2Nd Hand Car Prices

[kenny999]

I have just sold my 5 month old Mazda 2 Spirit new price 615,000. it was brought by a dealer who then sold it for 600,000 okay the car had many extras but that is fantastic that you can sell a car under 1 yr old for what you paid for it. I assumed a car driven out of a dealers would lose 30% straight away.

[transam]

Yes, very strange. ( considering Thais do not like second hand stuff )

[kenny999]

<br />Yes, very strange. <img src='http://static.thaivisa.com/forum/public/style_emoticons/default/unsure.gif' class='bbc_emoticon' alt='' /> ( considering Thais do not like second hand stuff )<br />

<br /><br /><br />

I was on my way to Khao Lak and happen to see the car on the dealers forcourt, my friend then went in and asked about car, dealer told him it had been sold already for 600,000 my GF called and asked if we could buy car back(my GF realy liked the car)car sold on finance 88,000 deposit then 7yrs at 10,000 bht I assume to a Thai. so a healthy profit for dealer, but why would someone buy a 5 month old car for the same price as new?

[transam]

<br />Yes, very strange. <img src='http://static.thaivisa.com/forum/public/style_emoticons/default/unsure.gif' class='bbc_emoticon' alt='' /> ( considering Thais do not like second hand stuff )<br />

<br /><br /><br />

I was on my way to Khao Lak and happen to see the car on the dealers forcourt, my friend then went in and asked about car, dealer told him it had been sold already for 600,000 my GF called and asked if we could buy car back(my GF realy liked the car)car sold on finance 88,000 deposit then 7yrs at 10,000 bht I assume to a Thai. so a healthy profit for dealer, but why would someone buy a 5 month old car for the same price as new?

Again yes, amazing Thailand. I for sure do not understand.

[stefan2519]

<br />Yes, very strange. <img src='http://static.thaivisa.com/forum/public/style_emoticons/default/unsure.gif' class='bbc_emoticon' alt='' /> ( considering Thais do not like second hand stuff )<br />

<br /><br /><br />

I was on my way to Khao Lak and happen to see the car on the dealers forcourt, my friend then went in and asked about car, dealer told him it had been sold already for 600,000 my GF called and asked if we could buy car back(my GF realy liked the car)car sold on finance 88,000 deposit then 7yrs at 10,000 bht I assume to a Thai. so a healthy profit for dealer, but why would someone buy a 5 month old car for the same price as new?

I would assume it has something to do with the financing on them. Easier to get financing off a third party.

[culicine]

Yes the finance might be easier to obtain and the downpayment is lower. So that's 10K a month over 86 months + 88K deposit??? wow!! What's the interest rate? 6-8% It just reminds me to buy new or cash for second hand car!

[kenny999]

Yes the finance might be easier to obtain and the downpayment is lower. So that's 10K a month over 86 months + 88K deposit??? wow!! What's the interest rate? 6-8% It just reminds me to buy new or cash for second hand car!

I have no idea what the interest rate will be, I still can not understand how thay can sell a 5 month old car for virtualy new price, is it the truth again I have no idea this is what was told to my GF.

[katabeachbum]

In another topic you stated you have spendt 200k in mods. So 615 +200 = 815k baht, ad substantial amount of time modding and the possibilty to finance all these mods with low down, I am not that surprised

[kenny999]

In another topic you stated you have spendt 200k in mods. So 615 +200 = 815k baht, ad substantial amount of time modding and the possibilty to finance all these mods with low down, I am not that surprised

Yes but not 200k about 120k I am not bothered just amazed, I think I got a reasonable price for car, in the UK any mods you put on the car you would lose is that not the same here?

[transam]

In another topic you stated you have spendt 200k in mods. So 615 +200 = 815k baht, ad substantial amount of time modding and the possibilty to finance all these mods with low down, I am not that surprised

Yes but not 200k about 120k I am not bothered just amazed, I think I got a reasonable price for car, in the UK any mods you put on the car you would lose is that not the same here?

Think in UK mods will devalue a ride.

