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Showing results for tags '2mth'.
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for every 10k increase in COE price, my odyssey 2.4a is worth ~$4k more in the resale market! very easy to calculate (new odyssey OMV is currently 36k) when COE 26k, a brand new odyssey cost yearly depreciation 10k -> a used 4yr old odyssey 2.4a ~60% of new price = 6k yearly depreciation when COE 36k, a brand new odyssey cost yearly depreciation 11k -> a used 4yr old odyssey 2.4a ~60% of new price = 6.6k yearly depreciation when COE 46k, a brand new odyssey cost yearly depreciation 12k -> a used 4yr old odyssey 2.4a ~60% of new price = 7.2k yearly depreciation so u see every 10k increase in COE price = $600 more depreciation per year for used car -> a 4yr old car with 6yr COE left will cost extra $600*6 = $3,600 i bought my odyssey when COE was 16k => yearly depreciation 5.1k now COE 46k, my gain = 6yr * (7.2 - 5.1) = $12k!! i bought at 45k just 2mth+ ago, and now i can sell it for 57k comparing a brand new odyssey selling close to $138k now, i think $57k is a very good price for a 4yr old car right? (dont tell me about selling high and buying high... i am happy to hold the extra paper value for now, but if COE breach $80k, i will consider selling)