A car - to sell or not to sell!?

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heavenlywild

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#39010 7-Aug-2009 09:45

I have just secured a 2-year contract in Aussie!

I have a 2008 Honda Civic 1.8S and was wondering whether to sell it or to keep it aka store it.

Am I coming back? I have no idea.

What do you guys think? I am leaning towards selling it as leaving it here for two years can only mean the value drops and having to pay for the insurance, etc.

Look forward to your feedback to help make up my mind, thanks!

chiefie

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#243830 7-Aug-2009 09:48

Sell it and get some money out from it... And when you're back in NZ in the future, there will be newer models for you to burn your well-earned money anyhow.

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dolsen

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#243841 7-Aug-2009 10:31

Sell it. Cars don't like to sit and not move, sometimes they seize up. You are in the high depreciation zone, not using it during this time is not good.

wellygary

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#243847 7-Aug-2009 10:39

If you bought the car new, it might be worth keeping as you will wear a fairly large drop in value,

If you bought it second hand, then flick it, as the biggest drop in value has already happened and you didn't wear it.

Adamal

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#243883 7-Aug-2009 12:12

Sell it. If you're going to be in Aussie, you're going to need to the money to get a car. They are not cheap over there.

Only the Holdens and Fords. Anything Japanese... Forget it. I looked up a 1990 MR2 non turbo. Over here, they go for about $2500 if they're in pretty good all round condition.
How much in Aussie? $10,000. And thats AUD

garvani

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#243893 7-Aug-2009 12:34

Adamal: How much in Aussie? $10,000. And thats AUD

Yep you can blame the stamp duty on that! I looked at importing my car there when i was living there, wasnt going to happen thanks to the stamp duty and all the other tax's.

dickytim

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#243900 7-Aug-2009 12:41

I say sell it, as mentioned above, cars don't like sitting for long periods, and you will likely come back after 2 years and have to perform some kind of repairs. If you could get someone to drive it a few km's or so ever 2 weeks to 1 month it might be worth it. My brother is heading to Thailand for a year and a bit and needs to make the same discission about his 5.7 Commodore ute.

ATinyChipmunk

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#243925 7-Aug-2009 13:14

ill buy it :) how much lolol

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heavenlywild

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#243927 7-Aug-2009 13:17

Yeah I am thinking sell it too. Might as well keep the money in the bank eh?

Adamal

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#243940 7-Aug-2009 13:50

Yea. Keep the money in the bank, and it appreciates and gains interest.
Sit a car, it depreciates and loses value.

casper021

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#243953 7-Aug-2009 14:53

sell it

heavenlywild

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#243979 7-Aug-2009 16:22

Haha ok cool now that we have decided that selling is the best option...

Where do you think I should sell it for the best value? Back to Honda (they want a $4000 profit on sales so I would lose that amount on the market value) or the likes of TradeMe?

The car is still under warranty.

dickytim

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#244111 8-Aug-2009 07:41

on trade me for $3,000 less than Honda want, unless Honda would actually buy it rather than sell it on commission for you.

I think if Honda buy it out right it may be worth it to be able to drop it in and not have to worry about test drivers, dreamers also that way you drop it in on the way to the airport :)

paradoxsm

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#244150 8-Aug-2009 10:27

Congratulations, yes sell it IMO, you'll be able to get something newer and better when you return.

Paulthagerous

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#244694 10-Aug-2009 13:21

Try selling it on Trademe for close to market value. If you cant sell it or decide it is no longer worth it then flick it off to Honda.

Personally, as well as putting it on Trademe, I would try posting it on http://nzhondas.com/forum/ and see what happens. Someone there may be keen.