Tag Archive | "D.C.;"

Ecuador Car Prices & Perception


Here is a lesson about Ecuador car prices and how we can gain or lose from perception.

First, you may be surprised to find that the cost of an Ecuador car overall may be less expensive than in Canada, Europe or the US.

In a moment you’ll see some new and used Ecuador car prices.  Then some broader thinking about Ecuador car prices.

First, let me share a true story (as far as I can tell) that helps illustrate a point that reflects in Ecuador car prices but goes way beyond Ecuador car prices.

You may have seen this story passed on over the internet about a musician at a Washington DC Metro Station on a cold January morning in 2007.

He played six Bach pieces for about 45 minutes. During that time approx 2 thousand people went through the station, most of them on their way to work.

After 3 min. a middle aged man noticed there was a musician playing. He slowed his pace and stopped for a few seconds and then hurried to meet his schedule.

4 min. later: The violinist received his first dollar: a woman threw the money in the till and, without stopping, continued to walk.

6 minutes: A young man leaned against the wall to listen to him, then looked at his watch and started to walk again.

Over the 45 minutes the the musician played, only 6 people stopped and stayed for a while. About 20 gave him money but continued to walk their normal pace.
He collected $32.

No one knew that the violinist was Joshua Bell, one of the best musicians in the world. He played one of the most intricate pieces ever written, with a violin worth $3.5 million dollars. Two days before he had sold out a theater in Boston where the seats averaged $100.

This is a real story.  Joshua Bell played incognito in the metro station in a test organized by the Washington Post as part of a social experiment about perception, taste and people’s priorities. The questions raised were: in a common place environment at an inappropriate hour, do we perceive beauty? Do we stop to appreciate it? Do we recognize talent in an unexpected context?

One possible conclusion reached from this experiment could be:  If we do not have a moment to stop and listen to one of the best musicians in the world playing some of the finest music ever written, with one of the most beautiful instruments ever made …..  How many other things are we missing?

So too with cars in Ecuador.  So many people from North America have a perception that they must have a car… that they never stop, even for a moment and ask about others modes of transport.

How much are we missing when we fail to enter new opportunities with an open mind?  What do we lose when we automatically try to impose old habits on new situations without first looking, experiencing and thinking.

This is how it is with so many North Americans who have not experienced Ecuador.  They impose two misconceptions about Ecuador cars.

First, they feel they must have a car without asking why.

Second, they think that Ecuador cars cost more without checking first.

So let’s look at the facts about Ecuador car prices.

Some Ecuador car prices are high… but Ecuador car prices are very misunderstood.

Some Ecuador car prices are actually lower than in the US and Europe and the cost of having a car can almost certainly be less.

Take for example a brand new Peugeot 206 that sells in Ecuador for $16,190.

I am not sure this model is still sold in Western Europe but a used 2006 model Peugeot 206  with 36,000 miles and a 1600 cc engine is advertised for sale in England at almost $17,000.

Comparing cars in different countries is difficult, but this example shows that Ecuador car prices are not anywhere as bad as some people assume.

The higher the price of a car, the greater the difference in cost.  This is in part because the percentage of Ecuador’s duty rises with price. In other words, a Mercedes may have 100% duty and a subcompact almost none.

Some cars are also partially assembled in Ecuador or other countries with trade pacts and the duty on these is reduced.

A brand new Ford Explorer XLT is advertised at $39,950 in Ecuador.  A quick check in the US shows the price in the $29,000 price range.

ecuador-car-prices

Yet a new Ford Fiesta is offered at $13,990 compared to the $12,000 to $16,000 price that is expected when the Fiesta arrives in the USA next year. Fiestas in the UK run over $17,000.

ecuador-car-prices

Ford Fiesta

Some cars seem really expensive to me.  The price shown for a Honda Odyssey minivan like Merri and I drive in the US appears to be double what we would pay in the US.  New Volkswagon Golf (called Rabbits in the US) GTIs seem astronomical as well.

Yet the asking price for a brand new Hyundai Atos Prime is only $10,290.

So depending on what you want, the price of an Ecuador car can be higher than in the US and Europe… or less.

Ecuador used car prices are not out of line either.

This 2000 Chevrolet Cheyenne pickup with 78,000 miles has an asking price of $11,000.

ecuador-car-prices

2005 Toyota Corolla, 54,000 miles, $14,700.

ecuador-car-prices

Previous articles at our site have mentioned that Merri and I do not have a car in Ecuador nor do we drive in Ecuador.  Most of our readers do not have Ecuador cars. See why at Ecuador Car Rental Review.

Though we prefer to hire drivers with cars, you can see from the prices above and below that those who want an Ecuador car will find them easily affordable.

