Viva Elite Standard Auto Car

[Aship]

Hi Friends,

Can a Viva Elite Standard Auto Car (with 5,600Km driven) be sold at Rs. 2m? Or else what could be the better price now?

Thanks

[chan5]

simple brother,

put an advertisement with asking price OF 3 million or 3.5 million. :) or so as some people do .

Still people will come and give offers to you.

Note them down with contacts and call the highest bidder.

Use h*tad +autolanka + la*ipita.

You're done within few days.

[Raminda A4]

Or rather people will not call you at all lol

[chan5]

Or rather people will not call you at all lol

Seriously dude, i've seen an advertisment on a sunday newspaper , (just after a tax hike).and owner asked 3million or above.

He had 4 reasons.

1- used by lady.

2- new price will almost close and he has carpets and seat covers or something.

3- waiting list for new one.

5-car reached the optimum condition after running 5000km , so it worth than new.

i was almost fainted...

[Watchman]

Why dont you put an avert for 2 mil. You'll get a whole bunch of people rushing in to buy the car. You better hire a private security firm for crowd control machang. Cos people are just dying these days to pay 2million for a car that was going at about 1.7 brand new..

Edited September 30, 2012 by Watchman

[GayanR]

Seriously dude, i've seen an advertisment on a sunday newspaper , (just after a tax hike).and owner asked 3million or above.

He had 4 reasons.

1- used by lady.

2- new price will almost close and he has carpets and seat covers or something.

3- waiting list for new one.

5-car reached the optimum condition after running 5000km , so it worth than new.

i was almost fainted...

[Aship]

Why dont you put an avert for 2 mil. You'll get a whole bunch of people rushing in to buy the car. You better hire a private security firm for crowd control machang. Cos people are just dying these days to pay 2million for a car that was going at about 1.7 brand new..

But, Pls see below too; brand new price is above 2.3m now.

Posted 02 May 2012 - 10:59 PM

Hi All,

Please find below info got from a friend of mine..

Latest price for Perodua Viva Elite (Updated on 02.04.2012)

Elite STD M/T - Rs.2,185,000 /= + Rs. 17,500/= (Registration + with holding tax) = Rs.2,202,500/=

Elite STD A/T - Rs. 2,325,000/= + Rs. 17,500/= (Registration + with holding tax) = Rs. 2,342,500/=

Elite Primium A/T - Rs. 2,625,000/= + Rs. 17,500/= (Registration + with holding tax) = Rs.2,642,500/=

[Watchman]

But, Pls see below too; brand new price is above 2.3m now.

Posted 02 May 2012 - 10:59 PM

Hi All,

Please find below info got from a friend of mine..

Latest price for Perodua Viva Elite (Updated on 02.04.2012)

Elite STD M/T - Rs.2,185,000 /= + Rs. 17,500/= (Registration + with holding tax) = Rs.2,202,500/=

Elite STD A/T - Rs. 2,325,000/= + Rs. 17,500/= (Registration + with holding tax) = Rs. 2,342,500/=

Elite Primium A/T - Rs. 2,625,000/= + Rs. 17,500/= (Registration + with holding tax) = Rs.2,642,500/=

I presume you bought it before the prices went up? So basically you want to make a profit off the misfortune of those who weren't able to get delivery before the tax hike and the fact that some people are left with no other choice, but to buy cars at such artificially inflated prices..

You must be so proud of yourself

[The Don]

I presume you bought it before the prices went up? So basically you want to make a profit off the misfortune of those who weren't able to get delivery before the tax hike and the fact that some people are left with no other choice, but to buy cars at such artificially inflated prices..

You must be so proud of yourself

Watchman, this is the nature of the Sri Lankan market In the end something is worth what somebody else is willing to pay for it.

[NPP]

profit should give enough interest to bus in for the lifetime

[The Don]

profit should give enough interest to bus in for the lifetime

Ha ha well the bus fares have been rising too

[Scooter]

Meanwhile, not a million miles away in good 'ol Burma (you know, the country with millions of textile workers happy to work for half of bugger all, and on whom the light of the Western Bloc shines benignly, things are a move on the car front:

New Regulations for importing cars spark rush at state-run banks in Myanmar

On May 7th (2012), the minister of Commerce in Myanmar, Mr Win Myint, has announced that all citizen who have a foreign currency account in some specific state-run banks would be allowed to import cars manufactured from year 2007 onwards with better conditions.

If all the details of the new regulations are not yet absolutely clear, it has been decided that taxes would be cut for all vehicles manufactured from year 2007 with smaller engine capacity. Thus, cars with engine capacity of 1350cc or less would be subject to 105% tax on the CIF value. Taxes would amount to 145% for cars with an engine size between 1350cc and 2000cc, and 165% for cars with an engine size bigger than 2000cc.

The new regulations give satisfaction to many Myanmar citizens who were angry that only sailors or foreign workers with foreign currency accounts had the right to import some Japanese vehicles.

source: http://www.########.com/news/?p=1691

Which, apparently, accounts for this weekend's newspaper reports that SL car sales companies are looking to set up shop in Myanmar. What an interesting world we live in.

