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

[uls]

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]

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.

[BratPAQ]

Imagine what this will do to resale value of car. Next time na bibili ng kotse ang tao eh mawawala na yung factor na resale value.

[A121]

Bibili ako ng L300 FB tas lalagyan ko ng fake plate numbers. No one would know it's 20 years old. LOL

[lowslowbenz]

Not happening here, or I have 5 cars to dispose!

[Monseratto]

Sa Scout area at Laging Handa, some streets are too narrow that when homeowners park their garageless cars, two way nagiging one way na lang. Hirap dumaan pag may kasalubong.

[shadow]

Diba Gagawin na nila Ito sa mga UV express?

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[vinj]

^Parang may nakita nga ako a few weeks ago na mga FX-type na UVEx na nag-rally against phase-out of their FX-type PUVs.

[Ry_Tower]

^Parang may nakita nga ako a few weeks ago na mga FX-type na UVEx na nag-rally against phase-out of their FX-type PUVs.

Dapat unahin muna jeepneys! Mas relic na mga yun e. Mamamatay ka na sa kalawang e

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[IMm29]

Keep the jeepneys off the road and in a museum.

[badkuk]

Reyes also added that, beside stimulating local sales, replacing the older vehicles with new ones is good for the environment, thanks to fuel-efficient systems that new cars are equipped with.

This is only going to be good for the environment if all carmakers are truly "green", if we dispose of hazardous materials from old cars properly, etc.

It must be nice to visit the dreamworld they're living in.

[vinj]

Dapat unahin muna jeepneys! Mas relic na mga yun e. Mamamatay ka na sa kalawang e

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Isama na rin yung mga driver nila sa pag phase out. Shape up or ship out ika nga.

[mark_t]

Bumili muna Sila ng brand new trains bago Sila mag isip mag ban ng older cars.
Another gusto nila sumabit din sa train mga tao.

Saan ba na industry growth gusto nila? sa Korea? Thailand?
Puro imported cars dito.