If one takes into account the much lower cost of gas, insurance, parking and maintenance, Ecuador cars probably cost less to run than in the US, Canada and certainly are lower than in Europe.

Every country has a system and Ecuador’s is one that encourages drivers to use smaller, fuel efficient cars that have been assembled with lower cost, local labor.

I am not sure this is what was on the politicians minds when they developed the system but with high duty on big cars and low gas prices, a larger portion of the population can have their own ride if they wish… without creating such a bad a carbon footprint.

Those who want to drive a big fuel guzzler, the polluters  pay in advance.

Plus you cannot import old cars into Ecuador… only new more efficient, less polluting vehicles are allowed in.

I wonder if this is a better system than cash for clunkers where the tax payer, rather than drivers of large and old fuel consumers, pay to achieve better fuel economy?

See more used Ecuador car prices and how to obtain new Ecuador car prices for 239 different models, 220 used cars and  a list of Ecuador car dealers here.

Getting new cars in the US is one of my least favorite activities and one delight for me in Ecuador is avoiding this task.

If you feel you must have or at least know about Ecuador cars… I hope this helps.

Gary

Join Merri me and Thomas Fischer of JGAM and our webmaster David Cross in North Carolina this October and enroll in our emailed course on how to have a web business free.  Save $299.

Learn more about global investing, how to have an international business and early retirement in Ecuador at the course.

Oct. 9-11 IBEZ North Carolina

Or join us in Ecuador and learn more about living and retiring in Ecuador.

Sept. 17-21 Ecuador Spanish Course
Sept. 23-24 Imbabura Real Estate Tour
Sept. 25-28 Ecuador Coastal Real Estate Tour

Oct. 21-24 Ecuador Import Export Tour

Nov. 6-8 IBEZ Ecuador
Nov. 9-10 Imbabura Real Estate Tour
Nov. 11-14 Ecuador Coastal Real Estate Tour

Attend any two Ecuador courses or tours in a calendar month…$949 for one.  $1,349 for two.

Attend any three Ecuador courses or tours in a calendar month…$1,199 for one.  $1,799 for two.

Multi Currency Investment Seminar


The Multi Currency Investment Seminar conducted by Jyske Global Asset Management will be conducted  May 29 through 31. Details on this multi currency seminar are below.

Learn how to gain free attendance at this multi currency seminar and save $499 or $750.

Thomas Fischer wrote: Hi Gary,  I have spoken with the hotel you recommended  (Naples Beach Hotel) and they have offered me a rate of $159 excluding taxes so this is where we will have the seminar.

At the moment I have the following confirmed speakers:

Yourself
Michael Checkan
Joe Cox
John Mauldin

We will have four of our own people and perhaps a couple more.

Also as of today we can accept IRA and 401K’s at JGAM. We will create 3 new portfolios (low-medium-high risk) taking into account that tax is not an issue.

Here are the details:

Jyske Global Asset Management & Gary Scott  Invites you to participate in our Florida spring multi currency investment seminar .

When: 29-31 of May 2009

Where: The Naples Beach Hotel & Golf Resort
851 Gulf Shore Blvd North
Naples, FL 34102
239-659-430
http://www.naplesbeachhotel.com/

Multi Currency Investment Seminar Details:

DAY 1 MAY 29th
•    Evening Cocktail party

DAY 2 MAY 30th
•    All day presentations with scheduled breaks
•    Dinner

DAY 3 MAY 31st
•    Half day presentations
•    Lunch and Farewell until next time.

Multi Currency Seminar Fee: $499. ($750 for a couple)

Learn how to gain free attendance at this multi currency seminar and save $499 or $750.

Accommodation is to be settled directly with the seminar hotel.  Corporate rate for guests staying at the seminar hotel The Naples Beach Hotel & Golf Resort is $159.00 plus taxes. Please book directly with the hotel using the group name “Jyske Global Asset Management”  Reservations: 1-800-237-7600

Registration:    Please contact your Portfolio Manager or Thomas Fischer via email fischer@jgam.com tel. +1 866-602 –5426 (free-call).

Learn how to gain free attendance at this multi currency seminar and save $499 or $750.

Merri and I feel privileged to participate in this multi currency seminar and I want to mention the quality of the other speakers. I am really tickled to know each of these speakers so well.   This allows me to state with confidence that the data shared at this multi currency seminar will be really powerful.

John Mauldin: John is President of Millennium Wave Securities, LLC, an FINRA registered broker-dealer.  I have known and worked with John Mauldin for more than 20 years.  John came from a publishing background and specialized in finding money managers for his clients, with an emphasis upon hedge funds and alternative managers.  As an afterthought, in late 2000, he put his newsletter on the internet, starting with a thousand or so readers. It has grown to the point where today, his publisher sends the letter to over one and a half million readers each week. Compare this to my readership of 15,000 readers!

