Kia Stonic

[Spring]

About 17K. Parf is not 17000/2 by the way.

VES is $10k rebate?

[RogerNg_185295]

Yes Sir. You are right. The PARF is super low.

VES is $10k rebate?

 

[Midorima]

Yes Sir. You are right. The PARF is super low.

 

The PARF is low, but got to see the final price of the car and depre. PARF is not the main consideration for buying a car. Low because of VES rebate, and u have a net gain of 5k still because of the rebate.

 

At 77k, must say the specs and equipment are quite good. Road tax and FC should be good too. 

[kelaihoyin]

The PARF is low, but got to see the final price of the car and depre. PARF is not the main consideration for buying a car. Low because of VES rebate, and u have a net gain of 5k still because of the rebate.

 

At 77k, must say the specs and equipment are quite good. Road tax and FC should be good too. 

 

Yea at 80k is almost on par with the Cerato SX less some features like ventilated and powered seats. 

 

Maybe interior space bit smaller than that but that 1.0T shld be a better car to drive.

[Angcheek]

VES is $10k rebate?

 

its deducted from your parf I think    I felt cheated 

[Bride2012]

Is it worth getting? I'm concern of the resale as parf is so low.

[RogerNg_185295]

Is it worth getting? I'm concern of the resale as parf is so low.

Do you intend to drive the full 10 yrs? Is your job stable? What are your financial commitments like? These are the questions you have to ponder over

[Bride2012]

Do you intend to drive the full 10 yrs? Is your job stable? What are your financial commitments like? These are the questions you have to ponder over

If I dont intend to drive 10 full years i shouldn't consider this car? Was told that depreciation is 6600.

 

Is Mazda 3 hatchback a better one than this? Price has been slashed quite alot lately.

[teomingern]

If I dont intend to drive 10 full years i shouldn't consider this car? Was told that depreciation is 6600.

 

Is Mazda 3 hatchback a better one than this? Price has been slashed quite alot lately.

I mean if you intend to sell at year 5 when the PARF rebate is still 100%, then of course that would be a consideration... but if you like me intend to drive to the end of COE then it's less important point to consider...

[RogerNg_185295]

I mean if you intend to sell at year 5 when the PARF rebate is still 100%, then of course that would be a consideration... but if you like me intend to drive to the end of COE then it's less important point to consider...

Year 5 is the year of lesser loss?

[Wormee]

I mean if you intend to sell at year 5 when the PARF rebate is still 100%, then of course that would be a consideration... but if you like me intend to drive to the end of COE then it's less important point to consider...

For cars less than 5 years, the PARF rebate is 75%. Not 100%.

 

And to be clear, rebate is based on ARF (Additional Registration Fee). PARF is the rebate amount whereas ARF is the condition used to calculate PARF.

 

E.g. if your OMV is 20K with a VES rebate or 10K, your ARF is only 10K. So PARF at the end of 10 years would be 5K. But if there is VES surcharge of 10K, your ARF would be 30K. PARF value will still be your original ARF without considering the surcharge.

 

On top of that, the calculation would be more complicated if your OMV is >20K. ARF would be 100% for up to 20K and 140% for the next 30K, 180% for rest of the OMV above 50K.

 

Cheers.

Edited December 13, 2018 by Wormee

[Roh96]

Ask those car owners with normal parf (without VES/CEV rebate). I am sure they will tell u the resale value of their cars sucks, especially now. Tio bo?

 

[Midorima]

Ask those car owners with normal parf (without VES/CEV rebate). I am sure they will tell u the resale value of their cars sucks, especially now. Tio bo?

 

Resale drop especially for cars bought past few years, because coe drop so much. So yes haha. Not only cos of PARF.

[Cheefarn]

Is it worth getting? I'm concern of the resale as parf is so low.

Damn another sinkie who buys cars to please the used car dealers.

 

In today's used cars climate can anyone claim they can command excellent resale value of ANY cars at all? Its all scrap + maybe $5000 

 

We will drive the cars we have for full 10 yrs or at least close to 10 yrs.. period. Only then when your depreciation be manageable. 

[Huuray]

Damn another sinkie who buys cars to please the used car dealers.

 

In today's used cars climate can anyone claim they can command excellent resale value of ANY cars at all? Its all scrap + maybe $5000 

 

We will drive the cars we have for full 10 yrs or at least close to 10 yrs.. period. Only then when your depreciation be manageable. 

 

Fully agree.... Regardless of what car we buy, what's  the COE, the dealers will always spin enough stories to lowball the sellers..

[Cheefarn]

Fully agree.... Regardless of what car we buy, what's  the COE, the dealers will always spin enough stories to lowball the sellers..

And selling to used car dealers or doing a so called 'trade in' at AD is the worst possible way to get any resale value for your car. 

 

AD job is to sell new cars, they are not obliged to get u a good deal for your existing car for it makes no economic sense to them. 

 

And used car dealers need to lowball you as much as possible largely becos of SG unique vehicle ownership climate Cars depreciate at or over $10k per yr. You won't find such scary dep figures in any other countries.

 

If they can't resell your car quickly, they face the prospect of a fast dep 'asset' that would very well make them incur steep losses within a short period of time. A 6-8 mths wait at the parking lot is a death trap for most dealers. 

 

And with Cat A n B COE prices going down for the foreseeable future, and with more pple getting stuck with their existing cars with high COE, new car prices will be going down gradually. Who then, would they be in their right mind, to pay more or nearly the same for a used cars of yours? And mind u, used cars loan premiums are way higher than new, and for people looking for used cars, they obviously have limited budget on hand. It is even more unlikely that they will plonk down big money for your used cars at a price that you expect. 

 

This is the reality bro. The Stonic is a great little car, too small for 4 big sized adults probably, but for people who are single or just a couple, the Stonic is a great buy considering the amount of kit and overall tech you are getting for the price. The SX model is the one to go for. 

 

You buy it becos you like it and you can afford it. Not becos of SMLJ resale value. That applies to all new cars these days. 

[RogerNg_185295]

And selling to used car dealers or doing a so called 'trade in' at AD is the worst possible way to get any resale value for your car.

 

AD job is to sell new cars, they are not obliged to get u a good deal for your existing car for it makes no economic sense to them.

 

And used car dealers need to lowball you as much as possible largely becos of SG unique vehicle ownership climate Cars depreciate at or over $10k per yr. You won't find such scary dep figures in any other countries.

 

If they can't resell your car quickly, they face the prospect of a fast dep 'asset' that would very well make them incur steep losses within a short period of time. A 6-8 mths wait at the parking lot is a death trap for most dealers.

 

And with Cat A n B COE prices going down for the foreseeable future, and with more pple getting stuck with their existing cars with high COE, new car prices will be going down gradually. Who then, would they be in their right mind, to pay more or nearly the same for a used cars of yours? And mind u, used cars loan premiums are way higher than new, and for people looking for used cars, they obviously have limited budget on hand. It is even more unlikely that they will plonk down big money for your used cars at a price that you expect.

 

This is the reality bro. The Stonic is a great little car, too small for 4 big sized adults probably, but for people who are single or just a couple, the Stonic is a great buy considering the amount of kit and overall tech you are getting for the price. The SX model is the one to go for.

 

You buy it becos you like it and you can afford it. Not becos of SMLJ resale value. That applies to all new cars these days.

How you know Coe prices going down in the future? You are just assuming only

[Cheefarn]

How you know Coe prices going down in the future? You are just assuming only

Well how do you know it is not? Your assumptions to the otherwise is as good as mine right?