Local resale value of vehicles

richardxsingh · Postby **richardxsingh** » August 14th, 2017, 7:47 pm

How does Mazda resale value compared to others?
If Toyota is #1 for resale value what is considered #2?

racedriverpro · Postby **racedriverpro** » August 14th, 2017, 8:29 pm

richardxsingh wrote:How does Mazda resale value compared to others?
If Toyota is #1 for resale value what is considered #2?

2.Nissan

richardxsingh · Postby **richardxsingh** » August 14th, 2017, 8:37 pm

#3 #4 #5?

black start · Postby **black start** » August 14th, 2017, 9:33 pm

If you considering resale value, forget mazda....could add hyundai, kia, etc to that list

richardxsingh · Postby **richardxsingh** » August 15th, 2017, 7:15 am

Hyundai has resale value?

jabs · Postby **jabs** » August 15th, 2017, 7:18 am

Only the h100 bcuz it's probably the only useful Hyundai

supercharged turbo · Postby **supercharged turbo** » August 15th, 2017, 10:23 am

Same goes for the K2700

agent007 · Postby **agent007** » August 16th, 2017, 7:08 am

Hey tuners, I like this topic so here is my take below:

1. Toyota/Lexus
2. Honda
3. Nissan
4. Subaru
5. Mitsubishi
6. Mazda/Isuzu/Suzuki
7. Hyundai/Kia/Ford/Chevrolet/Volkswagen
8. Mercedes Benz/BMW/Porsche
9. Audi
10. Mini
11. Land Rover/Jaguar/Jeep/Volvo
12. Acura/Infiniti
13. Daihatsu
14. Fiat/Skoda/SsangYong
15. Great Wall/DFM/Foton/JAC/ZX Auto/Geely
16. Renault/Peugeot/Opel/Vauxhall/Chrysler/Dodge/Lincoln/Mercury/Cadillac/Hummer
17. Rover/MG/Seat/Citroen/Saab/Proton/Holden
18. Lada/Tata/Asia Motors/Hillman/Daewoo/Iveco/Singer

Not sure about:
Ferrari/Lamborghini/Aston Martin/Maserati/Rolls Royce/Bentley/Lotus/Alfa Romeo and Tesla

Did not mention Spyker, Koenigsegg, Bugatti, TVR, Dacia, Fisker, Lancia, Saleen, Saturn, Oldsmobile, GMC, Geo, Eagle, Plymouth, AMC and Hindustan as I never saw those brands in T&T before.

What are your thoughts?

richardxsingh · Postby **richardxsingh** » August 16th, 2017, 8:13 am

Amen. That is exactly what I was looking for. Other opinions are welcomed if you disagree or agree with list.

TurboSingh12 · Postby **TurboSingh12** » August 16th, 2017, 9:34 am

I still don't think Honda has more resale value as a Nissan.

black start · Postby **black start** » August 16th, 2017, 10:13 am

TurboSingh12 wrote:I still don't think Honda has more resale value as a Nissan.

For each price bracket, they don't. But only in Trinidad as the influx of the nissan econoboxes affected the market prices. Supply and demand and well monkey see....

But for the economy honda vs the economy nissans, the honda is the better built and performing car....

TurboSingh12 · Postby **TurboSingh12** » August 16th, 2017, 10:22 am

Im not saying Honda don't make good cars. It is just the reality of parts and supply. Someone will quicker grab a Nissan. For example my neighbour has his Es8 for sale months now for 50k he has reached 38k and I sold my Nissan 5 days after I put it up for sale and got my price 8-)

richardxsingh · Postby **richardxsingh** » August 16th, 2017, 10:53 am

I didnt want to complicate it...but resale value could be considered in more than one way as illustrated with the nissan example. Resale value could be considered as how much you will get back on your investment (assuming it is sold) and/or could be considered as how fast/easily it can be sold. I think we should stick to actual return ($$$) on investment which I believe is what Agent007 did.

black start · Postby **black start** » August 16th, 2017, 12:17 pm

Resale is basically the return on the initial investment.

Locally though, we see a lot of people who value their car a lot more than the market value for said car. Trini buying habits is that we always looking for a deal. Highly unlikely, a car being sold above market value going to be sold quickly but there are a few exceptions.

Singh, 50k for an es8 is ridiculous. Market value for them is 25k up to about 45k for the pristine ones. Hell, I bought one for 17k a few years ago. Issue isnt the car, it's the price!

VexXx Dogg · Postby **VexXx Dogg** » September 6th, 2017, 9:02 pm

black start wrote:Resale is basically the return on the initial investment.

Locally though, we see a lot of people who value their car a lot more than the market value for said car. Trini buying habits is that we always looking for a deal. Highly unlikely, a car being sold above market value going to be sold quickly but there are a few exceptions.

Singh, 50k for an es8 is ridiculous. Market value for them is 25k up to about 45k for the pristine ones. Hell, I bought one for 17k a few years ago. Issue isnt the car, it's the price!

ES8 cheaper than EK? firetruck me

black start · Postby **black start** » September 6th, 2017, 9:07 pm

VexXx Dogg wrote:
black start wrote:Resale is basically the return on the initial investment.

Locally though, we see a lot of people who value their car a lot more than the market value for said car. Trini buying habits is that we always looking for a deal. Highly unlikely, a car being sold above market value going to be sold quickly but there are a few exceptions.

Singh, 50k for an es8 is ridiculous. Market value for them is 25k up to about 45k for the pristine ones. Hell, I bought one for 17k a few years ago. Issue isnt the car, it's the price!

ES8 cheaper than EK? firetruck me

Sadly, yes. Locally, we ignant to the fact that the es* civic are a great platform..

nismo1325 · Postby **nismo1325** » October 3rd, 2017, 3:43 pm

what about the FD civics them those are good.

1-Toyota
2-Nissan
3-Honda

Plus trini buy based on series or a car....Car could be beat down but its a PD series so its good :roll:

sweeks · Postby **sweeks** » November 25th, 2017, 5:26 am

I always wonder what criteria motor critic uses when doing a valuation. Then again these things are so subjective.

Other considerations:
- 1. Genuine mileage
- 2. Maintenance (dealer maintained is always a plus and helps to determine if mileage was tampered with. That's something you don't get with RoRo).
-3. How the vehicle was driven in general will determine the condition of the suspension, steering rack etc.
-4. Electronics and electrical systems esp if it's a European vehicle.
-5. Year of manufacture vs year of registration.