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 Car Resale Values, Fact or Myth?

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zweimmk
post Mar 8 2013, 11:39 AM

On my way
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QUOTE(EnergyAnalyst @ Mar 8 2013, 10:19 AM)
using your argument,

407 's higher total lost of $9,454 can actually be smaller due to 9.5k  5 years later is actually not worth the 9.5k of TODAY, in real calculation, it 'll be may be 9k only or even lesser depends on inflation rate

407 has LOWER start-up cost
$15,499 (camry) - $13,688 (407) = $1,811 since this is calculated in present day value, so this part is ok

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

again this need to factor in the yearly cost of fund, so the value of 18.7 k could be higher slightly and may well be over RM20k (of Today cash )

So conclusion is taking Pug 407 is better since

20+1.8 -9 = 12.8k

Money wise it looks right (as long as the maintenance cost is the same, but if they are not and IF Pug costing more than Toyota tallo maintain and repair, than the difference will be smaller, nevetheless 12.8k is a very good buffer.

Overall, nice piece of work there thumbup.gif
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Eh, no need to look at the issue with so much complexity by talking about inflation. Truth is, if you actually throw in cost of maintenance, the P407 will probably suffer another additional 1.5k conservatively in losses. We've already proven that Japanese cars tend to be cheaper to maintain compared to the continental equivalents as long as the service interval is set at every 10,000km.

But it still is an easier car to buy because the initial cost of purchase is lower.
zweimmk
post Mar 8 2013, 11:59 AM

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QUOTE(azfamy @ Mar 8 2013, 11:00 AM)
By the way, I think the original post/calculation was made by me, in a Mazda6 thread. I was just trying make a simple illustration on how poor resale vale can be offset by lower purchase price, from a financial point of view. There were a few assumptions though e.g. comparison should be cars of the same segment (in the example, both are d-segments), should be of same age, no change in new price (e.g. change in tax structure, etc.) bla bla... I was doing it out of boredom as I like playing with numbers.
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Yes it is. We talked about this in the M6 thread.

Actually I'm rather interested in knowing how much resale value the 308THP/VTI can fetch. Any former owners can share how much they managed to sell the car for?

I bought my Corolla Altis 1.8G in 2008 for RM116,900 (OTR). I sold the car last year for RM81,000

On Mudah, the listing price for the 2009 Altis is around 76k on average. So 2nd hand dealers will probably give you around 72k give or take a few.

A full spec P308THP model 2009 is selling on mudah for RM64,000 on average. The 2010 model is only doing around 72k on average. So if you take off 5k on average when dealing with 2nd hand dealers, that number drops to about 62k ~ 67k.

Why is the difference so big? Back when it first launched in 2008, the 308 was one of the best equipped cars in the market. Is there any reason why the gap is so big?
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