The Real Cost Of Owning A Car In Jamaica

In this video i show you the cost of owning a car in Jamaica.
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[@aaronr.ballantyne1313]

"Even though we know in Jamaica the roads aren't worthy of our vehicles" 😂😂😂 that line killed me 🤣🤣🤣

[@DemetressFairman]

Smh 😂 you know I’m telling the truth

[@DavidMaharaj-rm1td]

Trinidad and Tobago 🇹🇹 has even worse roads. Potholes all the time when you're on the road. Trust me. It's torture slowing down and swerving a bit just to avoid a pothole.

[@shansam7873]

Thank you… I no longer want one

[@learngrowinvest]

This video brings up an important point of the Opportunity cost. What would be the rate of return if you invested that deposit in the stock market over the 5 years?

[@DemetressFairman]

Now this is the real money question, great point

[@Elj0_]

This video is so necessary bc no one ever really walks you through the process in this way locally. Makes you really assess if you can handle owning a car rn.

[@Omar-qf5mi]

Guys, save your money. Get a cheap, reliable car. Avoid the debt as much as possible

[@redzspear1153]

Nice as usual 👌. For some, the vehicle may help bring in some extra $$$. Being able to stay an extra 2 hour at work cause now you can reach home safe. Traveling with extra tools to complete a job efficiently.

[@DemetressFairman]

Exactly, so if you work shifts and can get some overtime or if work is remote then a car can help gain some cash

[@MoneyMotivation]

I would like to extend my heartfelt gratitude to bro for such an informative and in-depth video. This is my reference video above all else. Extremely helpful!

[@DemetressFairman]

Thank you I really appreciate your support

[@marquisebartley9701]

Bro this is a very good video, editing skills up deh as usual. I hope alot of potential first car buyers in Jamaica see this

[@DemetressFairman]

Respect man, just trying to give great content

[@DosesofTahj]

This video stress me out

[@dell7990]

If Jamaica minimum wage is $15,000 weekly,let’s say a $25,000 would be a ok job in Jamaica. That Honda Fit cost only $500,000 JMD in USA. Why it soo expensive in Jamaica, 2 million JMD is far too expensive.

[@DemetressFairman]

Unfortunately minimum wage is a poor indicator of livable income. Cost of living is the real indicator, in some areas rent can be $150,000/month and that doesn’t include utilities. Sadly minimum wage is hard to make ends meet here.

[@dell7990]

@@DemetressFairman I see Land for sale in Montego Bay JMD 1.7 million. Hiring a contractor I would pay JMD 2.5 million to build a 3 bedroom house. The house would be worth JMD 8 million with a realtor. Those numbers are facts

[@filgreat.crypto]

Thanks for the video, actually in the process of getting my license. Knew it was gonna more expensive but this is a big liability than anticipated. Buying a car is like signing up to 10 different yearly high-ticket subscriptions. Probably smarter to just continue buying bitcoin. Been working another high-income skill to pay for it though, just gonna wait a bit until that's solid.

[@DemetressFairman]

Honestly it depends on if you can handle it and the if the opportunity cost works for you

[@okjr]

U know what's the worse part about this jamaica has a terrible public transportation system

[@chromographic]

Great video, it one was very informative and insightful. I can now budge a little better since I am in the process of getting one myself

[@DemetressFairman]

Yep put pen to paper and see if it works for you

[@Chris-lh6mi]

“This nigga don’t miss” (snoop dawg voice) He’s good yo

[@tyreecemorris7697]

How does having a dashcam decreases the insurance?

[@michaeltyson5507]

Thanks i needed this, video well put together

[@FiDi624]

Dont forget parts that you have to buy after driving on dem road yah 😤 Parts dem expensive like my daughter school fee 🤦🏽‍♂️

[@DemetressFairman]

Lol it’s in there man at the end, but I kept it low but honestly it should be a lot higher

[@GarthGrant]

Lol I am not motivated to get a car lol...that's why and getting at least 2 house before ..lol..hopefully

[@DemetressFairman]

Good ambition, if it fits your goals and needs then do it 🙌🏾

[@tkash4th]

Almighty God dwn payment

[@sandiewhyte5038]

Great video !

[@brandonwilliams1388]

Which insurance calculator is that?

