beninsing Clutched April 13, 2018 Share April 13, 2018 Hi, There's something i don't understand and need help. 1 year ago (april 2017), i bought a second hand, 4 years old, Audi Q3 for 98k$ with a depre of 13+k/yr. i'm thinking of selling it now to reduce my monthly and overall car cost (around 1.65k/mth incl loan, petrol, road tax, insurance, cashcard...). i've inquired a couple of dealer and the best they offer is a whopping ... 71k (-27k from a year ago purchase)!! i understand they need to feed their family and all but more than twice the depre? Now, my questions are 1) should i sell and find a very affordable suv (my wife request) and kinda losing 13+k (27k - depre) in the process? 2) could i catch higher price by ... dereg or scrap or sell oversea? 3) sell directly? ... but i'm worried about paper work, 10 or more people trying, ... 4) other option beside keeping it? Thanks, Ben ↡ Advertisement 2 Link to post Share on other sites More sharing options...
BabyBlade Internal Moderator April 13, 2018 Share April 13, 2018 Started a topic for you. Good luck! 3 Link to post Share on other sites More sharing options...
Beehive3783 Turbocharged April 13, 2018 Share April 13, 2018 Go and check your scrap value. Dereg within 5 years can get back bulk of your ARF Link to post Share on other sites More sharing options...
camrysfe 5th Gear April 13, 2018 Share April 13, 2018 (edited) Hi, There's something i don't understand and need help. 1 year ago (april 2017), i bought a second hand, 4 years old, Audi Q3 for 98k$ with a depre of 13+k/yr. i'm thinking of selling it now to reduce my monthly and overall car cost (around 1.65k/mth incl loan, petrol, road tax, insurance, cashcard...). i've inquired a couple of dealer and the best they offer is a whopping ... 71k (-27k from a year ago purchase)!! i understand they need to feed their family and all but more than twice the depre? Now, my questions are 1) should i sell and find a very affordable suv (my wife request) and kinda losing 13+k (27k - depre) in the process? 2) could i catch higher price by ... dereg or scrap or sell oversea? 3) sell directly? ... but i'm worried about paper work, 10 or more people trying, ... 4) other option beside keeping it? Thanks, Ben Is your car 4 or 5 years old now? The best time to export the car will be around 5 years mark. You can try to sell in on sgcarmart. Edited April 13, 2018 by camrysfe 1 Link to post Share on other sites More sharing options...
RogerNg_185295 6th Gear April 13, 2018 Share April 13, 2018 Hi, There's something i don't understand and need help. 1 year ago (april 2017), i bought a second hand, 4 years old, Audi Q3 for 98k$ with a depre of 13+k/yr. i'm thinking of selling it now to reduce my monthly and overall car cost (around 1.65k/mth incl loan, petrol, road tax, insurance, cashcard...). i've inquired a couple of dealer and the best they offer is a whopping ... 71k (-27k from a year ago purchase)!! i understand they need to feed their family and all but more than twice the depre? Now, my questions are 1) should i sell and find a very affordable suv (my wife request) and kinda losing 13+k (27k - depre) in the process? 2) could i catch higher price by ... dereg or scrap or sell oversea? 3) sell directly? ... but i'm worried about paper work, 10 or more people trying, ... 4) other option beside keeping it? Thanks, Ben Dealers are your last resort. They will slaughter your price like crazy, regardless of your car condition. Do make an effort to list on sgcarmart for a better price. In the ad, please put no dealers Link to post Share on other sites More sharing options...
beninsing Clutched April 13, 2018 Author Share April 13, 2018 Is your car 4 or 5 years old now? The best time to export the car will be around 5 years mark. You can try to sell in on sgcarmart. My car is now 5 years old. I just went to check. There are 3 ways correct? post an ad ($58), bidding or consignment (?). I will probably do 1st and last this weekend. Thanks for the tip. Dealers are your last resort. They will slaughter your price like crazy, regardless of your car condition. Do make an effort to list on sgcarmart for a better price. In the ad, please put no dealers Thanks for the tip. I will try to post an ad and try consignment as well. Not sure how consignment works but i'll check. Link to post Share on other sites More sharing options...
t0y0ta Supercharged April 13, 2018 Share April 13, 2018 Hi, There's something i don't understand and need help. 1 year ago (april 2017), i bought a second hand, 4 years old, Audi Q3 for 98k$ with a depre of 13+k/yr. i'm thinking of selling it now to reduce my monthly and overall car cost (around 1.65k/mth incl loan, petrol, road tax, insurance, cashcard...). i've inquired a couple of dealer and the best they offer is a whopping ... 71k (-27k from a year ago purchase)!! i understand they need to feed their family and all but more than twice the depre? Now, my questions are 1) should i sell and find a very affordable suv (my wife request) and kinda losing 13+k (27k - depre) in the process? 2) could i catch higher price by ... dereg or scrap or sell oversea? 3) sell directly? ... but i'm worried about paper work, 10 or more people trying, ... 4) other option beside keeping it? Thanks, Ben As other bros have pointed out, you can try other means to advertise and get better prices than dealer. BUT.... at best you save a few more k depreciation. I believe you will need to pay at least 20k depre for your 1 year of usage. More if there is current issues with your ride (perhaps that is why you want to get rid of it). Holding a car (1st or 2nd or nth hand) for short time like 1 year ... you are guaranteed to lose big big as dealers will lowball you everytime they transact. Do note 2nd/3rd hand Audis are risky business for them to take in, as market perception of the reliability is very poor and they may need long holding period or lelong price to move the stock. So honestly if you can, and the ride is holding up, drive the car longer and you may lose a bit less than selling now and jumping on board another new ride/liability. If you are selling away to move to taxi/grab/uber/mrt, then that is good financial sense, just absorb the hit and sell off. Dereg option is stupid.... of course if you sell to dealer you are getting dereg $$ + some extra. They also know if they offer you less than dereg cost, you can just dereg it and get the cash directly. 5 Link to post Share on other sites More sharing options...
