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@@lbnkns7202 Hi, can you comment on the reliability of Chinese cars? Which Chinese brands have a better reliability record? If you can possibly direct me to any real data, I would appreciate it even more.
@@syatmel Aussies don't care about this nonsense. Price and value for money with low cost maintenance will be the ultimate decider for that vast majority of consumers buying a car. What you're talking about is a small niche market and insignificant to the bigger picture
I regretted buying so many Chinese products. When i decided to decouple from China, I identify everything I owned and throw out the Chinese stuff. Now I regretted that as my house is half empty.
Only the rubbish phones are made in China mines made in Vietnam it's pretty easy to avoid Chinese stuff you just have to pay more @@orangejuicepony6881
Thanks for being upfront and honest mate. Always enjoy your videos because you are very honest and genuine. Don't let the mistakes eat away at you though, experiences > money. You can always make more of the latter. I get that losing 15k in a 4 year timespan on cars sounds bad, but if cars are a bit of a passion, it ain't the end of the world. You are more aware now of your auto needs than before AND you've had the different ownership experiences and been able to share them via this channel. Stay well mate.
$15,000 loss over 3 years = $5k per year isn't very bad for 3 changes of China made cars. I lost $18k over 6 years on a Nissan X Trail = $3k per year on one change of a Japanese car. Nissan X Trail has a horrible CVT which I hated very much-was OK in the begining but the drone wore me down. I have moved on to a used Lexus SUV and I am not looking back.
It sounds to me like you’re not really a car guy. You didn’t really think of the basic core criteria (space, etc) but instead, as you put it, focused on the dopamine hit of buying new cars. That said well done for being open and honest. Many TH-camrs wouldn’t have been transparent like you have so hats off to you for that.
HOW do you know that I didn't really think of the "basic core criteria"? Have you been watching my videos where I talk about EACH of those cars as I bought and tested them, etc? Sure, I made rushed and wrong decisions "moving on" too quickly or deciding to buy (the wrong car) too quickly because SOME of those core criteria WERE MET, but please don't make such categoric conclusions that all I chased was a dopamine hit. It's both false and I simply reject this conclusion.
To be fair, not many people know whether the current MG is manufacturing cars with good mechanical reliability. It's like a hit or miss situation, especially when more car brands are competing in offering so much standard features at lower prices. Some people are inclined to try new budget car brands even when their build quality are still uncertain, unlike the Japanese, Korean and European ones. At least, someone is honest and willing to be truthful about buying a car with terrible aftersales service + shabby reliability on TH-cam so that others can avoid doing the same wallet-busting mistake before signing the car financing agreement.
Truth be told though MG never was reliable it was a brand that could give you cars performance cars with crappy reliability and its no point hating on Chinese cars i mean even western brands made alot mistakes like the ford kuga that burned while people were driving i mean cars will always have faults its all about learning a brand if its bad don't go there anymore
@@legogummybear5 You don't pay the lease company profits marketing or salaries you will tell us next. You only pay GST on the depreciation after you sell the car, as it is passed on to the next owner when he buys the car. The GST is hidden in the value complicated to understand but that is how it works. The lease company has to charge GST separately on the sale at the depreciated value.
Fantastic work! I drive a beat up old 2007 Ford Falcon Wagon. Bits falling off everywhere but mechanically unkillable with the inline 4 litre 6 cylinder motor. Runs smoothly and effortlessly. It looks like crap but I love this car! We have a 2013 Amarok, which we purchased 2 years ago. Higher repair bills, however, a super efficient 6 speed manual and a pleasure to drive. I have driven Ford Falcons most of my adult life. 60 years old now.
Unless you are buying as/for business never buy new, always a 2-4 year old car, with the main depression gone and reliability issues/reliability known. Or Just buy a Toyota, Mazda or Honda without CTV 2-5 years old.
The best thing is to be loyal to one brand as I do, Born in Czech Republic and always had Skoda, even in Australia I was the first who bought the Skoda back in 2008 when Skoda arrived to Australia, since then I owned 5 Skodas, currently Karoq and I am happy, any of those Skoda never let me down, no big repairs for that long period of time. They are decent quality, good value and Euro drive experience, also very practical cars and efficient and mostly made in Czech Republic and exported directly to Australia!
The only problem with this approach mate is that Skoda in Europe has very different level of support, infrastructure, parts supplies, and even pricing vs. average salary. Here, Skoda is a very niche brand represented by a proportionately tiny importer company, yet priced as if it's trying to look like another VW or AUDI, which it's not. That's the problem I'm seeing that leads to overspend on a sub-par vehicle choice simply because you're brand loyal but on the wrong continent. Just a thought.
So you think you are a smart Czech! If you are very loyal to the country you were born you should have stayed in that country. Secondly you don’t know how to do your maths. In 16 years you went through 5 cars and never had a problem. On average you only kept your cars for just over 3years , how dumb 😅😅😅. I had my Model 3 for 5 years and only changed a set of tires. My only expense is when I supercharge the rest of my solar🤣🤣🤣🤣
Thanks Dimitri for that video. Glad to hear that keyword "car was not right for me". I get that feeling a lot when driving the Jolion. It's a good car but I just can't stop feeling "its not right for me"
And it's a valid feeling mate. One thing I've failed to convey in this video is that it's NOT WRONG to feel that "the car isn't right for you". In fact - if you feel that consistently (rather than in a spur of a moment) then you probably should do something about it... It's just a way I went about constantly exchanging mine, and repeatedly making the same "wrong car" mistake - that was my problem, which doesn't have to be yours.
I agree: find the right car and then keep it. I bought a six year old Mazda MX5 in 2009. It still had the new car smell but cost a third of its new purchase price. Fifteen years later, I'm still driving it. OK, it's now done 353,000km, but it's still going strong. I love it. And the depreciation has been negligible. My previous car was an MGB, which I drove for nineteen years. Before that, an Austin Healey Sprite which I drove for twelve years, and only sold because I moved countries. I hate to say it, but you probably should have kept the Jeep, though they are horribly unreliable. PS The MGB spent many years under a tarpaulin, but will soon be back on the road.
Hey, we all do it. Ignore the little mind common sense prompts while walking around the car dealership yards, and then sometimes making purchase a wrong decision. You are so right, take the time to look around as many dealerships as possible to review all available options. The only way to give yourself a clear head when finally deciding to make the jump and sign on the dotted line. My favourite quote, most times if I mess up with anything: is "These errors are not coincidental but structural. They arise because we all lack the information we need to make choices in time-sensitive situations" Cheers, liked and subscribe to you channel.
I have had a total of nearly 40 cars in my lifetime. Some were new, most were second hand. The ones I bought with my heart i.e. WJ Jeep Grand Cherokee (x2) with the 5 cyclinder mercedes benz diesel motor gave me nothing but heartache. I have had Korean, British, european and Japanese cars. Over the years I learnt my lesson to ONLY drive Japanese cars, they may boring as hell (Toyota), but I know it will get me home.
Fair points and thanks for sharing your experience. Regardless of what many people say, we buy cars because we want to, not JUST because we want to get from point A to point B.
Thanks for sharing. I was just checking out a Haval H6 in Malaysia, and after watching your video on its ELK, I'm pleased to report that it now remembers the last setting. No more going through the menus to turn it off every time you restart
You went through atleast 5 cars while I drove the same car from 2012, I bought it as a demo with just under 10k km, I have reached a point where a car is just an appliance to move me from point A to B reliably. Doubt I will buy a new one
Depreciation during Covid was virtually non existent as new cars just weren't readily available. You were lucky with those transactions. Most people from what I read lose heaps on Jeep in non covid market.
Non covid market is very different from when this whole story began for me. Jeep appreciated more than Bitcoin since the moment I sold mine. Would have taken 20-30k more for it now. Seriously.
Generally speaking the influx of BYD, Haval, MG etc are all quite new.. it'll be interesting to see how many are still on the road in 10 years. Will they break the stigma of the lack of quality associated with China or did they cut to many corners to make their pricing very competitive? Even beloved brands like Ford had some very concerning issues with there Bronco's early on. Holden put the infamous AFM L76 V8 in many of their premium models which caused nothing but headaches for their owners. So no brand has their hands clean. However where I currently stand is if the entertainment system is lacking, I do sense that the rest of the car will follow suit. It's definitely an interesting time as a consumer.. petrol, diesel, hybrid, electric.. it's alot of the average consumer to consider!
I think the times are different than they were 10-15 years ago and improvement in product - including Chinese cars is exponentially better and faster. With that being said, of course it would be interesting to see how those cars hold up in 10 years.
I will never buy a Chinese car EVER, but good luck to you as everyone has a choice and mine is to never ever buy a throwaway car my cars are for life unless some idiot driver smashes into it and writes it off.
Fair enough, everyone makes their own choices and I still don't think the problems and losses I've described in this video have anything to do with the cars being Chinese.
Dude had no problems with the Chinese cars so not throwaway. A lot of the others you might like are going bankrupt because they are going electric way too expensive. Won't compete when we get the cheap Chinese EVs
Just bought a Chinese made J7 (Petrol) with a 10 year warranty or 1 Million km. Even if I drive it for 5 years and sell it, the new owner will still benefit from another 5 years warranty. Beat this.
