De-register Car vs Sell my car to Dealer

[Whywhy68]

my COE is ending in March 2016..

 

So shld i de-register my car or sell my car to dealer? Which one is more worth ?

 

Current paper value : $15k

 

 

 

if i sell my car to dealer, will they buy back at the paper value or higher than that ?

 

 

Please help advice as this is my time first changing to another car..

 

[Little_prince]

just drive to the end lah.

 

you sell to dealer, those blood suckers also probably offer you paper +few hundred for body nia.

 

you just see similar car on sgcarmart and try to sell as direct seller lor

 

probably got better deal

[Celicar]

You mean wat to do now or when reach Mar 2016?

[Beng2]

Selling to dealer should give you more money. For a Japanese bread and butter 10 year old car, the body should only fetch from a few hundred bucks to $1k, maybe more if yours is a Toyota and slightly younger.

 

No harm calling a dealer to ask.

[Whywhy68]

Selling to dealer should give you more money. For a Japanese bread and butter 10 year old car, the body should only fetch from a few hundred bucks to $1k, maybe more if yours is a Toyota and slightly younger.

 

No harm calling a dealer to ask.

 

you mean for example the paper value is 15k sgd based on the onemotoring website..

 

dealer will offer me only 16 to 17k ?

 

is it 100% dealer will buy my car or case by case basis

[Beng2]

 

you mean for example the paper value is 15k sgd based on the onemotoring website..

 

dealer will offer me only 16 to 17k ?

 

is it 100% dealer will buy my car or case by case basis

 

I mean, if you sell to scrap yard you will get just a little money for the body. Cars > 3 years are not exported but sold for parts, based on what a scrap yard operator told me.

 

Selling to used car dealer should fetch a higher price as they can still try to sell in resale market. The scrap yard operator even told me, "no one scraps a good condition 9 year old car because they can still be sold in resale market"

 

Of course, some dealers may tell you they will scrap your car and offer you peanuts. For a car with 1 year 9 months to go, people will grab the car if the depreciation is $5k a year. From what I observed, a 9 year old Jap car with annual depreciation of $5k tends to be sold very quickly once advertised.

 

Of course the dealer will earn a bit, so he'll offer you lower than that. Heck, I believe many here will be interested in your car if you state the make and asking price.

 

[Yahgo22]

i understand that for today market, car body no value cos too many cars are

 

gg to be scraped

 

dealers might even offer u 5% less than yr OMV

[13177]

 

I mean, if you sell to scrap yard you will get just a little money for the body. Cars > 3 years are not exported but sold for parts, based on what a scrap yard operator told me.

 

Selling to used car dealer should fetch a higher price as they can still try to sell in resale market. The scrap yard operator even told me, "no one scraps a good condition 9 year old car because they can still be sold in resale market"

 

Of course, some dealers may tell you they will scrap your car and offer you peanuts. For a car with 1 year 9 months to go, people will grab the car if the depreciation is $5k a year. From what I observed, a 9 year old Jap car with annual depreciation of $5k tends to be sold very quickly once advertised.

 

Of course the dealer will earn a bit, so he'll offer you lower than that. Heck, I believe many here will be interested in your car if you state the make and asking price.

 

I guess only the current market situation, you can find cars which is already 9-10 year still sell in the resale market. Saw a few cars, coe will expire in 2015, feb-mar and yet still being sold in the resale market?! Last time don't think you are able to see such cars.

[Tohto]

 

I mean, if you sell to scrap yard you will get just a little money for the body. Cars > 3 years are not exported but sold for parts, based on what a scrap yard operator told me.

 

Selling to used car dealer should fetch a higher price as they can still try to sell in resale market. The scrap yard operator even told me, "no one scraps a good condition 9 year old car because they can still be sold in resale market"

 

Of course, some dealers may tell you they will scrap your car and offer you peanuts. For a car with 1 year 9 months to go, people will grab the car if the depreciation is $5k a year. From what I observed, a 9 year old Jap car with annual depreciation of $5k tends to be sold very quickly once advertised.

 

Of course the dealer will earn a LOT,

Of course the dealer will earn a bit, so he'll offer you lower than that. Heck, I believe many here will be interested in your car if you state the make and asking price.

 

 

Correction for you ...

[joshua182]

Speculation and guesses aside, share with u my experience on selling my ride which had 1 yr 8 months left..

 

Model was 2006 E90, 320i with a paper value of around 25K. Body value of my car is not v high, around 1 to 2k.

 

Sgcarmart prices were around 38~39k for 2006 feb 320i.

 

My car was in decent internal shape but externally quite cui, even for a 8yr car.

 

Sold to dealer at around 33.2k. I had private buyers offering around 35k but could not find the time to meet them.

 

If your car model is popular, can fetch a few K above paper plus scrap value. Perhaps u should share the details. Who knows someone here might want to buy your car for a much better price than what you can get at a dealer.

[macrotrust2]

Speculation and guesses aside, share with u my experience on selling my ride which had 1 yr 8 months left..

 

Model was 2006 E90, 320i with a paper value of around 25K. Body value of my car is not v high, around 1 to 2k.

 

Sgcarmart prices were around 38~39k for 2006 feb 320i.

 

My car was in decent internal shape but externally quite cui, even for a 8yr car.

 

Sold to dealer at around 33.2k. I had private buyers offering around 35k but could not find the time to meet them.

 

If your car model is popular, can fetch a few K above paper plus scrap value. Perhaps u should share the details. Who knows someone here might want to buy your car for a much better price than what you can get at a dealer.

Not a bad deal for the car dealer- change hand can make profit of 5-6K . assuming he can sell to someone otherwise sold at cost or loss.

[13177]

No matter what car and model, dealers confirmed profit a lot. Buy low and sell high later.

[TVT]

Sorry for the OT but...could someone advise: What is paper value and body value of a car?

[Darthrevan]

from this year to 2016 might be bumper years for exporters/scrap yards/2nd hand dealers

[Old-driver]

Sorry for the OT but...could someone advise: What is paper value and body value of a car?

 

Paper value is the value you get from LTA if you scrap the car now. It is based on OMV and number of years/months of COE left.

 

Body depends on car and condition and demand

[TVT]

 

Paper value is the value you get from LTA if you scrap the car now. It is based on OMV and number of years/months of COE left.

 

Body depends on car and condition and demand

 

Got it. Thanks!

[Beng2]

i understand that for today market, car body no value cos too many cars are

 

gg to be scraped

 

dealers might even offer u 5% less than yr OMV

 

I'm not surprised. I guess those victims find it more convenient to do through the dealers instead of driving to the scrapyard themselves

 

[kbing]

my car only 7 years old but want to change to a bigger car.

 

It is an unpopular brand so i guess the body value will be low. Furthermore externally got some scratches and there are wear & tear items that are due for change/repair.

 

Any dealer willing to take in such car with below average condition?