Ben
Kia = The Power To Surprise[N4:a.436204208871.218979#####carlover76##]
Posts: 3,028
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Post by Ben on Sept 30, 2008 13:35:24 GMT 8
I just check out the New Honda City at the Motorshow, at least this version is nicer than the previous version but the centre console colouring is a bit out of place. But the car space is still small compared to Cerato and the head room is too low for me. Just my sharing and the SE claims that they are pushing this Thailand made City to other markets like USA or Europe. But with the pricey tag of $62K, there are really a lot of cars to consider.
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Post by BluePicanto on Sept 30, 2008 16:35:19 GMT 8
To each their own lo. I'd seen it @ Ubi showroom. The SE willing to give further discount some more. But for the $$, i would rather buy a Honda Freed. At least it's more practical for a familyman like me.
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Post by liu on Sept 30, 2008 21:26:23 GMT 8
I just check out the New Honda City at the Motorshow, at least this version is nicer than the previous version but the centre console colouring is a bit out of place. But the car space is still small compared to Cerato and the head room is too low for me. Just my sharing and the SE claims that they are pushing this Thailand made City to other markets like USA or Europe. But with the pricey tag of $62K, there are really a lot of cars to consider. Ben, you can check out the parallel-imported Honda Fit, which is around $10k cheaper and made-in-japan entirely. It is taller than the Honda City which means it has a relatively high head room. How tall are you?
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Post by sktan10 on Oct 1, 2008 10:11:53 GMT 8
To each their own lo. I'd seen it @ Ubi showroom. The SE willing to give further discount some more. But for the $$, i would rather buy a Honda Freed. At least it's more practical for a familyman like me. Yes!this is also what i feel.If die die must buy honda,i would also buy freed.The interior is biggest among all 1.5cc car & somemore made in japan. But for 60K+ budget i would not consider this two car.Like some bro say,there are a lot of choice out there.
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Post by acefission on Oct 1, 2008 21:44:28 GMT 8
Honda is alwis expensive even if the car is made in Tom Yam.
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Post by BluePicanto on Oct 1, 2008 22:57:36 GMT 8
Mazda oso same same. Whenever they launch the new ride, the price is always cannot make it 1. Dunno wat's inside their mind?
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Ben
Kia = The Power To Surprise[N4:a.436204208871.218979#####carlover76##]
Posts: 3,028
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Post by Ben on Oct 2, 2008 9:11:43 GMT 8
Honda is alwis expensive even if the car is made in Tom Yam. Honda is just overpriced. Just my opinion.
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Post by liu on Oct 2, 2008 18:39:37 GMT 8
You guys need to know that next time if you want to sell your Honda car away, the price will be much higher than Korean cars. And, the workmanship, quality, performance, design, etc, all make up for that extra dollars you spent. Worth it? You decide. Expensive? Well, that is why you need to be at least a semi-rich or rich man to own the brand of Honda.
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Post by sktan10 on Oct 2, 2008 20:04:42 GMT 8
You guys need to know that next time if you want to sell your Honda car away, the price will be much higher than Korean cars. And, the workmanship, quality, performance, design, etc, all make up for that extra dollars you spent. Worth it? You decide. Expensive? Well, that is why you need to be at least a semi-rich or rich man to own the brand of Honda. Not really la,bro!Are u base on hear say? My colleage just sold off his 2003(4.5yr 0ld) civic vti beginning of these year. C&C only willing to take in paper value + 2K body. In the end still trade-in to kah motor for 6K body in the exchange of new civic FD.Honda to honda better price.
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Post by BluePicanto on Oct 2, 2008 20:34:18 GMT 8
All body values depends on dealer 1 lo. To wat i know Kah Motor & Komoco always giving a better body value. C&C will follow the lowest offer. Like my friend's 06 Sunny, Kah Motor take in 30k (10k abv paper) whereas cycle only take in 24k (3+k abv paper). How come diff so much? I oso very doubt on it leh.
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Post by liu on Oct 2, 2008 21:42:51 GMT 8
You guys need to know that next time if you want to sell your Honda car away, the price will be much higher than Korean cars. And, the workmanship, quality, performance, design, etc, all make up for that extra dollars you spent. Worth it? You decide. Expensive? Well, that is why you need to be at least a semi-rich or rich man to own the brand of Honda. Not really la,bro!Are u base on hear say? My colleage just sold off his 2003(4.5yr 0ld) civic vti beginning of these year. C&C only willing to take in paper value + 2K body. In the end still trade-in to kah motor for 6K body in the exchange of new civic FD.Honda to honda better price. 2003... come on, it should be scrapped. Parallel importers and second hand dealers do take in Honda old models at higher trade-in value than C and C. I expect you to sell it to second hand dealers. Take a Hyundai Verna for example, after one year, the depreciation rate is 50%, while a Honda Fit is roughly around 30%. I did not hear it from someone, I am currently experiencing this process.
