Mar 11 2013, 09:24 PM
QUOTE(cbinn @ Mar 11 2013, 01:00 AM)
One year drop 20 to 25k is about 20 to 25% drop, I thought that's quite normal for imported car?
Hybrid car will have slightly lower resale value due to:
1) There are not a lot of hybrid on the road (as compared to other non-hybrid models). People have perception that when you do not see that car much, means to find a place for repair and spare parts would be difficult, so people tend to shy away from buy that car in second hand market.
2) Honda Insight is CBU from Japan, means any major parts need to be imported. On second hand market, easy availability of parts is one important consideration.
3) When you buy a second hand Insight, you do not know how the previous owner had been driving it. There are too many electronics and complex system in Insight (of course, Prius HSD is even more complex). That create higher chance and more points of failure when the car gets older or second hand.
4) A lot of talk about the IMA battery in the car does not last long, and a lot of people discussing about how their 1 year old car started to develop funny IMA behavior e.g. sudden lost of assist and keep on regen when uphill etc. This is shying away a lot of potential buyer in second hand market (actually this news is also shying away potential new Insight buyer too).
5) The IMA battery cannot be left unused for too long. Second hand car dealer usually keep their cars for months before can find a new buyer. Buyer will consider twice because they do not know the condition of the IMA battery. Buyer can bring an expert mechanic to check the engine and car body, but no way we can check the condition of the IMA battery.
Basically, I think Insight is not a bad choice to own if:
1) You drive a lot, the more mileage you have, the more saving you will get. Typical owner here in Klang Valley is getting around 550 to 600km for RM 62 of RON95 fuel. You do your math on how much km you travelling on a non hybrid in a month, then you can estimate how much you can safe and whether the saving is enough to compensate the slightly more expensive maintenance charge by Honda Malaysia every 5000km.
2) You plan to keep the car for a while. You will lost a lot if you sell off the car in a year or two.
3) You love technology and you love to be environment friendly, so you get to be different by owning a hybrid car.
4) The look of the car is actually very sporty, even if you compared to some non-hybrid at the similar price range, but anyway, the look thing can be different from person to person, so this point is up to you.
Item 4, sadly this is what many owner encounter, including myself. So far this is the only thing I not happy about my car. Can this be resolve? Reset ECU????Hybrid car will have slightly lower resale value due to:
1) There are not a lot of hybrid on the road (as compared to other non-hybrid models). People have perception that when you do not see that car much, means to find a place for repair and spare parts would be difficult, so people tend to shy away from buy that car in second hand market.
2) Honda Insight is CBU from Japan, means any major parts need to be imported. On second hand market, easy availability of parts is one important consideration.
3) When you buy a second hand Insight, you do not know how the previous owner had been driving it. There are too many electronics and complex system in Insight (of course, Prius HSD is even more complex). That create higher chance and more points of failure when the car gets older or second hand.
4) A lot of talk about the IMA battery in the car does not last long, and a lot of people discussing about how their 1 year old car started to develop funny IMA behavior e.g. sudden lost of assist and keep on regen when uphill etc. This is shying away a lot of potential buyer in second hand market (actually this news is also shying away potential new Insight buyer too).
5) The IMA battery cannot be left unused for too long. Second hand car dealer usually keep their cars for months before can find a new buyer. Buyer will consider twice because they do not know the condition of the IMA battery. Buyer can bring an expert mechanic to check the engine and car body, but no way we can check the condition of the IMA battery.
Basically, I think Insight is not a bad choice to own if:
1) You drive a lot, the more mileage you have, the more saving you will get. Typical owner here in Klang Valley is getting around 550 to 600km for RM 62 of RON95 fuel. You do your math on how much km you travelling on a non hybrid in a month, then you can estimate how much you can safe and whether the saving is enough to compensate the slightly more expensive maintenance charge by Honda Malaysia every 5000km.
2) You plan to keep the car for a while. You will lost a lot if you sell off the car in a year or two.
3) You love technology and you love to be environment friendly, so you get to be different by owning a hybrid car.
4) The look of the car is actually very sporty, even if you compared to some non-hybrid at the similar price range, but anyway, the look thing can be different from person to person, so this point is up to you.
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The sc guy told me they pull a cable in front to connect for the update. 
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