When purchasing a brand new car in Malaysia, there are many factors to take into account. It is true that owning a car in Malaysia will cost you, but with the right research on the brand reputation and value, you could alleviate significant depreciation. The resale value of your car would depend on its popularity, brand value, and maintenance costs among many other factors. In general, your car depreciates in value from 20 to 30 per cent for local and continental cars respectively. But of course this is just an estimate with mileage and other factors.
As a consumer, you should consider the resale value of your vehicle before setting it down for the long haul. Depending on your taste and needs, the resale value can assist you by offsetting an amount, should you decide to upgrade your vehicle in five years or more. As an example, should you decide to take a loan and finance a car for the next 9 years, but in your fifth, you’ve had a family and require a larger vehicle. Depending on its resale value, you might have to put in more to upgrade. The bitter truth is that many have been in this situation, and due to financial circumstances, it forces the individual to keep their car in the end.
We at Carsome.my have calculated a few cars in Malaysia that have retained their value after 5 years or since 2011 based on the average of used car prices online.
Toyota Vios TRD
Beginning this list is the second generation (XP90) Toyota Vios was introduced to the Malaysian market in 2007 and has been the benchmark in its class for Japanese entry sedans in Malaysia (next to the Honda City) ever since its first incarnation in 2003. With a 1.5-litre engine variant for Malaysia, the Vios has been a crowd favourite in the used and new car market. The car has gained so much popularity that its first generation marketing campaign sought out pop sensation Britney Spears as its ambassador for the vehicle. A used Vios can be had from a price of RM40,000 onwards, placing the Vios’ depreciation at about 57% in 5 years.
|Price of new Vios TRD in 2011||RM93,000 est|
|Price of used 2011 Vios TRD today||RM40,000 est|
|Depreciation||RM53,000 est (57%)|
As the entry level Honda next to the Jazz available in Malaysia, the City is crowd favourite choice number two. With its 1.5-VTEC engine and conventional 5-speed automatic, the fifth generation model of year 2011 marks the model’s venture outside the South-East Asian market. With sleek good looks that outreached its predecessor, it was available in South America, certain parts of Europe, Australia and India. With a depreciation value of 55 per cent, the Honda City pits close against the Vios.
|Price of new Honda City in 2011||RM90,000 est|
|Price of used 2011 Honda City today||RM40,000 est|
|Depreciation||RM50,000 est (55%)|
Perodua Myvi 1.5
Ah. The Myvi. This model introduced by Perodua back in 2005 has been the country’s best-selling car consecutively for a decade since 2006 is a feat that few can claim. But it isn’t a surprise as too why it takes the crown. The first generation Myvi was offered in 1.0 and 1.3-litre variants and also was available in manual and automatic transmissions respectively. Best of all, with prices ranging from a little over RM 30,000 at the time to RM 50,000 for the top of the line model, the Myvi is a spacious and easy going city car that could. Chances are you the reader own one or know someone who does.
|Price of new Perodua Myvi 1.5 AT in 2011||RM55,000 est|
|Price of used 2011 Perodua Myvi 1.5 AT today||RM25,000 est|
|Depreciation||RM30,000 est (55%)|
As the only car in this list that has had a long history in the global car market, the Civic holds its value much more than most. A 16-year old Civic today still holds a RM 30,000 value despite its age. What started as a hatchback in 1972 is now a full-fledged sedan – with its 10th generation Malaysian launch just around the corner. Specific models that are still highly sought after by enthusiasts are the fifth and sixth generation hatchback and sedan variants.
|Price of new Honda Civic 1.8 in 2011||RM130,000 est|
|Price of used 2011 Honda Civic 1.8 today||RM55,000 est|
|Depreciation||RM75,000 est (58%)|
The current model for this budget friendly people carrier was introduced in 2005 and has seen several facelifts before its current look. With that renowned Toyota reliability despite its lack of headlining features, the Innova still remains to be the easy going MPV of choice. In Malaysia, the Innova replaced the Unser while its model name is known as the Kijang in Indonesia. While it might not be the most handsome car in our list, taste is completely subjective. For the current model brand new, the top of the line Innova can be accessorised with a rear seat entertainment system, DVD audio and video with reverse cameras.
|Price of new Toyota Innova 2.0G in 2011||RM100,000 est|
|Price of used 2011 Toyota Innova 2.0G today||RM45,000 est|
|Depreciation||RM55,000 est (55%)|
At Carsome we take pride in being your one stop for buying and selling your car. When you sell, it is very easy. We inspect your vehicle and place it up to a fully transparent bidding system where you will get a highest offer guaranteed. Ultimately, we feel that it is very important for every consumer to do extensive research on their next purchase and the true value of their vehicle before trading it in. Do note that these figures are an estimation based on the value provided by various used car dealerships.
Are you looking to change your car or trade it in for something new? Find out more about selling your car within 24 hours on Carsome by clicking here.