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Post by sktan10 on Oct 2, 2008 22:02:14 GMT 8
Not really la,bro!Are u base on hear say? My colleage just sold off his 2003(4.5yr 0ld) civic vti beginning of these year. C&C only willing to take in paper value + 2K body. In the end still trade-in to kah motor for 6K body in the exchange of new civic FD.Honda to honda better price. 2003... come on, it should be scrapped. Parallel importers and second hand dealers do take in Honda old models at higher trade-in value than C and C. I expect you to sell it to second hand dealers. Take a Hyundai Verna for example, after one year, the depreciation rate is 50%, while a Honda Fit is roughly around 30%. I did not hear it from someone, I am currently experiencing this process. So u driving a hyundai verna?U mean your verna depreciate 50% within one year?I never face this problem leh! I too drives a verna 1.6m.I brought in 2006 & sell in 2008. I brought for 45K & trade-in to C&C for 33K.Paper value only miserable 18K only.Even komoco also willing to take in 32K.But all these happens begining of these year. My verna dealer sold in sgcarmart & is already sold long time ago. But i heard that now second hand value very bad.Even 3yrs old vios dealer only offer 3K body value only.
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Post by liu on Oct 2, 2008 23:03:28 GMT 8
2003... come on, it should be scrapped. Parallel importers and second hand dealers do take in Honda old models at higher trade-in value than C and C. I expect you to sell it to second hand dealers. Take a Hyundai Verna for example, after one year, the depreciation rate is 50%, while a Honda Fit is roughly around 30%. I did not hear it from someone, I am currently experiencing this process. So u driving a hyundai verna?U mean your verna depreciate 50% within one year?I never face this problem leh! I too drives a verna 1.6m.I brought in 2006 & sell in 2008. I brought for 45K & trade-in to C&C for 33K.Paper value only miserable 18K only.Even komoco also willing to take in 32K.But all these happens begining of these year. My verna dealer sold in sgcarmart & is already sold long time ago. But i heard that now second hand value very bad.Even 3yrs old vios dealer only offer 3K body value only. I do not drive Hyundai Verna but share the vehicle with the owner. Komoco only takes in half the price. Trade-in value of PI is even lower. Quotz is not any better. The second hand value for Honda cars are getting much higher due to 50% increase in sales last year. Hyundai sales are decreasing by as much as 25%. It is no wonder their vehicle value have dropped. So either you buy a cheap Korean car and get slashed by its high depreciation or buy a rather expensive Honda car and enjoy a lower depreciation rate. Plus all the differences in its quality and performance, the decision is yours. Car purchase is the second largest investment in your life. So please consider wisely.
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Post by sktan10 on Oct 3, 2008 0:59:22 GMT 8
So u driving a hyundai verna?U mean your verna depreciate 50% within one year?I never face this problem leh! I too drives a verna 1.6m.I brought in 2006 & sell in 2008. I brought for 45K & trade-in to C&C for 33K.Paper value only miserable 18K only.Even komoco also willing to take in 32K.But all these happens begining of these year. My verna dealer sold in sgcarmart & is already sold long time ago. But i heard that now second hand value very bad.Even 3yrs old vios dealer only offer 3K body value only. I do not drive Hyundai Verna but share the vehicle with the owner. Komoco only takes in half the price. Trade-in value of PI is even lower. Quotz is not any better. The second hand value for Honda cars are getting much higher due to 50% increase in sales last year. Hyundai sales are decreasing by as much as 25%. It is no wonder their vehicle value have dropped. So either you buy a cheap Korean car and get slashed by its high depreciation or buy a rather expensive Honda car and enjoy a lower depreciation rate. Plus all the differences in its quality and performance, the decision is yours. Car purchase is the second largest investment in your life. So please consider wisely. Maybe what u say is true.But so far i never encounter any problem with korean car value. Honda car i m not very sure but toyota i have some experience. In 06 i buy verna for 45k & my friend buy vios for 54k.In 08 i sell 33k & he sell 40k.That is 7k higher than verna but if u see the 'buying price' u will know it is not true.Depreciation between both car is almost same but in fact verna is lower. A lot of owners like to tell his car sell how good price etc but never tell how much he brought in the first place so to me this is mislead thats the reason why i post all the price out. General speaking,the car price higher,depreciation higher too no matter what brand.Dont believe,another eg. My cousin sold his 2.5yr old camry for 54k & he brought new at 97k.
