Sell or not???

birdbird SG

i got a Mitsubishi 1.5 GDI not more than 1 and half years old.I'm thinking of selling it off cos the monthly installment is getting a bit bue tahan.But the recent announcement by MAS to remove the 30% cap and report of poor biz for resale cars is giving me headaches on whether this is the rt time to sell off or shld i wait.Any advice?? Confused

DaKaR SG

After the announcement, You can forget abt selling your car...
Unless you want to make a big loss...
Now current price for a brand new car is super low... somemore no need "Downpayment" and can take "10 year loan"
Unless you adjust your annual dep until lower than a brand new car, Dun think you will have much chance of selling it... even if you sell to dealer... think he will squeeze you dry and most prob you have to pay the bank alot...

FiReSwOrD SG

hold on to your car till the coe is out by next week.

the coe will continue to rise the next few biddings as they try to clear all the backlogs

as coe rises, the chances of getting more $$$ for your car will definitely be higher then current especially yours is a relatively new car!

lastly,don't let used car dealers pull a fast one on you. look up the classified on current market price for your car.

good luck