You are being unfair to Chinese Cars. With Tesla too you have all the gadgets as well as depreciation. Even the Japanese as well as German ICE cars there are heavy depreciation. Your regrets are basically not a Chinese Cars problem.
No sh1t, Sherlock, I'm glad you figured out that my regrets are not about Chinese cars, but the STORY is about how I bought a lot of Chinese cars. Makes sense?
As you said,the main thing that fueled your mistakes was that the car market was in a unique position at that time where people were desperate to buy cars for a myriad of reasons and there was no supply leading to ridiculous sale prices(selling your jeep for what you got it for is a prime example). i agree with you that ensuring you get the right car for your needs regardless of brand,if toyota doesnt have what you need but suzuki ,ford or haval do then look there. A car is a very expensive undertaking and the less emotion in it the better,not saying there should be no emotion(you have to live with this thing afterall) but it should not be the overarching thing unless youre buying a sports car for yourself.
All very true but emotion is what drives life and many decisions including the amazing feeling of buying a new car, especially when you think that you can "break even" - yes I've lost a lot of cash which I'm warning my viewers here about, but I also had that luxury and fun that some people will never experience. It's like going to Vegas mate. lol
@@ValueCarsAU Personally some of the best decisions ive made in my life are the ones ive made dispassionately ,my last car purchase was made with mostly emotion(being fun to drive doesnt help much when you have to carry large bulky objects and luggage regularly)and a year later my life circumstances changed and I came to regret it a bit. Not discounting the adventures youve had though.
Yep we've all made all sorts of decisions and some of them panned out well, while others didn't. Having a cool head when making those decisions is without a doubt a way to go. But buying a car is like getting married - very hard (and wrong?) to do completely dispassionately. But yeah - here we go, passion comes with a cost. Sometimes very high.
The title is misleading! This has got little to do with the fact these were Chinese cars but more with that you made poorly researched, impulse driven choices, that ended costing you money in the long run. Seems to me that the fact these were Chinese cars is mostly irrelevant, hence my opinion that the title is misleading. I was expecting a video about how bad Chinese cars are etc. but ironically, you more or less state the opposite... This is a hands down vote for me.
You do you mate. I bought Chinese cars, so the story is about me regretting the fact that I kept iterating through those rather than staying on LDV D90 which was best suited for my needs. Hard to please every person and the high white horse they are riding on. Keep clicking on the videos. Engagement is engagement. lol.
Thanks for sharing. Sounds painful. I've got current model tank 300 petrol and current model BRZ. They are the both the right 2 cars for me atm but who knows about either going forward in terms of value. Cost of driving.
As long as you got the right cars for you mate, you are off to a good start and that's something! Cost of driving - who knows, but you must have done some math before buying those cars? So must be in a good place regarding affording the drives and charging? 🤷♀️
You walk into a dealership with a Novated Lease car, you see gutter valuation, they know you could be a person stuck , unless you clear the lease and sell private. How many have cash to pay out lease without taking credit?
Most people would, I'm guessing, as they tell you the payout figure up front and you make an educated (in that sense) financial decision, that "at worst" it would cost you $X.
I'm currently buying a 2019 great wall steed with like 50k KMs for 15k. The depreciation is a god send for people like me doing it really hard financially 😅
I'm glad you found a 5 year old China-made vehicle in presumably good condition and yes - a pretty good price. As long as you're happy, that's all that matters mate.
Great video and very honest. Personally I buy a car I like when they are 1-2 years old. Somebody has already paid the depreciation ( many thousands ) so I don't have to and some are still under warranty . If I'm happy with it I keep it for as many years until I want to move to something newer, I've never paid for that new car smell for a family vehicle. I have a work van that I bought 14 years ago for $10,000.00 that was 10 years old and had done 100,000 kms, It's done almost 300,000 now and still going well but without the comfort of a newer van. It's still worth about $4,000.00 so my cost for it has only been $6000.00 for 14 years use less obviously services and repairs . Not bad for a van that is 24 years old.
I think about 10 years old is the sweet spot. It gives enough time for others to test out the reliability of the particular model of car, but still modern enough to have plenty of life left in the vehicle and spare parts availability. Plus you probably saved a heap on insurance costs on that van every year compared to if you had bought a new one.
Always great advice I'm done with buying car's I lost over $50 thousand over 5 years All I drive now is in mint condition Hyundai i40 wagon and my daily driver is a specialy made Toyota Camry panel van hearse cheers Stephen 🤠✌️✌️
Dimitri, your doung a great service to us who dont know as much about cars, thanks mate Ive been thinking of buying a Chinese car, maybe tiggo 7 pro elite or haval, but I saw the new tiggo 7 pro sports coming out in 2025 that looks good 👍 might get that one. Keep up the good work pal your doing good.
Thanks mate, glad some of it helped. Just make sure the car is right for you, don't skip test drives (of ALL contenders - not just Tiggo that you're focused on - everything in the same price range and class), do yourself a service.
I borrowed my mums MG while my car was getting fixed ill never forget the power it had merging onto the hwy i put my foot to the floor im still waiting for it to get to 110 1.5 peterol pure grunt
Don't beat yourself up Dmitri. You have had a fun, relatively painless ride. I don't want to go all "Chinese Uncle" on you but I said at the time that finance is the devil. Had you stopped at the Haval you would have been fine. Sure the Subbi is a better car but the Haval is not a bad bus. As an absolute contrarian I have never understood the need to "keep up with the Joneses" and that is what any kind of leasing promotes. Novated lease is just a way of making you buy something you don't actually need. I too have had the Jeep experience, some of my fondest automotive memories are driving that crapbox through desert sand on jobs 500km NE of Alice Springs. Was it a good car, hell no! But I remember it fondly. Many cars between then and now. I too have sold a Nissan Leaf and Ford Transit for more than I paid for it over Covid. I did it because I wanted that ridiculous experience once in my life, I knew/know that it could never happen again. If cars are a hobby then expect it to be painfully expensive. If cars are a way of just getting around then drive that Subaru into the ground and don't care when the neighbour gets a new cars and your is 8 years old......
As soon as the tax brackets start to increase and you weren’t in the max tax bracket, novated leases got expensive. I leased until 2004 and when l wasn’t in the max bracket covering the the lease, it was less expensive paying after tax. Especially when you can get3% on loans compared to 12% + plus fees + FBT the lease companies charge.
You don't generally get 3% on loans, I don't know where you live or what you're referring to. How do you assume that I'm not in max tax bracket? Too many assumptions and categoric statements. You can carry on with this tone, I appreciate you helping youtube algorithm, but I'll just stop responding to your future comments if you don't get off your high horse a bit.
Ive lost 18k in less than two years on my second hand model 3 telsa. It was a bit shocking 😲 A massive shift in the car market in such a short time. I now just think i wasn't planning to buy another car anytime soon and when i do want to buy one the options will be so much better ❤
Agree that Chinese cars offer a lot of bling for the money, so the spec sheets look impressive. It’s unfortunate that the intangible benefits are not polished enough yet, however. I personally think it’s too early to consider them for long term ownership.
I kinda agree mate, but again - what's "long term ownership" these days anyway? How many of us - really - keep the car for 10 years? You dump one and buy another in 5 years, if you want ANY pennies of resale value. So, Chinese are onto something here.
@@ValueCarsAU sure, not typical. However I keep all my guys for a min of 10 years. - even unreliable Peugeots. lol. so I don’t think Chinese low end brands would be my thing…. Yet.
Don't worry, even all Chinese will agree with you, because Chinese car will impove and replace much quicker than Japanese, their adge target is about 10 years, even like Japan most car will sent to the scrap yard after 10 years. But now it is changing, there are many luxury EV build with high tech and high quality, and design to last lots longer but with a very high price range up to 1mil CNY or AU$200K. also keep an eye with their Ancap rating will help to tell the quality.
Dmitri, could you expand on why novated leasing has turned out so badly for you? I'm interested because at one point, I was thinking of taking out a novated lease on a car myself.
I looked at novated lease years ago for a $73k car. I did the maths and it was going to cost me $123k over 5 years and at the end I wouldn't own the car. Either give it back or pay a balloon payment to keep it. Not worth it.
Chinese vehicles generally have had lower quality build materials, lower quality dynamic safety and performance, poorer drivetrain components, but offer high levels of equipment and low prices. This also results in poor resale prices. This is how every emerging car manufacturing companies have developed over time and attracted new customers in new markets. Japanese cars, Korean cars, now Indian and Chinese cars all went through this phase. Over time they improve and meet most of the industry standards as their expertise improves. Personally, I wouldn’t have bought a Chinese car 3 to 5 years ago. Today, they are improving quickly. However, just my personal opinion, I’d rather buy a near new second hand and avoid severe depreciation than buy new discount brands. They still have long manufacturer warranties and better reputations.
My Haval H6 does everything any of my other Australian or Korean cars (owned) can do. It's price point with a seven year unlimited kilometer warranty seals the deal. It's comfortable, it's quiet, it has good fuel efficiency, the tech and interior are awesome. I've had mine for over 2 years and have had no issues. I bought mine knowing that re-sale would be an issue, but I am guaranteed 7 years of trouble free ownership. I'm more than happy with that, and my H6! (not sponsored, not affiliated)
Well let's correct that statement slightly... you're definitely not "guaranteed 7 years of trouble free ownership"... no one least of all the manufacturer is guaranteeing you no problems. The warranty you seem to be referring to may cover you for issues that develop, and you'd have to hope the manufacturer honours any warranty claim, which is not always a given...
