Asking Vs. Selling Prices For Cars

[User3]

I have a question regarding car prices.

We are looking for a new car and I see car prices from various advertisers on web pages.

My question is- how much difference is there, if any, from the asking/advertised price to the actual sale price? One hears so many conflicting stories that it's difficult to ascertain the reality, so I thought I'd come to the experts.

We are looking at not more than 3 years old Camry, Accord or Teana but in some cases the used asking prices are pretty much the same as new prices.

Any thoughts on the differences between asking/selling price would be appreciated.

Location is Bangkok.

Edited September 15, 2011 by User3

[JeffreyMcCollum]

Yes, I have trouble understanding it. Where I came from cars dropped in value 20%% the minute you drove it off the lot.

Here I see 3. 4, even 6 year old cars for nearly the cost of new. For me, I'd always step up to get the new one. But a few of my Thai friends look at cars a few years old to save 30,000 Bt ? I say why ?

New dealers otten discount or shall we say add freebies. Window tiniting. insurance, and many other little extras.

[Bkkorupcountry]

I think it may have to do with the financing. When you buy a new car from the showroom, the financing requirements from the banks are probably stricter whereas from a secondhand card dealer or from Toyoto Sure for eg, they are able to arrange finance easier due to standing arrangements with the banks.

[wandrinstar]

Its the only way some Thais can get Finance. Shades of the Loan Shark.

[MoonRiverOasis]

If you're talking about a used car tent, in most cases you'd be lucky to negotiate 5-15K off the sticker price. With private sellers it could be anyhting - that all depends on how overpriced their start value is, and/or desperate they are to sell.

[wana]

the weird thing is in thailand ,vehicles dont tend to depreciate (at least not in the eyes of whoever owns or sells them )

you can buy a 2nd hand bike for 50,000 thb ,drive it for 6 months and sell it again for 50,000thb

ive seen 6 month old motorcycles selling for 140,000+ when a new one is around 150,000

to me it doesnt make sense but im not thai and maybe saving 10,000thb and still getting the face of having a "big bike " to drive is worth it

and the 10,000 saved would buy plenty of gasohol if your budget is tight ........