Car loans in Japan are 0.99 % now

The new car sales have been in a Depression for two years now. Car sales are down by 9%, but that really isn't true. Car salesman have been laid off, and sales floor are empty of new car buyers. The gimic today is car contract maintenance which l feel these days you really don't own the car. It's a Depression here in many industries. Japan SHOULD HAVE NEVER EXPORTED THEIR MANUFACTURING OUT OF THE COUNTRY. Though times, and people are no longer spending money freely.

a reply to: musicismagic

All my cars have been Japanese. You are right they are not what they used to be although my current Mazda is 9 years old. I can't image how I'm going to buy a new car. They are so expensive. Plus interest rates for a car loan are very high now. When I bought my Mazda in 2013 I had 0% for 3 years.

Car repossession. is on the rise in the US. Someone advised contacting where they resell the cars to ask them to let you know if what you want comes in.

What does your title mean? Cars loans are .99%?

originally posted by: BelleEpoque
a reply to: musicismagic

All my cars have been Japanese. You are right they are not what they used to be although my current Mazda is 9 years old. I can't image how I'm going to buy a new car. They are so expensive. Plus interest rates for a car loan are very high now. When I bought my Mazda in 2013 I had 0% for 3 years.

Car repossession. is on the rise in the US. Someone advised contacting where they resell the cars to ask them to let you know if what you want comes in.

What does your title mean? Cars loans are .99%?

Sorry, car interest on loans are 0.99% Less than one percent.

a reply to: musicismagic

Just bought my first Subaru Forester, ordered it in August because there were NO new cars on the lots.... All of them including Chevy,Ford, Dodge so on.

Infact, it left Japan in September and then sat in Intake/Customs till Dec15th somewhere in California

You really can't just find a practical new car at the moment.

My 2023 Forester may as well be a 2022 given the shortage of workers able to manufacture cars during Covid.

Then there's the sales people pulling the old "Oh that car was actually sold last night"

Subaru was the only dealership that was straight up honest. Walked out with a new 2023 26K that includes the 2 free oil changes per year for the life of my Forester.

idk if it’s the same in Japan but here in Australia no one’s buying new cars mostly because there’s such a long wait time, in fact second hands cars are selling for more than brand new ones, since there’s such a high demand for them.

Just brought my first brand new car about 9 months ago, I couldn’t really pick the colour or anything though because it would’ve taken anywhere from six to 12 months to get shipped here.

I just told them it had to be a Toyota Hilux 4wd single cab manual and lucky they found one for me straight away… 2021 model, but it was still brand new though.

a reply to: musicismagic

What are people in Japan doing? Keeping their older cars?

Some young people have electric scooters. They are dressed very nice, I guess going to work, they ride with unblinking style, and since they ride on the shoulder they keep up with local traffic. Very cool

I wonder how much of the problems getting vehicles is about bringing in electrical cars.