How to calculate scrap value and depreciation ?

[oneHeadlight]

There's a difference between depreciation on paper and actual depreciation. You are doing wat most buyers do, calculating on paper depreciation.

Your $17000 deprec'n is correct to a point, its basically a worst case scenario. but as u already know, there's a body price if u export it. The old 5series have sufferred price attacks since the new one came out, so i wud think u can negotiate further. The export market fluctuates so its pure speculation whatever figures u are being thrown at now. U can assume body fetches $10 to $15k...even then, the $100k selling price is too high IMHO.

For loan interest, get the effective interest rate. I m not sure the latest status of the RUle 78 thingy, u shud try to understand that.
Min downpayment is up to u, but also depends if the bank will lend the amount u want.

Insurance depends on age, driving exp, car type, car age, market value...etc etc... Road tax is standard , based on capacity.

 

[marko-polo]

Re: How to calculate scrap value and depreciation ?

Case Study :

BMW 520i reg Aug 2001, OMV $42732, COE $27444.
Scrap value just before end of 5th year = OMV *130% + COE/2 = $69273.60
Is this correct ?

If I buy it at $100000 today, my depreciation till end of 5th years is ($100000 - $69273)/1 year 8 month = approx $17,000 per year.
Is this correct ?

How much can a 5 years old BMW body fetch ? Do I benefit from the value of the body on top of the scrap value ? Is there a resale market for the 5 series generally ?

Is it true that the loan interest of used car is higher than new car ?
Same question for the insurance as well.
What is the min downpayment or is it up to the buyer to see what is the loan amount he want to commit ?

Reason for asking is that I am considering buying a 2nd hand 520i. Just want to know how to do the sum.

You shouldn't be paying anything more than S$13k per annum

 

[Spidy25]

Searching for a 520i ... still searching....

Thanks for the input.

Went down to TTS again today, saw a few 520i 2001 but all asking for above $100k. From what I read in the forum, 520 body value is not great. So if I assume $0 for the body and say $13k per year then most of the 2001 520 should be in the below $100k range. hm... still searching

There was one in silver that I kind of like, but the suspension was lowered. hm... wonder will it have problem if I need to drive it to Msia. They are not able to tell me what is the suspension changed, but mentioned 2 brands (can't rem) that are popular among BMW.

hm... this is harder then I thought. Does it make sense to do a Vicom test ? Do they have the right instrument to test a Bimmer ? Or is there any other workshop that can do an evaluation on pre-owned Bimmer ?

 

[laisay]

Re: Body Scrap Value

Dear all, does a 18-year old BMW 318i (expiring COE) can still fetch any scrap value for the body? Thanks

 

[Merlin_sg]

Re: Searching for a 520i ... still searching....

Thanks for the input.

Went down to TTS again today, saw a few 520i 2001 but all asking for above $100k. From what I read in the forum, 520 body value is not great. So if I assume $0 for the body and say $13k per year then most of the 2001 520 should be in the below $100k range. hm... still searching

There was one in silver that I kind of like, but the suspension was lowered. hm... wonder will it have problem if I need to drive it to Msia. They are not able to tell me what is the suspension changed, but mentioned 2 brands (can't rem) that are popular among BMW.

hm... this is harder then I thought. Does it make sense to do a Vicom test ? Do they have the right instrument to test a Bimmer ? Or is there any other workshop that can do an evaluation on pre-owned Bimmer ?

IMHO, $100k for a 2001 is high. If you are not in a rush to get one, maybe shop around at sgcarmart and look for genuine owners who are selling. At least you can get more info about the car and perhapes, a better price. If you are unsure, bring the car for a thorough inspection and pay for it....at least you have a peace of mind if you should decide to get

 

[C3P0]

Re: Searching for a 520i ... still searching....

IMHO, $100k for a 2001 is high. If you are not in a rush to get one, maybe shop around at sgcarmart and look for genuine owners who are selling. At least you can get more info about the car and perhapes, a better price. If you are unsure, bring the car for a thorough inspection and pay for it....at least you have a peace of mind if you should decide to get

When that person posted, Brazil was still the reigning world champion Now is Spain liao

 

[Merlin_sg]

Re: Searching for a 520i ... still searching....

When that person posted, Brazil was still the reigning world champion Now is Spain liao

Aiya....Malu siah....discount discount....:shhhh::shhhh:

 

[longhorn]

Re: How to calculate scrap value and depreciation ?

rotflmao!!!

 

[ronaldlim6080]

Re: How to calculate scrap value and depreciation ?

Went to car Canival yesterday, the new 523i looks very attractive, but are all parallel importers, is there any difference?