High prices for both new and second-hand automobiles in Kazakhstan. Any tips for saving money?
In the face of rising prices, currency depreciation, and market instability, car buyers in Kazakhstan can take several practical steps to save money.
The new Tax Code, effective from January 1, 2026, offers a 30% tax discount for cars aged between 11 and 20 years and a 50% discount for cars older than 21 years. This can significantly reduce vehicle ownership costs, making older vehicles an attractive option for those seeking tax reductions.
Another strategy is to buy used cars instead of new ones. Given the current economic climate, many consumers cannot afford new vehicles amid rising prices, fuel costs, and declining incomes.
When considering a used car, it's essential to focus on fuel efficiency and maintenance costs to offset rising fuel prices and avoid expensive repairs. Given the high share (>80%) of older, less efficient vehicles in Kazakhstan’s fleet, this is particularly important.
For those who need financing, exploring available subsidies or financing options could be beneficial. Some neighbouring markets encourage eco-friendly or electric vehicles with incentives, and similar opportunities might be accessible through import or local dealer programs.
Digital tools and online platforms can also help car buyers compare prices, negotiate better deals, or access wider inventories without settling for local high prices or limited selections.
Monitoring currency trends closely can also help buyers time purchases when the tenge is relatively stronger or when import costs are lower, thus minimizing the effects of import price fluctuations.
Lastly, considering vehicles from brands with stable or growing markets, such as Korean brands Hyundai and Kia, could be a wise choice. These brands show positive trends in sales and potentially better resale or service support.
In summary, focusing on tax benefits from older cars, shifting towards used vehicles, optimizing for operational costs, and making use of digital tools are practical steps for Kazakh car buyers to save during economic challenges.
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- In light of the new Tax Code from January 1, 2026, individuals seeking personal-finance optimization can consider orchestrating their lifestyle around purchasing older cars (aged between 11 and 20 years) to avail of a 30% tax discount, or cars older than 21 years, attracting a 50% discount.
- To manage the operational costs of car ownership, particularly in the context of rising fuel prices and maintenance costs, it's prudent for personal-finance management to focus on fuel-efficient used cars, ensuring fewer expensive repairs, as observed in the majority (>80%) of Kazakhstan’s vehicle fleet.
