Just went down to kaki Bukit to check out some cars, saw this 1998 Dec Nissan March. Price S$34K. Parf 10K. Depreciation of around $5300 per yr. Is it worth buying? downpayment $5k, interest at 2.8%. Monthly instalment work out to around $700 for 4 yrs loan. bro and sis out there, pls offer yr valuable advice.
dun think advisable....think a bit steep...some more for that price u might as well get a 1.5 or 1.6 car...
Hi,
As mentioned, I used to drove a Nissan March before..... an its a 1998 one as well, in June.
Sold it last April or May I believe, almost 5 yrs old at 35k. The depreciation I for then was S$4,800 as I bought it at 47k with 6 yrs and 8 mnths left. But of cause, i bought directly from owner thus the price.
Oh by the way mine is an auto one.
Your depreciation is a little steep. Now market for 2nd hand car is bad, thus I believe you can still push down the figures by a few thousands. Believe a depreciation of 5k will be nice and achievable. Just try, no harm done.
Nevertheless, the March is a very good car. The 98 model has full leather interior and 4 power windows and steerling as well. Easy to maintain and cheap spare parts if done at outside workshop. The car should have no problem lasting till its scrap.
Or if you want cheaper alternative, maybe you can consider the Kia Picanto or Perduoa Kelisa. The depreciation should be 4.5-4.6k a yr. Or the Hyundai Atos for 2nd hand car. But of cause, I believe the March quality is much better.
Just some infor to share and hope you find it useful.