Resale Value

zerocool85 SG

When buying a car, how we know which car will have better resale value at the end of 5 years or 10 years or whichevr year we selling the car? I mentioned this in my VW thread but nobody mentioned..

Car A, Japanese Car, $100k
Car B, Japanese Car, $100k
Car C, Conti Car, $100k

Car A & B, compare it between a Honda Accord 2.4 and a Cefiro (their price about the same..)
Car C, take it as a continental car.

A, B, C which will have higher value?

Do we look at the OMV of the car or what?

thanks..

huoye SG

u can look at the paper rebate from www.onemotoring.com under online enquiries on the left hand corner. It will require ur IC and licence plate no and when u want to de-reg the vehicle...
so u add both amt. together den maybe + a few K for the value of ur car body and u got ur resale value.......................anyway hard to tok abt resale value in 5 yrs time cuz market not very predictable but for 10 yrs its juz ur PARF value on the logcard........

zerocool85 SG

thanks for trying to answer my question..

but i'm asking when u walk into a car show room.. without owning nor selling currently own cars.. do not want to find out the value.. how do we know which car has a better value when u want to sell it in future..

carmour SG

you can check out the resale value of cars here: http://www.sgcarmart.com/main/listing.php

Find 2 different car models with about the same registration date, and compare their price difference.
It should be easy to reach a conclusion. Very Happy

huoye SG

well....if its after 5 year it is definitely paper value..........this leh u can ask the SE wad is the current paper value den u divide by 2 lor........
As for 10 yrs lagi easier it is the PARF value stated on the logcard
And if u dun wan to find out about the value....den i will say the more expensive the car the more likely the resale value will be higher.......but for certain cars for eg: rover and skoda the resale is not dat good..........while jap cars r generally better due to its high demand........but anyway now almost all 2nd cars haf low resale value..due to current cheap new car prices........maybe execpt for honda eg6 and ek4 and ek9 cuz they r in very high demand by ah bengs................ Laughing

carmour SG

That is not very true. Not all cars after 5 years is paper value. It depends on quite alot of factors like COE price, car model and stuffs. Paper value is just the minimum price that you get. Right now, the trend is to scrap most 2nd-hand cars due to the Govt change of Parf rebate percentage therefore, alot of the time(but not all the time) you get paper value for your used car.. 5 years down the road will probably be a different story.

The price you get 5years down may not neccessarily be paper value. Depends on market conditions. Will probably be more if Govt don't change PARF policy. But the price gap between various models should stay more or less the same as the resale market now.

huoye SG

eh…...i agree but dats the only way to look the value at the current moment unless u can predict the future and somemore i think we will be toking more abt the common cars and not the mercs, big bmws or ferraris etc but mostly normal cars like sunny,vios,altis,TS, blah blah blah….... and even if u wan to sell ur paper value to dealer now i think they will only take it at a cost of abt 5% off ur paper value if u duno the dealer cuz there is an influx of paper rebates wif 2nd car dealers now