- Don't Get Caught Out: Renowned finance expert Garner Ted is dropping some serious truth bombs on TikTok, warning Kiwis about SUVs to steer clear of.
- Value for Money? Not These: In a viral video, Garner shared his list of vehicles he'd avoid at all costs, citing issues like constant repairs, terrible resale value, and unexpectedly high running costs.
- Smart Spending: Learn which SUVs to cross off your list and make informed decisions to save yourself a fortune in the long run. This isn't just about the initial purchase price - it's about the total cost of ownership!
Garner Ted, a TikTok sensation known for his savvy money-saving advice, has once again delivered a dose of financial reality. His latest video focuses on a crucial aspect of car buying that many overlook: the total
cost of ownership. While a shiny new SUV might seem appealing, Garner argues that certain models are simply not worth the investment, leading to a frustrating cycle of repairs and unexpected expenses.
"I'm here to tell you about SUVs I'd never buy," Garner stated in the video. "Unless you enjoy constant repairs, terrible value, and costly surprises, avoid these." While he didn't explicitly name specific models (leaving viewers wanting more!), the implication is clear: some SUVs are notorious for their reliability issues and poor depreciation.
Why Should Kiwis Care?
New Zealanders face unique challenges when it comes to vehicle ownership. High import costs, limited access to specialist mechanics in some areas, and the demands of our diverse terrain all contribute to higher maintenance costs. Buying an unreliable SUV can quickly turn into a financial nightmare. You're not just paying for the car; you're paying for the headaches and the constant trips to the mechanic.
Beyond the Purchase Price: The True Cost
Garner's advice goes beyond simply looking at the sticker price. He emphasizes the importance of considering factors like:
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Reliability: How often is the vehicle likely to require repairs?
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Depreciation: How much value will the vehicle lose over time?
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Running Costs: This includes fuel consumption, insurance, registration, and maintenance.
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Parts Availability: Are replacement parts readily available and affordable in New Zealand?
Choosing an SUV with a strong reputation for reliability and good resale value can save you thousands of dollars over its lifespan. Do your research, read reviews, and consider the long-term financial implications before making a purchase.
Smart Car Buying in Aotearoa
Garner's warning serves as a valuable reminder to all prospective car buyers in New Zealand. Don't be swayed by flashy marketing or superficial features. Prioritize reliability, value, and the total
cost of ownership. A little bit of research can go a long way in protecting your wallet and ensuring a stress-free driving experience. Check online forums, consumer reports, and consult with trusted mechanics before committing to a purchase. Your bank balance will thank you for it!
