How to Calculate OMV?

[Quantum]

Pardon my ignorance

Wonder why Honda and Toyota cars OMV are much higher than Nissan and Mitsubishi?

even if Thai City, Vios, Altis the OMV also are higher the Jap Latio, Sunny, lancer respectively

[Kaka23]

The higher the better or the lower the OMV is better?

[Toyo]

OMV higher = higher selling price = higher scrap value.

good cars come with high OMV

[Mzrmazda3]

The higher the better cos when you sell or scrape your ride, you'll get more $$$ back

[Quantum]

how to define 'Good car' and 'Bad Car'

[Kaka23]

But my parents say the nissan sunny I had have very high return value (scrapping price) thats why they bought it for me. Nissan sunny = good cars? O.O

[Toyo]

beauty is in the eyes of the beholder.

if u thk the car is good, then its good. dun bother with what others said

[Quantum]

in another word,

Honda and Toyota are 'good cars'?

but Nissan and Mit are...xx?

[Char]

Good bargain base on low OMV ! You get higher OMV will resulting higher selling price and when scrap will get back just 55% !

[Neokiannam]

or should we say

Honda and Toyota are more 'popular' cars in sg...

tat's y can fetch higher scrap value

[Turbonetics]

The higher the better cos when you sell or scrape your ride, you'll get more $$$ back

but you depreciate more money also.

[Turbonetics]

OMV=Open Market Value.

it is the buying price directly from the manufacturer.

got nothing to do with popularity.

[Neokiannam]

tks bro!

learn something new every day...

[Watwheels]

OMV is the cost of building or constructing the car plus shipping cost.

http://www.onemotoring.com.sg/publish/onem...e/car_cost.html

 

Hence higher OMV means higher quality or "more expensive" equipment used for construction.

Edited March 26, 2007 by Watwheels

[Quantum]

thanks! quite useful Web inform

but the OMV calculation seems not transparent

Edited March 26, 2007 by Quantum

[Bugsbunny]

soryy to bother.

let say car A omv 13,000 and coe 14,500

At 5 th year, what is the scap value of the car if want to sell?

Pls Help.

And how to calc the depreciation value?

[Celicar]

That is the trouble with the newer cars that are subject to current regime, there is no way to calculate the scrap value on your own, it is in a central database that can be accessed on 1motoring using some car particulars plus the owner's particulars. For 2002/2003 thereabout cars, the system back then was much more transparent, you can calculate on your own with a reasonable degree of accuracy. Using the 65%/55% OMV rule plus what is left of your COE plus a rough estimate on the body value.

 

And depreciation is NEVER linear like the agents will tell you (ie. if depreciation is $50,000 over 10 years, it does not mean it is $5,000 every year). For example, you'd think that so long as you sell your car before year 5, you get back every cent of the OMV? Not if you sell to agent. They will give around 82% OMV to you.

[Eyke]

can calculate: http://www.onemotoring.com.sg/publish/onem...OE_Rebates.html