Need help from those who sold their cars recently

[Karoon]

Hi All[wave] . I'm changing my ride soon, but I'm curious on the market rate for used cars.

 

A simple equation would enlighten the masses.

 

 

= Price of car when you bought it - Price of car when you sold it

Total no of years you owned it

 

 

ie Price of car includes everything lah (coe, omv, body etc etc)

 

Appreciate your inputs, dear ladies and gentlemen of this esteemed forum! Thanks!

Edited November 17, 2006 by Karoon

[Chan0004]

The depreciation depends on make and model...most often, the depreciation calculated for using the car for 10yrs will be smaller than the depreciation u will be expecting now. The selling price of your car now has 3 determinants

1) current COE

2) current OMV

3) Body price

 

COE and OMV can be easily calculated but price of body depends very much on the market's demand and supply

[Karoon]

understood. there are lots of variables but what i'm interested in is a general feel of the cost, then can fine-tune the poll

[Ccssgm]

[rolleyes]Body Price Depend wat car U drive..........