Will value of resale car dip significantly after 5th year?

[Piyopico]

Anyone has any idea?

 

My car has 6 months to go before 5th birthday.

[Espire]

can share whatz ur ride?

 

different make had different demands.

[Piyopico]

can share whatz ur ride?

 

different make had different demands.

 

 

Mine's a Honda Integra. Coupe. Am thinking of driving about one or two more years but dunnoe if there will be a big drop in resale value after 5th year. The car does keep itz looks very well, quite a classic design.

[Icyfreakass]

The car does keep itz looks very well, quite a classic design.

agreed. Its a very nice lookin car.

[Galantspeedz]

Anyone has any idea?

 

My car has 6 months to go before 5th birthday.

 

the reason it drops in value is because your car PARF will drop 5%

[Porkerlover]

yes

[Picanto]

Mine's a Honda Integra. Coupe. Am thinking of driving about one or two more years but dunnoe if there will be a big drop in resale value after 5th year. The car does keep itz looks very well, quite a classic design.

 

honda is a premium japanese brand in spore. i think there is still a good resale value.

[Kyojin]

Anyone has any idea?

 

My car has 6 months to go before 5th birthday.

 

two things when the car hits 5 years:

1. PARF rebate drops from 75% to 70%

2. export value drops. foreign market favours cars that are younger than 5 years old. so your car becomes less attractive overseas. export value determines "body value".

 

6 more months will not make much of a difference to point 2, though. more so for point #1.

[Vblaster_w211]

Mine's a Honda Integra. Coupe. Am thinking of driving about one or two more years but dunnoe if there will be a big drop in resale value after 5th year. The car does keep itz looks very well, quite a classic design.

 

I intend to keep mine beyond 10 yrs and make it a COE car when the time comes.

 

If you like the car, keep it.

[Acevin]

Sorry TS to hijack your thread, but on the same subject, how is it for OPC? Thks..

[Vinceng]

I think the main drop in value is due to less demand and lower body price for export market.

[Starchball]

depends also

[Yaloryalor]

Anyone has any idea?

 

My car has 6 months to go before 5th birthday.

 

Once heard a dealer say that after 5 years old cars, some countries do not allow the importing. Hence, demand is lesser so body price also lesser.