Dec 3 2013, 09:46 PM
QUOTE(N1ck @ Mar 20 2013, 03:41 PM)
He is comparing the same category same class of cars. He is proving the hypothesis wrong that buying a Toyota instead of a Kia would save you money.
Rather than getting a Toyota Camry because you want money from resale value, you get a cheaper Kia instead which his calculation proves is more value.
Anyway, still need to factor in cost of servicing and parts. My dad had a previous gen Camry, he loved it due to relatively cheap services and very little problems. However I think all cars also not much problems right.
I see downside on buying low resale value car, there are reasons why cars are having low resale value, most probably the poor after sales support and low demand and hard to sell as used car. Rather than getting a Toyota Camry because you want money from resale value, you get a cheaper Kia instead which his calculation proves is more value.
Anyway, still need to factor in cost of servicing and parts. My dad had a previous gen Camry, he loved it due to relatively cheap services and very little problems. However I think all cars also not much problems right.
selling the car with higher demand comes more handy when its time to sell, the asking price seen on car sales website for low demand car is going down and down most of time because dealers are selective.
having slightly higher startup cost and monthly cost (rm300) saves the hassle when selling, also saves up 10k more cash in the end.
lastly, if buy a low resale value car, by investing rm300 monthly that was earned from the difference in car price, can earn back rm10000 in 5 years time?
so, its up to personal taste and enjoyment, in terms of money, buying low resale value car sure no good
This post has been edited by jing_kohkoh: Dec 3 2013, 09:55 PM
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