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I think it's an American thing. In NZ it's pretty rare to buy a new car, far more common to get a 10-15 year old one for $5-10K. Paying cash is normal



Well, someone has to be buying the new cars, or else there wouldn't be any used cars.


A lot of new cars are sold to fleets and these eventually come on to the used market.

(UK figures)

https://www.gov.uk/government/uploads/system/uploads/attachm...

In 2014, 54% of all car first registrations were made by companies.

Which is lower than I would have guessed, but still significant.


I think NZ imports a lot of cars from overseas. The used-car market is great!


I don't know if it's still the case, but New Zealand used to import a lot of Japanese second hand cars. Cheap, reliable, fuel-efficient and left hand drive.

Less common in Australia because they have (had?) a domestic market to protect -- import tariffs made it less attractive.




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