[@DemetressFairman]

Ncb

[@brandonwilliams1388]

@@DemetressFairman thanks

[@philjonesfootball4696]

Thanks for the reality check 😂

[@DemetressFairman]

😂 you are welcome

[@okelliersterling2212]

My experience... in addition, a new battery, if it's a used car(15-20k) and a car emergency fund for minor incidents/accidents and electronics that might fail (especially sensors, I would suggest having a 30k stashed away for that)

[@DemetressFairman]

Yes a car emergency fund is wise, but I have an overall emergency fund so I might have to start separating them

[@sanjabonnick1694]

Finally a proper video explaining approximate costs

[@ALaw-g1r]

Another thing ac anuh fi wen u a drive normal or guh work, ac affi wen u aguh out once inna blue moon, caz fesco snd total naah laff

[@DemetressFairman]

😂 once in blue moon, nah sah not in them hot time yah

[@dwightwilliams311]

Don't make sense I buy a car then.

[@DemetressFairman]

Through proper planning it can be done

[@kingnegus5000]

Intrest 10% is high ..what's the lowest rate u can get in Jamaica

[@geno166]

Some banks give 5 percent and some even no down payment. Shop around

[@richardmuirhead5428]

How much should i budget for bribery? Police have relieved me of way more money than thieves in Jamaica.

[@DemetressFairman]

Lol that’s a personal question

[@vanflyheight8487]

Informative, and graphical and with wit, you got a subscriber

[@CSOJAPAN]

For Jamican roads japnese cars are best

[@Patience7813]

THIS. MAKES. SENSE. Thank you.

[@giniolamy]

Dam seems like to own a car 🚗 in Jamaica 🇯🇲 is sn easy task

[@DemetressFairman]

It’s easy but most times we take on ones that are out of our budget

[@alllthatandmore4809]

What are your thoughts on driving left hand drive vehicles in Jamaica?

[@DemetressFairman]

I drive a left hand and it rarely hinders me. Finding parts is just as easy and the only downside is overtaking because I have to be 100% sure of an overtake.

[@Maskman_original]

My choice is owning a bicycle 🚲.

[@DemetressFairman]

If I lived in a city and work is close trust me I would use a bicycle. But then again dem taxi man Nuh normal on the road

[@4evahodlingdoge226]

Cyan drive any form of bike in Jamaica, i never met a single bike rider who neva ina serious accident and bruck up demself.

[@pennyvision7185]

Best video I've seen on this topic. I'm American btw

[@DemetressFairman]

Great thank you

[@hurricanegilbert]

Good content and good editing 👍🏾

[@DemetressFairman]

Respect 🫡

[@caseanful]

coming from st lucia the entier caribbean rigeon system is just non sense and cant be answered to make sense we need change

[@edwardhoffenheim3249]

I rather walk or tek bus. Cause this a madness lmao

[@akheemelawrence8041]

Jamaican businesses r so behind time and strategy. Not even 10 business in jamaica offer affliate programs

[@malikbarnett]

my eyes are now since i am looking to get my learner. Good video as always.

[@DemetressFairman]

Yea man you have to put pen to paper

[@annicaferguson9722]

Listen ! That video was awesome 👌, very entertaining and even tho mi probably nuh bada want nuh car mi Learn alot

[@danielskeffery846]

😢😂 why my little head thought insurance was a one time payment. Lawd have mercy

[@speedyjmid1822]

Am so glad I see this video I was about to buy my first car then live from pay check to pay check

[@gillianthompson6867]

What is your opinion on a Honda grace hybrid.

[@DemetressFairman]

Not familiar with them but I think they are the same as the Honda city and Hondas generally are good. Just make sure the mechanic knows about hybrid cars

[@JaMatrix.]

Well done.

[@akheemelawrence8041]

Yyyyyy 😂 popcaan is sonthing else

[@realtimeeconomics]

Hey Demetress What software you use to edit

[@DemetressFairman]

I use final cut

[@caribbeanbwoyz2361]

This helped me alot 😂😂😂😂

[@boomspeng]

Thanks bro

[@boomspeng]

Thank you bro

[@sharnsimmonds]

Gas prices going back up 🥺

[@GarthGrant]

Lol

[@DemetressFairman]

Lol never really dipped for me

[@garylawrence876]

Damn, a so much money I saved driving a company vehicle? I didn't buy gas for many years!

[@DemetressFairman]

That’s a blessing