Car pricing on sgcarmart and actual dealer pricing?

[Zyklon]

Was looking for a used car which has 2-3 years left.

 

Seems like used cars with 2-3 years left have ridiculously high depreciation, some cases even higher than brand new cars or those that are 1-2 years old? This is especially so for the popular ones like altis and camry where you can get the brand new ones for lower depreciation, with warranty and 5 years free servicing.

 

I can understand the loan restriction probably pushed the price of these used cars up, but are this pricing really what is happening if I walk into a used car dealership?

[Wt_know]

more or less ... used car depreciation is trailing new car depreciation

used car dealer polish their knife sharp sharp to chop robert

because they know used car buyer cannot afford 40-50% downpayment

used car price might be low but the depreciation is as high as new car ... that's for sure

Edited April 8, 2015 by Wt_know

[Pioneer]

Expect to spend 12-13k on a BnB Jap car that are 7-9 years old.

 

Demand and Supply. People DIE DIE want to believe COE will go down so DIE DIE want to buy car with 2-3yrs of COE and DIE DIE want to buy toyota.

 

There are other cars that are not as popular but also quite reliable.

 

You gave yourself no choice and don't want to do research on cars. Of course, the dealers raise the price high high.

 

 

This is like you walk to the chopping board willingly and then complain you kenna chopped.

[Passat57]

We gave to consider the car's body price (if any) when calculating the scrap value of the 8 or 9 years old car.

[KumarB]

dont worry.

just go in and ask for discount of min 5k from the car price as ad in sgcm..they took in the car(for eg altis) at dep of 5k-6k but selling at sky high 10kdep.

 

let those unscrupulous dealers bleed to death unless their shop is used for washing money.

[Enye]

Was looking for a used car which has 2-3 years left.

 

Seems like used cars with 2-3 years left have ridiculously high depreciation, some cases even higher than brand new cars or those that are 1-2 years old? This is especially so for the popular ones like altis and camry where you can get the brand new ones for lower depreciation, with warranty and 5 years free servicing.

 

I can understand the loan restriction probably pushed the price of these used cars up, but are this pricing really what is happening if I walk into a used car dealership?

 

 

umm...walk into a few used car dealerships to check?

 

this is called due diligence

 

[Wt_know]

bleed to death? muahahaha

used car dealer business sibei flourish and too many roberts are waiting at chopping board

just like how AD price their new car with $70K coe ... you think no buyer?

if new car is priced with $70k coe ... used car aint going to be cheap ...

even for 1-2 years car because it is in comparison with new car price

 

dont worry.

just go in and ask for discount of min 5k from the car price as ad in sgcm..they took in the car(for eg altis) at dep of 5k-6k but selling at sky high 10kdep.

 

let those unscrupulous dealers bleed to death unless their shop is used for washing money.

 

Edited April 8, 2015 by Wt_know

[Matoonia]

Was looking for a used car which has 2-3 years left.

 

Seems like used cars with 2-3 years left have ridiculously high depreciation, some cases even higher than brand new cars or those that are 1-2 years old? This is especially so for the popular ones like altis and camry where you can get the brand new ones for lower depreciation, with warranty and 5 years free servicing.

 

I can understand the loan restriction probably pushed the price of these used cars up, but are this pricing really what is happening if I walk into a used car dealership?

 

People buy 2-3 years used cars is not looking at depreciation, is looking at affordability and downpayment. You give them new cars depreciation $5k they also cannot. On the other hand, same model left 1 year depreciation $10k they will happily grab

[Vhtfhwlego]

 

People buy 2-3 years used cars is not looking at depreciation, is looking at affordability and downpayment. You give them new cars depreciation $5k they also cannot. On the other hand, same model left 1 year depreciation $10k they will happily grab

illustrations purposes.

 

Balance 2 years conti - Parf $22k depreciation $8k = $38k

Balance 2 years Toyota - Parf $8 depreciation $12k = $32k.

 

D/P of $38k & $32K @ $15.2k / $12.8k.

Monthly of 60% loan @ $1003 / $844.8.

Differences: $158.20.

 

Average joe drives 20,000km.

Higher fuel cost per year (conti/jap) {20,000km/8km/l X $2.05 per l} {20,000km/11km/l X $2.05 per l} = $5125 / $3727 = $116.50 per month

 

Road tax $1178 / $742 = $36.3 per month.

 

Maintenance for a conti over jap $4k / $1 = $250 per month.

 

Sub Total of conti (in monthly) $ 1861.60

Sub Total of Jap (in monthly) $ 1300.55

 

All these small differences add up to min $ 561 per month more.

And not forgetting the insurance premium differences.

[Pioneer]

Not fair comparison. You should compare the same engine capacity continent and jap car.

 

Then I can use subaru legacy 2.5T vs citroen c1?

 

You are assuming continent car less fuel efficient, higher maintenance and larger CC.

 

I used to drive a fiat bravo t-jet 1.4l.

 

• Rd tax lower than altis (1.4 vs 1.6)
• FC better than altis (12-14km/l vs 11km/l)
• Servicing same price as altis
• Depreciation 4 k lower than altis (8k vs 12k)
• More powerful than altis
• Reliability also similar to altis (I only change a aircon blower for this car)

 

 

 

 

illustrations purposes.

