THE Blue Crane municipal region, which encompasses the Eastern Cape towns of Somerset East, Pearston and Cookhouse, has been identified as the country’s most expensive area to buy used vehicles.
This is according to the results of a research project undertaken by Johannesburg-based analysis and data company Lightstone, which revealed buyers would pay on average 5.4% more for a second-hand vehicle in that region than anywhere else in the country.
Buyers in Nelson Mandela Bay, situated just 170km from Somerset East, will pay 1.7% less than the national average when acquiring a second-hand car.
Lightstone analysis director Paul Roux de Kock said the research was conducted by analysing a massive 200000 transactions involving used vehicles across the country.
“The results showed the cost of buying a used vehicle in Gauteng, the Western Cape or KwaZulu-Natal is actually cheaper, even though salaries and house prices may be higher in these provinces, which have the largest economies.”
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