If you had of stuck with one car during this period of 4 or 5 years what do you think your depreciation on it may have been? and then compare that to what you did do and then your loss is the difference between the two different approaches?
It would have been a deferred rather than forced cash loss - I can tell you that much without doing any fancy calculations. If you have a more definite point of personal win/loss reference, feel free to share.
Buying and selling new cars is going to cost you. Because dealerships add costs to your purchase. For example, delivery charges, then there is on road costs. All will cost you money. One of the biggest costs is insurance. Certain car brands cost more to insure.
Not all chinese stuff is bad. Some stuff is absolute garbage, but they make some quality goods also. Renogy and dji are 2 names that come to mind for reliable products.
Absolutely correct. And yet, nothing compares to getting a brand new car - Chinese or not - that NO ONE farted, sweated or smoked in yet before you. You should try it! 😉
Dimitri. I've novated leased my last two cars, one second hand that I "sold" to the leasing company and my latest which is H6. Luckily I earn enough not to worry about the leasing costs as apposed to a personal loan (No I'm not a Millionaire, I'm a single empty nester). The GST saving on purchase was about $3500 and the tax (income) reduction per annum is about the same. Just for info the before tax saving does not apply to all your novated leasing costs, it is divided between the purchase price and ongoing costs. The best advice I can give is if you are thinking of a novated lease reach out and find someone who has a lease similar to the one you want and see if you can get some real time financials. As an aside I love my H6, except for the ELK and ACC, I know it has diminished resale but with a seven year warranty who cares! Bang for buck it's awesome!
Thanks for sharing your situation mate, mine is different. And tax reduction depends on your earning bracket. No, I'm evidently not a millionaire either, but I earn relatively a lot. So doing this and fitting into a lower bracket = ~$10k saving in taxation per year, which is better than a kick in the nuts. So please don't think that me admitting these mistakes and losses means I can't count at all. And my problems with novated leasing were various and different to your relatively stable and accepted situation. This is not to invalidate what you're saying, just to highlight that our realities are very different and that I do *some* math for sure, and *some* of it worked as intended.
I can sympathize about not buying the right car. I thought I did but I was wrong. I bought a Hyundai Sonata and it's a decent car but it's drive by wire. I hadn't bought a vehicle since my truck in 2019 which was pretty simple. The Sonata has been reliable and got good fuel mileage which I did expect but I think it could get even better mileage if the computer wasn't the one deciding when I was done accelerating. I can override the transmission with paddle shifters to downshift but seldom to make it upshift so I'm not driving a significant distance in town at 2000 rpms which would be about 80mph on the highway drives me nuts. The car still gets the mileage on the window sticker on all but the shortest drives, it's just knowing it could be much better if I could override the transmission to upshift it would be so much better. I mostly bought this car because My truck was 5 years old with only 7000 miles on it and I couldn't depreciate it anymore and 25-40% of the cost of this car I won't be paying in taxes over the next 5 years. I won't be keeping this Hyundai past 5 years like I will my truck which I will keep until it has a long white beard.
Thanks, Dima. From my experience, the novated lease makes sense only if your boss does not pass through the costs in the form of "contribution" . If you work for a not-for-profit, hospital etc, then it makes sense. Otherwise, there is no real benefit. Maths is maths.
I think the critical point is to decide what you want a car for. it seems many people do not. Depreciation is a vehicle fact of life. I think BMWs are the worst. We just don't know enough about all these new Chinese brands. Leasing seems appealing but all the companies are making profit. buying for a "tax break" isn't ideally wise.
Who knows man, SO many choices right now, check Chery Tiggo 4 Pro for example, seems comparable to Suzuki in many ways other than years of brand existence for Suzuki and obviously higher reliability.
My experience of Chinese cars has been pretty negative. We travelled a fair bit last year and rented several cars. Three of them were Chinese, MG and BYD. They were all only a couple of months old and they simply dismantled themselves around us. The engine management was terrible, flat spots during acceleration, vague steering, gross understeer on wet roads, and the paint on one was peeling off the bonnet. Not for me.
Fair enough. Have you tried Euro brands like VW or Range Rover? Wonder how those would dismantle themselves around you... Lol, I get that it's beside the point, but mine is - it's not purely about Chinese quality, it's about bad decisions that one could make picking the wrong car.
@@ValueCarsAU I have a Mk5 VW Golf 2.0 lt TDI 6 speed manual that I bought new in 2006 and it runs as well today as it did back then. Still do long road trips in it. My niece bought a new ATTO 3 last February and it's spent more time in the workshop than on the road. Your point about the Range Rover though is absolutely correct, terrible things.
Car is the biggest depreciating asset. Covid time was unusual that cars didn't depreciate that much and should not be considered a norm. Even of it kept the value, if you have put the same amount of money into real estate or shares, that would have boomed. So I agree from your opening statement. Buy the car you like and also meet your need! Once bought, don't sell it quickly as depreciation is highest in the first few years. Or, consider buying used or demo. It'll still depreciate, but at least not as much.
Insightful. I don't need a big car and I can live with it older but I can't live with someone else's lemon. Cheap new has all the features you showed and just run it 8-10 yrs - noting driving has dropped since 2020 so k's aren't a problem anymore.
I don't know if buying a Chinese car that is packed with electronics would fill me with with a great deal of confidence let alone pleasure. Then again I come from the time of wind up windows and vinyl seats Things were simpler then, but tended to actually work.
I noticed you mentioned in passing the Ford Falcon. Well, they're no SUV, but they're fairly reliable if you can get your hands on one of the later ones. They have a pretty good amount of space and are not bad for towing. I can fit my Ryder 48V electric, 20 inch, fat tyre bike on the back seat. Yep, handy vehicle.
It was a figure of speech, comparing what we get now with all the electronics and bling to something more traditional and basic. Thought it was obvious.
I love my BYD Atto 3 I have owned EVs now for over 8 years now and will never go back to gas powered cars, as long as you sell and buy on the same market you are fine, of course your EV will depreciate at a alarming rate as technology develops but new EVs are getting cheaper too at a alarming rate as technology gets better and battery prices get cheaper, I don't look at how much I will get for my car, I look at how much I will pay the difference which is no where near how much you are lead to believe
I'm glad you seem genuinely passionate about EVs and they work for your transit use-case. They won't at a whole-country scale though and even some insurance companies already refuse to insure them due to high repair and replacement costs. Enjoy while you can! We all have our own poison, don't we?
If you only lost 1000 after one year. That's basic the price of registration. Did you sell the Haval private or trade? If you traded then that's your fault. Dealers are thieves.
Traded H6 in - which explains that massive drop in price of course - but there were no legit private buyers. Only scammers, and I kinda got sick of them.
great to view a You Tube presentation with total honest content. There are a few around but as a percentage not many , I like to spend time on You Tube when I feel I can trust the content. I look forward viewing more of your presentations, Thanks.
Hey Dimitri, Thanks for your honest take on your car-buying journey so far. Keep up the good work and thinking of getting a BYD Sealion 6 PHEV. Hope you have time to review that one mate!
Make another video about your novated leasing experience. That why you have to be picky when choosing your car. Buying and reselling cars is risky losing process. Maybe the Covid time gave you experience that cars will stay rocket high prices. Yeah consider the price but the car NEED to fit your lifestyle at the end of the day. And readers please don’t buy two of the same car if you know you might need a bigger boot or towing capacity regardless of price.
Briefly thought about it, but then the pricing didn't add up. Too expensive to even seriously consider, given how niche the brand is in Australia. To me Rexton is just marginally more appealing than, say, Mahindra.
@@ValueCarsAUFair enough. As you said, it should be the right type of car for you, technical specs should match your requirements. In my case, I considered it as a tow vehicle capable of towing 3t with all passengers and cargo inside. Not many advertised towing vehicles can legally do it. All towing limits must be adhered to. Here are the Rexton's: GCM - 6460 kg, GVM - 2960 kg, TBM 350 kg, ATM - 3500 kg, Tare Mass 2160 kg, GTM - 3150 kg, Front Axle Load 1200 kg, Rear Axle Load 1850 kg
Most towing vehicles fail to provide sufficient rear axle load capacity, as a Tow Ball Mass (TBM) of 350 kg can translate to around 500 kg on the rear axle, leaving very little capacity for cargo and passengers. However, GVM (Gross Vehicle Mass) upgrades are available to alleviate this issue, although they come with additional costs.
Enjoying your China-made jeans, China-assembled iPhone and a whole bunch of crap you and your friends ordered from Temu? 🤣 My point is - get off your high horse.
Hi again , Lachie from sunny Scotland lol . I've gone down a similar path as you but only kept changing the HS approx every 6 mnths / 8000 miles , Excite/Exclusive & Trophy UK specs of course & overall not done to badly loss wise but have come to the conclusion id been better keeping the Exclusive for the long term !. Anyway once again ive decided to possibly change to the smaller MG3 Hybrid+ as my circumstances have changed & have you any advice on this Hybrid + because its so cheap to buy in the UK ?. Take care....
Hey mate, it's interesting that you've changed very frequently but decided to stick with MG brand - I'm surprised to hear about a similar pattern to mine, but not even trying other brands? How strange? 🤷♀️😉
UK roads and rust due to salt destroy cars faster than in Australia. I drove a German car I own there and after 2 weeks was like one year of wear it returned destroyed.
