QUOTE(Kendall @ Nov 29 2021, 09:33 AM)
How long you plan to loan?
I have been driving cars with low RV(hybrids, korean car, french cars and coupe) but have no issue to sell it because my loan tenure is max 4 years. and I have been changing cars every 2 years, so by the time i planned to change the car, the resale value is enough to cover for the outstanding and some left overs for new car dp.
I'm planning to loan for 7 years although I can afford 5-6 years, so as to reduce monthly commitment on cars. As it is a C segment, the parts/maintenance cost may be higher than B segment cars especially the tyres, so I would very much like to have better cashflow monthly than to aim to finish loan asap. Please correct me if I have the incorrect understanding of how loan/cash flow works
QUOTE(bashlyner @ Nov 29 2021, 09:52 AM)
You can try compare the RV of these car on car listing website to gauge around how much depreciation per year. The depreciation will be getting lower and lower over the years so it might not have much different if you are getting a >7years car. I think the decision is based on whether you willing to go for B segment car, like what you posted if you want a C Segment then the Japanese brand will cost at least 10k more which also mean more insurance cost.
Seriously if RV is your main concern and your parent's opinion is important (e.g. they are sponsoring the downpayment) then just go for Japanese brand. No amount of information can change their mindset unless they personally own and maintain one.
It's funny how a 2014 Toyota vios can still fetch around rm50k in a used car dealer. 7 years car with depreciation less than 50%, I would rather just go for a new vios if I'm going for a Toyota.
On a side note, is the maintenance cost of a 2.0 Cerato comparable to an 1.6 one? Any special things/parts to take note of?
QUOTE(speedy3210 @ Nov 29 2021, 09:58 AM)
In used car market, 1st owner will always take the hardest hit on resale value. Subsequent owners will normally just follow whatever leftover of the market value of the car. Why overthink on the resale value when you are aiming for a pre-loved unit? Isn't it clear as daylight that you are going in to pre-loved market that 1st or other owners have taken the hit? Instead of worrying about RV, your focus should revolve more on the actual condition of the pre-loved cars of your choice. And for this 1 reason, I have advised you to go for direct purchase from owner, NOT 2nd hand car dealers. Seems like you missed that piece of very important part. FYI 3/4 of my cars are pre-loved, and NONE went thru 2nd hand car dealers.
All the best to you.
The car I'm interested in is actually from a direct owner, a Kia Cerato 2.0 year 15 for slightly below 50k. Their concerns are mainly parts availability (which I believe has been resolved very much in recent years) and RV down the road when I sell my car in the future for an upgrade.
I think the first owner has taken a hit of close to rm70k (60% of car price) in 5 years. Enlighten me if the offer I received is still too high