02 May 2009

The Recession and S15s

I still remember when I bought my S15 almost three years ago. The economy was booming and I took a long time before securing the car at a reasonable price. Back then, sometimes there wasn't even a single S15 listed on sgcarmart.com.

Nowadays, there's anything between 4-6 S15s on sale, which is a lot considering that this number represents more than 10% of the S15 population in Singapore.

As they say, it's a buyer's market now and if you have the means, it's a great time to be snapping up one of these collectibles at historically low prices. Some of the S15s are going for S$6k depreciation per year, a 50% (!!!) drop from the prices two years ago.

For that price, you get a slow slung JDM sports coupe from the golden age of Japanese sports cars, where RX7s, Supras, Silvias and GTRs rule the Wangan.

Oh yes, did I mention the exclusivity? No more than 50 S15s in Singapore means you won't be seeing every Tom, Dick and Ah Beng driving past in one.

If you are in the market for a sports car in Singapore, go get a S15 NOW.

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