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BAIC X7 Grandeza
Model Price Philippines₱ 1,648,000 -
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BAIC X55 Verve
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BAIC B60 Beaumont
Model Price Philippines₱ 3,188,000
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SubscribeSilver Cars for sale in Taytay Rizal
Taytay, Rizal
2017 TOYOTA HI ACE VAN COMMUTER 3.0 MT
- Used car
- 2017
- Manual
- 68,000 km
Second hand 2015 Ford Ranger 2.2 XLT 4x2 AT for sale
- Used car
- 2015
- Automatic
- 110,400 km
Selling Silver Honda Civic 2008 Manual in Taytay
- Used car
- 2008
- Manual
- 120,000 km
Silver Toyota Fortuner 2005 for sale in Taytay
- Used car
- 2005
- Automatic
- 105,000 Km
Determine your budget to buy a used car
Buying used cars is more popular in the Philippines market today, as many people prefer used cars over brand new cars. However, it can be challenging to decide how much is appropriate to pay for a used car given the wide range of pricing available. How to set a budget for a used car is explained in this article.
Second hand cars for sale market in the Philippines
There was a strong recovery for the Philippines auto industry in 2021, which saw sales of 292,842 vehicles. After the pandemic, Filipino people are more willing to use private vehicles over public transportation to protect their health. Compared to brand new cars, second hand cars for sale are preferable with many advantages at a lower price. That drives the demand of buying used cars in the Philippines these days.
Where to buy used cars in the Philippines?
There is a load of dealers available on the market today for selling and buying used cars. You should choose reputable used car listing pages to avoid unnecessary risks. You can access Philkotse.com - a reliable website which provides you various latest used car models day by day for you to choose. This website transparently publishes every information about cars price and specifications.
Determine your budget to buy used cars
Basically, the rate of a vehicle's depreciation over time is used to determine the worth of an old car. A car depreciates from 100% to 0% on average after 25 years (4% annually on average), of which:
- From the first 1-3 years: 5% - 8% per year
- From 4 - 7 years later: 5% - 7% for each year
- 8 - 10 years later: 8% per year or more
Therefore, if you found a used car which is 4 years old, the depreciation will be 20% - 28% (5% - 7% for each year). That means the price would be 70% - 80% of the original price. To find out how much a used automobile would cost after four years of depreciation, visit Philkotse.com and check the price of a new car. You should pay that amount to purchase a high-quality used car.
It is very important to determine your budget when buying used cars as it could save your time and cost. You will find a good quality used car at an affordable price. Hopefully, the tips which we have given in this post will help you make the right decision on the best used car.
MAXSPEED AUTOPORTAL INC.
12/F AIC Burgundy Tower, ADB Avenue, Ortigas Center, Pasig City, Metro Manila, Philippines
09481334353 (SMART) - 09260673939 (GLOBE)