Michael Checken: Michael Checkan is President of Asset Strategies International, Inc. and I have known him even longer than John as he specializes in precious metals, foreign currencies, and overseas wealth protection.

I forst knew Michael when he was a Vice President at the Deak-Perera Group whihc in the 1970s was the nation’s oldest and largest foreign currency and precious metal investment firm.  Earlier, Michael was one of the first foreign exchange traders in the international department of one of Washington, D.C.’s largest bank.

Michael and his partners are editors of a newsletter that reaches 16,500 readers globally.  Michael is frequently quoted on TV.

Joe Cox: Joe has been my freind and attorney for more years than I care to remember.  He specializes in estate planning, insurance, trusts and taxation. He received a Juris Doctorate from the University of Tulsa School of Law, and a Master of Laws in Estate Planning from the University of Miami, School of Law. Joe is Board Certified in Estate Planning and Administration and in Taxation by the Florida Bar.

In addition to the Board Certifications, Joe is a Fellow in the American College of Trust and Estate Counsel. He is a member of the American and Florida Bar Associations, and is admitted to the Federal Appellate Courts and the United States Tax Court. Joe is a frequent speaker on tax planning topics such as income taxes, insurance trusts, irrevocable trusts and offshore asset protection trusts. He has also written articles and books concerning income tax and irrevocable trusts.

Joe is listed in Who’s Who in America and Who ‘s Who in American Law. Chosen by Florida Trend Magazine as one of the top 1.6% of lawyers in Florida and one of the top 34 Wills, Trusts, & Estate Planning lawyers. Chosen by Worth Magazine to be one of the top 100 attorneys in the Nation.

Among his community commitments, Joe has served many organizations in a leadership position. These include: Naples Community Hospital, Community Foundation of Collier County, YMCA of Collier County, Community School of Naples, Alzheimer’s Association, Forum Club, Senior Friendship Centers, Inc. He was named the Child Advocate of the Year.

To attend, please contact your Jyske Portfolio Manager or Thomas Fischer via email fischer@jgam.com tel. +1 866-602 –5426 (free-call).

Learn how to gain free attendance at this multi currency seminar and save $499 or $750.

About Jyske Global Asset Management Company (JGAM)

JGAM is an independent, but wholly owned subsidiary of  Jyske Bank… a well established bank with a history of over 100 years.

Jyske is Denmark ’s second largest bank, with 450,000 clients in Denmark and over 30,000 abroad.

Jyske Bank has over 23 billion euros in assets and also happens to be one of the leading multi currency traders in the world. The Danes have always been big multi currency traders because as a small naval country surrounded by England, Sweden, Finland, Russia, Germany, Norway and other countries…they have always had to deal in many currencies.

This historically gained multi currency expertise means that unlike most banks (that trade only eight hours a day) Jyske maintains a 24 hour global currency and commodity dealer service. Many other large banks use Jyske to handle their off hour currency positions. This means that Jyske is huge when it comes to multi currency activity. In fact their turnover reaches $50 billion dollars a day.

Let’s address this issue of safety in more detail. Normally this is a pretty moot point. Right now everyone is concerned. Is a bank safe or not? I like Jyske from a bank safety point of view because there are three bank safety points, from the top down.

Bank Safety Point #1: A recent Yahoo Canada article shows a survey by the World Economic Forum listed five safest countries in which to bank.

Canada
Sweden
Luxembourg
Australia
Denmark

So Denmark is a safe place to bank. Now let’s look at Jyske Bank’s safety rating.

Bank Safety Point #2: Jyske Bank is Denmark’s second largest bank.
On October 10 2008, Moody’s affirmed Jyske Bank’s long-term Aa2 rating stable rating. This decision came despite the deteriorated economic prospects in Denmark, particularly in respect of the property market.

Bank Safety Point #3: Also on Friday 10 October 2008, the Danish Parliament passed a bill that secured all deposits and unsecured claims against losses in Danish financial institutions. The rating of the Kingdom of Denmark is Aaa/AAA with Moody’s and Standard & Poor’s respectively.

That’s safe!

I happen to know Jyske Bank because I began using them (as my bank) over 20 years ago. They are one of the few banks that offers a special multi currency portfolio service for investors from almost anywhere in the world.

I was one of the first writers and publishers to begin writing about multi currency investing. Jyske bank was one of the first banks to offer a multi currency portfolio service…and they were my bank.

Not surprising we got together and have created a symbiotic relationship that can help you learn how to create multi currency portfolios that suit you.

Learn how to gain free attendance at this multi currency seminar and save $499 or $750.

Gary