2nd hand Vios... worth it?

[Suze]

http://www.sgcarmart.com/main/info-2AXR7mSf-1187.html

 

is this car worth the value??

[Vit4wd]

Worth its value cos of its high COE. That's about it.

 

Paper value now shd be about $26K. So you are paying $12K for body.

 

This is an outgoing old model. Prics shd drop further in future.

 

Try bargaining to $35K. Then it may be worth your while.

Edited April 1, 2007 by Vit4wd

[Pool100]

You could have gotten a brand new one for around $44k a month ago... not worth paying $38 for a 2 year+ old car IMO...

[Vit4wd]

He wants auto. Auto was $46K brand new a mth ago.

[Alfc]

imo, not worth, might as well get brand new since the depreciation of new owner is almost same as brand new. Becos the price of the car is closed to or based on str line depreciation, it's overprice. First owner must take at least 15% depre for each year of ownership.

 

High paper value is only good if u intend to sell in near short term (at least for scrapping). Otherwise will just add to higher annual ownership cost.

[Toyo]

its not worth, imo. the depreciation is almost the same as buying a new vios.

[Toyo]

12k for the body??? tat's a bit too much for a small body

[Hamtaroo]

Not Worth it price too high because,

assume deregister the car now 1Apr07,

 

From 1Apr07->28Jan15(when COE expire) = 7yrs 9.9mth or 93.9mth

 

COE Rebate = (20117 x 93.9) / 120 = $15741.55

PARF Rebate = (0.75 x 1.1 x 12597) = $10392.53

Paper Value = COE Rebate + PARF Rebate = $26134.08

 

Seller Selling For $38800 means body value = 38800 - 26134.08 = $12665.9

 

Old Vios Body Value with new Vios Model already out on 31Mar07

is $8-9K. You can ask any AD or PI or 2nd Hand Car how much they

take in body value Old vios think is 8K average now and a bit

more than that if you are lucky...

 

If it were me, body value i take as 7.5K so negotiate

$5165.9 down more which mean no profit for them kekekeke

 

Not worth it

Edited April 1, 2007 by Hamtaroo

[Toyo]

8K for body sounds reasonable. basically the resale value for a car is based on COE and PARF rebate plus body value.

[Schneider79]

8k is over rated... today's YOM 2004 VIOS body is 6k+ only...

[Alfc]

Agreed. So many times i wonder where is the logic that certain makes suppose to have "good resale value"??? End of the day the amt lost by the seller is almost the same % loss of his initial amt paid. Buy high, get a bit more, buy low, get a bit less. Zero sum game in the end. It may just all be a matter of perception.

[Vit4wd]

The ad by Borneo Motors says "Toyota - More Value Year after Year"

 

Which means that Toyotas appreciate in value year after year. The longer you use your Toyota, the higher resale value it can fetch.

[Suze]

http://www.sgcarmart.com/main/info-2AfY8lMS-1000.html

 

Or how about this colt? Unsure if i should get a 2nd hand or a brand new car. Still undecided.

[Toyo]

ic. 6k only? but i thk still better than most rides as my friend 3 yr old matrix body only abt 1.2k

[Toyo]

"good resale value" probably refer to cars that have strong demand hence pushing up the value

[Toyo]

this is a colt plus, my colleague just bought a new one for 55k, sports edition. not bad. bear in mind tat u need to pay a transfer fee for 2nd hand car and higher loan interest

[Keithpapa]

its not worth, imo. the depreciation is almost the same as buying a new vios.

 

[Keithpapa]

The ad by Borneo Motors says "Toyota - More Value Year after Year"

 

Which means that Toyotas appreciate in value year after year. The longer you use your Toyota, the higher resale value it can fetch.