Singapore Nissan Owners Group
Nissan Car Lounge - Almera, Juke, Latio, Qashqai, Sylphy, Teana Owners => Latio => Topic started by: vortex on February 02, 2009, 01:53:50 PM
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I was wondering what is the body value of our latio now. The current COE at around $6000 - $8000 now is very tempting for us to change our car. Comparing with couple of years back when COE is at least more that $12000.
If we can sell to a car exporter, how much body value can we get for a 2 year old car ? Then with the low interest rate, can probably get a new car at a lower monthly instalment.
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I was only quoted 32k (from Subaru) for my latio which is 1.5 yrs old. Bought it for 58k where coe is 17K.. 1.5yrs loose 26k.. Scary
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I was quoted very low when i check with the dealers for my latio sport (May 06)... :crycry:
I was told that the price of latio is very low... dont understand why...??? :confused1:
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The age of Latios, being introduced only in 2005, are still relatively new in the market.
Anyone thinking of selling their Latios should expect an annual depreciation of AT LEAST S$12,000 a year.
I bought mine in June 2008 for $53K. I am already seeing dealers advertising a 12 month Latio for only S$40,000. Imagine how much lower is the trade-in value as dealers need to make a profit too. :down:
Anyone who took a loan and wants to sell their Latio now will have to top up money to pay the bank.
What is the point of being forever in debt an dpaying sky high interest rates? Might as well faster finish paying the loan and get to drive your Latio without any outstanding loan for its last few years at least.
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I was wondering what is the body value of our latio now. The current COE at around $6000 - $8000 now is very tempting for us to change our car. Comparing with couple of years back when COE is at least more that $12000.
If we can sell to a car exporter, how much body value can we get for a 2 year old car ? Then with the low interest rate, can probably get a new car at a lower monthly instalment.
Low interest rate = low monthly instalment is only on the surface. You lose a lot when you sell your current ride. Changing to another one you have to take up a new loan again. :scared:
Just about a month ago i called an exporter, he told be to export the car, the car must at least 3 years old. Dunno how true.
He quoted me about $7000 for the body value of a 3 years old latio.
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What is the point of being forever in debt an dpaying sky high interest rates? Might as well faster finish paying the loan and get to drive your Latio without any outstanding loan for its last few years at least.
Ya you're right. But there are also people taking on the 10 years loan, so technically the car never belongs to them at all !
In Singapore you are only talking of 'renting' the car. So if we can reduce the loan as little as possible, it may be the better way out.
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Low interest rate = low monthly instalment is only on the surface. You lose a lot when you sell your current ride. Changing to another one you have to take up a new loan again. :scared:
Just about a month ago i called an exporter, he told be to export the car, the car must at least 3 years old. Dunno how true.
He quoted me about $7000 for the body value of a 3 years old latio.
Yo Bro Midnight,
$7K for Latio body is damn good now, quick quick sell. :devil2:
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Yo Bro Midnight,
$7K for Latio body is damn good now, quick quick sell. :devil2:
I just bought the car leh. Although it is a 2nd hand one, i will still lose a lot if i sell now. My plan is to drive arnd 4 years minimum. :smile:
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I just bought the car leh. Although it is a 2nd hand one, i will still lose a lot if i sell now. My plan is to drive arnd 4 years minimum. :smile:
Hi bro, me too just bought last yr Jul (when the car is abt 3yrs), for me should able to last for another 6.5yrs b4 thinking of changing car (with strong reason I'm able to buy and drive my former corolla car at car aged 14 yrs for 2.5 yrs more) :devil2:
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I just bought the car leh. Although it is a 2nd hand one, i will still lose a lot if i sell now. My plan is to drive arnd 4 years minimum. :smile:
Oh, my bad, thought you tired of your Latio like me liao. So you can zhng your car every year so that it can last you for 4 years.
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Just about a month ago i called an exporter, he told be to export the car, the car must at least 3 years old. Dunno how true.
He quoted me about $7000 for the body value of a 3 years old latio.
I'm not sure is it because of current economic downturn that can only fetch $7000. When I sold my vios at 2 years 2 months, I could get $11000!
Think probably the body value depends on overseas' market demand. He takes only 3 year old car could be due to export tax issue.
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I'm not sure is it because of current economic downturn that can only fetch $7000. When I sold my vios at 2 years 2 months, I could get $11000!
Think probably the body value depends on overseas' market demand. He takes only 3 year old car could be due to export tax issue.
Usually Toyota and Honda able to fetch higher body value than other makes due to demand and brand, but now unable to get $11K for Vios also. Able to get $8K for Toyota and Honda now already a grab.
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I know of someone who was offered only $2,500 trade-in for the body value of his 3 1/2 year old Honda Civic 1.6 auto.
As this worldwide recession, otherwise known as the 2nd Great Depression deepens, the demand for cars in the export market will shrink, and hence, so will the body value irregardless of brand.