Car Resale Value

[suv]

Naalala nyo pa kung magkano dati mga car nung 90s? tapos ngayon kung magkano na sila?

Example yung First generation CRV eh magkano nung brand new tapos pag second hand ngayon magkano na?

Ang naalala ko lang yung Miata mga 700thou dati tapos ngayon nasa 400-500thou.... bwenas ng mga bumili nun...

[DonT]

It seems that vehicles loses around half of its original value in the first 5 years. Why, I do not know. It maybe related to its service life which is typically 10 years.

[chuaed]

Mazda Miata comes free when you buy a Mazda MPV worth 1,750,000

that was the year 1997...

[suv]

^

Buti free kasi mura resale value ng mpv....Yung miata talaga yung swerte....Imagine 10 years na pero taas pa din ng value....Pero sa mazda yun lang mataas resale value....yung mga iba presyong 80s na eh :bwahaha:

[niky]

All vehicles nominally lose 20-40% of their original value upon sale... but for certain vehicles with high demand, it's a seller's market. That's why Mazda Miatas and Mini Coopers go for so much.

But those are abberations, and it depends on how popular the vehicle is at the time and how popular it'll be in the future. 80's Toyota Corollas didn't go for very much until the whole "Initial D" trend erupted... and before the re-release of the Mini Cooper and the remake of the "Italian Job", it was still possible to find Mini Coopers for cheap.

[ale828]

The first Honda people car.
1992 Honda Civic hatchback
bought bare around 180K+ in 1992
Sold in 2005 for 170K
Thats what i call resale value.

[cardo]

Ask the professionals, like an insurance company, a bank or similar financial institution. They would know how much your car is generally valued at a certain period.