Banning 10-year-old cars eyed as one way to spur industry growth

**vinj** · February 9th, 2013 03:15 PM

Originally Posted by uls

what will you do with a 9 yr old car if it breaks down?

syempre di mo na gagastusan

pag tumirik iwan mo nalang sa kalye haha

di rin nila alam na ang daming mayayaman na luma ang mga kotse. Not luma in a sense na old and ratty as these are usually properly maintained and scarcely used in some cases.

**uls** · February 9th, 2013 03:24 PM

lots of things politicians didnt think of

there will be ripple effects throughout the economy

and it's gonna change our view towards cars

would we even buy new cars pa?

the rate of depreciation will be insane

**uls** · February 9th, 2013 03:35 PM

we'd be leasing cars nalang.

lagi latest model ang sasakyan

**jaypee10** · February 9th, 2013 04:30 PM

wawa naman ako mawawalan ako ng laruan

**ghosthunter** · February 9th, 2013 04:33 PM

Would rich people still buy multi-million peso cars when after ten years it will be banned from the road?

**A121** · February 9th, 2013 04:40 PM

Originally Posted by uls

lots of things politicians didnt think of

there will be ripple effects throughout the economy

and it's gonna change our view towards cars

would we even buy new cars pa?

the rate of depreciation will be insane

gaya-gaya putomaya ang pinoy politicians. tingin ko nga if they implement this, we will have more unregistered cars on the road. (hence my unregistered L300 FB can work). we don't give the manufacturing industry an avenue for growth. (e.g. mapasukan ng KMU yung planta mo, ridiculous tong on local gov't, high electricity rates, etc...).

**uls** · February 9th, 2013 06:15 PM

Originally Posted by ghosthunter

Would rich people still buy multi-million peso cars when after ten years it will be banned from the road?

they'll be leasing instead of buying

that way they don't have to worry about depreciation

a car lessee doesnt have to worry about the future value of a car

use a new car for a few years, return the car and get a newer model

**niky** · February 9th, 2013 07:42 PM

From some quick arithmetic, given that the only way to sell our cars overseas secondhand is to ship them to China and sell them for a third of the current resale value... over ten years, the average cost of this measure to the low-end consumer will be 300,000 - 500,000 pesos. A 50% increase in expenses.

That's make or break for most new car buyers... equivalent to nearly doubling their monthly installments. The new car market won't crash overnight, but if taxes stay the same, it will definitely crash.

**bobzy** · February 9th, 2013 07:56 PM

talaga yatang ang mga gov't officials natin di ginagamit ang kukote. hayyyy! isa ako sa magpoprotesta if ever, coz my car is really really seldom used. tuwing uuwi lang ako for vacation lalabas ng garage yun and that will be only for 1 month. after that balik na naman sa pedestal hahaha! a 3 year old car with an odo of around 5k. so in the case of the gov't's proposal, naka 15k pa lng odo ko i-phase out na yun car dahil 10 years na???