It is expected that Government will annouce to allow to import upto 10 year old cars in coming budget for 2012-2013.
I think this is really neede as the middle class families find it very hard to buy a decent car at decent price. Those who have money from "other sources" can easily buy new cars at a price of 15 lac and above. However people with no "other sources" of income find it very hard to buy a medium slightly used car for under 10 lac. Recently I was looking for an xli in Islamabad, shocked to see that people asking for more than 13 lac for a car they have used for over 2 years.
I know that car price in developed countries drops alot immediately after purchase but then it steady for many years. When the cars are five year old their price starts to drop considerably. Therefore for poor country like ours importing cars around 8-10 year old would be a good idea. Lets get rid of the Rip-off by Pak Suzuki and Indus.
Please give your views on this topic.
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