Worth to buy Nov 2005 Golf GTI 2LTR at 75K?

[Bigboar]

Dear all,

need some advise, it is Worth to buy Nov 2005 Golf GTI 2LTR at 75K?

OMV $31,187, COE $14,751., mileage 38K

 

White colour, lady driver ( a friend wife)

 

pls help

[Nine_eleven]

depreciation under 8k... worth.

[Bigboar]

Wonder how to do owner to owner transfer.

[Mahjong74]

Go to them.

 

http://www.credit.com.sg/auto_p2p.jsp

 

They will do everything for you foc and they collect

commission from bank. Unless you are not taking loan

and making full payment.

[Bigboar]

wow. many thanks for the info

[Angdao]

Gee almost 3 yrs car but only 38k mileage. Really under utilised man..

[Frozebite]

My friend just go his GTI at 80k 2 1/2 years . White and 18 inch rims

[Veryfree]

if unmod, low mileage (40k +/-), parked in shelter, go for it.

[Throttle2]

Dear all,

need some advise, it is Worth to buy Nov 2005 Golf GTI 2LTR at 75K?

OMV $31,187, COE $14,751., mileage 38K

 

White colour, lady driver ( a friend wife)

 

pls help

 

to me, $75k sounds alright including transfer fees.

that is considering the condition is at least 9/10 in the color you like.

[Hayashi]

Good german pedigree,GOooooo for it!

[Bigboar]

Opps, it does not include transfer fees,

wonder how much will that be?

[Dymatize]

Hi guys,

 

I am eyeing a 2nd hand Golf GTI with the below details

 

Reg: Aug 2005

COE: $15,889

OMV: $31,778

Price: $70,000

 

I calculated the scrap value to be

(75% * (110% * OMV)) + (remaining COE)

(0.75 * (1.1 * $31,778)) + (0.6 * $15,889)

= $35,750

 

1) Is my above calculation correct?

2) if so, that means the dealer is charging a $35k body price! That seems alot to me..

 

Would appreciate any feedback or opinions!

 

thanks!

 

[Dymatize]

hi, appreciate any help here!

[Darren_tyl]

I calculate depreciation abt 9500 per year wor...

 

Also have to see the car condition before can comment further.

 

 

But GTI is a super nice ride!!

 

 

Dear all,

need some advise, it is Worth to buy Nov 2005 Golf GTI 2LTR at 75K?

OMV $31,187, COE $14,751., mileage 38K

 

White colour, lady driver ( a friend wife)

 

pls help

 

[Darren_tyl]

Not sure abt the calculation.

 

Based on my understand, those dealer will normally compare it with the current new car price, for certain ranges of car which has a very small market, they will want to buy the car as close to the paper value as possible so as to minmise on the loss in the event the car cannot be sold.

 

But when they sell, they will be doing reference to the yearly depreciation as compare to the new car.

 

 

Hi guys,

 

I am eyeing a 2nd hand Golf GTI with the below details

 

Reg: Aug 2005

COE: $15,889

OMV: $31,778

Price: $70,000

 

I calculated the scrap value to be

(75% * (110% * OMV)) + (remaining COE)

(0.75 * (1.1 * $31,778)) + (0.6 * $15,889)

= $35,750

 

1) Is my above calculation correct?

2) if so, that means the dealer is charging a $35k body price! That seems alot to me..

 

Would appreciate any feedback or opinions!

 

thanks!

 

[Limxiaoming]

hi, appreciate any help here!

 

 

Bro for car like the GOLF GTI, U are buying it at resale price, esp at end 2005.

 

Thus body value does not come into consideration unless u preparing to export it.

 

If every car were to sell at paper value plus a few thousand body value, noone will buy new cars anymore. All will turn to used car.

 

Actually not just cars like golf gti are like that, all cars in spore are like tt.

 

Resale price and export price are 2 different matters.

 

Dealers use this 'paper+body' as a gimmick to buy cars at a very low price.

 

Thus, u should actually calculate depreciation per annum instead to get a reasonable value.

 

U want to go all the way out, u can set up a tent outside VW or BMW at leng kee,

 

When some rich playboy comes and trade in his GTI for a upgrade and he is offered paper plus body for his car, u can step in and say u are a dealer

 

offer him paper plus body plus a few more k.

 

He shiok u shiok haha

 

[Zaska]

U want to go all the way out, u can set up a tent outside VW or BMW at leng kee,

 

When some rich playboy comes and trade in his GTI for a upgrade and he is offered paper plus body for his car, u can step in and say u are a dealer

 

offer him paper plus body plus a few more k.

 

He shiok u shiok haha

 

wah...idea sia lol