When it comes to purchasing a new car in Malaysia, the standard individual would take into account several factors. Apart from purpose, space and even colours, most would also look at brand reputation and value. Owning a car in Malaysia for the average person will be quite costly, but with the right choice, can take less of a hit in depreciation. The resale value depends on its popularity, maintenance cost and general reliability among others. According to iMoney.my’s article on ‘How to: Manage Cost of Ownership For Your Vehicle’, the general rule of thumb on depreciation is that a new car will approximately lose 20 per cent of its value in the first year and 15 per cent every subsequent year until the 10th year, where it’ll be worth around 10 per cent of what it originally cost.
As a consumer, considering the resale value will allow you to fetch a higher price after 5 years or more. You will then be able to put that into your next vehicle, taking into account your present needs and possibly a growing family. Which cars hold the highest value after 5 years?
Before the current third generation Myvi launched in 2017, Perodua facelifted the second-generation model in 2015. The humble hatchback, Perodua Myvi has been Malaysia’s best-selling car consecutively for a decade since 2006. With over a million cars sold, it holds a special place in many Malaysian families as a great second car or even as a first car for young adults. The 2015 Advance variant was added with reverse cameras and front parking sensors among others and sold for a retail of RM 58,500 new.
Price of new Perodua Myvi 1.5 Advance in 2015 = RM 58,500
Price of used 2015 Perodua Myvi 1.5 Advance today = RM 30,000 estimate
Depreciation = RM 28,500 (49%) estimate
There is a reason why Honda is Malaysia’s best performing non-national car. With a list of best-selling cars like the Jazz, Civic, HR-V and CR-V, the City is a crowd favourite. Why? At a retail from RM 76,000 to RM 91,000, many Malaysians see tremendous value in terms of style, equipment and size for a B-segment car. Powered by a 1.5-litre i-VTEC engine with 118 hp and 145 Nm of torque, fuel economy is an admirable 400 to over 600 km depending on city or highway. With an expected new generation introduction next month, the Honda City is rumoured to be turbocharged.
Price of new Honda City V Spec in 2014 = RM 90,800
Price of used 2014 Honda City V Spec today = RM 40,000 estimate
Depreciation = RM 50,800 (56%) estimate
With the Honda City in this list, we must also include the Toyota Vios. This third-generation model has been replaced with the new Vios, but this one has been very popular thanks to its sharper styling and updated features. Launched in 2013, this Vios had some updates in 2015 that included keyless entry and push start. Prices were also competitively close to the City, with a range from RM 74,700 to RM 94,800 for the TRD Sportivo variant.
Price of new Toyota Vios TRD Sportivo in 2015 = RM 94,800
Price of used 2015 Toyota Vios TRD Sportivo today = RM 40,000 estimate
Depreciation = RM 54,800 (58%) estimate
We have covered the B-segment cars, so it’s only natural we also look at the larger C-segment offerings. The Honda Civic (FB) in 2015 was a mid-cycle facelift model. The facelift high spec model included powered driver seat, paddle shifters, cruise control and keyless entry with push start among the highlights. Powered by a 2.0-litre i-VTEC engine with 153 hp and 190 Nm of torque, Honda Malaysia also introduced the 2.0S with a Navi variant that added a larger head unit with more connectivity features for a retail price of RM 132,800.
Price of new Honda Civic 2.0S in 2015 = RM 132,800
Price of used 2015 Honda Civic 2.0S today = RM 55,000 estimate
Depreciation = RM 77,800 (59%) estimate
Toyota Corolla Altis
The 11th generation Corolla Altis sedan was launched in Malaysia back in 2014 with three variants – 1.8E, 2.0G and 2.0V. The top spec 2.0V is powered by a 2.0-litre engine with 143 hp and 187 Nm of torque at 3,600 rpm mated to a seven-speed CVT. Features include LED projector headlamps with DRLs, 7-inch touchscreen head unit with DVD and Smartphone link, cruise control, and push start ignition. Priced at RM 136,000 it also served as an option to the Civic 2.0S.
Price of new Toyota Corolla Altis 2.0V in 2015 = RM 136,000
Price of used 2015 Toyota Corolla Altis 2.0V today = RM 70,000 estimate
Depreciation = RM 66,000 (49%) estimate
*Please note that the calculations of the vehicles listed are based on average estimates, used by financial sites and also average base prices searched from Carsome’s used car database. Depending on the vehicle’s condition and other prevailing factors, sellers may receive higher or lower prices.
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