Its hard to beleive that the people of Kathmandu have this kind of Money. Shocking Trurh about the car prices in Nepal.

Just as a small project, we decided to look at the prices of cars in Kathmandu. Most of us know that people who own a car pay a high premium to purchase it because of the high taxes and duties that have to be paid for Imported goods. Bust just how high do Nepalis pay for their cars?

To find out, we first looked at the Nepali prices of cars in Nepal and we compared it to the price of the same car in India (since India is next to Nepal, so the argument would be that the prices should be similar). We also converted the Nepali price to Dollars. The results are shocking.

In our list, the highest priced car is Toyota Prado (please be aware that there are other more expensive cars available for purchase in Nepal, but we just chose a select few) which costs NRS 18,000,000. This in dollar terms is  $193,548.39   In the USA, Ferari California starts at $192,000, 2014 Aston Martin DB9 starts at $183,000   BMW 7 Series 2012 starts at $90,000, Mercedes Benz S Class starts at $90,000. Now just sit back and think, HOW MANY PRADO's DO YOU SEE IN THE STREETS OF KATHMANDU!!!!!



The cheapest car in the list is Tata Nano which costs NRS 798,000 which when converted to Indian RS is IRS 498,750  i.e. we are paying 4 times the actual price in India. The actual price of Nano in India is IRS 115,000. More comparisons can be found in the table below. 

It is quite fascinating to see how a poor country like Nepal can have so many rich people willing to pay high premiums for cars that cost far less in other countries around the world.