Originally posted by birdbird:
i got a Mitsubishi 1.5 GDI not more than 1 and half years old.I'm thinking of selling it off cos the monthly installment is getting a bit bue tahan.But the recent announcement by MAS to remove the 30% cap and report of poor biz for resale cars is giving me headaches on whether this is the rt time to sell off or shld i wait.Any advice??
After the announcement, You can forget abt selling your car...
Unless you want to make a big loss...
Now current price for a brand new car is super low... somemore no need "Downpayment" and can take "10 year loan"
Unless you adjust your annual dep until lower than a brand new car, Dun think you will have much chance of selling it... even if you sell to dealer... think he will squeeze you dry and most prob you have to pay the bank alot...