is this a thread genuinely discussing how important RV or, it just an excuse hiding behind the importance of RV just because somebody bought a good car with very bad history thus that car now value worthless?

if everyone is doing the first part, then good lah. because RV is not only matter here, but all of the world. so does the running cost. how importance, thats another matter lah. but if everyone here is doing the second part, then i am afraid they are just trying to devalue something of a value in the first place.

okay, i see many people just look at the price tags alone. of which just half truth. so how about after sales stuffs? servicing easiness? parts easy to find? and very widespread presence nationawide? how about those stuffs? they do contribute to high RV.

are they justify the high selling price? well it depends on the situation. now easy la type behind keybord and say nothing matter except price tags. say what if your branded korean make had to stay in workshop for weeks because the parts yet to arrive from korea? or ur german make come in come out service centres simply because they cannot figure whats wrong?

all i am trying to say is, RV is not a matter of just the price tag. u gotta see the whole thing. okay now some brands of course selling good value for money. nevermind, for anyone buying those so please do so and enjoy whatever the brands are throwing. but hiding behind this RV to level the field isnt that nice.

how do u value satisfaction of ownership then?
the joy of driving?

i know my car might have shitty resale value IF i do want to sell it, but during the short time with the car, i have plenty of driving joy as compared to some boring boat...

how do u rate that value then?

scenario:
$10k saved but I lost 5 years of driving satisfaction?
nah... i will pass...
i rather have driving satisfaction then worrying about some figures that is going to hit me 5 years later...

facts please..

how do u value satisfaction of ownership then?
the joy of driving?

i know my car might have shitty resale value IF i do want to sell it, but during the short time with the car, i have plenty of driving joy as compared to some boring boat...

how do u rate that value then?

scenario:
$10k saved but I lost 5 years of driving satisfaction?
nah... i will pass...
i rather have driving satisfaction then worrying about some figures that is going to hit me 5 years later...

how do u rate that value then?

scenario:
$10k saved but I lost 5 years of driving satisfaction?
nah... i will pass...
i rather have driving satisfaction then worrying about some figures that is going to hit me 5 years later...

This calculation was shared by a LYN forumer some time back which ive tweaked to suit.

Very often, we always focus on the resale value of a particular model while ignoring the start up costs and monthly loan repayment costs. This tabulation will show you why cars with lower resale value may actually be a cheaper. This is of course assuming maintenance costs are similar.

Peugeot 407 Premium 2.0L

Purchase price (2008) = $136,888

Toyota Camry 2.0L

Purchase price (2008) = $154,990

For simplicity, let's assume service/maintenance costs are equal. Thus, after 5 years, a Peugeot 407 vs Toyota Camry:

407 has HIGHER total loss
$85,367 (407) - $75,913 (Camry) = $9,454

407 has LOWER start-up cost
$15,499 (camry) - $13,688 (407) = $1,811

407 has HIGHER monthly positive cash flow through lower installments
$2,673 (camry) - $2,361 (407) x 60 months = $ 18,720
SUMMARY

This clearly shows that although the Peugeot 407 has RM 9,454 lower trade in value after 5 years but it gains a total of RM 20,531 from lower start up costs and lower monthly loan installments.

Thus, buying cars with lower resale value isnt actually a poor financial decision. So i think with this, we should not allow resale values to govern our choice of vehicles. Safety, value for money, specifications and maintenance costs should take precedence.

What do you think?

This calculation was shared by a LYN forumer some time back which ive tweaked to suit.

Very often, we always focus on the resale value of a particular model while ignoring the start up costs and monthly loan repayment costs. This tabulation will show you why cars with lower resale value may actually be a cheaper. This is of course assuming maintenance costs are similar.

Peugeot 407 Premium 2.0L

Purchase price (2008) = $136,888
Downpayment = $13,688 (10%)
Interest rate = 3%
Tenure = 60 months (5 years)
Monthly loan payment = $2,361
Total loan paid = $2361 x 60 = $141679
Total paid for car = $141679 (loan) + $13688 (dp)= $155,367
Resell car 2013 (after 5 years) for $70k (49% loss)
Total loss (after 5 years) = $155,367 (what you paid for) - $70,000 (what you get) = $85,367
Toyota Camry 2.0L

Purchase price (2008) = $154,990
Downpayment = $15,499
Interest rate = 3%
Tenure = 60 months (5 years)
Monthly payment = $2,673
Total loan paid = $2,673 x 60 = $160,414
Total paid for car = $160,414 + $15,499 = $175,913
Resell car 2013 (after 5 years) for $100k (35% loss)
Total loss (after 5 years) = $175913 (what you paid for) - $100,000 (what you get) = $75,913

For simplicity, let's assume service/maintenance costs are equal. Thus, after 5 years, a Peugeot 407 vs Toyota Camry:

407 has HIGHER total loss
$85,367 (407) - $75,913 (Camry) = $9,454

407 has LOWER start-up cost
$15,499 (camry) - $13,688 (407) = $1,811

407 has HIGHER monthly positive cash flow through lower installments
$2,673 (camry) - $2,361 (407) x 60 months = $ 18,720
SUMMARY

This clearly shows that although the Peugeot 407 has RM 9,454 lower trade in value after 5 years but it gains a total of RM 20,531 from lower start up costs and lower monthly loan installments.

Thus, buying cars with lower resale value isnt actually a poor financial decision. So i think with this, we should not allow resale values to govern our choice of vehicles. Safety, value for money, specifications and maintenance costs should take precedence.

What do you think?

how do u value satisfaction of ownership then?
the joy of driving?

i know my car might have shitty resale value IF i do want to sell it, but during the short time with the car, i have plenty of driving joy as compared to some boring boat...

how do u rate that value then?

scenario:
$10k saved but I lost 5 years of driving satisfaction?
nah... i will pass...
i rather have driving satisfaction then worrying about some figures that is going to hit me 5 years later...

I think the big flaw in the calculation is the assumption that the service/maintenance costs are equal.
If they were really equal peugeout will never have such bad resale value in the first place.

Not just about driving satisfaction. How about peace of mind driving?
Driving a least-safe car equal waiting for disaster happen!

Resale value can be sacrificed but definitely not for your legs!


Here are the example car with premium price tag, high resale value but with poor safety rating:

I think the big flaw in the calculation is the assumption that the service/maintenance costs are equal.
If they were really equal peugeout will never have such bad resale value in the first place.

if like that all super bikes need to be thrown away as there is no protection but only satisfaction when riding it  :D

actually a suitable example could be by comparing the old sonata vs old camry or even old accord, from there, you might see the difference. of course, with those assumptions mentioned above.

if like that all super bikes need to be thrown away as there is no protection but only satisfaction when riding it 

This statement is true depending who you ask and how they rate safety. Many parents (including myself) will never let their children get motorcycle license or ride bikes. Road traffic fatality rates are highest among riders. I also already saw too many cases of "unnecessary" severe head injuries and fractures resulted from "minor" accidents to the extent that i feel bikes should be banned. "Unnecessary" here means that it could have been avoided had they had drive instead of riding. For those who couldn't afford cars, use public transport instead.

With the right protective gear and attitude it's not that bad. Of course, in Malaysia both are usually bad.

actually a suitable example could be by comparing the old sonata vs old camry or even old accord, from there, you might see the difference. of course, with those assumptions mentioned above.