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Old 25th July 2008, 12:36 PM   #1 (permalink)
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when can i sell my car?

i want to know what are the factors that affect car selling. factors like taking a high loan or high cashback... im not familiar with it...need some explanation...to how do i know if i can sell my car? what with the new rule on cash rebates....

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Old 26th July 2008, 12:34 AM   #2 (permalink)
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Re: when can i sell my car?

Really depends on your pocket.

If you took a loan with cashback, i think there are terms and conditions that tie you down for a minimum loan period, could be 1-3 years. So you'll need to check your contract for more details.

Then bring your car to a number of 2nd-hand dealers and check the selling price of your car. Also call the bank to check what is the redemption amount for early termination of your loan.

That will tell you if you would be able to break even...

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Old 28th July 2008, 12:19 PM   #3 (permalink)
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Re: when can i sell my car?

typically u go onemotoring.com.sg chk ur car de-reg PARF and COE rebate amt first... den call ur bank chk wat is the amt to redeam ur full loan.... den ur car OMV is a rough gauage of the car selling price it will only go higher wont be lower than that... so...

full loan redim payable amt - PARF and COE rebate at car degreg time + OMV = 0 or u can take back $$ tat is the period u can sell ur car....

using a rough guage of 80k car.... 100% loan min 6 years break even to sell

less than 50% loan 3-4 yrs break even period to sell....

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Old 28th July 2008, 09:17 PM   #4 (permalink)
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Re: when can i sell my car?

If 100 percent loan plus cashback, it might take longer to break even.

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Old 15th August 2008, 01:52 PM   #5 (permalink)
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Re: when can i sell my car?

if u dun mind,, give me a call..

will try to explaint to you.

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