Micb 5th Gear June 2, 2014 Share June 2, 2014 I am also monitoring the market to probably change my ride to a preowned. One good example of irrational pricing for preown is this: http://www.sgcarmart.com/used_cars/info.php?ID=394478&DL=2194 When I first started looking at this a few weeks back, it was 77.8k, then it dropped to 76.8k and now it increased to 78.8k ! Simply no logic in used car pricing. All prospective preowned cars buyer have to do their homework diligently. Cheers! ↡ Advertisement Link to post Share on other sites More sharing options...
Raymondism Twincharged June 2, 2014 Share June 2, 2014 bro....keep me in the loop. 2 friends of mine looking to change their ALtises of 2004.... i hv 2005 altis wanna buy or not... cheap parf + 1.5 yr depreciation LOL actually it goes both ways. Cos now my may 08 altis still can get above 40k for trade in. When i paid 67k for it... Of course they still earn. But many 2nd hand car now the depreciation is terrible. Quite close to new cars esp Cat A cars. Sigh... I'm looking to sell off my 2008 altis. Hopefully can find someone to buy hehe. take Parf plus number of years left x yearly depreciation say 10k + 4yrs x 8K depreciation u can ask for 50K at least according car dealer logic Link to post Share on other sites More sharing options...
13177 Hypersonic June 2, 2014 Share June 2, 2014 i hv 2005 altis wanna buy or not... cheap parf + 1.5 yr depreciation LOL 2005 altis scrapping next year le, if buy now then have to worry to look for car again 1 year plus later! If I get used car, at least must get 08 onwards. Link to post Share on other sites More sharing options...
Yaloryalor 5th Gear June 2, 2014 Share June 2, 2014 I am also monitoring the market to probably change my ride to a preowned. One good example of irrational pricing for preown is this: http://www.sgcarmart.com/used_cars/info.php?ID=394478&DL=2194 When I first started looking at this a few weeks back, it was 77.8k, then it dropped to 76.8k and now it increased to 78.8k ! Simply no logic in used car pricing. All prospective preowned cars buyer have to do their homework diligently. Cheers! Agree. Have to do homework. Not necessary worth to buy used cars from these dealers. I see many 2 years old C180 with about the same depreciation as new C180. Link to post Share on other sites More sharing options...
Raymondism Twincharged June 2, 2014 Share June 2, 2014 2005 altis scrapping next year le, if buy now then have to worry to look for car again 1 year plus later! If I get used car, at least must get 08 onwards. next yr elections... COE will drop abit... 1 Link to post Share on other sites More sharing options...
Hosaybo 6th Gear June 2, 2014 Share June 2, 2014 Think right now, even cars with 1 or 2 years left is sold at 6-7K per year depreciation but dealers take in at scrap value+body only. Dun see the price softening cos there is demand. alot of car owners are turning to 2nd hand cars, esp those die die want to drive ones but not willing or cannot affotd brand new. The demand is the result of the price resistance which is likely to continue. Link to post Share on other sites More sharing options...
Enye Hypersonic June 2, 2014 Share June 2, 2014 better to buy new when COE supply is high so as to catch the wave again 10 years later rather than buy an 08 car and then find the COE prices too high again 4 years later when car is due to scrap Link to post Share on other sites More sharing options...
13177 Hypersonic June 2, 2014 Share June 2, 2014 better to buy new when COE supply is high so as to catch the wave again 10 years later rather than buy an 08 car and then find the COE prices too high again 4 years later when car is due to scrap New car can buy only if you are cash rich, cause need to pay the 40-50% downpayment in cash of the car price. This is the reason that deter so many people from switching to used car, cause if buy used car the most downpayment you are paying is 20-30k. 1 Link to post Share on other sites More sharing options...
mdgg 2nd Gear June 19, 2014 Share June 19, 2014 A vast majority, like myself, anticipate that the COE will drop to around 30K range in 3 years time. Assuming the hypothesis is true, buying a relatively high preowned car now with dp around 10K make alot of sense. Because in 3 years time, you will enjoy an absolute saving of 30K-40K in COE premium. That equates to driving the preown car free for 3 years! IMHO, this is one major factor that keeps the preowned car price high at this point of time. Link to post Share on other sites More sharing options...