Well. depreciation is always there, don't expect to make money from buying and reselling new cars. You pay from your pocket for having a brand new car. As soon as you driver out from a showroom you loose 10-15%. I am pretty sure you will loose enough money when you will try to sell your new Outback in 1 year for instance. BTW, I own Haval H6 and recently drove the newest Crosstek for a few days and was not impressed by subaru at all. Old tech, terrible interior, outdated infotainment system and very under-powered 2 liters engine. I also found that the Crosstek's safety systems are even more annoying than on my H6. After H6 it was obvious downgrade and still don't understand why people buy it (maybe only because all Subarus are AWD). However, H6 is an ideal car for my family in terms of size and practicality. If you wanted to be more cost efficient then you would probably need to try to buy used 2-3 years old cars.
It's a pretty basic advice for someone who has no idea about cars or Chinese brands. Do you think I have no idea about Chinese cars or brands? Plus, we don't have Geely, Lynk... And Tiggo/Chery is rather rubbish btw. Bye.
Hey Dmitri. Was literally just wondering about you 2 days ago. Thanks for this video. Didn't realise you had moved on and bought so many other cars. You were the deciding factor in me buying the MG ZST Excite in 2022 and STILL loving it. Yes, the new car smell is something and I've been keeping my eye on the new cars coming out, but NOTHING beats the ZST!
Because not everyone wanted to wait 24 months for a new Toyota, and not everyone wants to pay double price tag for bare-bones plastic. Some want to live the life in the moment, I get that a person leaving this kind of comment won't "get it", but hey, you save money while I didn't.
i am not sure why your telling mg hs is bad, i brought mg hs 4 months back, 2021 hs core. running perfectly, i am getting 6.5 l in city , enough back space and still no problems. i dont know what will happen in future but many of the people who owns MG hs they are happy .....
In general, Chinese vehicles have lower safety, lower vehicle dynamic standards and lower quality materials. They also have high levels of equipment and low prices
greetings, I think in the MG segment you should have bought the MG ONE. a product that has had worldwide success, with a new SIGMA platform and above all reliable
Pffft depreciating assets of course you are going to lose money. Buy property and you have a much better chance of making money. Don't know why most people need to buy and sell cars so much. Only if I had spare money would I keep upgrading. My old Toyota just goes and goes, sure it doesn't look flash, but it fulfills its role of getting from a to b.
I bought mg zst top spec in Feb 2023 for 33990 and sold it today for 24k. 7100km on the odometer. Many many issues I didnt want to deal with. So sold it.
I recently sold my mg zst top spec car for 24k with 7100km. Bought it brand new for 33990 in Feb 2023. I just found too many things that annoyed the hell out of me. 1. Can't turn off radio. 2. Paper thin sunroof. 3. Garbage vinyl seats when in the sun. 4. Really crappy infotainment system. 5. Premium fuel and full tank gets about 400km range. 6. Infotainment system randomly rebooted while driving a few times. 7. No rear seat vents, 8. No rear middle seat cup holders. 9. Mg dropped the price of the my23 zst top spec by $4,000 so it doesn't retain much value. 10. The 1.3 turbo engine has some weird turbo lag, 11. Depreciation... Chinese cars just don't hold their value. 12. Chinese car makers are currently selling their cars way below their rrp, the mg zst ev which was 49990 is currently on sale for 34990. 13. Tiny cup holders, 14. Apple carplay doesn't stay connected long even with official Apple cable, 15. If your on a call you can't turn the AC on. Never ever will I buy Chinese cars again. I ordered a Toyota rav4. I know it's more expensive but at least I know what I'm getting and it will hold value. I don't plan to sell my car for at least 5 years but something compelled me to sell the MG. Just my opinion and sharing my thoughts..@@mortlaursen6752
If you are buying and selling cars (especially high depreciating Chinese vehicles) every 6-12 months, you are going to lose a lot of money. If people don't realise this, then they cannot be helped.
I'm not asking you to help me, I'm sharing my experience with my viewers, who might fall into the same "bling sells" trap. People who don't see the point and value of my video cannot be helped. Bye for now.
@@ValueCarsAU The best way to tell which Chinese is better, just cheeck the sales number in Chinese market, people in China already vote them for you, they know which one is good and which is bad, don't even trust local number here, because this is not many here to tell the fact.
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1. I'm NOT a self-proclaimed "Car Expert", an Accountant or a Financial Advisor, and never pretended to be one. I just share my personal experience on this channel (and will KEEP DOING IT). You can agree, you can disagree, and your constructive input is appreciated. Attempts to tell me to stop talking on topics I'm not an expert on are laughable. Look around - you're on TH-cam. People talk about whatever they want. Being a toxic d1ck? Take a walk. 🙋♂
2. Any of your racist comments will never see the light of day. Everything gets reviewed (and trashed) before anyone sees your hateful messages, and I don't even read them. I just quickly scan what's "for review" and if I get a slightest sense of you ignoring my community guidelines, you're banned. Not just your trashy comment, no, no... Your whole account. Can't post here anymore.
3. You don't have to agree with me and you'll see PLENTY of cold, disagreeing, etc comments that I have APPROVED below. Just don't be a toxic d1ck and we'll get along just fine. 😉👌
I'm chinese, I can tell you that chinese don't buy MG HS, LDV D90 at all. Haval H6, Geely monjaro, Tank300 and Chery tiggo8 sell well.
@@lbnkns7202 Hi, can you comment on the reliability of Chinese cars? Which Chinese brands have a better reliability record? If you can possibly direct me to any real data, I would appreciate it even more.
Thanks for sharing
China sells mega BYDs too.
@@lbnkns7202 Aussie buy MG for its British heritage nothing to do with China.
@@syatmel Aussies don't care about this nonsense. Price and value for money with low cost maintenance will be the ultimate decider for that vast majority of consumers buying a car. What you're talking about is a small niche market and insignificant to the bigger picture
I regretted buying so many Chinese products. When i decided to decouple from China, I identify everything I owned and throw out the Chinese stuff. Now I regretted that as my house is half empty.
Hahahahaha good one.
The other half probably made in PRC
No phone, no TV or computer/electronics, no furniture, no clothes then lol
Only the rubbish phones are made in China mines made in Vietnam it's pretty easy to avoid Chinese stuff you just have to pay more @@orangejuicepony6881
@@frontseated5983 aren't you typing on a Chinese phone or laptop?
You forgot that if you kept that Jeep, you would have spent $36k on repairs.
And if you bought BMW or other German brands you’d have lost more money.
Thanks for being upfront and honest mate. Always enjoy your videos because you are very honest and genuine. Don't let the mistakes eat away at you though, experiences > money. You can always make more of the latter. I get that losing 15k in a 4 year timespan on cars sounds bad, but if cars are a bit of a passion, it ain't the end of the world. You are more aware now of your auto needs than before AND you've had the different ownership experiences and been able to share them via this channel.
Stay well mate.
Thanks for the words of support mate as always.
$15,000 loss over 3 years = $5k per year isn't very bad for 3 changes of China made cars.
I lost $18k over 6 years on a Nissan X Trail = $3k per year on one change of a Japanese car.
Nissan X Trail has a horrible CVT which I hated very much-was OK in the begining but the drone wore me down.
I have moved on to a used Lexus SUV and I am not looking back.
Healthy perspective, thanks mate. I guess I'm lucky that the major part of the loss occurred at the end of this journey, not throughout.
It sounds to me like you’re not really a car guy. You didn’t really think of the basic core criteria (space, etc) but instead, as you put it, focused on the dopamine hit of buying new cars. That said well done for being open and honest. Many TH-camrs wouldn’t have been transparent like you have so hats off to you for that.
HOW do you know that I didn't really think of the "basic core criteria"? Have you been watching my videos where I talk about EACH of those cars as I bought and tested them, etc? Sure, I made rushed and wrong decisions "moving on" too quickly or deciding to buy (the wrong car) too quickly because SOME of those core criteria WERE MET, but please don't make such categoric conclusions that all I chased was a dopamine hit. It's both false and I simply reject this conclusion.
If that what makes you a car guy, everyone who buys a car is a car guy. Let's narrow it to people who can remove and refit and engine
To be fair, not many people know whether the current MG is manufacturing cars with good mechanical reliability. It's like a hit or miss situation, especially when more car brands are competing in offering so much standard features at lower prices. Some people are inclined to try new budget car brands even when their build quality are still uncertain, unlike the Japanese, Korean and European ones. At least, someone is honest and willing to be truthful about buying a car with terrible aftersales service + shabby reliability on TH-cam so that others can avoid doing the same wallet-busting mistake before signing the car financing agreement.
Truth be told though MG never was reliable it was a brand that could give you cars performance cars with crappy reliability and its no point hating on Chinese cars i mean even western brands made alot mistakes like the ford kuga that burned while people were driving i mean cars will always have faults its all about learning a brand if its bad don't go there anymore
You forgot about taxes every time you buy a new car. There are GST, stamp duty, and registration costs.
Sure, I haven't included EVERY other expense, of which there were many...
You don't pay GST on a new vehicle you novate lease
@@legogummybear5 You don't pay the lease company profits marketing or salaries you will tell us next. You only pay GST on the depreciation after you sell the car, as it is passed on to the next owner when he buys the car. The GST is hidden in the value complicated to understand but that is how it works. The lease company has to charge GST separately on the sale at the depreciated value.
