Cash vs loan selling price

munky

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Wanna ask you guys, if lets say the car market price is around RM30k (with loan), is it a good price to sell it for RM25k cash ? And the car is 11 years old this year.

Usually how much less do ppl sell to cash buyer ? Hopefully u guys can reply asap before the buyer buy other car hehe
 
abit higher then rm30k less the total interest for the loan i guess ?
 
err bro i seriously dont understand what u said hehe
 
means take the 5k ringgit difference as covering for the interest in loan...
 
cash or not, sell it at market price. maybe give few hundreds discounts at your own discretion, if the car's still within 1yr from the date of your loan, then finance company will charge you the interest for the whole year. if loan duration already exceeded 1yr, they calculate to the exact month you are selling it off (ie. 1yr 2mths). if below 1yr, you lose some interest (ie. paid 6mths installments already, finance straight away charge you 12mths interest)

let him view the car, if he complains here and there, then you estimate if you replace those things he complained will cost you how much. give him that discount, he'll be happy. then again, if your car is those not so hot selling type (ie. volvo, audi), got ppl interested, sell off quickly. i think after 15yrs old cars, you will have difficulties selling it as there'll be no loan available and ppl have to pay cash. with 25-20k cash in hand as down payment can get yourself a new car, 5yrs no maintenance headache.

my point of view
 
Wht hanson mention is correct,
Actually how much u wanna to sell the car is depends on you and if the buyer want or do not want to take loan is depends on them.
Example, u can sell Wira more than 10years at below 20k but with evoIII or other 4g63 engine the price will be higher.
Actually nowdayz still have some Bank wanna to accept more than 10years car provided with high interest only.
Good Luck..
 
they are correct.Depend on wat's the car and how is the rate for loan.usually no ppl will pay cash for 25k above for a used car except he is rich la.actually nothing much effect on u for cash or loan payment oni the buyer hav to pay more for the interes rate.but i prefer loan la.coz pay with cash later the car got problem no money fix....haha
wish u can sell it asap coz atfer cny car price 'might' drop...
 
OK guys thank u so much. I think i'll just sell the car la, coz i dont rugi anything actually

Thanx again
 

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