The regulation of the Ministry of Commerce on second-hand cars led to an explosion of absurd advertisements on advertisement sites. Sellers started to delete zeros from prices. Thus, the restriction of the Ministry of Commerce is circumvented…
In today’s issue of the Official Gazette, his car about those who want to sell A very important decision took place. According to the decision of the Ministry of Commerce, cars will not be able to be advertised on buying and selling sites at a higher price than the new model. The Ministry of Commerce, in its press release on the subject, stated that those who oppose the decision up to 300 thousand TL He said he could face a fine.
So, did this regulation prevent the citizens from exceeding the rules? Of course no. When we go and look at the most popular advertisement site in Turkey, “absurd“We see that there are countless advertisements with prices. So much so that prices of 1,079 TL began to be written for a car for 20 days. In other words, 3 zeros have been removed from the actual sales price of the vehicle, 1 million 79 thousand TL.
Here are some interesting ads we saw on the classifieds site:
Looking at the ad above, 2022 model for only 1,225 TL Toyota Corolla We see it being sold. Considering the market value of the vehicle, we can foresee that we will encounter a price of 1 million 225 thousand TL when the advertisement is reached.
Here is another example. This friend wants only 2,825 TL for his car. Considering the current prices of Audi A4 models, we can estimate that the actual price requested for the vehicle is 2 million 825 thousand TL.
In the screenshot above in a similar situation You see other tools. Meanwhile; Let’s also point out that we can’t reach the advertisements with the screenshot falling on the internet. Of course, if some people thought that throwing 3 zeros would attract attention, they would write 100,000 TL instead of 1,000,000 TL by throwing a single zero instead of three zeros.
There are some confusing issues in the arrangement as well:
In the screenshot above, it will take effect as of July 15 your decision full text is located. When you read the text, you get confused on two issues in particular. The first of these is:I have a car. Zero is no longer produced or does not come to Turkey?” issue. No one knows at the moment how this citizen will sell his car. The only thing that can determine the price is insurance value. Let’s say the citizen determined the price over the insurance value.
This time, increasing the value of the vehicle extras Activated. Citizens may have paid tens of thousands, perhaps hundreds of thousands of liras for these accessories, and may have distinguished their vehicle from others. In this case the price what will be determined?
Another thing about the insurance value: Some second-hand cars have more than zero insurance value!
You can see the insurance values of the vehicles of the Insurance Association of Türkiye. Web site there is. The screenshot above is also taken from that website. in screenshot 2023 model Hyundai i20 StyleYou see the insurance value of . The insurance cost of the vehicle is 730 thousand TL. Now we’re going to show you something weird.
In the screenshot above, you can see the insurance value of the 2022 model Hyundai i20 Style. Exactly 835 thousand 100 TL. So the one year old Hyundai i20 is from the brand new i20 in more valuable. Citizens make calculations over the above values when taking out loans and making insurance payments. What will the citizen do now? What and how will it calculate?
Editor Note: Speaking as someone who has been in the industry for years, it is not reasonable to believe that the decision taken by the Ministry of Commerce will work. However, what really needed to be done were restrictions on individuals and companies and fleets, which were called “opportunistic”. If the citizens could easily reach a brand new vehicle, the prices would not be so inflated and automobiles would not become an investment tool. A fine of 300 thousand TL, the big money in this sector will be a big deal…