Hello
I am thinking to buy a car. I've been to a couple of new car showrooms and when I ask them how much it would be worth in 2 years time they tell me about 70% to 80%. Buick, VW, Honda - the dealerships all claim they will buy the car back from my in 2 years time when i leave China.

This seems too good to be true, 70% resale is good, but I have heard from friends and the internet that second hand cars in Shanghai hold their value very well. Any idea if this is true? What's people's experience of selling their car?

Thanks

So, why don't you buy used car for 70% from original price ? However, take care - there a lot of cars are: from car incidents / sinked / without docs / etc ..etc..

butako wrote:Hello
I am thinking to buy a car. I've been to a couple of new car showrooms and when I ask them how much it would be worth in 2 years time they tell me about 70% to 80%. Buick, VW, Honda - the dealerships all claim they will buy the car back from my in 2 years time when i leave China.

This seems too good to be true, 70% resale is good, but I have heard from friends and the internet that second hand cars in Shanghai hold their value very well. Any idea if this is true? What's people's experience of selling their car?

Thanks

I can attest to the fact that second hand cars hold there value here. Since cars are a new thing for China there is fewer of them for sale so the sellers can ask for more. When we where looking for cars we where shocked at the prices. Some dealers where actually asking more for a used car then what it costs new!

But after fees and such not sure if it will be worth it for two years.

And don't listen to all the "expat compound experts" driving here is fine. Rush hour sucks but no more then any big city in the states.

Peace