Tuesday, May 22, 2007

Resale value? How much......?????

My uncle and aunt scares me about this car being of no value.... i.e. of no resale value. I think they have an old school of thought.

I use the same comparison as the previous one.... Honda Civic 1.8.

Price of Honda Civic 1.8 = RM113,800 (OTR)
Price after 5 years = RM68,000 (estimated depreciation at around ONLY 40%)
Deficit = RM45,800

Price of Chevy Optra 1.8 = RM64,500 (OTR)
Price after 5 years = RM20,000 (estimated depreciation at around 70%)
Deficit = RM44,500

Price of knowing that you have made the right choice = PRICELESS!!!!

No comments: