Ridiculous Used Car Price

[Pss2]

I have been monitoring the used car price since 2013 for a particular model.

 

Based on all same specification (OMV avg to be about 35k)

 

In 2014 October, I saw a 2008 Aug model going for $59,800

Just when I intend to buy the car when it was April 2015 (because I wanted to drive my car till 10 years), the same model 2008 Aug model was going for $68,800. I had to settle for a older model as I felt the asking price was too high. My yearly depreciation calculated to be 11k which is consider a good deal now.

Now July 2015, same model Nov 2008 registered going for $69,800. All 3 time zone based on Cat B COE of 70k to 75k.

 

Is it because of the new CEVs regulation that make used cars to be more "valuable"? For people who in need a car, like my father, might not even able to afford to buy a basic proper car now. FYI, my father bought a used 2.0 Korean car in 2013 Nov, paid 40% deposit and monthly of $474.00 instalment for 29 months. I find that the car price in used car market is rubbish.

 

I know, take it or leave it. No cheap cars at all in the next 3 years at least.

[MQX87511]

I have been monitoring the used car price since 2013 for a particular model.

 

Based on all same specification (OMV avg to be about 35k)

 

In 2014 October, I saw a 2008 Aug model going for $59,800

Just when I intend to buy the car when it was April 2015 (because I wanted to drive my car till 10 years), the same model 2008 Aug model was going for $68,800. I had to settle for a older model as I felt the asking price was too high. My yearly depreciation calculated to be 11k which is consider a good deal now.

Now July 2015, same model Nov 2008 registered going for $69,800. All 3 time zone based on Cat B COE of 70k to 75k.

 

Is it because of the new CEVs regulation that make used cars to be more "valuable"? For people who in need a car, like my father, might not even able to afford to buy a basic proper car now. FYI, my father bought a used 2.0 Korean car in 2013 Nov, paid 40% deposit and monthly of $474.00 instalment for 29 months. I find that the car price in used car market is rubbish.

 

I know, take it or leave it. No cheap cars at all in the next 3 years at least.

because at current high COE era, rare people want to sell their car half way unless their COE end, so used car market supply short, then push its price high, 2ndly COE high, peoples believe buy used car more worth than new car, also push used car price high, combine this 2 factors, no doubts used cars price definitely Ridiculous

[Acewin]

I have been monitoring the used car price since 2013 for a particular model.

 

Based on all same specification (OMV avg to be about 35k)

 

In 2014 October, I saw a 2008 Aug model going for $59,800

Just when I intend to buy the car when it was April 2015 (because I wanted to drive my car till 10 years), the same model 2008 Aug model was going for $68,800. I had to settle for a older model as I felt the asking price was too high. My yearly depreciation calculated to be 11k which is consider a good deal now.

Now July 2015, same model Nov 2008 registered going for $69,800. All 3 time zone based on Cat B COE of 70k to 75k.

 

Is it because of the new CEVs regulation that make used cars to be more "valuable"? For people who in need a car, like my father, might not even able to afford to buy a basic proper car now. FYI, my father bought a used 2.0 Korean car in 2013 Nov, paid 40% deposit and monthly of $474.00 instalment for 29 months. I find that the car price in used car market is rubbish.

 

I know, take it or leave it. No cheap cars at all in the next 3 years at least.

Why don't tell us the car model for better understanding?

[Jman888]

Please post in a similar thread if you are purely sharing ads that you saw cos the scenario were the same.

 

http://www.mycarforum.com/topic/2699022-used-car-price-hike-25-30-over-the-pass-year/?hl=%2Bused+%2Bcar

[RadX]

To add if EVERYDAY we get a used car ridiculous thread

 

Might as well make this

 

used car ridiculous car mart

 

Instead of MCF