[Crosswind]

Meanwhile, not a million miles away in good 'ol Burma (you know, the country with millions of textile workers happy to work for half of bugger all, and on whom the light of the Western Bloc shines benignly, things are a move on the car front:

New Regulations for importing cars spark rush at state-run banks in Myanmar

On May 7th (2012), the minister of Commerce in Myanmar, Mr Win Myint, has announced that all citizen who have a foreign currency account in some specific state-run banks would be allowed to import cars manufactured from year 2007 onwards with better conditions.

If all the details of the new regulations are not yet absolutely clear, it has been decided that taxes would be cut for all vehicles manufactured from year 2007 with smaller engine capacity. Thus, cars with engine capacity of 1350cc or less would be subject to 105% tax on the CIF value. Taxes would amount to 145% for cars with an engine size between 1350cc and 2000cc, and 165% for cars with an engine size bigger than 2000cc.

The new regulations give satisfaction to many Myanmar citizens who were angry that only sailors or foreign workers with foreign currency accounts had the right to import some Japanese vehicles.

source: http://www.########.com/news/?p=1691

Which, apparently, accounts for this weekend's newspaper reports that SL car sales companies are looking to set up shop in Myanmar. What an interesting world we live in.

Some big names in the Sri Lankan used-car industry have already set up shop there.

[terrabytetango]

But, Pls see below too; brand new price is above 2.3m now.

Posted 02 May 2012 - 10:59 PM

Hi All,

Please find below info got from a friend of mine..

Latest price for Perodua Viva Elite (Updated on 02.04.2012)

Elite STD M/T - Rs.2,185,000 /= + Rs. 17,500/= (Registration + with holding tax) = Rs.2,202,500/=

Elite STD A/T - Rs. 2,325,000/= + Rs. 17,500/= (Registration + with holding tax) = Rs. 2,342,500/=

Elite Primium A/T - Rs. 2,625,000/= + Rs. 17,500/= (Registration + with holding tax) = Rs.2,642,500/=

Are you familiar with the concept of depreciation?

[chan5]

Are you familiar with the concept of depreciation?

just out OF curiosity , does it applies to cars in sri lanka? I mean, such popular specimens like , corolla, carina , alto, viva, maruti 800 , dolphin van , sunny,Ect..?

[Scooter]

Ah, now, Terra, this is very,very interesting - this depreciation stuff. Had a look recently at the Tax/Customs guys depreciation tables recently and found the - to be expected - rapid accounting depreciation of vehicles. But that depreciation regime does not appear to be experienced in the prices around on the second-hand car market in SL. Mmmmmm, why not...it happens everywhere else in the world. And have you noticed, in a funny (well, it's not really funny) way,that it's the last owner who actually cops the penalty of high vehicle duty/tax as the individual pays an inflated price for a heap of aged vehicle. The impact of the heavy levies just gets shunted down through the years. JMHO, of course.

[terrabytetango]

Ah, now, Terra, this is very,very interesting - this depreciation stuff. Had a look recently at the Tax/Customs guys depreciation tables recently and found the - to be expected - rapid accounting depreciation of vehicles. But that depreciation regime does not appear to be experienced in the prices around on the second-hand car market in SL. Mmmmmm, why not...it happens everywhere else in the world. And have you noticed, in a funny (well, it's not really funny) way,that it's the last owner who actually cops the penalty of high vehicle duty/tax as the individual pays an inflated price for a heap of aged vehicle. The impact of the heavy levies just gets shunted down through the years. JMHO, of course.

Well in the case of my van, we made a 250% profit on it *giggle*. But then we bought it in 1998, when vehicle prices were at an all time low (unreg Hiace Super GL only 950K... whuuuut??)

It's the high taxes coupled with relatively low cost of ownership that drives up prices of vehicles, especially used ones. Rarity is another, in the case of vans. 10 years ago, we would have turned up our noses at any vehicle that was converted to diesel, but now, diesel conversions fetch prices as high as the proper diesel version of that vehicle, the Townace KR4x series being a prime example of this phenomenon.

In other countries, the cost of maintenance and insurance of a 10 year old vehicle would be wouldn't financially feasible when considering how cheap new cars go for. A big part of this is the borrow based culture of these countries and how cheap borrowing is. Hell I was offered an E90 328 for "just $500/m with $5000 down for 3 years". Allion/141 driving Thel Hingannas pay more than that for longer over here.

[The Don]

Well the cost of vehicles in Sri Lanka has risen for a number of reasons and Terra is bang on a number of these particular low cost of ownership.

High Inflation which has brought down the value of the rupee particularly against the Yen

Inflation in other countries in the world which has driven original cost of ownership.

A culture of non disposal of old vehicles (various reasons for this including the ones terra mentions above but the one below is the most obvious)

Relatively low vehicle ownership ration to population

And obviously high taxes, but it's a combination of all these factors and ones I've forgotten as well