General OMV queries

[Ianstic]

I was looking at the list of car OMV values found in the LTA website and was making some comparison.

 

I found that the OMV value for HONDA ACCORD 2.0A (think is the JDM accord?) is 31294 and the OMV value for SUBARU WRX is 21736... thats almost 10k difference.

 

Does that mean the ACCORD can get a better value when you sell it as compared to the WRX ?

 

I remember asking the price of this two cars and they were about the same... around 96K...

 

Why issit that they can be priced about the same when their OMV difference is so big?

 

 

Someone enlighten me?

 

Thanks

[Sturtles]

PI cars always have high OMV..

 

Try asking them about the fit.. its about 5-6k difference in OMV, but pricewise, about the same.. one made in thai, one made in jap

[Soya]

higher OMV doesn't necessarily mean better resale value.

 

if car A & B hv same selling price and car A OMV is lower, it simply means the dealer markup$ is higher (hence, lesser value-for-money for the consumer).

 

PI car has higher OMV coz they buy from another dealer in japan who already factor in his own markup, etc and PI got no factory bulk discount & higher shipping costs unlike the local distributors.

[Porker]

The paper value is definitely higher for the Accord. FYI, OMV = Selling price + Freight Forwarding + Insurance + Handling Fee (if applicable)

[Alfpoon]

it just means that Motor Image making more $$$

[Ianstic]

i see...

 

i guess other factors like...age, brand, reliability and public opinion will contribute to the resale value ?

[Ianstic]

if thats true... they are making quite alot

[Soya]

frankly, resale value nowadays usually means paper & body value. conti car usually hv slightly better body value.

[Alfpoon]

http://www.onemotoring.com.sg/publish/onem...0/car_cost.html

 

Do the maths...