab on steel wheels was 8k.
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