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Post by alvin82sg on Oct 3, 2008 8:46:08 GMT 8
seem like the logic is you buy expensive car you can sell off more, you buy cheaper car you sell away lesser. for expensive car depriciation is higher compare to cheaper car. so in the end all still back to square one.
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Post by sktan10 on Oct 3, 2008 9:35:01 GMT 8
seem like the logic is you buy expensive car you can sell off more, you buy cheaper car you sell away lesser. for expensive car depriciation is higher compare to cheaper car. so in the end all still back to square one. Yes,exactly. U buy cheap korean car & later want to sell like japen car price in second hand market,where got such thing?If have i dont mind buy afew to invest even borrow from ah long. Buy cheap u got to sell cheap,that is the market. High price car always depreciation higher.My cousin is a good example.If he buy sonata,i dont think he will lost that much. Like some bro mention his friend sunny at 30k.This car value is low cos the car when buy new is in the region of 45k-47k.Why i know cos 2yrs ago i m looking between verna,sunny & vios.
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Post by sktan10 on Oct 3, 2008 10:31:26 GMT 8
All body values depends on dealer 1 lo. To wat i know Kah Motor & Komoco always giving a better body value. C&C will follow the lowest offer. Like my friend's 06 Sunny, Kah Motor take in 30k (10k abv paper) whereas cycle only take in 24k (3+k abv paper). How come diff so much? I oso very doubt on it leh. U know why?becos honda new car usually price higher(profit higher)compare to other japan car.So they can give u a much higher price for your old car(cos they can play about with their profit margin)
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Post by liu on Oct 3, 2008 12:26:46 GMT 8
It all depends on the demand for that brand. Toyota brand is now Thailand-made and its sales are decreasing. On the other hand, Honda is also Thai-made but its demand is sky-rocketing in recent years due to overwhelming sales record of Civic, Stream and Fit.
2007 Hyundai Verna 1.4A OPC: $30999
If I want to sell it now, the value is as follows:
PI trade-in: $15k - $16k (reason: market demand for Hyundai is decreasing)
Second-hand: $18k - $20k (reason: consumer demand for used Korean cars is decreasing)
Komoco take-in: $19k (reason: they go according to the market depreciation and resale value)
That is the statistics.
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Ben
Kia = The Power To Surprise[N4:a.436204208871.218979#####carlover76##]
Posts: 3,028
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Post by Ben on Oct 3, 2008 13:26:01 GMT 8
All body values depends on dealer 1 lo. To wat i know Kah Motor & Komoco always giving a better body value. C&C will follow the lowest offer. Like my friend's 06 Sunny, Kah Motor take in 30k (10k abv paper) whereas cycle only take in 24k (3+k abv paper). How come diff so much? I oso very doubt on it leh. This I have to agree with you and you pay more for new car, when you sell off, you get higher price back. So it is back to square one type and if you pay more for a so called fuel-saving car, ask yourself how long you want to drive that car before you change car? If you were to drive like 5 years then why spend so much for a expensive fuel saving car whereby you can buy a cheaper Korean car though the fuel consumption is higher but you are saving that extra $10K-$20K for your petrol of your Korean car which is more worthwhile. U know why?becos honda new car usually price higher(profit higher)compare to other japan car.So they can give u a much higher price for your old car(cos they can play about with their profit margin)
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Post by sktan10 on Oct 3, 2008 17:11:40 GMT 8
It all depends on the demand for that brand. Toyota brand is now Thailand-made and its sales are decreasing. On the other hand, Honda is also Thai-made but its demand is sky-rocketing in recent years due to overwhelming sales record of Civic, Stream and Fit. 2007 Hyundai Verna 1.4A OPC: $30999 If I want to sell it now, the value is as follows: PI trade-in: $15k - $16k (reason: market demand for Hyundai is decreasing) Second-hand: $18k - $20k (reason: consumer demand for used Korean cars is decreasing) Komoco take-in: $19k (reason: they go according to the market depreciation and resale value) That is the statistics. Oh! So your car is just 1yr old or maybe less than that. I assume u are first time new car owner right? Welcome to the world of reality. No matter what car be it jap or korea,once u sell within first year sure to lose until pants drop.Every car owners knows that. So if u cant hold new car for long,i suggest u look at those second-hand car.Depreciation already taken-up by the first owner so u wont lose that much if u intend to sell later. Honda car now sell well.Another 2 to 3 years u will see second hand market flooded with honda.By the time if u want to sell your honda,do u think u can get good value? Dealer will tell u "I take-in too many honda.Alot of honda waiting for sale,cant give u high price for your car."
