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Sci10213

Buying used car - how to evaluate?

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Hi

 

I'm thinking of getting a used car less than 5 yrs old.

 

But I'm not sure if I am getting a good deal or becoming a carrot head...

 

Suppose I saw an ad for a car that sells for S$30k & assume in good condition. Vehicle registered in 2006.

 

How do I know if the selling price is too high or a good bargain just based on very brief details? Or do I need to know what other details to establish a good selling price?

 

Please advise

 

Thanks

 

 

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Hi

 

I'm thinking of getting a used car less than 5 yrs old.

 

But I'm not sure if I am getting a good deal or becoming a carrot head...

 

Suppose I saw an ad for a car that sells for S$30k & assume in good condition. Vehicle registered in 2006.

 

How do I know if the selling price is too high or a good bargain just based on very brief details? Or do I need to know what other details to establish a good selling price?

 

Please advise

 

Thanks

 

show us the link

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paper value is only 20k thereabouts. u paying 15k for body, which is close to the omv. definitely not worth it. then again, i could be mistaken with my calculations.

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Bro, please be extra mindful of the recent flooding incident. Bet many people will be trying to offload their cars in the market...

 

Hi

 

I'm thinking of getting a used car less than 5 yrs old.

 

But I'm not sure if I am getting a good deal or becoming a carrot head...

 

Suppose I saw an ad for a car that sells for S$30k & assume in good condition. Vehicle registered in 2006.

 

How do I know if the selling price is too high or a good bargain just based on very brief details? Or do I need to know what other details to establish a good selling price?

 

Please advise

 

Thanks

 

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COE left 8820.Paper value 11358.Next year Nov Paper value 10600.For now 8820 + 11358 is 20178.take 35800 - 20178,the body + seller comission is 15622.Too high a value in my opinion.They take in these car at 3 to 4k body value.their return is around 10k.I know they're in business.But this is too overprice.For this kind of mileage,give it a miss.All the rubber seal on doors,sound proofing all falling apart for this age.No point buying and end up paying another thousand or so to maintain it.If can,slash the price by 3 to 4k.Ask for new tyres,check for accident and servicing records.

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I am also in the same shoe.... so still rather confuse of such calculation.

 

May I know how the paper value is work out ?

 

I understand the remaining COE is 6years/10years X $14700 = $8820/-

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am considerling less than 2 years old car.... What U guys think of these.... ?

 

http://www.sgcarmart.com/used_cars/info.ph...473&DL=2054

 

http://www.sgcarmart.com/used_cars/info.ph...060&DL=1141

 

Also what are the major risk/s involved in buying Used Car, and what to look out for ? Used Car via PI bring in SG, are them of higher risk/s, eg Warranty ?

 

Sorry Thread Starter for highjacking with these question.

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its abit too high

i guess too [bigcry]

at least minus 7k will do justice

[:)]

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its abit too high

i guess too [bigcry]

at least minus 7k will do justice

[:)]

 

 

hard to get at this type of price.

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hard to get at this type of price.

 

Agreed. How to bargain such discount? Many dealers I 've met seemed to be able to hold.

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Agreed. How to bargain such discount? Many dealers I 've met seemed to be able to hold.

act until you very interested.Bring a calculator with you,do a sum and tell him in the face,"Bro,i think the price I pay,next year straight I lose 10k,I come walk here to get lower depreciation car,you like that quote,I can walk down the street go AD buy car,since AD also earn 10k a car,but they got warranty and new car."Straight quote him a price,use the paper value + body value,add a few 3 to 4k,tell him change tire and no admin fee.This is impt,no admin fee,some will kei siao and end up ask for admin fee.This is not a must,so get a black and white.if he don't budge,walk away.no point to talk on,he'll hold you back and quote you another price.Slash until you happy.I ever walk UBI automart,saw a Lancer Ex,quite interested,on the spot slash 4k and the dealer straight away ok.But I didnt buy,that time car price super low.

Edited by Passion
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