“If you sell a car now How much will it sell for?” is a popular question at the end of the year. Therefore, many people choose to look at used car dealers or used car showrooms to check the price of their own car before the end of the year before deciding to sell the car.
But is this method really correct? Do we really need to sell our car before the end of the year? And do we really need to buy a new car? Today, One Two Cars has the answer.
Selling the car before the end of the year What factors are there?
Car prices fell
One of the key factors causing car owners to sell at the end of the year is depreciation. According to Carsome Thailand, popular cars such as the Mitsubishi Attrage depreciate by an average of 29% in just one year after the owner buys. the red carriage.
If you have bought a new car and choose to sell it. It is recommended to wait around 3 years to use it and the best value price. But if you are looking for a used car you want it. Buying a car after the New Year It’s a good decision. Because in addition to getting a car with a reduced price Various used car showrooms There are often great promotions. To lower the price of the car you want too.
Newer models and discounts
Dealers in Thailand often launch new models either at the beginning of the year at a big car event like MOTOR SHOW or at the end of the year car show like MOTOR EXPO where there are many car launches.
This gives showrooms more incentive to clear old stock at the end of the year. However, buying a new car will cause the price of your car to drop dramatically. Looking for a used car allows you to negotiate the price and find the model you are looking for at a price that is sure to please you.
increasing demand
As the year draws to a close, you will notice a sudden increase in demand for used cars in Thailand. Many individuals and families want to upgrade their vehicles. Whether it’s upsizing in preparation for the holiday season or switching to a newer model.
Planning for the future
Selling your car at the end of the year can be a way of planning for the future. To fit your long-term goals Whether you want to upgrade to a newer version. Switch to another brand Or just want to switch? Selling your car now can help you start the new year off right.
How do you calculate the depreciation of a car?
Depreciation of cars over time When expressed in baht (THB), it can vary based on a number of factors. Here is a general overview using theoretical values and percentages:
First year depreciation (Year 1)
New cars can depreciate 15% to 25% in the first year.
example: If the car is initially purchased for 1,000,000 baht, the value may drop to 750,000 baht, to 850,000 baht after the first year.
Year 3 Depreciation
By the end of the third year, a typical car can lose around 50% of its original value.
example: If the initial value of the car is 1,000,000 baht, it can be worth anywhere from 500,000 baht to 500,000 baht after 3 years.
Year 5 Depreciation
Over a period of 5 years, the total depreciation can reach around 60% to 70%.
example: A car that initially cost 1,000,000 baht may now be worth between 300,000 and 400,000 baht.
Long term depreciation (over 5 years)
After the first 5 years, the rate of depreciation tends to decrease. But cars still lose value.
example: After ten years the car can be worth around 200,000 baht to 300,000 baht from its original value.
These numbers are general estimates and may vary based on vehicle make and model, market conditions and other factors affecting the automotive industry. Basically, if you want to estimate the price of your car. Going into the used car showroom is recommended. So that officers can make a clear assessment. You should visit at least 3 places to find the most neutral price. This is because individual circumstances and market changes play an important role in determining the actual rate of depreciation.
Buy and sell used cars online Must go to one2car used car marketplace Buy cars easy, sell cars fast, including used sedans, used vans, used pickup trucks, good prices, free payment, cheap installments, quality ready to use.
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