Used Car Prices in Thailand

[Tahoe]

Looking for the equivalent of Kelley Blue Book in Thailand. I would like to sell a used car and would like to know the value by inputting the car make, model, Km, year, etc. Is there a website in Thailand that can provide that information? Thank you. 

[metisdead]

Moved to the Motoring forum. 

 

https://aseannow.com/forum/78-thailand-motor-discussion/

Edited February 21, 2022 by metisdead

[Tahoe]

3 minutes ago, metisdead said:

Moved to the Motoring forum. 

Thank you. Can you please send me that link. Thank you ????

[Kwasaki]

There's insurance company you insure the vehicle with can give a valuation.

[2long]

Can you describe the car here, maybe with a picture. Maybe we can offer some ideas.

This forum has plenty of people who have an opinion... and many who believe themselves to be experts. ????

[Halfaboy]

Here's a link to the red book. Seems to provide generally accepted prices for new and used cars: https://www.redbookasiapacific.com/th/index.php?lang=en&

[Lacessit]

I have not heard of any Blue Book equivalent in Thailand. It is quite clear the market is rigged, new cars built here cost significantly more locally than the equivalent models that are exported. Low km used cars have low depreciation compared to other countries, and winding back odometers is a national pastime.

The only advice I can give is to look at websites such as ThaiVisa, bahtsold and one2car for the model and year you are seeking, and compare prices.

Having been burnt once, I would never buy a vehicle previously owned by an Asian again. Some skimp on routine maintenance to save money, whereas Westerners are aware regular servicing is important.

[ezzra]

11 minutes ago, 2long said:

his forum has plenty of people who have an opinion... and many who believe themselves to be experts.

Yea.. our forum is filled with jacks of all trades and master on none.. still, a many helpfully tips and advise have been dispensed over the years in these pages...

[KhunLA]

Take your insured value, and add or subtract 10-20% depending on vehicle's condition & kms.

 

Also see what your car is listed for elsewhere, and knock 10-20% off ????

https://www.one2car.com/en

[Tahoe]

51 minutes ago, 2long said:

Can you describe the car here, maybe with a picture. Maybe we can offer some ideas.

This forum has plenty of people who have an opinion... and many who believe themselves to be experts. ????

Sorry, I do not have a picture ATM because I took the car to a body shop to repair dents and scratches. Basically it is a 2004 Honda Jazz Sport with 98,000KM.

[2long]

7 minutes ago, Tahoe said:

Sorry, I do not have a picture ATM because I took the car to a body shop to repair dents and scratches. Basically it is a 2004 Honda Jazz Sport with 98,000KM.

My car is a 2006 Jazz V-AT AS with 230k, km

 

I reckon your car's value is 200-250k THB

[Mattd]

3 minutes ago, 2long said:

My car is a 2006 Jazz V-AT AS with 230k, km

 

I reckon your car's value is 200-250k THB

That estimate is OTT in my opinion, a quick look at the market and 2004 Honda Jazz are retailing for 140K - 180K out of a dealers.

[Kwasaki]

Out of interest I don't want to find out but is the write off value on a vehicle given by the insurance company the payment they will make. 

Has anyone surviving a write off crash experienced payments. 

[Tahoe]

15 minutes ago, 2long said:

My car is a 2006 Jazz V-AT AS with 230k, km

 

I reckon your car's value is 200-250k THB

Thank you very much ????

[Tahoe]

12 minutes ago, Mattd said:

That estimate is OTT in my opinion, a quick look at the market and 2004 Honda Jazz are retailing for 140K - 180K out of a dealers.

Thank you ????

[KhunLA]

1 hour ago, Mattd said:

That estimate is OTT in my opinion, a quick look at the market and 2004 Honda Jazz are retailing for 140K - 180K out of a dealers.

Agree, way OTT,  especially with high kms

 

What's the insured value ?

https://www.facebook.com/marketplace/112474645432594/search?query=2006 honda jazz

[Liverpool Lou]

3 hours ago, Lacessit said:

I would never buy a vehicle previously owned by an Asian again. Some skimp on routine maintenance to save money, whereas Westerners are aware regular servicing is important.

"Some skimp on routine maintenance to save money"

Some Asians may do, most probably don't, as evidenced by the dealers' service departments always being busy and there not full of foreigners.    Just because someone is a westerner does not mean that their car is any better serviced than a local's car.

 

It is your choice to buy a car that does not have a good service history, no one forced you to buy!   If you want a car that has a service history, buy a car with a service history regardless of the nationality of the owner.