Kspchew 2nd Gear June 19, 2014 Share June 19, 2014 A vast majority, like myself, anticipate that the COE will drop to around 30K range in 3 years time. Assuming the hypothesis is true, buying a relatively high preowned car now with dp around 10K make alot of sense. Because in 3 years time, you will enjoy an absolute saving of 30K-40K in COE premium. That equates to driving the preown car free for 3 years! IMHO, this is one major factor that keeps the preowned car price high at this point of time. 2 groups of vast majorities, one group just bought or bought when COE is high, they are hoping COE would not drop. Another group, whose cars are approaching D-day soon and they are hoping COE would drop. Bottomline, if you are able to afford a new car without having sleepless night, buy it, as you only live once, live life without regrets If new car is not affordable, there are always alternatives. In other countries, they are worried if they are able to live another day or have their daily bread, here in SG, we are uniquely worrying the price of CoE. 1 Link to post Share on other sites More sharing options...
Quirky 3rd Gear June 19, 2014 Share June 19, 2014 With apps like Uber or GrabTaxi, why would anyone worry about losing the convenience of car ownership? Oh, it's the face value yah? Now for that app to indicate your wealth status! Link to post Share on other sites More sharing options...
Contax 1st Gear June 19, 2014 Share June 19, 2014 With apps like Uber or GrabTaxi, why would anyone worry about losing the convenience of car ownership? Oh, it's the face value yah? Now for that app to indicate your wealth status! Are you a car owner yourself ? Car ownership gives you the flexibility to decide how , when you want to travel from point A to B and detour if needs arises . Face vales? Perhaps .. it is the convenience that count. Link to post Share on other sites More sharing options...
L23 6th Gear June 19, 2014 Share June 19, 2014 (edited) 2 groups of vast majorities, one group just bought or bought when COE is high, they are hoping COE would not drop. Another group, whose cars are approaching D-day soon and they are hoping COE would drop. Bottomline, if you are able to afford a new car without having sleepless night, buy it, as you only live once, live life without regrets If new car is not affordable, there are always alternatives. In other countries, they are worried if they are able to live another day or have their daily bread, here in SG, we are uniquely worrying the price of CoE. Why would the group who just bought when the COE is high hoping COE would not drop leh? This is a very selfish yet stupid way of thinking. They are given a choice to wait or buy. They chose the latter and now they are crying over this? Life is always this way.. U can't win it everytime . Since you have bought it, just enjoy the car and if COE is diving to a level which trigger you to go in and buy another new car, go for it then! Edited June 19, 2014 by L23 Link to post Share on other sites More sharing options...
Penknife 5th Gear June 19, 2014 Share June 19, 2014 Are you a car owner yourself ? Car ownership gives you the flexibility to decide how , when you want to travel from point A to B and detour if needs arises . Face vales? Perhaps .. it is the convenience that count. convenience? try being in a jam for 2 hours. lots of bikers would have already reached their destination. Link to post Share on other sites More sharing options...
Galantspeedz Turbocharged June 19, 2014 Share June 19, 2014 convenience? try being in a jam for 2 hours. lots of bikers would have already reached their destination. but not necessarily all will reach safely Why would the group who just bought when the COE is high hoping COE would not drop leh? This is a very selfish yet stupid way of thinking. They are given a choice to wait or buy. They chose the latter and now they are crying over this? Life is always this way.. U can't win it everytime . Since you have bought it, just enjoy the car and if COE is diving to a level which trigger you to go in and buy another new car, go for it then! name me 1 person that is not selfish Link to post Share on other sites More sharing options...
Hamburger Hypersonic June 19, 2014 Share June 19, 2014 but not necessarily all will reach safely name me 1 person that is not selfish pork seller??? Link to post Share on other sites More sharing options...
L23 6th Gear June 19, 2014 Share June 19, 2014 but not necessarily all will reach safely name me 1 person that is not selfish The banker and the govt Link to post Share on other sites More sharing options...
Galantspeedz Turbocharged June 19, 2014 Share June 19, 2014 pork seller??? might as well say vege seller ↡ Advertisement Link to post Share on other sites More sharing options...
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