[juehoe]

I own a Mazda 3, 2.0 litre engine, bought 2008 for just over 1 million Bath. After 3 years and 90'000 kilometres, Madza has offered me THB 650'000 for the car...

[MoonRiverOasis]

Very few cars in TH will lose 30% in just 5 months, and there's certainly no way a Jap make, under 700K Baht, B-Car would lose that much until at least 18-24 months old.

The fact that it sold at only 15K Baht less than sticker is no real surprise - as noted you sold it with 120K Baht of mods on top, and the thing was only 5 months old (bearly on it's white plates) - all the used car dealer needed to do was make the car accessible for the new buyer.... For your average wage earning Thai, 88K Baht down is helluva a long stretch from the 154K down, and good credit rating the buyer would require to buy new.

There's nothing uniquely Thai about this - young Westerners are masters of overstretching themselevs and paying silly interest rates for a car with more "street cred".

In the end though, what's probably most surprising is that the dealer was able to buy the car off you for something in the low 400's, then turn it around so quickly for a good price and a ridiculous interest rate - that guy's a champ

[kenny999]

Very few cars in TH will lose 30% in just 5 months, and there's certainly no way a Jap make, under 700K Baht, B-Car would lose that much until at least 18-24 months old.

The fact that it sold at only 15K Baht less than sticker is no real surprise - as noted you sold it with 120K Baht of mods on top, and the thing was only 5 months old (bearly on it's white plates) - all the used car dealer needed to do was make the car accessible for the new buyer.... For your average wage earning Thai, 88K Baht down is helluva a long stretch from the 154K down, and good credit rating the buyer would require to buy new.

There's nothing uniquely Thai about this - young Westerners are masters of overstretching themselevs and paying silly interest rates for a car with more "street cred".

In the end though, what's probably most surprising is that the dealer was able to buy the car off you for something in the low 400's, then turn it around so quickly for a good price and a ridiculous interest rate - that guy's a champ

Low 400's where did you get that from the car was sold for 515,000.

[MoonRiverOasis]

Very few cars in TH will lose 30% in just 5 months, and there's certainly no way a Jap make, under 700K Baht, B-Car would lose that much until at least 18-24 months old.

The fact that it sold at only 15K Baht less than sticker is no real surprise - as noted you sold it with 120K Baht of mods on top, and the thing was only 5 months old (bearly on it's white plates) - all the used car dealer needed to do was make the car accessible for the new buyer.... For your average wage earning Thai, 88K Baht down is helluva a long stretch from the 154K down, and good credit rating the buyer would require to buy new.

There's nothing uniquely Thai about this - young Westerners are masters of overstretching themselevs and paying silly interest rates for a car with more "street cred".

In the end though, what's probably most surprising is that the dealer was able to buy the car off you for something in the low 400's, then turn it around so quickly for a good price and a ridiculous interest rate - that guy's a champ

Low 400's where did you get that from the car was sold for 515,000.

Extrapolated from this:

I assumed a car driven out of a dealers would lose 30% straight away.

[kenny999]

Very few cars in TH will lose 30% in just 5 months, and there's certainly no way a Jap make, under 700K Baht, B-Car would lose that much until at least 18-24 months old.

The fact that it sold at only 15K Baht less than sticker is no real surprise - as noted you sold it with 120K Baht of mods on top, and the thing was only 5 months old (bearly on it's white plates) - all the used car dealer needed to do was make the car accessible for the new buyer.... For your average wage earning Thai, 88K Baht down is helluva a long stretch from the 154K down, and good credit rating the buyer would require to buy new.

There's nothing uniquely Thai about this - young Westerners are masters of overstretching themselevs and paying silly interest rates for a car with more "street cred".

In the end though, what's probably most surprising is that the dealer was able to buy the car off you for something in the low 400's, then turn it around so quickly for a good price and a ridiculous interest rate - that guy's a champ

Low 400's where did you get that from the car was sold for 515,000.

Extrapolated from this:

I assumed a car driven out of a dealers would lose 30% straight away.

It says I assumed not that it did!!!