Fantastic work! I drive a beat up old 2007 Ford Falcon Wagon. Bits falling off everywhere but mechanically unkillable with the inline 4 litre 6 cylinder motor. Runs smoothly and effortlessly. It looks like crap but I love this car! We have a 2013 Amarok, which we purchased 2 years ago. Higher repair bills, however, a super efficient 6 speed manual and a pleasure to drive. I have driven Ford Falcons most of my adult life. 60 years old now.
Unless you are buying as/for business never buy new, always a 2-4 year old car, with the main depression gone and reliability issues/reliability known. Or Just buy a Toyota, Mazda or Honda without CTV 2-5 years old.
Solid, dispassionate advice, can't disagree with you... Problem is - buying cars is sometimes an emotional decision.
The best thing is to be loyal to one brand as I do, Born in Czech Republic and always had Skoda, even in Australia I was the first who bought the Skoda back in 2008 when Skoda arrived to Australia, since then I owned 5 Skodas, currently Karoq and I am happy, any of those Skoda never let me down, no big repairs for that long period of time. They are decent quality, good value and Euro drive experience, also very practical cars and efficient and mostly made in Czech Republic and exported directly to Australia!
The only problem with this approach mate is that Skoda in Europe has very different level of support, infrastructure, parts supplies, and even pricing vs. average salary. Here, Skoda is a very niche brand represented by a proportionately tiny importer company, yet priced as if it's trying to look like another VW or AUDI, which it's not. That's the problem I'm seeing that leads to overspend on a sub-par vehicle choice simply because you're brand loyal but on the wrong continent. Just a thought.
So you think you are a smart Czech! If you are very loyal to the country you were born you should have stayed in that country. Secondly you don’t know how to do your maths. In 16 years you went through 5 cars and never had a problem. On average you only kept your cars for just over 3years , how dumb 😅😅😅. I had my Model 3 for 5 years and only changed a set of tires. My only expense is when I supercharge the rest of my solar🤣🤣🤣🤣
Thanks Dimitri for that video. Glad to hear that keyword "car was not right for me". I get that feeling a lot when driving the Jolion. It's a good car but I just can't stop feeling "its not right for me"
And it's a valid feeling mate. One thing I've failed to convey in this video is that it's NOT WRONG to feel that "the car isn't right for you". In fact - if you feel that consistently (rather than in a spur of a moment) then you probably should do something about it... It's just a way I went about constantly exchanging mine, and repeatedly making the same "wrong car" mistake - that was my problem, which doesn't have to be yours.
@@ValueCarsAU Cheers Dimitri. Thanks a lot. I love your honest videos
Wat year jolion u have.. do you have any known issues with it .. I'm I'm the process of getting one .. and just wants to know wat I'm up against
@@MrBchott sorry just saw that now. Nothing wrong with the Jolion, it just felt too small for me. Some people love small cars but I don't 😊
Thank you for your honesty!
Thank you for your support
Have a haval H6 hybrid and Haval jolion hybrid, love them both, so far great cars
No doubt they are
I agree: find the right car and then keep it. I bought a six year old Mazda MX5 in 2009. It still had the new car smell but cost a third of its new purchase price. Fifteen years later, I'm still driving it. OK, it's now done 353,000km, but it's still going strong. I love it. And the depreciation has been negligible.
My previous car was an MGB, which I drove for nineteen years. Before that, an Austin Healey Sprite which I drove for twelve years, and only sold because I moved countries.
I hate to say it, but you probably should have kept the Jeep, though they are horribly unreliable.
PS The MGB spent many years under a tarpaulin, but will soon be back on the road.
I wish I considered second-hand AND obviously stopped at what was right for me. In my example it would have been LDV D90.
Hey, we all do it. Ignore the little mind common sense prompts while walking around the car dealership yards, and then sometimes making purchase a wrong decision. You are so right, take the time to look around as many dealerships as possible to review all available options. The only way to give yourself a clear head when finally deciding to make the jump and sign on the dotted line. My favourite quote, most times if I mess up with anything: is "These errors are not coincidental but structural. They arise because we all lack the information we need to make choices in time-sensitive situations" Cheers, liked and subscribe to you channel.
Thanks for the words of support mate, very wisely put!
I have had a total of nearly 40 cars in my lifetime. Some were new, most were second hand. The ones I bought with my heart i.e. WJ Jeep Grand Cherokee (x2) with the 5 cyclinder mercedes benz diesel motor gave me nothing but heartache. I have had Korean, British, european and Japanese cars. Over the years I learnt my lesson to ONLY drive Japanese cars, they may boring as hell (Toyota), but I know it will get me home.
Fair points and thanks for sharing your experience. Regardless of what many people say, we buy cars because we want to, not JUST because we want to get from point A to point B.
Thanks for sharing. I was just checking out a Haval H6 in Malaysia, and after watching your video on its ELK, I'm pleased to report that it now remembers the last setting. No more going through the menus to turn it off every time you restart
You went through atleast 5 cars while I drove the same car from 2012, I bought it as a demo with just under 10k km, I have reached a point where a car is just an appliance to move me from point A to B reliably. Doubt I will buy a new one
Yep we all have different journeys and this is mine.
Sensible. I drive a 14 yr old Lexus. Only depreciates about 1k a year. Costs about 200 a year to service, 500 for insurance.
Depreciation during Covid was virtually non existent as new cars just weren't readily available.
You were lucky with those transactions. Most people from what I read lose heaps on Jeep in non covid market.
Non covid market is very different from when this whole story began for me. Jeep appreciated more than Bitcoin since the moment I sold mine. Would have taken 20-30k more for it now. Seriously.
Generally speaking the influx of BYD, Haval, MG etc are all quite new.. it'll be interesting to see how many are still on the road in 10 years.
Will they break the stigma of the lack of quality associated with China or did they cut to many corners to make their pricing very competitive?
Even beloved brands like Ford had some very concerning issues with there Bronco's early on. Holden put the infamous AFM L76 V8 in many of their premium models which caused nothing but headaches for their owners.
So no brand has their hands clean.
However where I currently stand is if the entertainment system is lacking, I do sense that the rest of the car will follow suit.
It's definitely an interesting time as a consumer.. petrol, diesel, hybrid, electric.. it's alot of the average consumer to consider!
I think the times are different than they were 10-15 years ago and improvement in product - including Chinese cars is exponentially better and faster. With that being said, of course it would be interesting to see how those cars hold up in 10 years.
I will never buy a Chinese car EVER, but good luck to you as everyone has a choice and mine is to never ever buy a throwaway car my cars are for life unless some idiot driver smashes into it and writes it off.
@@MadMax351 your non Chinese made ca is most probably filled with Chinese made parts including all electrical harnesses
pretty sure no one asked lol
Fair enough, everyone makes their own choices and I still don't think the problems and losses I've described in this video have anything to do with the cars being Chinese.
No car is for life......the next best thing is a boring Corolla or Camry if you only want reliability
Dude had no problems with the Chinese cars so not throwaway. A lot of the others you might like are going bankrupt because they are going electric way too expensive. Won't compete when we get the cheap Chinese EVs
Just bought a Chinese made J7 (Petrol) with a 10 year warranty or 1 Million km. Even if I drive it for 5 years and sell it, the new owner will still benefit from another 5 years warranty. Beat this.
You are being unfair to Chinese Cars. With Tesla too you have all the gadgets as well as depreciation. Even the Japanese as well as German ICE cars there are heavy depreciation. Your regrets are basically not a Chinese Cars problem.
No sh1t, Sherlock, I'm glad you figured out that my regrets are not about Chinese cars, but the STORY is about how I bought a lot of Chinese cars. Makes sense?
Yes. I driven an MG ZS EV loaned to me while my vehicle was under repair. Honestly. The worst thing i driven in my 54 years of driving.
I wonder what have you been driving for 54 years if this is THE WORST thing. Really mate? I think someone is being a bit dishonest here AND KNOWS IT.
As you said,the main thing that fueled your mistakes was that the car market was in a unique position at that time where people were desperate to buy cars for a myriad of reasons and there was no supply leading to ridiculous sale prices(selling your jeep for what you got it for is a prime example). i agree with you that ensuring you get the right car for your needs regardless of brand,if toyota doesnt have what you need but suzuki ,ford or haval do then look there. A car is a very expensive undertaking and the less emotion in it the better,not saying there should be no emotion(you have to live with this thing afterall) but it should not be the overarching thing unless youre buying a sports car for yourself.
All very true but emotion is what drives life and many decisions including the amazing feeling of buying a new car, especially when you think that you can "break even" - yes I've lost a lot of cash which I'm warning my viewers here about, but I also had that luxury and fun that some people will never experience. It's like going to Vegas mate. lol
@@ValueCarsAU Personally some of the best decisions ive made in my life are the ones ive made dispassionately ,my last car purchase was made with mostly emotion(being fun to drive doesnt help much when you have to carry large bulky objects and luggage regularly)and a year later my life circumstances changed and I came to regret it a bit. Not discounting the adventures youve had though.
Yep we've all made all sorts of decisions and some of them panned out well, while others didn't. Having a cool head when making those decisions is without a doubt a way to go. But buying a car is like getting married - very hard (and wrong?) to do completely dispassionately. But yeah - here we go, passion comes with a cost. Sometimes very high.
