The price of old cars depends on many factors such as the year of use, the number of kilometers traveled, the history of maintenance and operation, the situation at the time of sale ... To buy a good model, it takes time. learn and ask experienced workers to check the car thoroughly. If you know how to review and grasp the knowledge of buying a used car, it is easy for the buyer to "squeeze the price" and buy a good car with the price at hand. In addition, the calculation of the cost of buying used cars will help the buyer determine the amount needed to buy a used car.
How to price old cars by year of use.
Recipe suggested
N year: P (N) = P (N-1) * (1-k)
P (N-1) is the price of the previous year.
P (N) is the car price this year.
If N = 1, then k = 15% for Toyota, 20-25% for other firms.
If N> 1, then k = 10%
P (N) may increase or decrease by 5-10% depending on the number of kilometers that have run.
Examples to try out: Mercedes C300 AMG 2012 in Ho Chi Minh City. HCM The first registration date 05/2012 sold in August 2013, the number of Km traveled is about 20,000 km, the current price of new cars is VND 1,623 billion after completing the procedures, the price of cars can be up to VND 1,890 billion.
Resale value after 1 year of use
P (2013) = 1,890 * (1 - 20%) = VND 1,512 billion
P (2014) = 1,512 * (1 - 10%) = VND 1,360 billion
The value of old cars should be calculated according to the value of the car after completing the procedures will be closer to reality. The number K based on this formula depends on many factors (from 10% - 30% depreciation after 1 year of use), so the price calculated in this formula is often lower than the price of used cars in Vietnam. Depending on the specific situation, buyers can calculate appropriate prices.
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