Carndablues Clutched July 12, 2009 Share July 12, 2009 Hyundai Sonata This was my friend's Sonata, he traded in for a VW Touran at 26,000. Now selling at 35.8k, not a bad ROI if the dealer manages to sell at asking price. BTW, if anyone is interested in this, the mileage was 86,000. ↡ Advertisement Link to post Share on other sites More sharing options...
Tigershark1976 Turbocharged July 12, 2009 Share July 12, 2009 think its common, the dealer have their cost to maintain, and risk to take. If their margin is only 1-2k, they have to eat grass alrd... i remember plenty of 2nd hand car dealers closed during the "COE Crisis". They took in the car at high price and in the end, have to swallow all the losses themself cos most people go for new car since it is more value for money. Link to post Share on other sites More sharing options...
Niteblu Neutral Newbie July 12, 2009 Share July 12, 2009 On 7/12/2009 at 2:57 PM, Carndablues said: Hyundai Sonata This was my friend's Sonata, he traded in for a VW Touran at 26,000. Now selling at 35.8k, not a bad ROI if the dealer manages to sell at asking price. BTW, if anyone is interested in this, the mileage was 86,000. actually. to be frightfully honest. i think your friend was a bit of an idiot to trade it in for $26k. most likely his overly friendly VW SE. acted like she was doing him a big fat favour by taking the car off his hands. screwed him over, by offering him practically paper. makan more than a few $$k for herself. before flogging it off to the 2nd hand dealer. who marked it up accordingly. just a hypothesis... Link to post Share on other sites More sharing options...
SZY Clutched July 12, 2009 Share July 12, 2009 On 7/12/2009 at 2:57 PM, Carndablues said: Hyundai Sonata This was my friend's Sonata, he traded in for a VW Touran at 26,000. Now selling at 35.8k, not a bad ROI if the dealer manages to sell at asking price. BTW, if anyone is interested in this, the mileage was 86,000. I would have offered your friend at least 30k cash hai.... Link to post Share on other sites More sharing options...
Jetabout777 1st Gear July 12, 2009 Share July 12, 2009 On 7/12/2009 at 4:18 PM, Niteblu said: actually. to be frightfully honest. i think your friend was a bit of an idiot to trade it in for $26k. most likely his overly friendly VW SE. acted like she was doing him a big fat favour by taking the car off his hands. screwed him over, by offering him practically paper. makan more than a few $$k for herself. before flogging it off to the 2nd hand dealer. who marked it up accordingly. just a hypothesis... This is actually the frightful truth for many owners who want to upgrade their cars. In the process of purchasing the new car, the owner just wants a peace of mind when getting rid of the current car in the most 'trustworthy'(perceived), convenient, and efficient way. The key here is education and experience. Link to post Share on other sites More sharing options...
Carndablues Clutched July 12, 2009 Author Share July 12, 2009 On 7/12/2009 at 4:18 PM, Niteblu said: actually. to be frightfully honest. i think your friend was a bit of an idiot to trade it in for $26k. I told him as much, but he just couldn't resist....and he went the direct selling route before, ie. bought new car before selling old car, he ended up paying installment for two cars for three months while waiting for offers to come in for his old one! And to think, he paid 66k for that Sonata three years ago, calculate the depreciation on that! Link to post Share on other sites More sharing options...
Limxiaoming 2nd Gear July 12, 2009 Share July 12, 2009 Sry to OT a bit, I intend sell my sonata soon. Same month and year as the TS's friend's car. Silver in colour. Milage ard 50k. One thing I can gurantee is that it shd be the best maintained sonata in spore haha. At least when comparing with those of the same year. pls pm me for more details! Link to post Share on other sites More sharing options...
Rickster 5th Gear July 13, 2009 Share July 13, 2009 For bread and butter class korean/contis, generally car dealers will only take in at max 2K above scrap value. For the japanese counterparts, only slightly better between 2-4K above scap. Link to post Share on other sites More sharing options...
Hosaybo 6th Gear July 13, 2009 Share July 13, 2009 I think you want hussle free, you loose $$$$ Link to post Share on other sites More sharing options...
King 1st Gear July 13, 2009 Share July 13, 2009 owning a car...we make ourself the biggest fool out that!!!! why? trade in at low price, pay cash to redeem and pay high cash for new car! one of the many reasons why insurance go up is becos in 2006 and 2007, there is a surge of 100,000 vehicles in singapore of course insurance happy lah....but in 2008, accident so many. you know how much the agent charge for repair? they even go by hour basis! when i get into accident this year, i want to do private settlement, agent say is 6k.... i say go claim my insurance , the cost is 9k...i ask why? becos is like tat law! HAHAHA insurance will continue to go up.....gone are the days of cheap insurance..... Link to post Share on other sites More sharing options...
Swiftee Clutched July 13, 2009 Share July 13, 2009 No wonder i was wondering why the ad did not mention about the mileage. Link to post Share on other sites More sharing options...
Rickster 5th Gear July 13, 2009 Share July 13, 2009 On 7/13/2009 at 12:47 AM, King said: owning a car...we make ourself the biggest fool out that!!!! why? trade in at low price, pay cash to redeem and pay high cash for new car! one of the many reasons why insurance go up is becos in 2006 and 2007, there is a surge of 100,000 vehicles in singapore of course insurance happy lah....but in 2008, accident so many. you know how much the agent charge for repair? they even go by hour basis! when i get into accident this year, i want to do private settlement, agent say is 6k.... i say go claim my insurance , the cost is 9k...i ask why? becos is like tat law! HAHAHA insurance will continue to go up.....gone are the days of cheap insurance..... ADs are one of the biggest culprits in causing rising premiums every year Link to post Share on other sites More sharing options...
Guest Julio369 Neutral Newbie July 13, 2009 Share July 13, 2009 nowadays otr a lot of new cars. For every damn minor accident, one party will not hesitate to go for AD, provided if you are he victim.....but if you are in the wrong, you will go to normal workshop. Link to post Share on other sites More sharing options...
Rickster 5th Gear July 13, 2009 Share July 13, 2009 Ya, recently got into a minor accident on my then, 3 weeks old car. Backside just got kissed and the bumper only got scratches n slightly slanted. Brought it back to AD, they changed the entire bumper to a fee of 4.5K!!! The bumper is just a black plastic bumper that is not sprayed to body colour. No rear fog lights attached to it as well. [sweatdrop] Link to post Share on other sites More sharing options...
King 1st Gear July 13, 2009 Share July 13, 2009 that why we are fools to own car in singapore Link to post Share on other sites More sharing options...
Picanto 3rd Gear July 13, 2009 Share July 13, 2009 On 7/13/2009 at 3:19 AM, King said: that why we are fools to own car in singapore ONLY those who have the ability and $$ to burn can own cars in spore. i do not think these people are fools. Link to post Share on other sites More sharing options...
King 1st Gear July 13, 2009 Share July 13, 2009 whose got hard cash to buy car not fool, i meant pple like me who take loan... 80% of us Link to post Share on other sites More sharing options...
Hummer 3rd Gear July 13, 2009 Share July 13, 2009 On 7/12/2009 at 6:09 PM, Limxiaoming said: Sry to OT a bit, I intend sell my sonata soon. Same month and year as the TS's friend's car. Silver in colour. Milage ard 50k. One thing I can gurantee is that it shd be the best maintained sonata in spore haha. At least when comparing with those of the same year. pls pm me for more details! Bro 2.4 or 2.0? Got any peektures? What is OMV and COE? ↡ Advertisement Link to post Share on other sites More sharing options...
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