The title is misleading! This has got little to do with the fact these were Chinese cars but more with that you made poorly researched, impulse driven choices, that ended costing you money in the long run. Seems to me that the fact these were Chinese cars is mostly irrelevant, hence my opinion that the title is misleading. I was expecting a video about how bad Chinese cars are etc. but ironically, you more or less state the opposite... This is a hands down vote for me.
You do you mate. I bought Chinese cars, so the story is about me regretting the fact that I kept iterating through those rather than staying on LDV D90 which was best suited for my needs. Hard to please every person and the high white horse they are riding on. Keep clicking on the videos. Engagement is engagement. lol.
@@ValueCarsAU OK. I haven't changed my mind but I appreciate you taking the time to reply. Cheers.
Thanks for sharing. Sounds painful. I've got current model tank 300 petrol and current model BRZ. They are the both the right 2 cars for me atm but who knows about either going forward in terms of value. Cost of driving.
As long as you got the right cars for you mate, you are off to a good start and that's something! Cost of driving - who knows, but you must have done some math before buying those cars? So must be in a good place regarding affording the drives and charging? 🤷♀️
Enjoy your coffee, you deserve it. Your frankness was refreshing.
Thank you mate
You walk into a dealership with a Novated Lease car, you see gutter valuation, they know you could be a person stuck , unless you clear the lease and sell private. How many have cash to pay out lease without taking credit?
Most people would, I'm guessing, as they tell you the payout figure up front and you make an educated (in that sense) financial decision, that "at worst" it would cost you $X.
I'm currently buying a 2019 great wall steed with like 50k KMs for 15k. The depreciation is a god send for people like me doing it really hard financially 😅
I'm glad you found a 5 year old China-made vehicle in presumably good condition and yes - a pretty good price. As long as you're happy, that's all that matters mate.
Great video and very honest. Personally I buy a car I like when they are 1-2 years old. Somebody has already paid the depreciation ( many thousands ) so I don't have to and some are still under warranty .
If I'm happy with it I keep it for as many years until I want to move to something newer, I've never paid for that new car smell for a family vehicle.
I have a work van that I bought 14 years ago for $10,000.00 that was 10 years old and had done 100,000 kms, It's done almost 300,000 now and still going well but without the comfort of a newer van. It's still worth about $4,000.00 so my cost for it has only been $6000.00 for 14 years use less obviously services and repairs . Not bad for a van that is 24 years old.
Very good approach, definitely saves you thousands mate.
@@rod_at_adelaide5766 if you don’t want that new car smell. Last year demo or used two year old car is worth the purchase.
I think about 10 years old is the sweet spot. It gives enough time for others to test out the reliability of the particular model of car, but still modern enough to have plenty of life left in the vehicle and spare parts availability. Plus you probably saved a heap on insurance costs on that van every year compared to if you had bought a new one.
Always great advice I'm done with buying car's I lost over $50 thousand over 5 years All I drive now is in mint condition Hyundai i40 wagon and my daily driver is a specialy made Toyota Camry panel van hearse cheers Stephen 🤠✌️✌️
Over FIFTY THOUSAND over 5 years? What? Hard to believe in all honesty mate.
@@ValueCarsAU it's not when car salesman are crooks 👍
the honesty and good wording overall. Keep it up
Thank you for the words of support
Dimitri, your doung a great service to us who dont know as much about cars, thanks mate Ive been thinking of buying a Chinese car, maybe tiggo 7 pro elite or haval, but I saw the new tiggo 7 pro sports coming out in 2025 that looks good 👍 might get that one.
Keep up the good work pal your doing good.
Thanks mate, glad some of it helped. Just make sure the car is right for you, don't skip test drives (of ALL contenders - not just Tiggo that you're focused on - everything in the same price range and class), do yourself a service.
Appreciate the advice. Thank you, Dimitri 🙏
@@ValueCarsAU … Good advice, it’s easy to get tunnel vision when choosing a new car…
I borrowed my mums MG while my car was getting fixed ill never forget the power it had merging onto the hwy i put my foot to the floor im still waiting for it to get to 110
1.5 peterol pure grunt
Learning punctuation would go a loooong way for you in life, considering that you still borrow mums car. Just saying. 😉
Don't beat yourself up Dmitri. You have had a fun, relatively painless ride.
I don't want to go all "Chinese Uncle" on you but I said at the time that finance is the devil. Had you stopped at the Haval you would have been fine. Sure the Subbi is a better car but the Haval is not a bad bus.
As an absolute contrarian I have never understood the need to "keep up with the Joneses" and that is what any kind of leasing promotes. Novated lease is just a way of making you buy something you don't actually need.
I too have had the Jeep experience, some of my fondest automotive memories are driving that crapbox through desert sand on jobs 500km NE of Alice Springs. Was it a good car, hell no! But I remember it fondly. Many cars between then and now. I too have sold a Nissan Leaf and Ford Transit for more than I paid for it over Covid. I did it because I wanted that ridiculous experience once in my life, I knew/know that it could never happen again.
If cars are a hobby then expect it to be painfully expensive. If cars are a way of just getting around then drive that Subaru into the ground and don't care when the neighbour gets a new cars and your is 8 years old......
Always appreciate your thoughts my friend. Agreed on all points.
Thank you for sharing your experience.
Thanks for your support mate
As soon as the tax brackets start to increase and you weren’t in the max tax bracket, novated leases got expensive. I leased until 2004 and when l wasn’t in the max bracket covering the the lease, it was less expensive paying after tax. Especially when you can get3% on loans compared to 12% + plus fees + FBT the lease companies charge.
You don't generally get 3% on loans, I don't know where you live or what you're referring to. How do you assume that I'm not in max tax bracket? Too many assumptions and categoric statements. You can carry on with this tone, I appreciate you helping youtube algorithm, but I'll just stop responding to your future comments if you don't get off your high horse a bit.
Ive lost 18k in less than two years on my second hand model 3 telsa. It was a bit shocking 😲 A massive shift in the car market in such a short time. I now just think i wasn't planning to buy another car anytime soon and when i do want to buy one the options will be so much better ❤
Thanks for sharing mate, makes me feel a bit better about my own choices
Agree that Chinese cars offer a lot of bling for the money, so the spec sheets look impressive. It’s unfortunate that the intangible benefits are not polished enough yet, however. I personally think it’s too early to consider them for long term ownership.
I kinda agree mate, but again - what's "long term ownership" these days anyway? How many of us - really - keep the car for 10 years? You dump one and buy another in 5 years, if you want ANY pennies of resale value. So, Chinese are onto something here.
@@ValueCarsAU sure, not typical. However I keep all my guys for a min of 10 years. - even unreliable Peugeots. lol. so I don’t think Chinese low end brands would be my thing…. Yet.
Don't worry, even all Chinese will agree with you, because Chinese car will impove and replace much quicker than Japanese, their adge target is about 10 years, even like Japan most car will sent to the scrap yard after 10 years. But now it is changing, there are many luxury EV build with high tech and high quality, and design to last lots longer but with a very high price range up to 1mil CNY or AU$200K. also keep an eye with their Ancap rating will help to tell the quality.
I bought a Hyundai for that reason, my wife likes the bling which is standard rather than several thousands on a Toyota.
Dmitri, could you expand on why novated leasing has turned out so badly for you? I'm interested because at one point, I was thinking of taking out a novated lease on a car myself.
It's - honestly - a long story mate. Maybe in another video.
If you are staying with the same company/job for ages maybe it's ok but a lot of people had issues with customer service post loan.
i did a lease thru work in 2014.. it is not cheaper.. better get a good loan and buy a near new secondhand vehicle...
I looked at novated lease years ago for a $73k car. I did the maths and it was going to cost me $123k over 5 years and at the end I wouldn't own the car. Either give it back or pay a balloon payment to keep it. Not worth it.
If you are on a higher tax bracket, and if you want an EV, then it's a no brainer
My friend bought a new MG suv 11 months ago , it already needs a new water pump.🤔
Things happen even to European and American cars I guess...
Chinese vehicles generally have had lower quality build materials, lower quality dynamic safety and performance, poorer drivetrain components, but offer high levels of equipment and low prices. This also results in poor resale prices. This is how every emerging car manufacturing companies have developed over time and attracted new customers in new markets. Japanese cars, Korean cars, now Indian and Chinese cars all went through this phase. Over time they improve and meet most of the industry standards as their expertise improves. Personally, I wouldn’t have bought a Chinese car 3 to 5 years ago. Today, they are improving quickly. However, just my personal opinion, I’d rather buy a near new second hand and avoid severe depreciation than buy new discount brands. They still have long manufacturer warranties and better reputations.
My Haval H6 does everything any of my other Australian or Korean cars (owned) can do. It's price point with a seven year unlimited kilometer warranty seals the deal. It's comfortable, it's quiet, it has good fuel efficiency, the tech and interior are awesome. I've had mine for over 2 years and have had no issues. I bought mine knowing that re-sale would be an issue, but I am guaranteed 7 years of trouble free ownership. I'm more than happy with that, and my H6! (not sponsored, not affiliated)
Well let's correct that statement slightly... you're definitely not "guaranteed 7 years of trouble free ownership"... no one least of all the manufacturer is guaranteeing you no problems. The warranty you seem to be referring to may cover you for issues that develop, and you'd have to hope the manufacturer honours any warranty claim, which is not always a given...
