Model: Mazda 3
Age : 3yrs
COE : $16,800
Loan : $65,000 left
Trade In
Model: Hyundai Alvante
Cost : $37,500
If I trade in my car, how much more I have to fork out??
Thanks Brothers!
Let's say your Mazda3's trade-in value is $30,000 (rough estimate).
Then you need to fork out: $ (65000 - 30000 + 37500) = $72500
The figure is a rough estimate for simplicity's sake.
The price also excludes Parf and COE rebates that you are entitled to.
Correct me if I'm wrong...haha....
Originally posted by lianamaster:Let's say your Mazda3's trade-in value is $30,000 (rough estimate).
Then you need to fork out: $ (65000 - 30000 + 37500) = $72500
The figure is a rough estimate for simplicity's sake.
The price also excludes Parf and COE rebates that you are entitled to.
Correct me if I'm wrong...haha....
Your rough trade in estimate of 30k odd is correct. For in depth details, can ask sinicker. I'm surprised that TS still has a loan of 65k left even after 3 years; did he take up a high percentage and long term >7 years loan?
The 30k for the Mazda will include the remaining Parf/COE/Body value. So if TS wants to buy an Avante, it is correct that in addition to forking out money for the new Avante, he also has to cover the remaining loan quantum left for his Mazda. Lianamaster is correct in his calculation.
Like that hor, TS would save more if he sticks to his Mazda3..... $65k worth of loan is a lot... I think he takes a full loan and drives a Mazda3 2.0 version.
The car so expensive that he still has $65k remainder of loan after 3 years...
The range is about $30k to $45k depending on the number of years used. I used that figure for simple calculations.
But anyway, big cars depreciate a lot more than its smaller siblings, so that comes as no surprise... haha....
Buy car in singapore, you defenitely lose money. We are already paying a huge premium for cars. To TS, in view of the current global crisis, you are better off sticking to your old car.
Originally posted by 扎fit 人:Buy car in singapore, you defenitely lose money. We are already paying a huge premium for cars. To TS, in view of the current global crisis, you are better off sticking to your old car.
i concur.
any specific reason y u changing?
Buying cars in SG definately lose $ even for Off peak ones,Unlike in other countries where you can own them until you sian....Lucky i got the best of both world,Owning a car and bike in JB and 1 simple car in SG
Originally posted by carbikebus:Buying cars in SG definately lose $ even for Off peak ones,Unlike in other countries where you can own them until you sian....
That's true... it's the indulgence and experience on the car that is priceless.