What to do with 10 y.o. Mercedes?

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KompressorGuy
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What to do with 10 y.o. Mercedes?

Post by KompressorGuy » Fri, 10 Jun 2005 9:53 am

What do you do with a 10 year old Mercedes?

I am considering two options:

OPTION 1: A 2001 Mecedes C180. The price should be about $90k.

If it is worth $0k when it is 10 years old then the depreciation is $90k/6 = $15k/year

OPTION 2: A 2004 Corolla Altis. The price should be about $60K.

If it is worth $0k when it is 10 years old then the depreciation is $60k/10 = $6k/yr

Are my maths correct?

yoongf
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Post by yoongf » Fri, 10 Jun 2005 4:31 pm

When a <10yr old car is deregistered, there is a residual PARF value, which is dependent on OMV or ARF paid.

http://www.onemotoring.com.sg/publish/o ... bates.html

This PARF paper value can be used to offset the ARF when purchasing a new car. Alternatively, this PARF paper can be sold to dealers at about 3% lesser of it's value.

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