My newbie thinking, correct me if I am wrong.
I think this is true. Second hand car seller will benefit if the
new car price is still the same high as few years ago. For example,
4 years ago, a 2-3 years old Nissan Sunny was 20k lower than brand
new Nissan Sunny. People might still choose second hand one.
Now, brand new and second hand differs by 3-4k, no one will bother
about it. End up, people buy new car, second hand car owner scrap
his car at paper value. If the second hand car owner actually
bought the car as second hand, he might benefit, else back to
square coz he paid much higher few years back.
The interest part is really interesting. Yaloh, anyone
calculates that? Maybe interest rate is higher.
