Recommendations to buy a car which I can sell within 1.5 years with minimum loss

[Engineer]

Hi Gurus,

I will be leaving the country mid of next year so until then I need to buy a reliable car within the range of 3-3.5Mn. My requirements are as below,

1. Minimum loss when I need to sell it next year
2. Auto Gear
3. Fule around 10km

AFAIK a registered vitz (2015) would serve this purpose but I would like to know the expert opinion.

 

Cheers

[AVANTE]

  On 3/1/2020 at 4:47 PM, Engineer said:

Hi Gurus,

I will be leaving the country mid of next year so until then I need to buy a reliable car within the range of 3-3.5Mn. My requirements are as below,

1. Minimum loss when I need to sell it next year
2. Auto Gear
3. Fule around 10km

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Anything with a Toyota badge would serve you well as per your criteria. Especially a Vitz, Passo, Axio & Corolla 121. A Suzuki Swift Beetle, Perodua Viva Elite or Mitsubishi Lancer GLX are good options too as maintenance is affordable and they are simple yet engaging cars that are sought after by all sorts of people (common and enthusiasts alike). 

The key for maintaining a strong resale value is to avoid:

Buying at a sale, paying more than the cars market value, Hybrids, manual transmissions, recent models, uncommon models (even if it's a Toyota), lack of spare parts and anything that needs a specialist garage to maintain. 

But to be honest with you, going by today's standards things like rising fuel prices, more access to leasing facilities, modern cars being too complicated, existing hybrid trend, government tax adjustments and some other factors, it's hard to predict how well cars will hold their value in the future.

Edited March 1, 2020 by AVANTE

[iRage]

In addition to what Avante said....irrespective of what badge it has and brand it is...the reliability of the car is dependent on the maintenance history of the vehicle. If the car has been roughly used and maintained poorly..it is going to be a black hole that is going to suck your money.

[tiv]

  On 3/1/2020 at 4:47 PM, Engineer said:

Hi Gurus,

I will be leaving the country mid of next year so until then I need to buy a reliable car within the range of 3-3.5Mn. My requirements are as below,

1. Minimum loss when I need to sell it next year
2. Auto Gear
3. Fule around 10km

AFAIK a registered vitz (2015) would serve this purpose but I would like to know the expert opinion.

 

Cheers

Expand  

Buy an alto, near the 1.6mil mark leave the rest on a fd. You won’t loose much as there was not much of a sum to begin with, 

You can’t win em all. Tolerate  the clutch.

Cars are no longer assets. Just appliances. The car market has horrendously toppled, both new and used. 
 

to add, 2015 2016 Vitzes have a horrid reputation  as most mileage altered wrecks were imported for dirt cheap, during the 2017 boom. They are going at 3.2 at the moment, some cars were purchased at 3.8 odd, so if 500,000 depreciation is something you can bear then by all means. 
 

No offense To you , as a petrol head in a motoring forum, I find these posts rather ignorant. Maybe it’s just me. Get that alto.

Edited March 2, 2020 by tiv

[AVANTE]

  On 3/2/2020 at 3:29 AM, tiv said:

No offense To you , as a petrol head in a motoring forum, I find these posts rather ignorant. Maybe it’s just me. Get that alto.

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As petrolheads, we don't like to talk much about resale & economy, although we aren't ignorant in those matters either. It's just that true motoring enthusiasts are rare and the majority of the car buying people are focused on the above mentioned aspects and have their own hobbies and problems so it's not something we can fault, although we despise. 

 

[matroska]

  On 3/1/2020 at 4:47 PM, Engineer said:

Hi Gurus,

I will be leaving the country mid of next year so until then I need to buy a reliable car within the range of 3-3.5Mn. My requirements are as below,

1. Minimum loss when I need to sell it next year
2. Auto Gear
3. Fule around 10km

AFAIK a registered vitz (2015) would serve this purpose but I would like to know the expert opinion.

 

Cheers

Expand  

The days of cars being investments are gone - to minimize your loss you should aim for a cheap car ...try something like a viva elite for 2Mil and then sell off. Not even Toyota's are exempt from lower resale values  - since you can buy a unreg car for a 3Mil plus budget its always difficult to sell a car above that range. (I.e a typical buyer is ready to fork out an additional 0.2M for a unreg Vitz over a reg vitz...)so for easy resale you should look at a price range where there are no 'new' options. So focus on the 2Mill range - an alto as Tiv said or if you need the ease of auto gears get a Perodua Viva elite.