Three used car models with strangely retained values on the Vietnamese market
Although over ten years old, the 3 used car models below are still sought after by many Vietnamese people at higher prices than competitors or cars of similar value at the same time.
Toyota Zace Surf 2005
When buying a used car, many people will often think of a Toyota car because of its reputation for durability and reliability. Among them, the Zace Surf model is a name that many people can consider choosing.
Toyota Zace Surf is the last version of the 7-seat Zace line produced in May 2005 before being replaced by its younger brother Toyota Innova. At this time, the car costs 32,000 USD (about 480 million VND). Zace Surf has an improved chrome grille design, front halogen lights and fog lights, front bumper, side trim, chrome-plated exterior door handles and windshield trim, 15-inch alloy wheels. The car's dashboard is wood-paneled, leather seats, 6-speaker CD player. The car is equipped with a 1.8L engine, maximum capacity of 83 horsepower with a 5-speed manual transmission.
Currently, Toyota Zace Surf is being sold on used car floors with prices ranging from 150-170 million VND, equivalent to a remaining value of 31.25-35.4%. Meanwhile, its contemporary competitor, the 2005 Mitsubishi Jolie, is currently priced at 60-80 million VND, equivalent to a remaining value of 14-18.7% compared to when it was first purchased (priced at 28,600 USD, about 429 million VND at the 2005 exchange rate).
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Advantage:Spacious, many spare parts, few breakdowns, durable engine and fuel economy. Ground clearance of 180mm is enough to cross about half a meter of flood.
Disadvantages:No ABS brakes, only 1 airbag, almost 20 years old so only 1 year of inspection left. Vehicles over 21 years old must be inspected every 6 months.
Hyundai Getz 1.4AT 2009
In the used car market, the Hyundai Getz model has become a special phenomenon because it is more expensive than other cars of the same generation.KIA Morning, Hyundai i10. Specifically, the automatic version of the 2009 Hyundai Getz is being sold for 180-190 million VND, while the same generation, the KIA Morning 1.0 automatic costs 140-150 million VND, the Hyundai i10 1.2AT costs 160-170 million VND, and the Daewoo Matiz Groove 1.0 AT costs 150 million VND.
In Vietnam, although it is a B-class hatchback, because its price is close to that of A-class hatchbacks, the Hyundai Getz is often placed in the same category as the KIA Morning/Picanto or Daewoo Matiz Groove of the same generation. According to many people, the automatic Hyundai Getz is expensive because there are not many cars in existence and most of them are used by people instead of being used as taxis like the manual version.
During the years 2008-2010, Hyundai Getz was imported and sold in 2 versions including 1.1 MT priced at 16,900 USD (converted to about 285 million VND, exchange rate 17,961 VND/1 USD) and 1.4 AT priced at 18,900 USD (converted to about 319 million VND). By 2011, this model was discontinued and replaced by Hyundai i20.
Thus, after 15 years of use, the Hyundai Getz 1.4AT 2009 only lost about 44% of its value compared to when it was first purchased. This is an impressive number because if you calculate that each year a new car loses 10% of its value, then usually after 10 years, a car will almost have no depreciation and its value will usually only be about 20-30% (not including the cost of repairs and maintenance).
Hyundai Getz 1.4AT 2009 uses a 1.4L engine with a maximum capacity of 96 horsepower, 126 Nm torque with a 4-speed automatic transmission. The car's safety equipment includes 2 airbags, ABS brakes, and power steering.
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Advantage:After 15 years, Hyundai Getz still does not show any sense of being outdated thanks to its European-style design. In addition, Hyundai Getz is a B-class hatchback, so it has a size advantage compared to models such as KIA Morning or Chevrolet Spark of the same generation. Thanks to that, the interior space of Hyundai Getz brings a more spacious and comfortable feeling.
The 1.4L engine is quite powerful compared to other A-class cars of the same generation. The car is stable thanks to the suspension system which is considered better than the A-class cars. Maintenance costs and spare parts are cheap and easy to find.
Disadvantages:Because it is a cheap car, the equipment of Hyundai Getz is only average such as halogen headlights, manual air conditioning, CD entertainment system..., basically enough to use, so it will need to be upgraded such as Android screen. The car has average soundproofing ability, when traveling long distances or driving on bad roads for a long time, it will make the occupants feel tired due to the noise.
Toyota Vios 1.5G 2014
In April 2014, the third generation Toyota Vios was launched in the Vietnamese market, marking the beginning of a successful streak that lasted nearly a decade. From 2014 to 2020, Toyota Vios has never been surpassed by its competitors. Up to now, Toyota Vios from 2014 to 2017 still holds its value extremely well.
Typically, when Toyota Vios 2014 was launched, there were 3 versions, including 1.5G (priced at 612 million VND) and 1.5E (priced at 561 million VND) using a 1.5L engine, version 1.3J (priced at 538 million VND) using a 1.3L engine. Only version 1.5G is equipped with a 4-speed automatic transmission. Two versions 1.5E and 1.5J are equipped with a 5-speed manual transmission. Up to now, version Vios 1.5G 2014 is priced from 330-360 million VND, equivalent to a loss of value of 41-46% after 10 years.
Meanwhile, its rival, the Honda City 1.5AT 2014, is currently selling for 290-320 million VND. Compared to its launch price of 599 million VND, after 10 years, the Honda City 1.5AT has lost 46.5-51.6% of its value. The Nissan Sunny XV 2014 is currently priced at around 250 million VND, losing 57.5% of its value compared to when it was first purchased (priced at 588 million VND).
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Advantage:Many users still rate the design of the 3rd generation Toyota Vios as the most beautiful of the 4 current generations. The car's design is quite simple, especially the front end is a breakthrough in the youthful, polite trend. The 4-speed automatic transmission operates smoothly, saves fuel with an average consumption of only 7 liters/100km. The overall interior is compact, with many impressive design details, and requires little upgrading. The car has a child seat anchor set in the back seat.
Disadvantages:Although the interior has few negative points, the light on the dashboard feels dark, making the driver feel uncomfortable at night. If it is an original car, the DVD screen is quite outdated and will need to be upgraded. Safety equipment is adequate, not outstanding compared to competitors of the same generation.
