Is this auction car worth putting $40K?

[Rickster]

http://www.sgcarmart.com/main/info-2ENL23oE-501.html

 

As per the title...

 

I've went down to the yard to see the car. It has 17" Rims that is slightly damaged. Also the car seems like it has been involved in a minor frontal collision that one side of the bonnet seems to have curved a little upwards. Also the front bumper is slightly dented with the radiator inside slightly bended & cracked.

[Gnoikj]

get another car...

[Mzrmazda3]

Not worthwhile .... IMHO

 

2 owners and got langa background

Edited August 23, 2007 by Mzrmazda3

[Singaporesiao]

think go for another car might be better. unless u wanna buy liao then resell... but doubt will fetch any higher value...

[Weichien]

auction ver are obviously cheaper.

not much of a problem.

better den 2nd hand car dealer.

[Rickster]

Initially I bidded 28K, and was the highest till 3pm juz now...

 

I've surveyed the damage and asked around the cost of fixing it could probably be well around 3K (requires quite a few panels to be beaten).

[Singaporesiao]

but i heard eventually all are taken by dealers... is tat true?

[Rickster]

I no have spare moolah to get another car leh

[Acemundo]

if you close at 41050, the depn works out to be 4266 p.a

 

body value for the car is 14k.....in my opinon, alto the depn is decent, the body is way too high for a repo car.

[Mzrmazda3]

If 28k can get then it's a steal

 

Now just pass the 40k mark. Yesterday's COE also never cheong so faster as compared

Edited August 23, 2007 by Mzrmazda3

[Rickster]

Ya, make me cannot work and cannot sleep last nite coz i was dreaming of the possibility to get that car at 1K above scrap value (though i know very very little chance )

 

At 3PM today, my bubble was burst and i snapped back to reality once again...

[Rickster]

In fact, i was mentally ready to bid up to $35K...but who knows, the next fella come and place a $37999 bid straightaway

[Mzrmazda3]

[Acemundo]

yeah lo....just don't follow their silly bids lo

 

there are quite many conti resale cars in good condition can secure for 10-12k body and can buy after test drive. i don't see why one should pay 14k body for a car that one cannot even test drive

[Rickster]

Yar, even if they want to allow me to test drive also cannot coz they dun even have the key. The car was literally towed away from its parking lot!

[Bonjoey]

it ain't owrth it...especially with all the defects that you spotted urself....

 

from the picture, it looks old and drabby already..

 

definitely not worth 40k

[Acemundo]

that's why i say no point.

 

the great thing about repo car is you are going for something cheap in exchange for hassle and something uncertain (about the condition of the car)

 

if i can get something as cheap or cheaper and with much less uncertainty about that car, why shld i insist on that repo car?

[Verve]

at the current price add about 5k to 7k can buy from dealer liao. no point if the car is in such bad shape. these owners are usually btoke and never maintain the engine - you never know what happen under the bonnet. its worth to go for it max at 40k flat after that