Dear all,

I will be paying balance deposit for my new car tomorrow, and should be getting my car on 31 December 2010. I am just wondering whether it makes sense for me to delay the registration by a few more days so that my car can be registered as 2011 car, hence enabling me to fetch better resale value in the future. What do you guys think?

Absolutely.

yup...more after-market value!!!!

But some say it is actually based on year of manufacture, not registration. That is the reason why I asked.

The resale value depend on the the year car made as stated in the 'geran'.

paying deposit few days late can make ur car cheaper (if local made) .. coz ur car now is one year older XD

There is no harm is there? Next year then.

Yes.. Based on manufactured year..

Your car is measured by the manufactured date. If you want a 2011 year manufactured car, you need to wait at least till April or May (Most of the time) . Just to share a bit from my recent finding of buying a car now, coz i just bought mine too

Pros
1. You can get your car now, rather than waiting till next year and die of anxiety.
2. Usually at end year, there will be lots of different rebates and discounts by car dealers, and surprisingly, sometimes good interest rates from banks. (Being a salesman, they got end year target to achieve too.)

Cons
1. Your car geran states the vehicle age as one year older : /
2. Lower resale value from car dealers.
3. Reminder that bank usually do not approve loan for car >10 years that easily.
4. Some slight impact from insurance company during claim. They will say your car is this year that year bla bla to lower ur claim. : /

However, the first 3 disadvantage is about selling your car. Tips from me is that, sometime we dont have to approach those car dealers who will squeeze you to trade in at a lower price. Try sell it directly to the end user. From past experience, people judge the car by the performance and also the car condition. As long you take good care of the body frame and engine, the resale value can still be promising. : ) I sold off my 10 years car at a good price still recently.

This post has been edited by Poodlepaddly: Dec 19 2010, 08:55 PM

aiks i thought it was following the date it was manufactured. That is the reason why they are giving so much rebate for car which is 1 years older right? No?

u should... and re-confirm about it with ur SA... later he malas2 he dun do that...

but my kelisa case diff.. register year 2003.. manufacturing year 2002... they take the 2002 as my base price...

confused now..

This post has been edited by omara86: Dec 19 2010, 09:14 PM

There is still no agreement on the basis for trading in. Some are saying it is based on manufacture, and some say based on registration.

I am super confused...

Yeap. Since you know now, you can use this as a bargaining point to talk to you SA. Ask for more discount : )

Correct. Example a car was manufactured in Dec 2002 and but registered in 2003 when they sold to you. In 2010 we still count this car as 8 years old car because we count from the date of manufacture.

This post has been edited by Poodlepaddly: Dec 19 2010, 09:49 PM

Then in this case why should TS delay another year in getting the car le? since the price is actually base on the manufacturer date.

I can confirm that it based on manufacture year.

Actually it really depends on individual and urgency for the car. If you can wait, by all mean please wait. However as above, please take note if you want a 2011 manufactured and registered car, you need to wait at least till April/May for most of the big players (Honda, Vios etc), as they are still trying to clear the previous year stocks within Q1, Q2.

Or if you are in urgent need for a better car for travelling, working or to fulfill your self desire (which is my case ) You can get the car now. Trust me, waiting for a car for me was torturous. I rather get on with life, buy the car, refresh the confidence, reboost my working energy and get down the road to earn more money, than just sitting at home thinking about the car i will get in the coming 6 month. Just my humble 2 cent

When I mentioned I may want to wait, I did not really mean that I would wait for a few months for 2011 manufactured cars to be out. I was thinking of waiting a couple more days just so that I can register my 2010 cars in 2011, and make it a 2011 registered-car. I guess it will be futile from what I can read here, because it is all based on manufacture year, and not registration year. Hence, unless someone can tell us here again that it makes alot of sense to wait a couple of days to register in 2011, I would just proceed and get the car on 31 December 2010.

This post has been edited by Chronox: Dec 19 2010, 11:10 PM

+1

if TS no going to sell your car for the next 5+ years... "older" car maunfactured with discount price should be ok...

But I am not going to get special discount in any case. I have paid the deposit for the price in early December 2010 without any discount. Buying KIA Forte.

Any discount in January may only be applicable for those deals secured in January 2011.

but for me, i'll just delay 1 day since you're a bit uncertain. I hope your SA is willing to do that for u....