Price of march 2003 jazz?

[Eclipze99]

Hi pple,

 

Would anyone be able to tell me what would have been the selling price of a Mar 2003 honda jazz when it was sold brand new at that point in time. The OMV is about $16000 and the COE was about $28000.

 

I am looking at this Jazz now. The dealer has quoted me a price of about $56800. Would appreciate any feedback/advise if this price is too high or reasonable.

 

Thanks a lot!!

[Mobilo]

Hi,

 

For this Jazz, the PARF rebate should be $10400 at the end of 10 years.

 

So in theory the yearly depreciation is:

 

(56800 - 10400) / 8 years = $5800 (per year)

 

For a new Jazz Auto at $67500, PARF rebate is $8800, theoretical yearly depreciation is:

 

(67500 - 8800) / 10 years = $5870 (per year)

 

So depreciation wise, it is similar to a new car, maybe can consider buying

a new one? :)