i wonder why typical malaysians always think of resale value when buying new car? not yet buy already think to sell it? haha

I guess it depends on a persons' wealth. I'm a poor person, so I always make calculations when making or considering major purchases that costs hundreds of thousands. Of course rich guys can just splurge, or pay other people to calculate for them.

normally people considering the RV meaning that they plan to sell in in a short period right?
if one is poor why need to change the car so often?
buy 1 decent 1 then use it for long time

sometime they talk only wanna sell in short period, when time passes they just aiya, still can drive ma, why change, end up driving the car for 7-10 years

coz they treat car as investment?

haha, car is never an investment

indeed a 'nice car' can last more than 10 years.
e.g. PROTON WIRA

This post has been edited by edison1437: Mar 8 2013, 12:31 PM

only 1 ppl here is good in investing,so, by his calculations tweaking by someone else,watever car versus toyota, watever car wins

When he posted this a few months back, i immediately saved the calculations on my computer for reference. I was going through my files this morning when i found this and decided to post it.

And your point is?

nth sifu

This post has been edited by edison1437: Mar 8 2013, 12:37 PM

Its ppl like you who ruin mature threads like this. Can we have some more constructive comments please?

is tat y u decided to buy tat K5? u gotta thank him.....

Bro, common la. Im sure u know that i didnt buy my ride in Jan this year rite?

Anyway, i was one of those who thought very highly about resale values too. But after reading many articles i began to understand there are more important factors to consider than just resale value. Hence my decision to leave Toyota after 9.5 years.

1,063 views in less than 4hrs. Not bad eh.

This post has been edited by cybermaster98: Mar 8 2013, 12:47 PM

Yes, you can say cars aren't investments. We can consider them as lialibilties/losses. But the point of making some rough calculation to find out if we can minimize loss. My earlier calculation is just to show how RV can be overrated i.e. not exactly superb financially speaking. I'm not Sam Loo lah bros, don't shoot me.

Haha! Sam Loo! That fellow gone silent now eh? Wonder what happened to him. Well personally i think that was a good calculation you made. Any other calculations you have done since?

Also a good indicator to know how much your car is worth at any particular time and the price you can expect to get.

You never know when you may have reason to suddenly sell your car prematurely: migrating, suddenly strike jackpot so upgrading to the latest Beemer, liquidating your car for quick cash, etc etc.

Erm no, not since. The initial figures (brand new and resale car price of camry/407) that i used is from @Zenix IINM. The calculation can be easily replicated or modified, depending on what you want to calculate. Just to note, that I had no intention to buy either of the cars, it was just a very crude illustration, accountants will probably laugh at it.

accident total loss etc..where you might have to top up to settle to the bank because the market value dropped like a brick.