Hi all,

Can i know where to check current market value for car? Any website?

check here
carlist

This post has been edited by rangeseven: Feb 1 2011, 11:28 AM

mudah.my

tell you it is hard to determined that what or how much of your car? coz physically do not able to see your car? Anyway it is just a guide line.
Not an accurate price, however if we get it from Insurance company or the financial institute also not 100% accurate coz each different institute bank or insurance even car dealers have diff price.

just want to say even the accountant will say....let say every year i wil depreciate 10% the price also will not same or accurate.

Have to check by yrself! Hope can help you here.

Hope this site can help u

very interesting , cannot register lar.

the most important part is how much loan can the bank offer you for your car as most people would rather take full loan then paying a downpayment. call up the bank and ask the officer whats the maximum loan they can offer for your car.

websites like mudah can also give you a rough idea, but i find that there are a lot of fake ads. so don't rely 100%, you should probably take the average asking price instead of the lowest. The condition of the car also makes a huge difference obviously.

---

Added on February 1, 2011, 10:13 pmbank evaluation is quite consistent, its based on red book.
This post has been edited by Drunken_Master: Feb 1 2011, 10:13 PM

Is it i can simply call any bank that offer hire purchase & ask for market value for my current car?

My current situation is i got a year 2005 Gen2 that i wish to trade in to car dealer & the funny thing is each dealer try to offer price range between 17K-20K. Is it i will get higher trade in value if i sell my car according to the state of the number plate issued?

ask your insurance company, they insure the amount(price) of your car so they know the market price best.

some insurance co. have funny figures.. i got quoted much higher value than the current market.. probably they just want to make more $$$..

the best list so far is from here: http://www.einsuran.com/vmv.html
really close to the real market value.

Thanks bro. Checked the website & nice infor there. But i wonder my 2005 Gen2 still got market value of 26K?

no registration needed

ok i will try again ...as i had chosen the brand, model and year of made then prompt out me to register...!

will let u know...

---

Added on February 3, 2011, 9:11 pmwell..thanks for yr info here. As the Market value seems is higher or better then AM Assurance that i had been given. But it is still lesser to other Insurance company

---

Added on February 3, 2011, 9:29 pmWell this is a system from an Insurance company that can give you a place to take as a guide to check the sum insured or we will say as layman english Market value.

Also from their own statistic , base on claim experienced of this car !

Not saying this car have 26 k. Please do not being misunderstood.

You will ask yrself say fine since u said the m/value is like this ....i sell u this price. Will the car dealers will want to buy it?

Anyway he is right here while the m/v or s/i is higher then others insurance company.


This post has been edited by sfotsy: Feb 3 2011, 09:31 PM

bump!

site still working:
http://www.autoclaims.com.my - free
http://www.carprices.com.my/abi/pricingInfo.htm - must pay rm10 to get quotation

is this website reliable? i got a few quotations which is 8k lower than what the website stated!

http://autoclaims.com.my/agv1/index.php

It's the reference value for insurance sum assured. You can't expect the buyer/trade-in to give you the similar value.

quotation for what value? trade-in? market rate?

The agreed value stated by motor insurance guides is over-inflated and designed to suck more cash (the premium payable) out of you. Here's my analysis:

The agreed value on their official insurance guideline for a 2004 Honda City I-DSI is RM36,000.

The non-negotiated average market value derived from a renowned used car portal (eg carlist.com.my) as at this time (based on 12 similar car model and year) is RM29,600.

When you sign on to any online portal eg etiqa takaful, you are asked to insure according to the insurance guideline which is @ RM36,000 or @ the lowest limit allowable of RM33,000.

So if you insist to insure at the "true market value" of RM29,600, your vehicle is deemed "under-insured". With that excuse, if the car gets stolen, you can claim only about 90% because you would have deemed to have voluntarily under-insured your vehicle by about 10%. I believe when it comes to actual compensation, as I have read in this forum, insurance companies will only offer you 70 to 80% of the market value even if you stayed with their official insurance guideline. In all circumstances, you end up the sore loser. You need them more than they need you!

Use this:

http://www.insuranceinfo.com.my/help_and_a...ntPrefLangID=1&

Always make sure your car value is based on the values provided by ISM ABI. ISM was conceptualized in 1998 by the General Insurance Association of Malaysia (PIAM) as the Malaysian Insurance Rating Organisation (MIRO) project

https://www.ism.net.my/

There are a number of insurance companies which over-value your cars to make you pay higher premiums. Allianz is one of them.

I further add that the "true market value" derived from the popular used car portal is very conservative since it is "not yet negotiated asking price of sellers". Effectively I am saying that buying motor insurance based on the official motor insurance guides is akin to paying inflated premium prices.

Yes but if insurance companies use ISM ABI to determine car values, then you're quite safe.

When i checked the value of my car earlier, Allianz quoted me RM 130,000 while the link i provided which referenced ISM ABI valued it at only RM 100,000 which is the correct market value for my car.

So far i know that Zurich Insurance uses ISM ABI.

Redbook website.

Thanks for the link. It only goes to reinforce what I have originally concluded.
ISM provided a market value of Rm33,100. Popular used car portal "car list.com.my" produced a computed average market value from 12 cars of same model and year (2004 Honda City i-DSI) at Rm29,600. Now what then is the true market value? Should we rely on expert opinion from ISM or on what is transacting in the real market place, notwithstanding that this is in fact the prior negotiated asking price of the sellers? Indeed the real market price could be much less. Could all this be the collaboration of experts and insurance companies making a quick kill on the innocent customer or the result of a careless expert?

I also check my car value from http://priceguide.my. It give me a good price guide before talking to my dealers.

The market price definitely not trusted at all. I sold my bimmer recently for 52k and URL telling me 96k.

http://www.autoclaims.com.my/agv1/

pls provide login/password..

currently using these 3, but all giving different results:

being the highest market value:
https://www.oto.my/tool/car-market-value-guide/

being the average market value:
https://www.takaful-malaysia.com.my/contact...arketvalue.aspx

being the lowest market value:
https://www.mycarinfo.com.my/MarketValue

which u all think is the most accurate, or best tool to use?

mycarinfo, because this site linked with ISM.

Thanks