How much should you buy a raffle won car? or better buy a bnew one?

**oliver1013** · January 28th, 2013 09:14 PM

Someone's selling me a raffle won car. How much is its depreciation compared to buying straight from the dealer?

Its brand new in the sense that it wasn't used by anyone but it was bought by the one who condcuted the raffle a year ago. It was displayed on a ramp for almost a year exposed to the elements so its not comparable to new ones from the dealership. And also since it already a year old, same variants of that car sold in dealerships could have upgraded specs or toys.

But still its new. What would be the reasonable % of depreciation for it? any ideas?

**niky** · January 28th, 2013 10:02 PM

Originally Posted by oliver1013

Someone's selling me a raffle won car. How much is its depreciation compared to buying straight from the dealer?

Its brand new in the sense that it wasn't used by anyone but it was bought by the one who condcuted the raffle a year ago. It was displayed on a ramp for almost a year exposed to the elements so its not comparable to new ones from the dealership. And also since it already a year old, same variants of that car sold in dealerships could have upgraded specs or toys.

But still its new. What would be the reasonable % of depreciation for it? any ideas?

Same as any year old relatively fresh "used" car. We bought a raffle car before for about 150k off. Seems fair.

**ronki** · January 28th, 2013 10:17 PM

We had the same dilemma when we won a vios (we use it right now)

we paid 120k for the tax and thinking of selling it, but the highest offer we can get was 450k (bnew cost 580-590k 1.3J), and we thought why don't we just use it...

**foresterx** · January 29th, 2013 09:07 AM

100-150k off is a fair price.

**April_Ryan** · February 24th, 2013 12:01 AM

I always think of this whenever I fill out the raffle coupons in the Powerplant or Shangri-la Mall raffles. Both malls usually offer either Benz's or Audi's as the grand prize. If I win, my main option would be to sell - since I don't really want to pay the maintenance cost of said cars. May mga ready buyers kaya for such high end cars? I would think discount to give would be higher than 150K, right?