Jump to content

Used car price hike 25-30% over the pass year


sam138
 Share

Recommended Posts

Did anyone notice the price hikes across all model and dealers?

When I bought my car last June, my monthly depreciation was approx 700

Now Most cars are atleast 1k mthly depreciation among All Dealers listing amid increment in coe quota 😅

↡ Advertisement
  • Praise 2
Link to post
Share on other sites

(edited)

what's wrong to collect more? if all buyer don't buy dealer sell to who? price up 50% also can

dealer also aspire to drive bmw 7-series and wear rolex ...

not just property agent ... lol

Edited by Wt_know
  • Praise 4
Link to post
Share on other sites

Turbocharged

If wanna place blame , blame the consumers , not the dealers . Willing buyer willing seller .

  • Praise 5
Link to post
Share on other sites

Turbocharged

I blame the 50 percent dp and five year loan rules. It allows the used car dealers to exploit the situation that some people cannot afford the down payment and have no choice but to turn to used cars at higher loan and higher price. This is created by the rule and the people suffer. What's the point if the rule is not enforced on the used car dealers ? This is one good example of a policy anyhow implemented without foreseeing the problem.

  • Praise 9
Link to post
Share on other sites

(edited)

even not forseeing the problem they can rectify it and plug the hole ... but they did not (choose not to)

 

I blame the 50 percent dp and five year loan rules. It allows the used car dealers to exploit the situation that some people cannot afford the down payment and have no choice but to turn to used cars at higher loan and higher price. This is created by the rule and the people suffer. What's the point if the rule is not enforced on the used car dealers ? This is one good example of a policy anyhow implemented without foreseeing the problem.

 

Edited by Wt_know
Link to post
Share on other sites

Hypersonic
(edited)

Next time implement the rule of full cash payment for every car. See who will buy. Haha

 

T2 will rise his 2 hand to support.. :XD:

Edited by Tohto
  • Praise 1
Link to post
Share on other sites

I blame the 50 percent dp and five year loan rules. It allows the used car dealers to exploit the situation that some people cannot afford the down payment and have no choice but to turn to used cars at higher loan and higher price. This is created by the rule and the people suffer. What's the point if the rule is not enforced on the used car dealers ? This is one good example of a policy anyhow implemented without foreseeing the problem.

 

This is very right on this facts. Gov screwed our ass right thru.

  • Praise 3
Link to post
Share on other sites

Supersonic

This is one good example of a policy anyhow implemented without foreseeing the problem.

 

 

what's new?

  • Praise 1
Link to post
Share on other sites

Gahment wants us to take public transpork, that's why the 50% dp and loan restriction are there. They are not going to implement some policy so that you and I may own a car. That's not going to happen...period. Ppl should see it by now.

  • Praise 1
Link to post
Share on other sites

Turbocharged

Next time implement the rule of full cash payment for every car. See who will buy. Haha

 

No problem. All MCF members pay full cash one.

  • Praise 1
Link to post
Share on other sites

Turbocharged

Gahment wants us to take public transpork, that's why the 50% dp and loan restriction are there. They are not going to implement some policy so that you and I may own a car. That's not going to happen...period. Ppl should see it by now.

 

if thats the case all ministars shld take MRT bus n walk to parlimen, especially tuck you. so far nobody has seen him take MRT right?

  • Praise 1
Link to post
Share on other sites

actually depreciation per yr for used car is indeed higher than for new cars ! Basically the buyers that need the car cant afford to get amt of loan required for new cars thus jo choice bite bullet n buy more expensive older cars.. Negative impact on loan control.. :-)

  • Praise 1
Link to post
Share on other sites

he will take MRT soon when PM announce GE ... lol

 

if thats the case all ministars shld take MRT bus n walk to parlimen, especially tuck you. so far nobody has seen him take MRT right?

 

Link to post
Share on other sites

If no one wanna buy at such high prices, you think dealers will jack up the price?

 

It's the stupidity of car buyers that is contributing to high prices

  • Praise 3
Link to post
Share on other sites

Supercharged

Did anyone notice the price hikes across all model and dealers?

When I bought my car last June, my monthly depreciation was approx 700

Now Most cars are atleast 1k mthly depreciation among All Dealers listing amid increment in coe quota 😅

 

who give a damn about the COE quota, all eyes are on the COE prices. As long the price stay high, everything follows.

  • Praise 1
Link to post
Share on other sites

Supercharged

I blame the 50 percent dp and five year loan rules. It allows the used car dealers to exploit the situation that some people cannot afford the down payment and have no choice but to turn to used cars at higher loan and higher price. This is created by the rule and the people suffer. What's the point if the rule is not enforced on the used car dealers ? This is one good example of a policy anyhow implemented without foreseeing the problem.

 

YES.... now used car depreciation same as new car... ridiculous... if have money buy new car better...

↡ Advertisement
  • Praise 1
Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share

×
×
  • Create New...