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Car pricing on sgcarmart and actual dealer pricing?

Zyklon

By Zyklon,
in General Car Discussion

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Forte3737

Forte3737

5th Gear

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.

 

 

 

Ideas form beliefs,

Beliefs give hopes,

Hopes produce irrationalities.

 

 

Total insanity for those buying 2nd hand cars, while waiting for coe to fall.they are just letting car dealers chop carrot.

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AKB48

AKB48

1st Gear

Total insanity for those buying 2nd hand cars, while waiting for coe to fall.they are just letting car dealers chop carrot.

Willing buyers, willing sellers
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Blacksnow

Blacksnow

4th Gear

Maybe the plate?

 

Nice 26 Years Old Bidded Number 808

I don't think its the plate.

 

I notice this for many cars that are expiring in a month or so.

 

So that's why I am asking if I am missing anything here

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James996

James996

4th Gear
(edited)

This shop is famous for COE renewal cars. Their prices include COE for 5 years.

COE hasn't been extended yet cause there are no buyer yet, in worse case, they can scrap and get the parf.

 

Edited by James996
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Spring

Spring

Moderator

This shop is famous for COE renewal cars. Their prices include COE for 5 years.

COE hasn't been extended yet cause there are no buyer yet, in worse can, they can scrap and get the parf.

If they want to include 5 year COE in the price, they shld have stated it as we shouldn't assume. So this advert is misleading to say the least.

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Carnoob

Carnoob

Supercharged

but the coe hasn't been extended yet

One more month left, who would buy? Of course quote price based on extended COE lah.

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James996

James996

4th Gear

If they want to include 5 year COE in the price, they shld have stated it as we shouldn't assume. So this advert is misleading to say the least.

 

I thought they did in the adverts?

I went down to see as I was looking for these cars (going to scrap, renew 5 years COE) in last Dec.

 

I haven see used cars section since Feb after I decided to get new one instead.

 

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Ct3833

Ct3833

Supersonic

http://www.sgcarmart.com/used_cars/info.php?ID=569421&DL=2881

 

Can someone explain how this pricing works?

 

The PARF for this is about $15k.

The body value max is about 5k.

 

Why is the seller selling at 49k?

Even if he sells it at 10k discount, the car will still cost 39k.

 

Am I missing something here?

He is not selling a car, instead he is selling a 26 year old license plate number .

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Spring

Spring

Moderator

He is not selling a car, instead he is selling a 26 year old license plate number .

 

Surely that no. can't be worth that much?

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merc280v6

merc280v6

6th Gear

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.

Yup - in that order of magnitude lah.

Trade-in quotes from used car dealers (for a typical B&B car) from my personal experience, as follows:

- 6 year old: paper + $10K

- 7 year old: paper + $5K

- 8 year old: paper + $1.5K

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