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Second hand resale car price goes up


Yenyenpark
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(edited)

Hi,

did you notice the price had gone up quietly.. I had monitored it since few months ago.. and found it moving upward now..

 

for those who looking for resale car, i think it's time to act before August.. because the dealer had acted now!!

 

I saw some of the car in 2007 had moved up by about 3 to 4k!!

Edited by Yenyenpark
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Dealer take in a higher price for my old car when I sign for a new Honda on Sunday.

Yes, price might increase.

I remember there was a thread where one forumer claimed he made paper profit of $12k due to the April quota cut.

Maybe this time august cut, the paper profit will jump another step. Maybe $18k?

 

 

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Neutral Newbie

Alot of 2nd hand post higher selling price of new car. Was at showroom VW golf 1.4 Sport new 105k (after 15 promo discount) , but if you check all the sgcarmart post, most advert 106k for 1 year old car, worst of all COE only 8k for some. They think their 2nd hand got special authenic smell.

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Neutral Newbie

Funny i wonder why people sell to dealer at lower price and dealer sell off at higher. Just post direct, offer a realistic price, price should be better than what dealer offer. Why let dealer take profit for no reason, they dun provide much service anyway, often give you lousy reason why your car is not worth tat much. Let the dealer go bankrupt.!!!!

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Funny i wonder why people sell to dealer at lower price and dealer sell off at higher. Just post direct, offer a realistic price, price should be better than what dealer offer. Why let dealer take profit for no reason, they dun provide much service anyway, often give you lousy reason why your car is not worth tat much. Let the dealer go bankrupt.!!!!

 

 

well, the dealer provides the service to clients who probably never know sgcarmart exists.. going to Automart is like going Giants shopping like tat...

 

alot of time and efforts to arrange for viewing.. test drive needs to be done by ourselves if we wanna sell direct.. and most of the time u will get ridiculous offer from private owner as well (simply because they dunno your car value AT ALL!!)

 

 

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the low coe resale cars now trying to sell at current coe prices...if can, jus wait...once the 'real' 30-40k coe comes into the resale mkt, prices shd correct..

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(edited)

You will be surprised that car buyers prefer to trust a second hand car dealers who promised them the sky and also handles all the paper works.

There is not many buyer who wants to buy from private owner for fear that the car is spolit and no warranty and no easy loan services.

So it's really hard to sell the car privately.

I tried to sell off my car in may when the resale price was shooting up. There was no private buyers when I advertise on sgcarmart and other free website. The usual dealer will offer lower price, but they can help to clear the bank loan, give cashier orders the next day, etc. The convenience is why second hand dealers are still raking in the cash by selling the same car from me to another buyer.

 

 

Edited by SimonTan
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when car prices or COE goes down.. resale car will see no business, and will change their business model to parallel import..

 

when car prices goes up, they will do via-versa..

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Hi,

did you notice the price had gone up quietly.. I had monitored it since few months ago.. and found it moving upward now..

 

for those who looking for resale car, i think it's time to act before August.. because the dealer had acted now!!

 

I saw some of the car in 2007 had moved up by about 3 to 4k!!

 

Yes. Fear always play a big part when it comes to buying car in Singapore.

 

The export price shouldn't differ much so whatever they can make from the price increase they will.

 

Just spend more time in Sgcarmart and you should be able to find a better priced bargain.

 

I can still find 2006 Getz1.6A with yearly depreciation of ard $3000 or 2006 Cefiro2.3 at ard $4400/yr.

 

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Ok...if dont wanna let dealers take profit then how to go about selling my car? Its still under bank loan then paperwork and all?

 

possible, but the buyer must willing to go thru all the process with u... i believe there is a thread on this...

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Ok...if dont wanna let dealers take profit then how to go about selling my car? Its still under bank loan then paperwork and all?

 

Trade assist actually can perform these paperwork plus loan application for buyer at a fee. Definitely cheaper than dealers and it is also easier for both seller and buyer who are not familiar.

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(edited)

well, the dealer provides the service to clients who probably never know sgcarmart exists.. going to Automart is like going Giants shopping like tat...

 

alot of time and efforts to arrange for viewing.. test drive needs to be done by ourselves if we wanna sell direct.. and most of the time u will get ridiculous offer from private owner as well (simply because they dunno your car value AT ALL!!)

Frankly, ever since the intro of COE, 2nd Hand car prices are totally unpredictable as just a difference of 1 month the COE prices for 2 same model cars can be as much as $5~10k.

 

The problem is that till today Buyers still kena Snook by Dealers both ways. (if they sell they give your $3k above scrap value and sell it @ $10k profit).

 

When buyer meet Direct owner, they always ask ridiculous prices like machiam theyre 2nd hand car dealer...

Edited by Tigerwoods
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Trade assist actually can perform these paperwork plus loan application for buyer at a fee. Definitely cheaper than dealers and it is also easier for both seller and buyer who are not familiar.

 

I think Chicago or what also got help on paperwork..

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(edited)

Frankly, ever since the intro of COE, 2nd Hand car prices are totally unpredictable as just a difference of 1 month the COE prices for 2 same model cars can be as much as $5~10k.

 

The problem is that till today Buyers still kena Snook by Dealers both ways. (if they sell they give your $3k above scrap value and sell it @ $10k profit).

 

When buyer meet Direct owner, they always ask ridiculous prices like machiam theyre 2nd hand car dealer...

 

sigh.. this things no ends, i encounter direct buyer acts like 2nd hand dealer!!! and some boys simply wanna have some funs testing your car..

Edited by Yenyenpark
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Yes. Fear always play a big part when it comes to buying car in Singapore.

 

The export price shouldn't differ much so whatever they can make from the price increase they will.

 

Just spend more time in Sgcarmart and you should be able to find a better priced bargain.

 

I can still find 2006 Getz1.6A with yearly depreciation of ard $3000 or 2006 Cefiro2.3 at ard $4400/yr.

Most Sporeans are funny. When they see a car advertised cheaper than others of the same model, year&month, they will judge : Sure got accident, or else why so cheap ?

 

When they see the car price higher than, they will say : Maybe Owner take care + install many accessories.

 

I helped a fren get a Hyundai Verna (May/2007) in Dec 2009.

That car was Advertised in SGcarmart + Cats for around 3 mths and no takers.

The dealer reduce price by $1k every mth for the 3 mths (from $32k to $29k). Other dealers' Verna priced higher but SOLD.

 

I went there with my friend and found the car mileage only 25kkm, Service book indicated 20kkm service in Komoco in 2008, still have new car smell. Very well kept. we got it for $28k paid in cash.

We checked Verna with other dealers that time, and all wanted around $33k.

 

So there are some nice gems around in the market. U just have to search...

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Even those private owner sales in sgcarmart are selling at prices on par with dealers or even higher..

Haiz how to buy...

 

Rather buy from dealer at least can go back bang table...

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