Old car versus New Car (Need help!)
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I have a big dilemma now
I am eyeing a brand new Mazda Premacy and was offered $71k.
My current car is a June 2001 Mazda 323 1.6 Manual and initially I had only wanted to change out in June 2005. My OMV is $15k, COE $26k, current paper value $35k. I am being offered $39k for my current car for trade-in. My car is in excellent condition and I have not had any problems at all.
Should I wait till June 2006, when my paper value is about $32k + a few $k for the body or should I make the change now.
Anybody got a good advice whether I should be patient or I should commit now.
Need help as I need to commit on the new car b4 the next COE bidding. -
i was at the same situation as u this month..but decided to take the plunge this month...
reasons:
this year got so many new launches coming up....e.g. especially 3-series... so you think COE will stay below 20k?....make a bet....
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hv u decided on new car, my advice is to keep until next yrs. firstly, u will lower the outstanding amount and it only cost you 2.6k depreciation for driving your car 1 full year. New premacy will be out by then, do not know the advantage of the new car, my guess is it will be improve.
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My adventure was truly amazing. I was offered $69k for new Premacy by Mazda Motors 1 day before the latest round of bidding (I think they were desperate to get rid of old stock).
I went down with Mazda motor armed with cheque book and a full load of my family to test drive the car. Unforturnately, all of them dislike the cramped 3rd row.
Since the reason I wanted an MPV was for my family and they disliked it, I have decided to pass on the good deal.
Now I am looking at Toyota Wish and Honda Stream. However, as these 2 models are more than $10k higher than Premacy, it is way beyond my budget. Also considering 2nd hand for these models but the 2nd hand ones I have seen are still very high in terms of depreciation. May consider taking risk and buying repossessed ones.
So for now, I am still driving my 2001 Mazda 323.....
Still have more than 1 year to go before I reach year 5 so time is on my side.
Meanwhile if I go out with my children and parents, my children just have to sit on grandpa's and grandma's lap -
I believe u r looking for a full size MPV, why not consider the Trajet. I am not sure of the ride quality and if this car is under power (2.0 model). The price is in between those that u have in mind. Make a wise decision yourself, don't buy and regret later.Originally posted by wsoon:My adventure was truly amazing. I was offered $69k for new Premacy by Mazda Motors 1 day before the latest round of bidding (I think they were desperate to get rid of old stock).
I went down with Mazda motor armed with cheque book and a full load of my family to test drive the car. Unforturnately, all of them dislike the cramped 3rd row.
Since the reason I wanted an MPV was for my family and they disliked it, I have decided to pass on the good deal.
Now I am looking at Toyota Wish and Honda Stream. However, as these 2 models are more than $10k higher than Premacy, it is way beyond my budget. Also considering 2nd hand for these models but the 2nd hand ones I have seen are still very high in terms of depreciation. May consider taking risk and buying repossessed ones.
So for now, I am still driving my 2001 Mazda 323.....
Still have more than 1 year to go before I reach year 5 so time is on my side.
Meanwhile if I go out with my children and parents, my children just have to sit on grandpa's and grandma's lap -
I have test driven that car 2.0L version last month. I feel that it is quite under powered. I also don't want to consider the 2.7L version because of fuel consumption and high road tax.