Which of the 3 cars would you buy?

polityka SG

Ok guys, following on from my earlier post (http://www.sgforums.com/?action=thread_display&thread_id=15931 Cool , just wanted to see what you all thought.

Been looking around these past couple of days with my wife for the car and currently, I would say there are 3 choices. These are listed below in order of (my wife's) preference:

08/08/2003 Toyota Harrier 2.4GL
OMV - $36,830
COE - $32,799
PARF - $23,939
Mileage - 65,000km
Asking Price - $94,000

NEW Nissan Cefiro 230JM
Asking Price - $95,500

Dec 2002 BMW 318i
Mileage - 20,000km
Asking Price - $86,000

I have three questions: (1) Bearing in mind that I'm likely to sell the vehicle after 2-3 years, which would you buy (is the Harrier's mileage a little on the high side?)? (2) If I got the Harrier, how much would you reckon (ball park figure) I would get back if I sold the car after 2 or 3 years (I am still not sure how to calculate. Am very confused now.)? and (3) How much would I get back if I sold that new Cefiro after 2-3 years?

Many, many, many thanks in advance, kind sirs/ladies.

nightsky87 SG

Do you happen to have the depreciation values for each of these cars?

nOrmalbOi SG

not sure if i were in ur position .. whether i would consider the 3 cars u did..

but if i had to make a choice between them.. i would take the cefiro.. and budget a bit more for petrol..

myself i would prolly plumb for the honda accord (sedan) , peugeot 307 (hatch) or the honda odyssey/mitsubishi grandis (mpv)

the jap cars should fetch fair resale value while the 307 is there as an option. the mpvs were also thrown in becoz.. especially in the case of the odyssey.. its pretty car like in its looks and in driving it..

oh.. i might be mistaken but i think there might be a surcharge if u pay off the full amount in cash.. if it is really the case.. u might wanna work out if paying the surcharge or taking a minimal 2 yr loan might be more worth it..

cheers.

polityka SG

I did take a look at all three usual suspects, Honda Accord 2.4, Toyota Camry 2.4 and Nissan Cefiro 230JM. I didn't like the Honda cause it seemed a little too small and I really really really did not like that handbrake (Cosmetic thing). The Toyota was a little too boring for my liking and the Nissan was better equipped for a similar price.

Didn't really consider any of the French cars cause I preferred to have something a little easier to sell off (perception still matters). My wife had a Renault which we just sold off and I lost exactly 50% of the value over 3 years (Only 17k on the odometer).

As for MPVs, I don't think I'm ready to admit that I'm a family man yet. haha. Would prefer something that doesn't really scream "soccer mom/dad".

I know my choices are a strange mix but we liked the Harrier cause of the design and space, the Nissan for the features (and the fact that we could buy one new, rather than 2nd hand), and the Beemer cause the price looks pretty good for the car (plus the fact that I like Beemers).

nOrmalbOi SG

Then I guess the cefiro would do just fine for u Wink

fondue SG

and i think the lady would love the reverse parking camera Very Happy

polityka SG

My personal preference is for the Cefiro too I guess but just wondering how much I would lose if I sold the car after 2-3 years. Any ideas (estimate lah)?

nOrmalbOi SG

Wild stab in the dark. Maybe abouts 40% ? Lotsa factors that can affect resale value..

nightsky87 SG

Too bad Honda Civic does not have reverse park camera Razz

Leonong33 SG

Personal think that 02 Beemer will be good cos u'll get rock bottom base price 2-3 yrs later... at least there's a scheme for u to count...

then for new cars... u dunno wat's next... but at least u can haf a NEW car la....

all n all... how deep is ur pocket...

Cheers

zgim80 SG

hmmm.. but by then both e cefiro n beemer oso hit base mah.. why jus mention e bm? Rolling Eyes

huoye SG

08/08/2003 Toyota Harrier 2.4GL
OMV - $36,830
COE - $32,799
PARF - $23,939
Mileage - 65,000km
Asking Price - $94,000

NEW Nissan Cefiro 230JM
Asking Price - $95,500

Dec 2002 BMW 318i
Mileage - 20,000km
Asking Price - $86,000
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Harrier woulde be paper value + abt 8k for body - abt 60+ (low side)

Cefiro would be about paper value + 10k - lose about at least 30k-40k

BMW is paper value + 10k

All based on the sale around 08/08/08
For cars 3 yrs old and above dun expect to pay 5k more then the paper + body.
For price of body, you can call and check with exporters, dun believe dealers.

for check on paper value - www.onemotoring.com

it is expected that import tax will keep on going down so prepare to lose more on cars if you buy first hand as when you sell it to dealers, price will be based on new car price at the time you want to sell the car.

Hope this helps! Smile

bounce34 SG

maybea brand new car would be better. or maybe u can book teh new Rav 4 now for 90 k ? heard it is bigger then the older model.

bounce34 SG

the new Rav4 doesnt it look nice ?

AE86tofu SG

actually Can consider the 407 wad….nice car and the interior damn good…handles very well too

polityka SG

Here’s something interesting. Just bought the November edition of Torque and there was an article showcasing 20 MPVs/SUVs. The one car that really caught my eye was the Subaru Forester 2.5XT(A). Looks like a really interesting car and I am VERY tempted, though I will of course head down to the showrooms tomorrow to check it out. What do you guys think about it (apart from the fact that it’s going to be quite thirsty)?

bounce34 SG

its doesnt look like a SUV . the height of the car is so low. but performance wise , superb

polityka SG

Just ordered the Subaru Forester 2.5XT Very Happy