Tag Links: cuba, cars, finance

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Cubans awoke today for the first time in half a century with the right to buy new and used vehicles from the state without special permission, but markups of 400 percent or more quickly dashed most people's expectations.

At the state-run Peugeot dealership in Havana this morning, where prices ranged from $91,000 for a 2013 model 206 to $262,000 for a 508, people walked away shaking their heads in disgust.

"I earn 600 Cuban pesos per month (approximately $30). That means in my whole life I can't buy one of these. I am going to die before I can buy a new car," Roberto Gonzales, a state driver, said, walking back to his 1950s Plymouth.

 


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Cuban Market Opens With $100K Cars - Average Buyer Makes $20 A Month

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