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Post by liu on Oct 3, 2008 17:38:54 GMT 8
It all depends on the demand for that brand. Toyota brand is now Thailand-made and its sales are decreasing. On the other hand, Honda is also Thai-made but its demand is sky-rocketing in recent years due to overwhelming sales record of Civic, Stream and Fit. 2007 Hyundai Verna 1.4A OPC: $30999 If I want to sell it now, the value is as follows: PI trade-in: $15k - $16k (reason: market demand for Hyundai is decreasing) Second-hand: $18k - $20k (reason: consumer demand for used Korean cars is decreasing) Komoco take-in: $19k (reason: they go according to the market depreciation and resale value) That is the statistics. Oh! So your car is just 1yr old or maybe less than that. I assume u are first time new car owner right? Welcome to the world of reality. No matter what car be it jap or korea,once u sell within first year sure to lose until pants drop.Every car owners knows that. So if u cant hold new car for long,i suggest u look at those second-hand car.Depreciation already taken-up by the first owner so u wont lose that much if u intend to sell later. Honda car now sell well.Another 2 to 3 years u will see second hand market flooded with honda.By the time if u want to sell your honda,do u think u can get good value? Dealer will tell u "I take-in too many honda.Alot of honda waiting for sale,cant give u high price for your car." 1 and a half year old, dude. I have checked on the 1st generation Honda Jazz from Kah Motors. If someone were to sell it away at the same lifespan as my car, the depreciation is only 30%. It is an evidence of the rate of depreciation between Hyundai and Honda. Second hand dealers will not be flooded by Honda cars. If you check second hand dealers via Quotz, those Honda cars, already selling at a cheaper rate, will be sold out quickly before you get to know. Take the 2008 Honda Fit for example, 6 second hand Fits sold out in just a few weeks.
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Post by liu on Oct 3, 2008 18:40:58 GMT 8
I do agree that Honda cars are expensive. This is why I don't intend to buy my dream Honda Jazz/Fit from Kah Motors. Despite several attempts to ask them not to charge high prices for their cars, they refused to listen.
Never mind, they will feel the pain either way if an economy recession hits Singapore. Guess what will happen by then.
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Post by sktan10 on Oct 3, 2008 19:23:24 GMT 8
Oh! So your car is just 1yr old or maybe less than that. I assume u are first time new car owner right? Welcome to the world of reality. No matter what car be it jap or korea,once u sell within first year sure to lose until pants drop.Every car owners knows that. So if u cant hold new car for long,i suggest u look at those second-hand car.Depreciation already taken-up by the first owner so u wont lose that much if u intend to sell later. Honda car now sell well.Another 2 to 3 years u will see second hand market flooded with honda.By the time if u want to sell your honda,do u think u can get good value? Dealer will tell u "I take-in too many honda.Alot of honda waiting for sale,cant give u high price for your car." 1 and a half year old, dude. I have checked on the 1st generation Honda Jazz from Kah Motors. If someone were to sell it away at the same lifespan as my car, the depreciation is only 30%. It is an evidence of the rate of depreciation between Hyundai and Honda. Second hand dealers will not be flooded by Honda cars. If you check second hand dealers via Quotz, those Honda cars, already selling at a cheaper rate, will be sold out quickly before you get to know. Take the 2008 Honda Fit for example, 6 second hand Fits sold out in just a few weeks. I think u left out something. I agreed honda second-hand value is high.Let put it this way. Your opc verna 31k when new.Opc jazz 41k when new. u save 10k upfront. 50% dep of 31k verna workout 15.5k. 30% dep of 41k jazz workout 12.3k. Jazz sell high price by 3.2k or 20% more. Use the 10k u save upfront minus 3.2k,u still save 6.8k excludes interests.So end of the day u dont lose much.
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Post by liu on Oct 3, 2008 23:12:45 GMT 8
I have miscalculated the % of the depreciation. The Honda Fit was $55800 at that time and the resale value of Honda Fit, at the same lifespan, is around $43800. So to sum it up, the depreciation rate is 21.5%. If do not hestitate in correcting my calculation as I am not good in maths.
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Post by liu on Oct 3, 2008 23:16:55 GMT 8
The resale value is where you sell it back to Kah Motors. Second hand dealers could offer higher value but only for popular brands like Honda and BMW alike. So the deal is this, either you save money buying a cheap Korean car and lose money after selling it, or the other way round for Japanese and European brands.
It is still down to your financial capability at the point of time you make a purchase.
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