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Auto market experts explain that far from everyone you can count on being able to buy a new car, while for others it is more important not to have the best but a solid means of expression, but not a new compact model.
Not so expensive
During the first 9 months of this year, according to Autotyrimų data, just over 30 thousand were registered in Lithuania. New cars. Meanwhile, almost 165 thousand transactions were made in the used car market. – one and a half times more. Can’t Lithuanians buy new cars?
Data from Autoplius.lt showing the average transaction value of a used car was 4.4 thousand. The euro says it can’t yet, because even the city’s smallest new cars cost twice as much. But that’s the average. People buy both cheaper and more expensive used cars although they could buy a new vehicle.
Matas Buzelis, a member of the Lithuanian election commission for the car of the year 2021, an expert on the car market and a representative of CarVertical, says that many people simply do not calculate that they can afford to buy a new car.
“I believe that Lithuanians do not buy new cars because of the old belief that it is safe to live with an old car and they do not calculate how much money they spend on its operation. And if you calculate, you will see that a new car is not so expensive anymore,” he taught Mr. Buzelis his point of view.
30 thousand or 250 euros?
The expert says that the total price of the car seems incomprehensible to most, and the days when people were going to buy a car with a suitcase for money are over. Now about 80 percent. New car sales occur when a vehicle is rented.
“Not everyone says the price if the car is affordable or not. Let’s assume 30 thousand. The price of 5 thousand euros can scare many, so buy a car that costs 5 thousand. and driving without calculating the running costs, which can be quite insignificant for a car that is not the first youngster. And after calculating that it is possible to allocate, say, 250 euros per car per month, after paying the initial contribution, it will turn out that it is possible to drive a new car that will not cause any problems, ”continues M.Buzelis.
Last year, bankers calculated that a middle-income Lithuanian family could buy more than 24,000 leases. The choice in this price category is already wide.
The average base price of applicants for the title “Lithuanian Car of the Year 2021” is slightly higher: 28 thousand. euros. The pictures that bite the Lithuanians include most compact hatchbacks, now popular urban SUVs, even larger pickups. But Lithuanians want big, luxury cars.
The machine for Lithuania is a status symbol
In July this year, the most popular model among used cars was the BMW 3 Series. Third is the largest BMW 5 Series. Vitoldas Milius, a member of the Lithuanian Car of the Year Election Commission and editor of Autobild Lietuva magazine, says that for most Lithuanians, a good and simple car is not enough, because it is a status symbol.
“According to my general conviction, the car is still important for Lithuanians as a means of self-expression. There are stereotypes that BMW or Mercedes-Benz, although older, are more luxurious than the new Dacia. We joke saying that here it would be an idiot to come to my mother-in-law with a Renault and not with a Mercedes-Benz, although in the end three Mercedes-Benzes of this type come out for the price of that new Renault ”, stereotypes rooted in the nation. said V. Milius.
Although they are new, even the smallest class cars have more technology and are safer than used premium class cars, most Lithuanians opt not for rationality, but for imaginary status and driving comfort. And indeed, for a relatively low price, you can buy a high-end limousine and enjoy exceptional travel comfort. But only so far there are technical problems.
It is not possible to compare new and used
“I think you can never compare new and used cars because they are different things. We can remember that now for the price of a compact hatchback, about 20 thousand. euro, we can buy a Bentley Flying Spur. A car that once cost 200 thousand. euros. Now it costs 10 times cheaper, but maintenance costs have stayed the same and are even increasing as you get older due to age.
You can find used cars that offer a higher level of comfort than economy cars, but when you start to think that you have to drive that car every day, and when you calculate its running costs, we see that choosing a luxury car with little money is irrational. taught by M.Buzelis.
Members of the Lithuanian Journalists Automobile Club, which organizes Lithuania’s Car of the Year elections, said that choosing a new car is rational because it is very easy for him to calculate operating costs.
“Of course, the BMW will be more elegant than any compact baby, because the compact baby is made to be cheap and cheap to drive. However, the more luxurious and older the car you choose, the more risk you take. For an ordinary driver who doesn’t need a luxury badge, a new car is the most logical solution, because he just doesn’t have a headache and he doesn’t get tired of it, ”said Autobild editor Lietuva.
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