Freeder Hypersonic April 13, 2018 Share April 13, 2018 May we know what's ur asking price? MAybe some pf our MCfers here are interested... Dun worry , all full cash one::))) 3 Link to post Share on other sites More sharing options...
Pocy Hypersonic April 13, 2018 Share April 13, 2018 Be realistic on the loss and make your choice wisely if you were to move on. Link to post Share on other sites More sharing options...
merc280v6 6th Gear April 13, 2018 Share April 13, 2018 >5 year Audi and VW resale will be near dereg parity lah. Dealers will all peg their offers similarly and severally. Don’t even push your luck, pal! 1 Link to post Share on other sites More sharing options...
Kyrios Turbocharged April 13, 2018 Share April 13, 2018 Ok leh...why sell? this car high SES.. Link to post Share on other sites More sharing options...
Darkseed73 Clutched April 13, 2018 Share April 13, 2018 (edited) Hi TS, I have a few questions, 1) Did u first get a free car quote from SGCar Mart? 2) Have u consider doing a STA certified car eval? Sometimes it's easier to sell the car if u had done a car eval to certifed it's accident free etc 3) Did u go showroom and check if trade in how much it's worth? (Maybe u wanted to downsize to a cheaper car?) 4) You should ask your friends or relatives if they are interested in buying over. Example my friends know I am a super safe driver and take best care of my car. When I want to change car, they will be the first to be interested to take over. Yeah, dealer sure wants to earn from u but they normally add some buffer becos of the risk they have to take. Edited April 13, 2018 by Darkseed73 2 Link to post Share on other sites More sharing options...
Hamburger Hypersonic April 13, 2018 Share April 13, 2018 Did a rough calculation of 12k/yr + parf of 20k Selling close 78k is possible for a 5yr old Q3. Link to post Share on other sites More sharing options...
Surferguy1978 1st Gear April 14, 2018 Share April 14, 2018 i understand they need to feed their family and all but more than twice the depre? this is true. i am also contemplating selling my ride of 1.5yrs and asking around, dealer take in at depreciation + (buffer and profit). buffer and profit can be around 10-15k AD trade in price that i encountered is even worst.... i think the best is to sell yourself but this might take some time... i'm also hearing that in July 18, car price will increase due to VES again... 1 Link to post Share on other sites More sharing options...
Freeder Hypersonic April 14, 2018 Share April 14, 2018 Hi, There's something i don't understand and need help. 1 year ago (april 2017), i bought a second hand, 4 years old, Audi Q3 for 98k$ with a depre of 13+k/yr. i'm thinking of selling it now to reduce my monthly and overall car cost (around 1.65k/mth incl loan, petrol, road tax, insurance, cashcard...). i've inquired a couple of dealer and the best they offer is a whopping ... 71k (-27k from a year ago purchase)!! i understand they need to feed their family and all but more than twice the depre? Now, my questions are 1) should i sell and find a very affordable suv (my wife request) and kinda losing 13+k (27k - depre) in the process? 2) could i catch higher price by ... dereg or scrap or sell oversea? 3) sell directly? ... but i'm worried about paper work, 10 or more people trying, ... 4) other option beside keeping it? Thanks, Ben Ur Q3 is 1.4 or 2 liters?If 2l , will be much easier let go... Link to post Share on other sites More sharing options...
Friendstar Supercharged April 14, 2018 Share April 14, 2018 I kana before. I just bit the bullet. Thinking back. It's silly. But ok la. Car prices plunge now Link to post Share on other sites More sharing options...
Lala81 Hypersonic April 14, 2018 Share April 14, 2018 Haha I went to kah motor today to test drive the jazz. The se say best they can do for my Jan 15 car is 5k above paper value. Lol... Link to post Share on other sites More sharing options...
Watwheels Supersonic April 14, 2018 Share April 14, 2018 (edited) I think it's unrealistic to try to sell based on the price that you have bought the car a year ago. The used car value is always based on the parf + depreciated coe. That is what any dealer will offer you. Ppl tend to say dealer low ball you whatever, No, they are quoting you the paper value, nothing more nothing less. Of course when they sell they will mark up becoz they are running a business not a charity. If you do not want to go thru a dealer the best is you do the selling on your own. You learn to do the paperwork. No free option. It's the same. If you try selling it on your own ppl will low ball you too. These ppl will likely know how to calculate the paper value and offer only a bit more dan paper. They couldn't care less how much you bought it a year ago. The car is already 5years old. Major parts will need replacements. And Audi parts are famous for costing a bomb. Your call. I'm sure you will be able to see and compare. Edited April 14, 2018 by Watwheels ↡ Advertisement 2 Link to post Share on other sites More sharing options...
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