Valid point of view, and I appreciate you sharing it. We all have our opinions and are entitled to those.
My GWM Canon has a german ZF gearbox, japanese IHI Turbo, Bosch electronics, Borg Warner running gear.
No problems.
The funny thing is the MG badge is known to be made in china because they revived it. Then they buy a Harley Davidson or Volvo made in China
If you had of stuck with one car during this period of 4 or 5 years what do you think your depreciation on it may have been? and then compare that to what you did do and then your loss is the difference between the two different approaches?
It would have been a deferred rather than forced cash loss - I can tell you that much without doing any fancy calculations. If you have a more definite point of personal win/loss reference, feel free to share.
Buying and selling new cars is going to cost you. Because dealerships add costs to your purchase. For example, delivery charges, then there is on road costs. All will cost you money. One of the biggest costs is insurance. Certain car brands cost more to insure.
Not all chinese stuff is bad. Some stuff is absolute garbage, but they make some quality goods also. Renogy and dji are 2 names that come to mind for reliable products.
Completely agree. DJI, Xiaomi, GWM (yes I still think GWM cars are good)
You always lose more value of buying brand new cars than buying secondhand cars, of any make, no matter Chinese or not!
Absolutely correct. And yet, nothing compares to getting a brand new car - Chinese or not - that NO ONE farted, sweated or smoked in yet before you. You should try it! 😉
@@rayhou4542 I agree. Bought BMW. In early 2000. Paid $62000 for BMW 3 series. Four years later only got $15000 even with low mileage.
Appreciate your honesty
Thank you 🙏
Glad you liked it
Dimitri. I've novated leased my last two cars, one second hand that I "sold" to the leasing company and my latest which is H6. Luckily I earn enough not to worry about the leasing costs as apposed to a personal loan (No I'm not a Millionaire, I'm a single empty nester). The GST saving on purchase was about $3500 and the tax (income) reduction per annum is about the same. Just for info the before tax saving does not apply to all your novated leasing costs, it is divided between the purchase price and ongoing costs. The best advice I can give is if you are thinking of a novated lease reach out and find someone who has a lease similar to the one you want and see if you can get some real time financials. As an aside I love my H6, except for the ELK and ACC, I know it has diminished resale but with a seven year warranty who cares! Bang for buck it's awesome!
Thanks for sharing your situation mate, mine is different. And tax reduction depends on your earning bracket. No, I'm evidently not a millionaire either, but I earn relatively a lot. So doing this and fitting into a lower bracket = ~$10k saving in taxation per year, which is better than a kick in the nuts. So please don't think that me admitting these mistakes and losses means I can't count at all. And my problems with novated leasing were various and different to your relatively stable and accepted situation. This is not to invalidate what you're saying, just to highlight that our realities are very different and that I do *some* math for sure, and *some* of it worked as intended.
@@ValueCarsAU Cheers Dimitri 🙂
I can sympathize about not buying the right car. I thought I did but I was wrong. I bought a Hyundai Sonata and it's a decent car but it's drive by wire. I hadn't bought a vehicle since my truck in 2019 which was pretty simple. The Sonata has been reliable and got good fuel mileage which I did expect but I think it could get even better mileage if the computer wasn't the one deciding when I was done accelerating. I can override the transmission with paddle shifters to downshift but seldom to make it upshift so I'm not driving a significant distance in town at 2000 rpms which would be about 80mph on the highway drives me nuts. The car still gets the mileage on the window sticker on all but the shortest drives, it's just knowing it could be much better if I could override the transmission to upshift it would be so much better. I mostly bought this car because My truck was 5 years old with only 7000 miles on it and I couldn't depreciate it anymore and 25-40% of the cost of this car I won't be paying in taxes over the next 5 years. I won't be keeping this Hyundai past 5 years like I will my truck which I will keep until it has a long white beard.
Thanks for sharing your story and for the words of support mate.
Thanks, Dima. From my experience, the novated lease makes sense only if your boss does not pass through the costs in the form of "contribution" . If you work for a not-for-profit, hospital etc, then it makes sense. Otherwise, there is no real benefit. Maths is maths.
Appreciate your perspective, thanks.
I think the critical point is to decide what you want a car for. it seems many people do not.
Depreciation is a vehicle fact of life. I think BMWs are the worst.
We just don't know enough about all these new Chinese brands.
Leasing seems appealing but all the companies are making profit. buying for a "tax break" isn't ideally wise.
Is there good Chinese alternative to Suzuki S-Cross?
Or am i doing the right choice by buy Suzuki?
Who knows man, SO many choices right now, check Chery Tiggo 4 Pro for example, seems comparable to Suzuki in many ways other than years of brand existence for Suzuki and obviously higher reliability.
I just bought a Cherry Tiggo 4 Pro Ultimate ( Make in China) 3 days ago. Love ❤❤❤ it!
I suspect China-made versions (for China) are very different to the ones we get here in AU
My experience of Chinese cars has been pretty negative. We travelled a fair bit last year and rented several cars. Three of them were Chinese, MG and BYD. They were all only a couple of months old and they simply dismantled themselves around us. The engine management was terrible, flat spots during acceleration, vague steering, gross understeer on wet roads, and the paint on one was peeling off the bonnet. Not for me.
Fair enough. Have you tried Euro brands like VW or Range Rover? Wonder how those would dismantle themselves around you... Lol, I get that it's beside the point, but mine is - it's not purely about Chinese quality, it's about bad decisions that one could make picking the wrong car.
It's Normal Australia don't assemble vehicle
@@ValueCarsAU I have a Mk5 VW Golf 2.0 lt TDI 6 speed manual that I bought new in 2006 and it runs as well today as it did back then. Still do long road trips in it. My niece bought a new ATTO 3 last February and it's spent more time in the workshop than on the road. Your point about the Range Rover though is absolutely correct, terrible things.
Car is the biggest depreciating asset. Covid time was unusual that cars didn't depreciate that much and should not be considered a norm. Even of it kept the value, if you have put the same amount of money into real estate or shares, that would have boomed.
So I agree from your opening statement. Buy the car you like and also meet your need! Once bought, don't sell it quickly as depreciation is highest in the first few years.
Or, consider buying used or demo. It'll still depreciate, but at least not as much.
No doubt covid times were "special" (in many ways) and cars are depreciating, hence deserving as little raw cash investment as possible.
Insightful. I don't need a big car and I can live with it older but I can't live with someone else's lemon. Cheap new has all the features you showed and just run it 8-10 yrs - noting driving has dropped since 2020 so k's aren't a problem anymore.
i really love you for your honesty
Thank you
Appreciate your words of support, thank you too
I don't know if buying a Chinese car that is packed with electronics would fill me with with a great deal of confidence let alone pleasure. Then again I come from the time of wind up windows and vinyl seats Things were simpler then, but tended to actually work.
I noticed you mentioned in passing the Ford Falcon. Well, they're no SUV, but they're fairly reliable if you can get your hands on one of the later ones. They have a pretty good amount of space and are not bad for towing. I can fit my Ryder 48V electric, 20 inch, fat tyre bike on the back seat. Yep, handy vehicle.
Territory is same thing as falcon and is an SUV
It was a figure of speech, comparing what we get now with all the electronics and bling to something more traditional and basic. Thought it was obvious.
Remarkable that you haven’t lost way more money
Could have been worse, yes, if that's your point?
I love my BYD Atto 3 I have owned EVs now for over 8 years now and will never go back to gas powered cars, as long as you sell and buy on the same market you are fine, of course your EV will depreciate at a alarming rate as technology develops but new EVs are getting cheaper too at a alarming rate as technology gets better and battery prices get cheaper, I don't look at how much I will get for my car, I look at how much I will pay the difference which is no where near how much you are lead to believe
I'm glad you seem genuinely passionate about EVs and they work for your transit use-case. They won't at a whole-country scale though and even some insurance companies already refuse to insure them due to high repair and replacement costs. Enjoy while you can! We all have our own poison, don't we?
If you only lost 1000 after one year. That's basic the price of registration.
Did you sell the Haval private or trade? If you traded then that's your fault. Dealers are thieves.
Traded H6 in - which explains that massive drop in price of course - but there were no legit private buyers. Only scammers, and I kinda got sick of them.
great to view a You Tube presentation with total honest content. There are a few around but as a percentage not many , I like to spend time on You Tube when I feel I can trust the content. I look forward viewing more of your presentations, Thanks.
Glad to hear you've liked it.
Thanks for your story.
Glad you've enjoyed it!
Hey Dimitri, Thanks for your honest take on your car-buying journey so far. Keep up the good work and thinking of getting a BYD Sealion 6 PHEV. Hope you have time to review that one mate!
Hey thanks for the words of support. Unfortunately, no BYD dealership anywhere close to where I live, otherwise I'd review.
Make another video about your novated leasing experience. That why you have to be picky when choosing your car. Buying and reselling cars is risky losing process. Maybe the Covid time gave you experience that cars will stay rocket high prices.
Yeah consider the price but the car NEED to fit your lifestyle at the end of the day.
And readers please don’t buy two of the same car if you know you might need a bigger boot or towing capacity regardless of price.
Yeah I'll follow up on my Novated Leasing Saga soon.
