Nissan Car Lounge - Almera, Juke, Latio, Qashqai, Sylphy, Teana Owners > Latio
When is the best time to sell my Latio
moochi:
Hi fellow lations,
My latio is coming 5 yrs old in april. Wondering how long can the car last without any major problems?
So far, it has been serving me well, sending for servicing every 10000km and i've change only battery and tyres and of course aircon filters.
Not sure if i should sell now or just live with it till end of COE in 2015. I don't mind driving an old car btw :D
What will happen if i keep it till COE expiry? Do I get anything back or just scrap it?
Why does most singaporeans change their cars in 2 - 3 yrs or does everyone makes alot of $$$ ;D
Does it not work out to be more expensive, selling a used car at a loss then buying a brand new car with higher depreciation in the first years? Anyone can enlighten me?
dsrio:
you will still get back your parf value at the end of 10 years, just go to onemotoring site and enter the year you intend to deregister your vehicle, that will be the minimum value you can get.
1) owning a car is already a loss, and yes, most people are just extending their losses by buying a new car every 3 years as they extend the instalment on the car, unless of coz you pay everything upfront.
2) if your latio is still serving you well and your backside not itchy, then just keep on driving it. My last ride did give me several problem thus I decided to change at the 4th year to latio.
Midnight:
Threadstarter...
If you sell now, u also need to buy another one?
Car is expensive noe. U sell high u also buy high = take higher loan, unless u have loaded to pump in more moolah for downpayment.
But according to the parf system structure, from the 5th year onwards, our 'remaining value' of the car falls steeply...
nakshire:
nowadays not good to buy new car... unless u sibeh rich... or sell ur first hand car for a 2nd hand car...
gatier:
--- Quote from: Midnight on March 24, 2010, 04:31:23 PM ---Threadstarter...
If you sell now, u also need to buy another one?
Car is expensive noe. U sell high u also buy high = take higher loan, unless u have loaded to pump in more moolah for downpayment.
But according to the parf system structure, from the 5th year onwards, our 'remaining value' of the car falls steeply...
--- End quote ---
Not Really true for newer cars. It fall but not as steeply as before as there was a change in the OMV to ARF percentage. This 5th year onwards thing only apply to cars 2002 or before as it was 130% of OMV before 5th year and follow by 10% deduction every year. for cars after 2002 it is only 75% of OMV before 5th year and follow by 5% deduction every year
Cheers
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