Question on Cost Breakdown

Ashitaka SG

Hi, I extracted these info and i need some kind soul to help with my queries on some figures..

- I assume there are about 42 mths left to the car?
- How much would i be required to pay per month?
- If I service the car through to its scrape, how much would I get back?
- Does the OMV fall some each year?

Nissan March 1.0
Price: $26,000
Engine Capacity: 1000 cc
Gear: Manual
Mileage: 40,000 km
Vehicle Features: Power steering, 4-power windows, power side mirror
Accessories: Sport-rim, hifi, leather seats, etc
Description: Full-featured car with fuel injection engine. 1 owner only.
Registration Date: 28-Apr-1998
Depreciation: $4,942 per year
COE: $30,500
OMV: $10,880

I'm new around, thanks for any help, appreciate any advice..

Ah Wei SG

Hi,

Hope this helps:-
1) Yes, there are 42 mnths left in this car.

2) presume you drive the car away at 0 drive away, your mnth will be ard SGD678.00 a month for 42 mnths loan.........

3) You'll get back abt SGD8700.00 when you scrap the car in 2008 April. Its known as the parf.

4) OMV remains the same throughout.

ANyway, a 4.9k depreciation for a Nissan March at this current market is consider expensive. the depreciation of a Nissan March 1.0l now is around 4.4-4.6k at most........... I just happened to help a friend look out for one recently (earlier this mnth). Of cos, a lot still depends on the condition.

Also, the 40,000km mileage is very doubtful............ too little for comfort. But is its real, than it must be a pretty 'new' car............

Ashitaka SG

Hi Ah Wei, thanks for the kind scoop!
That cleared up much but being the hopeless newbie, I have a somemore questions lined up..

1) good, i didn't embarass myself on the arithmetics.. Here's a part where i'm usually lost, if i should i choose to sell the car after a year, what would i be looking at? Eg, what happens to the loan; would i make a substantial loss; considerations you veterans make; etc..

2) thanks for the figure, looks like it came processed with a 10.5% interest from the $26K pricetag. Maybe it would be wise for me to go toss in a 20% downpayment..

3) How did you arrive at the PARF? is it fixed?

4a) uh, i don't seem to see the use of the OMV figure.. maybe i shouldn't bother about it?

4b) The depreciation figure, how does it come about and how does it affect the consumer? From your example, it seems to fluctuate, differ car to car.

Once again, thanks for the assistance, your friend's fortunate to have your help.

elfhunter SG

Hi

If you want to buy a car, might as well get a new a car since COE is so low nowaday.

PARF Vaule can is get from the OMV.

PARF Value decrease every year depending on the age of the car.

OMV stay the same, but it is very important and it help to to calculate the scape value and depreciation of the car.

Agent car usually have a lower OMV and there higher depreciation per year compared to parallel imports car.

If you are imterested to get a car, please call me at eric 94371122 to see if I can help u.

Cheers!!!