jhnology 1st Gear June 24 Share June 24 What is the average range of brand new Japanese car depreciation rate? Ppl always say car deprec highest in first 2 years? 1 year old: XX% 2 year old: XX% 3 year old: XX% 4 year old: XX% 5 year old: XX% 6 year old: XX% 7 year old: XX% 8 year old: XX% 9 year old: XX% ↡ Advertisement Link to post Share on other sites More sharing options...
D3badge 6th Gear June 24 Share June 24 Your question is very deep. Between Japanese cars brand there are B&B to premium cars, and within the same brand you can have cars ranges from $100k++ to $400K eg. Toyota thus no average depreciation! Market supply and demand play into Toyota Altis to 400k Alphard and supra have different depreciation too! 1 3 Link to post Share on other sites More sharing options...
jhnology 1st Gear June 24 Author Share June 24 On 6/24/2024 at 7:43 PM, D3badge said: Your question is very deep. Between Japanese cars brand there are B&B to premium cars, and within the same brand you can have cars ranges from $100k++ to $400K eg. Toyota thus no average depreciation! Market supply and demand play into Toyota Altis to 400k Alphard and supra have different depreciation too! Wah. Didnt know is so complex. Will it be easier if use Toyota Altis as discussion point? Link to post Share on other sites More sharing options...
Kklee 6th Gear June 24 Share June 24 IMHO. I think also have to see mileage. 1 2 Link to post Share on other sites More sharing options...
inlinesix Hypersonic June 24 Share June 24 Maybe check Sgcarmart for reference 1 Link to post Share on other sites More sharing options...
Voodooman Supersonic June 24 Share June 24 (edited) Is this a school project? 😂 Assuming hold to maturity, 10%.p.a. loh. Hold to trade, really depends on the make, economic cycle, COE prices, etc. If EV, the anti EV camp will tell you it will fully depreciate in year 3. 😂😂😂 Edited June 24 by Voodooman 11 Link to post Share on other sites More sharing options...
Carbon82 Moderator June 24 Share June 24 A very complex question where even a genius cannot provide a 100% correct answer. There's too many variables at play, such as conditions of the car, popularity of the brand / model, market demand, COE movement, dealer profits level, government policy / tax structure, so on. In general, once the car is out of the showroom, immediately lost 15 - 20% of its value. By the 3rd year, you can assume it will depreciate by at least 40%. From 7th year onwards, expect just the PARF value + COE rebate. This is generally applicable for B&B model and when trading in to AD / used car dealer. The only exception is when COE premium is shooting through the roof. Even a 4 - 5 year old car can sell at profit, no joke. 9 2 Link to post Share on other sites More sharing options...
Jamesc Hypersonic June 24 Share June 24 Drive a new car out of the show room and it's worth $10,000 less. 1 Link to post Share on other sites More sharing options...
Maxus-MIFA9 Supersonic June 24 Share June 24 On 6/24/2024 at 11:01 PM, Jamesc said: Drive a new car out of the show room and it's worth $10,000 less. No need even to drive out of AD. The moment they handed over the car key, its already depreciated 1 Link to post Share on other sites More sharing options...
ER-3682 Twincharged June 24 Share June 24 On 6/24/2024 at 10:51 PM, Carbon82 said: A very complex question where even a genius cannot provide a 100% correct answer. There's too many variables at play, such as conditions of the car, popularity of the brand / model, market demand, COE movement, dealer profits level, government policy / tax structure, so on. In general, once the car is out of the showroom, immediately lost 15 - 20% of its value. By the 3rd year, you can assume it will depreciate by at least 40%. From 7th year onwards, expect just the PARF value + COE rebate. This is generally applicable for B&B model and when trading in to AD / used car dealer. The only exception is when COE premium is shooting through the roof. Even a 4 - 5 year old car can sell at profit, no joke. If wanted to know how much lost in the 1st, 1-2 Years,this Question can ask @RadXbecause He changed Cars very often. 1 6 Link to post Share on other sites More sharing options...
Mockngbrd Supersonic June 24 Share June 24 On 6/25/2024 at 6:52 AM, Maxus-MIFA9 said: No need even to drive out of AD. The moment they handed over the car key, its already depreciated Unless Coe 200k 5 Link to post Share on other sites More sharing options...
Inlinefour Twincharged June 25 Share June 25 (edited) On 6/24/2024 at 10:51 PM, Carbon82 said: A very complex question where even a genius cannot provide a 100% correct answer. There's too many variables at play, such as conditions of the car, popularity of the brand / model, market demand, COE movement, dealer profits level, government policy / tax structure, so on. In general, once the car is out of the showroom, immediately lost 15 - 20% of its value. By the 3rd year, you can assume it will depreciate by at least 40%. From 7th year onwards, expect just the PARF value + COE rebate. This is generally applicable for B&B model and when trading in to AD / used car dealer. The only exception is when COE premium is shooting through the roof. Even a 4 - 5 year old car can sell at profit, no joke. not for mine cos coe 150k period dealer still quote me paper + body although coming 4 years old under warranty with service too 🤫🤫🤫 once over 5 years old lagi worse so drive till coe expired better never make a single cent before only pants dropped 🤣🤣🤣 in SG unless deep pocket buy unique rare models then maybe can make or break even but super high risk too my 2ml worth of ron92 best is BMW aka Bus MRT Walk no depreciation 🤑🤑🤑 Edited June 25 by Inlinefour Link to post Share on other sites More sharing options...
Inlinefour Twincharged June 25 Share June 25 On 6/24/2024 at 9:47 PM, inlinesix said: Maybe check Sgcarmart for reference one careful lady doctor owner only for grocery shopping 🤫🤫🤫 8 Link to post Share on other sites More sharing options...
Jamesc Hypersonic June 25 Share June 25 Terrible dealer. I would have given you paper plus body plus $10,000.00 On 6/25/2024 at 11:02 AM, Inlinefour said: not for mine cos coe 150k period dealer still quote me paper + body although coming 4 years old under warranty with service too 🤫🤫🤫 once over 5 years old lagi worse so drive till coe expired better never make a single cent before only pants dropped 🤣🤣🤣 in SG unless deep pocket buy unique rare models then maybe can make or break even but super high risk too my 2ml worth of ron92 best is BMW aka Bus MRT Walk no depreciation 🤑🤑🤑 1 Link to post Share on other sites More sharing options...
Jamesc Hypersonic June 25 Share June 25 On 6/25/2024 at 11:05 AM, Inlinefour said: one careful lady doctor owner only for grocery shopping 🤫🤫🤫 All my cars are driven by retired school teachers. Very wild school teachers who fit quad exhaust and spot rims and big ass spoilers. Why teachers not allowed to zing up their cars like anyone else huh? 5 Link to post Share on other sites More sharing options...
Soya Supersonic June 25 Share June 25 Whatever TS read from overseas textbooks, can throw away Only in Sg where used cars annual depre can be same or even higher than new car 2 1 1 Link to post Share on other sites More sharing options...
kobayashiGT Internal Moderator June 25 Share June 25 You full cash and take loan, the depreciation rate will be different too. Full cash will be a straight line, how much money divide by the years of lease. Loan wise, you need to factor in the upfront loan amount you have paid. 1 Link to post Share on other sites More sharing options...
Beehive3783 Turbocharged June 25 Share June 25 COE price and OMV will also affect the depreciation for the same car model registered in different months. So the most straightforward way is to use straight line depreciation over 10 years, with the following variables 1. do you want to include PARF rebate into the depreciation calculation? 2. do you want to include loan interest paid into the calculation? ↡ Advertisement 1 Link to post Share on other sites More sharing options...
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