Friday, July 30, 2010

Where Do You Get An Indicative Price?

Lately I have received many queries from my reader on what is the right price of the model they are looking for? I actually don’t have the price information but I do have a way to find out. I normally will call up my dealer to ask for specific model price but I also refer to the Star Classified on the latest market price.

In this post, I will show you how I find out the indicative price of a particular Toyota Alphard model.

You can either read The Star newspaper classified page or start with The Star homepage (http://www.thestar.com.my). I then click on the Classified link at the top left of the page, enter Toyota Alphard into the search box, select Cars For Sale from the drop down list and then click Search.


Usually I will get two to three pages of listing from the search results. I will then scan through the listings starting with the latest entries to get a feel of the prices. I normally discard those lists that have a price that is too good to be true or those that don’t list down their prices at all.


In the list shown above, the 4th entry has a starting price of RM150K which is rather on the low side and compare to the one listed above it.

Given the fact that the Approved Permit used can only be used for car below 5 years, the oldest model that they advertise will be from year 2005. Since 2005 is also the year when the new facelift model was introduced, therefore you should check the listing to see if it includes the wording “new facelift” or NFL. In the above photo, the first entry shows that it is NFL model with quite a high specification but the dealer choose not to include the price. A NFL model typically carries a higher premium than a PFL model. Check this post to see the difference between PFL and NFL model.

The other reason for the price difference between two 2005 NFL models advertised by two different dealers could due to the effect of exchange rate. Depending when that dealer brought in the car, they may be paying a higher duty due to the higher Japanese Yen exchange rate at that time.


In the above list, you can see that there is a difference of RM16K between the price of a ’05 NFL in the 1st entry and the 4th entry (see red arrows). Even though the later entry has a slightly better spec I don’t think it worth the price difference so I can only think it is due to the exchange rate effect.

I also normally like to refer to the listings of dealers who give prices of the model from different year so that you get an overview of the price range. In the photo above, both the 1st and 4th entry gave indicative price from year 2005 to year 2007 and I typically use these as a reference.

From what I have observed, the price different between each year is about RM10K or more. If you have the budget, consider getting a later model as they normally have slightly more feature than older mode. For example, AS model from 2006 or later have a camera on the underside of the left side mirror while the 2005 AS do not have this feature.

Let say you scan the list and you find the model that you are interested in and the price is within you budget, I would suggest you to call up the dealers to enquire if the unit is still available. Since the ads are not removed from the Star Classified until after the expiry date of that ad, that car may not be available when you see the ad after several days since it listed.

Let say that unit is still available, you should ask the dealer some basic questions like the year of manufacture, model, colour, specific feature etc just to confirm that it is indeed the car you wanted. Check out this post on what options should you choose for your Alphard.

If you are satisfied that the model you want is available from that dealer, take a trip to visit them to check out the car in person. Verify the year of manufacturing by referring or check the model code to confirm the specification.

Make sure that the giant has all the features listed in the ad. Also check out some of the features like LCD, Radio, DVD player, multi-function steering, front/rear camera etc are working. Start the engine to see if it is in good running condition. Open the engine bay to check the condition of the engine, the rubbers, hoses, etc.

Of course take a test drive of the car to test the power delivery as well as the suspension. Listen while you are on the move to hear if there is any knocking sounds from the suspension or rattling sounds the rear seats.

If you are happy with the car, try to bargain with the dealer for lower price. I normally start with RM10K less from the asking price as a starting point for the price negotiation. Do note that the method I listed above only show you the price of Toyota Alphard on sales in the central region. I heard that most dealers in East Malaysia especially Kuching offer cheaper price. However I am not familiar with their offering so I can’t recommend any.

I like to use the Star Classified because it is easy to use and I can copy the details for reference. Also the listing in the Star Classified usually include contact number that you can call immediately as you scan through.

If you like to see photo of the giants, you can also use MotorTrader to find the indicative prices. Similarly you can also refer to mudah.com to find the list of Toyota Alphard for sale. Both sites allow you to refer your search by year as well.

Happy hunting for your giant.