Buying a car is quite different in Malaysia as there is more to be considered other than the model, colour and specs – the resale value. In fact, it could be one of the biggest factors when it comes to making the decision to buy a particular car.
So, it is very important to do in-depth research or consult with automotive specialists before making the decision to purchase a certain car.
In Malaysia, the general rule of thumb on depreciation is that a new car will approximately lose 20% of its original value in the first year and 15% every subsequent year until the 10th year, where it’ll be worth around 10% of what it originally priced.
Here are the top cars with the best resale value in Malaysia (Car models are listed alphabetically and all prices stated are estimated/average figures):
1. Honda City
As one of Malaysia’s best performing non-national cars, you can never go wrong with the City. After all, it is one of the most capable and performance-driven cars in the entry sedan category. At a retail price from RM 76,000 to RM 91,000, It is known for its great occupant space and comfort levels, practical boot space, reliable and easy to drive.
If you bought a new Honda City in 2010 for about RM90,000, you can sell it off today for about RM40,000 putting it as one of the best values in this segment.
2. Honda Civic
Since 2014, the Honda Civic's facelifted version came into limelight with a refreshed look and enhanced performance. It appeals to both young execs and even people with families and its high resale value has made it a personal favourite among Malaysians, especially in the second-hand market.
A Honda Civic 2.0S 2014 originally priced at RM124,779 can still be sold around RM50,000 to RM60,000 on average.
3. Toyota Vios
When there is City, there is Vios, another car that needs no introduction. Honda City would surely be part of the best resale value cars in Malaysia. It was after all one of the most capable and performance-driven cars with vibrant design, spacious interior, and competent driving dynamics in the entry sedan category.
If you bought a new Honda City in 2010 for about RM90,000, you can sell it off today for about RM40,000 putting it as one of the best values in this segment.
4. Perodua Myvi
There is a strong reason why the Perodua Myvi is the best selling car in Malaysia for many consecutive years. Some positive comments from the owners are from the economical aspect – It is affordable and low maintenance with good resale value.
For a 2013 Perodua Myvi 1.3 Premium X-Automatic priced at RM46,862, it can be sold at an average resale price of RM30,000.
So which of these have you bought or are thinking of buying? Talk to us for further assistance and book your desired model.