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Message: <blockquote data-quote="zan" data-source="post: 2200952" data-attributes="member: 9632">When we want to calculate or predict used car values, always remember the basic criteria – DEMAND New cars would be low in demand especially if they are easy to get. Easy to get in a way that<ul> <li data-xf-list-type="ul">easier to finance compare to used cars</li> <li data-xf-list-type="ul">ltille downpayment or even full loan</li> <li data-xf-list-type="ul">huge discounts to lower its retail price</li> </ul> when new cars are easy to buy, a 1 year old car will lost as much as 20% of its value in its first year.It does not make much sense why on earth a person wants to sell his car that is less than 1 year old? Is it becoz<ul> <li data-xf-list-type="ul">bored? </li> <li data-xf-list-type="ul">facing with financial problems? He should know his own financial strength</li> <li data-xf-list-type="ul">or car involved in major body repair recently?</li> <li data-xf-list-type="ul">or just an accident but involving death?</li> </ul> Do we really want to buy a newly registered car before knowing its history? Demand for cars would also be lower if <ul> <li data-xf-list-type="ul">the cars are not popular with the community (eg European Ford, American Chevrolet)</li> <li data-xf-list-type="ul">the cars are known to be problematic with its mechanicals (eg French & Italian cars)</li> <li data-xf-list-type="ul">cars that many could not afford (Cefiro 3.0 V6, Merc W140 S class)</li> <li data-xf-list-type="ul">cars that are difficult to finance (used to be 16 years but now anything more than 5 yrs)</li> <li data-xf-list-type="ul">cars that are high on maintenance and costly repair</li> <li data-xf-list-type="ul">cars that are not good at all (think Asia Rocsta, Mahindra, Cherry)</li> </ul></blockquote>

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