buying used car

[kobu]

hi, im planning to buy used car
since the new year is coming, is it true that used car price will be lower than now?is the depreciation in price will take effect immediately in january or later?
tq

 

[EvolutionZ]

most importantly u get a good car. price different is not much...for car below 10k, diff is only 1k. so grab if u saw a good unit now.

 

[DanzEterna]

buying a 2nd car does not matter, buy a new car does.

 

[kobu]

what if a good 2nd hand car is priced for about 60k currently,will it drop much by next year january?

 

[EvolutionZ]

it might...but not much. solely depends on bank valuation...

 

[matshah]

price normally will drop in march onwards..

 

[EvolutionZ]

usually after CNY

 

[ddv_nk12]

Usually, price depreciates not much right? It also depends on the car. A31 or EK and all most likely won't even depreciate. May I know what car are you looking for?

 

[kobu]

mazda 3 bro.07 version

 

[ddv_nk12]

Nice car. But if you buy it now or after CNY I doubt there'll be a lot of difference in price. Don't rush into it. Look around and survey the price and then get one with the best bargain. Make sure the condition is good as well.

 

[jimmyae101]

hearing that second car price will drop after cny...maybe march/april..hold or buy now?depend to u..what car u look for?sport car?

 

[ddv_nk12]

hearing that second car price will drop after cny...maybe march/april..hold or buy now?depend to u..what car u look for?sport car?

it's good news then. btw, he's getting a mazda 3.

 

[jimmyae101]

madza 3?humm...take madza 6 ma..more sport,powerful ma..

 

[ddv_nk12]

more expensive too

 

[AD_EG]

car price drop normally based on car loan/bank evaluation on the car. so kwowing malaysian banking...doubt it will be in jan...after CNY sounds about right.

after a certain time...the price or "market" price will just maintain like bro ddv mentioned happened to EK n A31 etc

 

[ddv_nk12]

true bro. but what car also is one of the factor. like a31 and ek, or civics in general are wanted cars. that's why price for these cars don't depreciate or very little and slow.

 

[kobu]

i do think mazda 3 looks more sporty.but power of coz M6.
thanks for the replies guys

 

[dwade]

buying a 2nd car does not matter, buy a new car does.

I think TS want to know whether there's any depreciation in 2nd hand car value. From my observation, the 2nd hand car price doesn't depreciate much in January, you can only notice the depreciation comes 2nd quarter (March-April onwards)