[soi3eddie]

3 hours ago, Lacessit said:

Having been burnt once, I would never buy a vehicle previously owned by an Asian again. Some skimp on routine maintenance to save money, whereas Westerners are aware regular servicing is important.

Simple economics says that buying a secondhand car does not favour the buyer. Sure the price may be lower than new but the unknown to the buyer is the vehicle history, how it's been driven and serviced and also whether (or not) the recorded mileage is true. Unless buying a "known" car from a trusted person, friend or family then buying new is the only option for me. That's in the both the UK and Thailand.

 

Edited February 21, 2022 by soi3eddie

[Lacessit]

40 minutes ago, soi3eddie said:

Simple economics says that buying a secondhand car does not favour the buyer. Sure the price may be lower than new but the unknown to the buyer is the vehicle history, how it's been driven and serviced and also whether (or not) the recorded mileage is true. Unless buying a "known" car from a trusted person, friend or family then buying new is the only option for me. That's in the both the UK and Thailand.

 

Quite true, although there are exceptions. I know a guy who is going back to America due to a heart ailment who has just sold his 1 yo Honda Jazz at a 100,000 baht discount to RRP, with only 8000 km on the odometer.

IMO it's rare that anyone does more than 20,000 km a year here, so a 2 yo car with 30,000 on the odometer is a reasonable proposition, more so if it has the reputation of being reliable and therefore harder to damage by neglecting maintenance.

Simple economics says a car is a depreciating asset, and the bulk of that depreciation occurs in the first 3 years of its life.

I bought a Toyota Vios from a Brit 8 years ago, 2006 model. 83,000 km on the odometer, although as you say, no way of knowing if that was genuine. Has not missed a beat, my Thai mechanic loves it because it is so simple to service. Now 174,000 km, I've been all over northern Thailand with it. 

I paid him 230,000 baht for it, I would probably get 80 - 100,000 baht for it now. I won't sell it until something major needs fixing. The Vios 1.5 engine and torque converter gearbox are pretty bulletproof if they are looked after.

By my reckoning, the car has cost me a bit under 20,000 baht/year in depreciation. To me, that's cheap motoring.

 

[Lacessit]

4 hours ago, Mattd said:

That estimate is OTT in my opinion, a quick look at the market and 2004 Honda Jazz are retailing for 140K - 180K out of a dealers.

I'd agree, there seems to be less focus here on the year of the car until it hits 7 yo, when a yearly roadworthy test is required.

The odometer reading is the other focal point, which is why winding back is practised here.

If it is 140K to 180K at a dealer, IMO on a private sale it would only fetch 100 - 120K.

[EVENKEEL]

 

https://rod.kaidee.com/product-364868341

https://img.kaidee.com/prd/20220218/364868341/m/f6525a7b-a7c5-437f-9317-6915d980828a.jpg

 

229K

Edited February 21, 2022 by EVENKEEL

[Airalee]

23 minutes ago, EVENKEEL said:

 

https://rod.kaidee.com/product-364868341

https://img.kaidee.com/prd/20220218/364868341/m/f6525a7b-a7c5-437f-9317-6915d980828a.jpg

 

229K

That’s a 2006.  OP has a 2004

 

https://rod.kaidee.com/product-364704171
 

Asking 149k

[EVENKEEL]

+1

Edited February 21, 2022 by EVENKEEL

[DavisH]

10 hours ago, Mattd said:

That estimate is OTT in my opinion, a quick look at the market and 2004 Honda Jazz are retailing for 140K - 180K out of a dealers.

I agree, 200-250 is too high, regardless of the kms. I sold my 2004 2.0 honda civic privately 3 years ago for about 220K. It had 250K on the clock but excellent condition for its age. 

[DavisH]

6 hours ago, Lacessit said:

I'd agree, there seems to be less focus here on the year of the car until it hits 7 yo, when a yearly roadworthy test is required.

The odometer reading is the other focal point, which is why winding back is practised here.

If it is 140K to 180K at a dealer, IMO on a private sale it would only fetch 100 - 120K.

You get more selling it privately, than through a dealer. Dealers will really low-ball you. 

[kwonitoy]

https://www.one2car.com/

 

For an idea of current selling prices

[fdsa]

Facebook marketplace has much better offers. The websites such as one2car are the last resort for when you can't sell the car on Facebook. I see some cars listed for years on one2car & friends.

[Lacessit]

10 hours ago, DavisH said:

You get more selling it privately, than through a dealer. Dealers will really low-ball you. 

Quite correct, I would not expect them to be selling cars for no profit.

[EVENKEEL]

Who would want to buy an 18 yr old Jazz unless it was reallll cheap. If it was me I'd take it to a dealer and take whatever.