Exporting or scrapping 2nd hand OPC

[Metalslug]

why is it i dont hear many people Exporting or scrapping 2nd hand OPC? is it true that OPC hard to breakeven?

[Verve]

because the older opc of 04 - 05, after taking away the extremely low paper rebate, almost no value already - cos that time coe high

 

my friend's 04 getz bought opc at 48k, now wanna sell less than 15k - existing loan amount 35k - scrap now means he lose at least 33k over 3 years for a opc! - depreciation of a bmw.

[Ahyoo2002]

33k for 3 years? That is worst than normal car

[Toyo]

For his case, car cannot scrap or sell. only way is to keep it

I wonder how long more he will need in order to breakeven on his loan.

[Zippaboy]

48k ?

 

$48k + $17K = $65k

 

i don't remember Getz being so expensive leh.

 

well his own fault for taking a huge loan and long loan period.

[Toyo]

Getz was launched in 2003, my friend was one of the owner of the pioneer batch. He paid $67K plus

[Walterkoh]

hi, i dun think a new bmw bought in '04 will only have a depreciation of 11k per year, it should b much higher :)

[Libox88]

Is it a OPC Getz 1.1M as the price is around 23-25k now only

[Toyo]

not likely to be 1.1M as it was not available in 2004. most likely is 1.4A and the current OPC price is $30-32K

[Libox88]

Just a OPC costs 48k, wah your friend really kana trapped big time

Edited January 11, 2008 by Libox88

[Coltplussport]

Rubbish lah, just add the pro rate of 7 years of rebate on COE, that is 7/10*17000=11900. At most dealer willing to trade it for 15K+12K=27K.

 

You still loss something like 65K-27K=38K over 3 years of normal usuage.

 

So, don't even think of scrapping your car in 3 years especially if the brand does not fetch good value in resale market.

[Zanter]

Lesson no 1: Dont kan cheong spider buy new model.

 

Lesson no 2: Dont buy new model esp from Hyundai

 

Lesson no 3: Dont buy new model OPC esp from Hyundai!

 

Leason no 4 :If you forget leasons 1-3, dont take out 10 year loans, esp cash rebates etc.

 

Aiyah just dont buy Hyundai!

[Libox88]

Wah why you so prejudice against Hyundai lei ! I almost booked a Getz 1.1M but eventually decide to get a Kenari due to the space. Some may think I am wrong but I feel much more comfortable in a Kenari than a Getz.

[Coltplussport]

If you drive for 10 years before scrapping the car, any brand will do. But when resale in around 3 years, those jap brand will get better value.

 

But-ter, whatever brand it is, the depreciation at the 3rd year will be a killer.

[Windwaver]

because the older opc of 04 - 05, after taking away the extremely low paper rebate, almost no value already - cos that time coe high

 

my friend's 04 getz bought opc at 48k, now wanna sell less than 15k - existing loan amount 35k - scrap now means he lose at least 33k over 3 years for a opc! - depreciation of a bmw.

 

That's the problem of a HUGE LONG LOAN

[Zanter]

I have nothing against the cars per sec but I know ppl who buy them su ka si. From experience.

[Toyo]

Just a OPC costs 48k, wah your friend really kana trapped big time

 

Its not my friend.

He bought brand new at $67K normal car. one of the few to drive the pioneer batch.

[Toyo]

Lesson no 1: Dont kan cheong spider buy new model.

 

Lesson no 2: Dont buy new model esp from Hyundai

 

Lesson no 3: Dont buy new model OPC esp from Hyundai!

 

Leason no 4 :If you forget leasons 1-3, dont take out 10 year loans, esp cash rebates etc.

 

Aiyah just dont buy Hyundai!

 

 

True. some makes really have no resale market