Selling of vehicle

[devilgundam]

Hi guys,

Seeing the recent spike of COE, I was thinking of a few questions abt selling of our cars.

1. Will the current COE price affect the selling price of cars? If yes, why some of the dealers say they dun look at current COE to quote their prices   ?

2. Lets' say I have 33k left in bank loan. If the dealer give me a 34k selling price, it means I will earn cash 1k? 

3. How will the dents and scratches affect the selling price, if say its not really big. Can be seen only from a certain angle....

Thanks for the info.... 

[wahlin]

If you want to get a better selling price, sell in on internet example sgcarmart.  Sell it to dealer, they look at your COE rebate, OMV rebate and offer a body value.

Your formula of selling price minus outstanding loan doesn't works that simple.  You need to consider bank charges for early settelment and also pay interest to dealer which is around 1% if I am not wrong.

[devilgundam]

Wow... Thanks for the reminder.... Had asked a few dealers... Sucks lah the quotes they gave... sgcarmart selling Sept08 Latio basic model @ 58k, they got cheek to quote abt 10-15k lesser!!!

Haiz.... Think better sell the "best" car myself.... Maybe asking for 52k should be fine rite? Any bros to advise?

[clarence]

Yes, I think $52K is reasonable, can allow the buyer to bargain down to $50K.

You must have paid about $53K for your Latio in Aug 08? So minimal loss.

You can advertise along the line of: "Save $30K over new car. 20 months old Latio, only $52K"

[wahlin]

Agreed $52K is a reasonable selling price.  If you sell at $50k, people will just grab and go without asking for further discount  . 

[devilgundam]

Haha... Thanks guys... I dun tink I can bargain much anyway.... Mb as bro wahlin mention, put price at 50k then juz let it go bah.... Thanks a million!!!