Did you consider Ssangyong Rexton?
Briefly thought about it, but then the pricing didn't add up. Too expensive to even seriously consider, given how niche the brand is in Australia. To me Rexton is just marginally more appealing than, say, Mahindra.
@@ValueCarsAUFair enough. As you said, it should be the right type of car for you, technical specs should match your requirements.
In my case, I considered it as a tow vehicle capable of towing 3t with all passengers and cargo inside. Not many advertised towing vehicles can legally do it. All towing limits must be adhered to.
Here are the Rexton's:
GCM - 6460 kg, GVM - 2960 kg, TBM 350 kg, ATM - 3500 kg, Tare Mass 2160 kg, GTM - 3150 kg, Front Axle Load 1200 kg, Rear Axle Load 1850 kg
Most towing vehicles fail to provide sufficient rear axle load capacity, as a Tow Ball Mass (TBM) of 350 kg can translate to around 500 kg on the rear axle, leaving very little capacity for cargo and passengers. However, GVM (Gross Vehicle Mass) upgrades are available to alleviate this issue, although they come with additional costs.
Would not consider a Chinese car. Driven rental MG’s and they were horrible.
Enjoying your China-made jeans, China-assembled iPhone and a whole bunch of crap you and your friends ordered from Temu? 🤣 My point is - get off your high horse.
Hi again ,
Lachie from sunny Scotland lol .
I've gone down a similar path as you but only kept changing the HS approx every 6 mnths / 8000 miles , Excite/Exclusive & Trophy UK specs of course & overall not done to badly loss wise but have come to the conclusion id been better keeping the Exclusive for the long term !.
Anyway once again ive decided to possibly change to the smaller MG3 Hybrid+ as my circumstances have changed & have you any advice on this Hybrid + because its so cheap to buy in the UK ?.
Take care....
Hey mate, it's interesting that you've changed very frequently but decided to stick with MG brand - I'm surprised to hear about a similar pattern to mine, but not even trying other brands? How strange? 🤷♀️😉
UK roads and rust due to salt destroy cars faster than in Australia. I drove a German car I own there and after 2 weeks was like one year of wear it returned destroyed.
Mg hs and Haval h6 have the looks to attract most people into buying them
I don't know about "most people", as everyone is different, but I agree that they definitely "have the looks".
Used car prices are going down, the market is flooded with cars.
Absolutely they are
Well. depreciation is always there, don't expect to make money from buying and reselling new cars. You pay from your pocket for having a brand new car. As soon as you driver out from a showroom you loose 10-15%. I am pretty sure you will loose enough money when you will try to sell your new Outback in 1 year for instance.
BTW, I own Haval H6 and recently drove the newest Crosstek for a few days and was not impressed by subaru at all. Old tech, terrible interior, outdated infotainment system and very under-powered 2 liters engine. I also found that the Crosstek's safety systems are even more annoying than on my H6. After H6 it was obvious downgrade and still don't understand why people buy it (maybe only because all Subarus are AWD). However, H6 is an ideal car for my family in terms of size and practicality.
If you wanted to be more cost efficient then you would probably need to try to buy used 2-3 years old cars.
Thanks for sharing much appreciated 🙏
Glad you've enjoyed it and thanks for commenting.
My advise is... if you would like to buy a decent Chinese car, you may want to look into Lynk & Co@Geely , Tank @ GWM or Tiggo@Chery
It's a pretty basic advice for someone who has no idea about cars or Chinese brands. Do you think I have no idea about Chinese cars or brands? Plus, we don't have Geely, Lynk... And Tiggo/Chery is rather rubbish btw. Bye.
Honest and true
Appreciate it, thanks!
Why MG keeps being called chinese cars while Land Rover remains british under Tata?
Very good question and I don't have an answer for you mate! 🤷
Hey Dmitri. Was literally just wondering about you 2 days ago.
Thanks for this video. Didn't realise you had moved on and bought so many other cars.
You were the deciding factor in me buying the MG ZST Excite in 2022 and STILL loving it. Yes, the new car smell is something and I've been keeping my eye on the new cars coming out, but NOTHING beats the ZST!
Hey mate, my wife still drives and mostly likes her ZST 2021 too!
Why not just purchase a Toyota,Honda etc….? Quality, bulletproof reliability etc…Depreciation is a nightmare with these Chinese vehicles.
Because not everyone wanted to wait 24 months for a new Toyota, and not everyone wants to pay double price tag for bare-bones plastic. Some want to live the life in the moment, I get that a person leaving this kind of comment won't "get it", but hey, you save money while I didn't.
What’s the amount of money you paid for them and what are they worth now?
Why are you asking, wanna buy?
Evs are lease and rentals not for ownership.
So little cohesion in this statement, but I guess people don't bother trying to express themselves clearly.
i am not sure why your telling mg hs is bad, i brought mg hs 4 months back, 2021 hs core. running perfectly, i am getting 6.5 l in city , enough back space and still no problems. i dont know what will happen in future but many of the people who owns MG hs they are happy .....
Because FOR ME it was the wrong car. Did you listen to what I was saying, or just here to justify validity of your own choice?
@@ValueCarsAU i am listening to you from you started your channel,
In general, Chinese vehicles have lower safety, lower vehicle dynamic standards and lower quality materials. They also have high levels of equipment and low prices
@@tinkertable1977are u sure, with the new car manufacturers after 2021?in the past yes.
greetings, I think in the MG segment you should have bought the MG ONE. a product that has had worldwide success, with a new SIGMA platform and above all reliable
I think you're missing the point, it doesn't matter how successful the car is if I regret buying it. You don't want to regret buying something.
@@ValueCarsAU yes I agree with you
Haha love it. Well deserved (respectfully). Good on you for telling the truth.
Yep it is deserved, which is why the best I can do is warn others.
Hi from serbia,did you have a mg zs?i want to by it how did that car show in your property?sorry my english is bad....
Hello to my people in Serbia! 😎👍 Check my other videos rather than asking stupid questions mate. Your English is okay.
You got s choice...life is all about making choices ....
Oh really? Wow, what an insightful comment... 🤦No wonder this country is going down to sh1t in a handbasket
Thanks for sharing 🙏
Glad you've enjoyed it
You should always buy a car you need not what you want.
Eg: I want a Lambo but I don't need it 😅
Well, obviously. I want my Jeep back! 🤣
I have a similar story, very good video
Glad to hear it's not just me then, and I'm sorry you've lived through similar crap.
Apprecite your video, thnx. 👍
Glad you liked it
Pffft depreciating assets of course you are going to lose money. Buy property and you have a much better chance of making money. Don't know why most people need to buy and sell cars so much. Only if I had spare money would I keep upgrading. My old Toyota just goes and goes, sure it doesn't look flash, but it fulfills its role of getting from a to b.
Because people are different? 🤷♀️
I bought mg zst top spec in Feb 2023 for 33990 and sold it today for 24k. 7100km on the odometer. Many many issues I didnt want to deal with. So sold it.
Very strange and you must have been lucky. Unless you're in some strange part of the world where "Covid market rules" are still in play.
What issues please
I recently sold my mg zst top spec car for 24k with 7100km. Bought it brand new for 33990 in Feb 2023. I just found too many things that annoyed the hell out of me. 1. Can't turn off radio. 2. Paper thin sunroof. 3. Garbage vinyl seats when in the sun. 4. Really crappy infotainment system. 5. Premium fuel and full tank gets about 400km range. 6. Infotainment system randomly rebooted while driving a few times. 7. No rear seat vents, 8. No rear middle seat cup holders. 9. Mg dropped the price of the my23 zst top spec by $4,000 so it doesn't retain much value. 10. The 1.3 turbo engine has some weird turbo lag, 11. Depreciation... Chinese cars just don't hold their value. 12. Chinese car makers are currently selling their cars way below their rrp, the mg zst ev which was 49990 is currently on sale for 34990. 13. Tiny cup holders, 14. Apple carplay doesn't stay connected long even with official Apple cable, 15. If your on a call you can't turn the AC on. Never ever will I buy Chinese cars again. I ordered a Toyota rav4. I know it's more expensive but at least I know what I'm getting and it will hold value. I don't plan to sell my car for at least 5 years but something compelled me to sell the MG. Just my opinion and sharing my thoughts..@@mortlaursen6752
Don't feel bad I lost 76k on a Model 3 performance in just under 4 years
Thank you for sharing and being human about it mate (and sorry for your loss!)
Thank You Sir.
You're most welcome.
If you are buying and selling cars (especially high depreciating Chinese vehicles) every 6-12 months, you are going to lose a lot of money. If people don't realise this, then they cannot be helped.
I'm not asking you to help me, I'm sharing my experience with my viewers, who might fall into the same "bling sells" trap. People who don't see the point and value of my video cannot be helped. Bye for now.
So was the LDV worse than the MG?
Better for me personally, as it was larger and more of a family mover SUV. Part of me - honestly! - regrets selling it.
@@ValueCarsAU The best way to tell which Chinese is better, just cheeck the sales number in Chinese market, people in China already vote them for you, they know which one is good and which is bad, don't even trust local number here, because this is not many here to tell the fact.
Enjoy your journey sir
thanks mate
Should have bought a Slightly used CX-5 🤡
"Should of" paid attention in spelling class
@@gtlegacy8 Yup. Awesome , solid cars