TOP 7 CARS FOR BEATING CAR DEPRECIATION AND MAXIMISING YOUR RETURNS – VENTURE CARS EDITION
An important thing to keep in mind when thinking about purchasing a car besides the car’s looks, performance, fuel efficiency and price is car depreciation . Most cars depreciate year after year except for a handful of cars. Here is how we calculate car depreciation:
Car depreciation per annum = [Price – (½ ARF)] / 10 Years
If you are wondering how you can arrive at your ARF, please check-out LTA website, they did a good explanation on how you can arrive at your ARF figures. You will need your vehicle’s OMV and CEVs figures to calculate your ARF.
After checking the formula out, you will realise how Open Market Value (OMV) affects the car depreciation value – the higher the OMV, the lower your car depreciates. Be it in the parallel import or authorised car dealers sector, Venture Cars Singapore have the highest OMV value in the car market.
Pro tip: If you are comparing the same vehicle offered between 2 companies, it is always good to compare their OMV figures. The same car might be cheaper but their OMV might not be necessarily higher. The OMV figure is the true value of your car.
A general rule of thumb – Any car that depreciates less than $10 000/year is considered a good buy. 8 of our cars depreciate at less than $10 000/year.
For peeps who TL:DR, feel free to scroll to the last part of this blog article to reveal the champion of the depreciation war.
7. Honda Vezel 1.5X
- Price from $104,888
- OMV: $25K-$26K
- ARF: $18K-19K
- Depreciation: approx. $9,664 per annum
- Road Tax: $682 per annum
- Type: SUV
Being the hot favourite among Singaporeans, it also enjoys a depreciation of less than $10 000 per year. You can check out the 65-page long thread on MyCarForum on why the Honda Vezel is an instant favourite.
6. Toyota Sienta 1.5X
- Price from $102,888
- OMV:$23K-$24K
- ARF: $14-15K
- Depreciation: approx. $9,538 per annum
- Road Tax: $682 per annum
- Type: MPV
You either love or hate the Sienta’s quirky design. Families would love this car due to its huge adjustable space and low floor board. Toyota Sienta X is the basic model of the Sienta. It comes with these features:
- 1 power sliding door (Front passenger side)
- Wireless door lock
- Manual aircon
- Partial LCD and analogue multi-information display
- Shift Knob with piano black furnishing
- PU piano black material for its steering wheel
5. Toyota Sienta 1.5G
- Price from $106,888
- OMV: $24-$25K
- ARF: $16-17K
- Depreciation: approx. $9,838
- Road Tax: $682 per annum
- Type: MPV
The Toyota Sienta G is an upgrade from the Sienta X. It slightly pricier than its X counterpart due to these features mentioned below:
- Dual power sliding doors
- Smart Key Entry
- Auto air-conditioner
- TFT LCD multi-information display with Optitron meter
- Genuine leather shift knob with satin furnishing
- Genuine leather steering wheel
- Plated interior door handles
- Driver seat armrest
- Back seat pockets (Front passenger side)
4. Honda Shuttle 1.5G
- Price from $97,888
- OMV: $21K-22K
- ARF: $11-12K
- Depreciation: approx: $9,214
- Road Tax: $682 per annum
- Type: Station Wagon
The Honda Shuttle is similar to its cousin, the Honda Fit. Most of its design and styling elements are taken from the Fit. If space is your main concern, this is probably the most ideal car for you. A firm favourite among Uber and Grab drivers, the Shuttle’s fuel economy, affordable road tax, huge luggage space and comfortable leg room (as good as a continental vehicle) makes it one of the most sought after vehicle for value and practicality.
3. Honda Grace 1.5LX
- Price from $96,888
- OMV: $21k-22K
- ARF: $12k-13K
- Depreciation: approx. $9,064
- Road Tax: $682 per annum
- Type: Sedan
At $9K per annum depreciation, this must be one of the best deal you can get for a decent Honda sedan. Smart Key Entry, Rear Aircon, 130bhp, 155Nm of Torque, 4-cylinder in-line 16-valve Water-cooled DOHC and a low fuel consumption of 21.8km/litre, the Honda Grace is definitely one of the most affordable family sedan.
2. Toyota Corolla Axio 1.5X
- Price from $93,888
- OMV: $19K-20K
- ARF: $9k-10K
- Depreciation: approx. $8,914
- Road Tax: $680 per annum
- Type: Sedan
50 years and 11 generations of Corolla in Japan Domestic Market with more than 10 million units sold…..what else can be said of the most reliable family sedan in Japan (or probably in the world)? The Corolla has served its purpose and contributed in a no-nonsense way which many of us have experienced before or would have heard about. It is reliable, requires low maintenance and has good fuel economy It is always there when you needed its service. For less than $9K per annum, many will agree with us that the Toyota Corolla Axio is no doubt one of the best bargains in Venture Cars.
1. Suzuki Baleno 1.2XG
The champion of the depreciation war goes to (drum roll please), the Suzuki Baleno !
- Price: from $86,888
- OMV: $17k-18K
- ARF: $7k-8K
- Depreciation: approx. $8,314 per annum
- Road Tax: $508
- Type: Hatchback
Launched recently in Europe in spring 2016, the Suzuki Baleno is a bar-raising hatchback that is fun to drive and engineered to meet today’s consumers’ needs. The Baleno rides on a new platform with less weight and more rigidity. The powertrain is a 1.2-liter dual jet four-cylinder engine with 89 hp and 89 lb-ft available with CVT.
The sporty and yet elegant design of the Baleno is typical of a Suzuki hatchback. Seen from the front, the body graciously flares outward from the cabin, resulting in a low, wide and sporty yet elegant profile.
Features of this car includes:
- Smart Key Entry – Although priced at $8,000 per annum, the Baleno gives you everything you need for a basic car. Airbags, ESP, Hill Hold Control, Reverse Camera and Smart Key Entry (a.k.a keyless push start system)
- Cruise Control – Yes, make no mistake this car actually comes with Adaptive Cruise Control as a standard equipment. There are not many cars with this price tag that comes with cruise control functions.
That is it for now! If you have any questions on car depreciation and how it affects you, please give us a shout out via Facebook or via our contact form on our official Venture Cars Singapore website.