22 October 2022 11:28 am Views - 6330
Local vehicle sellers in the country say that this is the best time to buy a vehicle as the prices of second-hand vehicles have dropped drastically.
They said the importing of vehicles was halted and only the vehicles which have already been imported and the existing number of vehicles in hand are circulating in the market.
"We cannot think of importing vehicles. The prices of vehicles have not declined significantly, but marginally," they said.
"Due to escalating interest payment in leasing and with the higher bank interest rates for depositors, a trend has been created to deposit money after selling their vehicles", they said.
The local sellers requested the people not to go for leasing facilities, but if any buyers who wish they should, they can go for it as the leasing rates are similar to it was, before the increase.
Therefore, it is the best time to buy a vehicle, they opined. (Chaturanga Samarawickrama)