 

Balance 2 years conti - Parf $22k depreciation $8k = $38k

Balance 2 years Toyota - Parf $8 depreciation $12k = $32k.

 

D/P of $38k & $32K @ $15.2k / $12.8k.

Monthly of 60% loan @ $1003 / $844.8.

Differences: $158.20.

 

Average joe drives 20,000km.

Higher fuel cost per year (conti/jap) {20,000km/8km/l X $2.05 per l} {20,000km/11km/l X $2.05 per l} = $5125 / $3727 = $116.50 per month

 

Road tax $1178 / $742 = $36.3 per month.

 

Maintenance for a conti over jap $4k / $1 = $250 per month.

 

Sub Total of conti (in monthly) $ 1861.60

Sub Total of Jap (in monthly) $ 1300.55

 

All these small differences add up to min $ 561 per month more.

And not forgetting the insurance premium differences.

 

Edited April 8, 2015 by Pioneer

[Pioneer]

You may want to go down and try your luck. See whether is it possible.

 

I have tried several times without success.

 

dont worry.

just go in and ask for discount of min 5k from the car price as ad in sgcm..they took in the car(for eg altis) at dep of 5k-6k but selling at sky high 10kdep.

 

let those unscrupulous dealers bleed to death unless their shop is used for washing money.

 

[Forte3737]

I reaaly wonder where the heck people got the idea that coe will go down?

Expect to spend 12-13k on a BnB Jap car that are 7-9 years old.

 

Demand and Supply. People DIE DIE want to believe COE will go down so DIE DIE want to buy car with 2-3yrs of COE and DIE DIE want to buy toyota.

 

There are other cars that are not as popular but also quite reliable.

 

You gave yourself no choice and don't want to do research on cars. Of course, the dealers raise the price high high.

 

 

This is like you walk to the chopping board willingly and then complain you kenna chopped.

 

[Ingenius]

Thats why this loan tightening policy by the government is a mistake and a failure. Car dealers till go around the rule and give high loan, so the rule only apply to new car and not used car. Used car dealers then exploit the fact that some people cannot pay deposit for new car, and so they have to go for high loan from used car dealer, and at a higher depreciation than new car. This policy is ill conveived and shows a lack of depth in the planners' analysis.

[Wt_know]

one believe what one wants to believe

 

 

I reaaly wonder where the heck people got the idea that coe will go down?

 

if new car can get 80-90% loan ... the simi called leased-buy scheme ... lol

 

Thats why this loan tightening policy by the government is a mistake and a failure. Car dealers till go around the rule and give high loan, so the rule only apply to new car and not used car. Used car dealers then exploit the fact that some people cannot pay deposit for new car, and so they have to go for high loan from used car dealer, and at a higher depreciation than new car. This policy is ill conveived and shows a lack of depth in the planners' analysis.

 

Edited April 8, 2015 by Wt_know

[Mrmilktooth]

why does this thread seem to be spamming??.. have same title around.. lol..

[Vhtfhwlego]

Not fair comparison. You should compare the same engine capacity continent and jap car.

 

Then I can use subaru legacy 2.5T vs citroen c1?

 

You are assuming continent car less fuel efficient, higher maintenance and larger CC.

 

I used to drive a fiat bravo t-jet 1.4l.

 

• Rd tax lower than altis (1.4 vs 1.6)
• FC better than altis (12-14km/l vs 11km/l)
• Servicing same price as altis
• Depreciation 4 k lower than altis (8k vs 12k)
• More powerful than altis
• Reliability also similar to altis (I only change a aircon blower for this car)

 

 

 

 

 

Toyota Camry 2.0 vs Alfa GT 2.0

Depreciation $11,000 (est) / $6,000 actual

Road Tax $1,210 / $ 1,178

Insurance $ 1,100 (est) / $ 1,400 actual

Fuel 36,000km $7,380 (est) / $ 7768.42 (actual).

Maintenance $2,000 (est) / $ 5,000 (actual).

Total: $ 22,690 / $ 21,346.42

[Zyklon]

Camry depreciation on used car market is closer to 13-14k...last time I trade-in mine at 8.5 years, only paper plus 1.5k.

[Pioneer]

Based on sgcarmart, used camry (05-06 registration) is about 13k.

 

So Jap vs Continent is

24690 vs 21346.42

 

So continent is cheaper contrary to what some people feel.

 

Toyota Camry 2.0 vs Alfa GT 2.0

Depreciation $11,000 (est) / $6,000 actual

Road Tax $1,210 / $ 1,178

Insurance $ 1,100 (est) / $ 1,400 actual

Fuel 36,000km $7,380 (est) / $ 7768.42 (actual).

Maintenance $2,000 (est) / $ 5,000 (actual).

Total: $ 22,690 / $ 21,346.42

 

Ideas form beliefs,

Beliefs give hopes,

Hopes produce irrationalities.

 

I reaaly wonder where the heck people got the idea that coe will go down?