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Some Dealers Sell Second Hand Cars at Exorbitant Prices: A-G

Some Dealers Sell Second Hand Cars at Exorbitant Prices: A-G
March 19
11:00 2017

Attorney-General and Minister for Economy Aiyaz Sayed-Khaiyum says some second hand car dealers were landing vehicles for as much as $10,000 and selling them for up to $25,000.

Mr Sayed-Khaiyum said the public needed to know of the exorbitant prices which can be paid while purchasing a second hand vehicle.

Speaking during the Budget Consultations in Ba yesterday, Mr Sayed-Khaiyum said these dealers needed to be named and shamed for the high prices that they sold these vehicles for.

“There is no price control over this,” he said referring to the sale of second hand vehicles.

He said by publishing this, people would understand what the margins were.  He said “when people go to negotiate they know what kind of costs are involved.”

He said a lot of these second hand car dealers “do not have infrastructure or a roof over the areas where the vehicles are kept.”

Mr Sayed-Khaiyum said dealers of new vehicles kept them in proper showrooms.

He also cited a case where a company had brought in semi-polished rice after paying a lower duty and after polishing it sold it at the same price for imported polished rice.

Mr Sayed-Khaiyum said Government’s Budget consultations were done to explain to the ordinary people about how the Budget was drawn up and by doing this people were appreciative and had a better understanding of how things worked.

“This is especially for the economy and the balancing act for Budget processes,” he said.

“There are a lot of good ideas coming through.

“Some of them are practical while some are issues that may never have been thought about.”

Mr Sayed-Khaiyum and his team were in Lautoka yesterday morning conducting a consultation. These were some of the submissions:

 Vinal Nadan, manager of G Nadan Drilling in Ba, submitted that Government should consider subsidising the costs of making boreholes for those in the rural areas, especially cane farmers. Mr Nadan said it cost a farmer from between $5500 to $6000 for a borehole. He said this would combat the problem of supplying piped water to some areas. Mr Sayed-Khaiyum said this was a good thought and they could consider this while discussing the Budget.

 Samu Konataci, of Rakiraki, submitted that the Penang Mill at Rakiraki be repaired and made able to crush again.

Mr Sayed-Khaiyum said one needed to look at whether running the Penang Mill again was viable. He said it was of no use if the cost of running the mill was high. “In the end what we need is for the expenses of making sugar to drop and this would in turn be good for farmers as they would have a better return in their cane payment.”

 Anil Choy, of Lautoka, submitted for Lautoka to have more parking spaces as the number of vehicles had increased. Mr Sayed-Khaiyum agreed the number of vehicles on the road had risen. He said one could look as constructing buildings as car parks within the city.

 There was also a submission on more help for disabled people and an increase in payments for people over 66 years old. Mr Sayed-Khaiyum said there had been increases in this area four times in the past few years.

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