Agree. It all depends on your need/want and how long before you to change yr ride again. If you just want a pt A to B vehicle and keeping it till it expires, get a new one.Originally posted by kmkm:if you intend to drive 1-2 yrs only then may consider finding a second hand car that is relatively new, e.g. 2-3yrs old, Reason is that the high depreciation has been absorbed by previous owner already and you won't lose as much cash as compared to buying a brand new car.![]()
Thats true. But if you sell in 1~2yrs time, you lose BIG TIME !!Originally posted by hp28:new car is much cheaper, relief your monthly installment + interest saving
plus 3years/100,000 km warranty![]()
but nowadays 2 year old car is only 3-4k cheaper than brand new car, e.g. Nissan Sunny. Is this still true??Originally posted by fondue:Thats true. But if you sell in 1~2yrs time, you lose BIG TIME !!
If you intend to keep car for only 4 years, it's possible that buying 2yr old car may still be better (depending on its resale value). Reason is the COE+Parf rebate of the old car may still be higher than the new car, which will then translate into a higher resale value even though it's an older car.Originally posted by findingnewidea:but nowadays 2 year old car is only 3-4k cheaper than brand new car, e.g. Nissan Sunny. Is this still true??
I want to buy a car for at least 4 years, how? still buying 2 year old car worth it??
but if new car keeps at this low price, very likely if coe number increase next year. the chance to sell off second hand car at higher price is unlikely.Originally posted by kmkm:If you intend to keep car for only 4 years, it's possible that buying 2yr old car may still be better (depending on its resale value). Reason is the COE+Parf rebate of the old car may still be higher than the new car, which will then translate into a higher resale value even though it's an older car.
But of course got other considerations such as warranty, maintenance cost and condition of old car, etc. The point is you got to decide on how long you will want to keep the car and do some careful calculations.
I guess the important thing is to buy something you really like (subject to financial health of coz!!). In this way, you won't tend to change car so easily ==> waste less moneyOriginally posted by fondue:Thats true. But if you sell in 1~2yrs time, you lose BIG TIME !!