These are some of the common questions asked by buyers

 

1. What does it re-cond means ?

Re-conditioned/Refurbished/Re-whatever cars is a term where used cars from countries of origin are brought into malaysia, get clean up from the messy state if there is any (for example a grade C or D car) where the seats cushion are torn, engine bays are dirty, paints chipped off and they clean up the whole car. Re-wrap cushions, cleaning of engine bay etc. After reconditioning the car, it is now ready to be sold as unregistered cars.

2. What does it unreg/unregistered means?

Unregistered means the car is not registered yet in Malaysia (means car were bring in from other countries/imported), there is no owners yet in Malaysia for that car. However, unregistered is not NEW. The car has been used or maybe abused in the original country before reaching Malaysia, they have the original documents from the country it originates from. Usually like countries from Japan, they have a document stating the mileage before it leaves the Japan shore. (Easy to say re-cond is unregistered car).

3. What the different means for used cars?

Used means the car has been registered in Malaysia with 1 or more owners (no matter even if the car is re-cond/import new/local brand). Subject to further mileage and further abuse. Interest rates is between 4-5% or more depending on the year.

4. How about imported new, what does it means ?

Imported new cars are directly imported from the origin manufactured countries. These cars are never driven on the road before by one except maybe transporter. An example would be the new Honda Civic Mugen-RR direct from Japan. Normally in Malaysia the importer that bring imported new car is a official franchise or we call it distributor for the brand new cars they bring in. Like a Naza Italia is a official importer for brand new Ferrari & Maserati from Italy. Other like Bermaz is a distributor for brand new Mazda from Japan & etc. In other way also a rich owner order it to be shipped here and pay all the tax and duties himself with an AP. No AP, no import. (Imported cars normally called CBU cars)

5. I heard about grey import & what is the differentiate?

Grey importer refers to dealers which imports car that is not a franchise holder of the car model and does not carry manufacturer warranty. For example, Toyota Caldina, which UMW Toyota will not service nor provide parts for the car. Grey Import does not provide warranty for the cars sold usually with the exception of a few big ones like Naza. Grey import imports car from brand new to reconditioned.

6. How about the resale value for this re-cond car ?

Banks refer your value of the car by the year of make or year manufactured, not the year of your registration in malaysia. This serverly impacts your resale value of the car, especially sports car. For example, you bought an unregistered 05 car, hence you are the 1st owner. This post is year 2010, so your car will be registered as 05/10. And remember, your car is considered as a 5 year old car if the manufacture date is 2005 from the bank point of view.
So you drive it for 7 years (finish installment), your car is now 12 years old. Bank will still provide loan albeit a bit high on the intrest, maybe around 4%-5% or more, but the value of the car maybe will hover around 40-50K depending on the market and demand. If you take on a 9 year old, the car is 14 years old, may not qualify for bank loan and you will need to find a cash buyer. Cash buyers usually mark down your car price 10% or more due to small amount of potential buyers.
For example, if you bought a car lets say 130k, tommorrow if you sell it, it is worth 110k if you trade in to a car dealer. Instant 20k vanished. Why? Because your car is now a 2nd hand car and the interest is higher. So if you sell it as 10k less, there will still be no buyers because they would prefer unregistered ones because of the low interest.

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