Why are second-hand BYD S7 cars so cheap?
4 Answers
The reasons why second-hand BYD cars are cheap are as follows: Brand factor: Although domestic brands now have excellent car manufacturing craftsmanship, some people still hesitate to buy domestic cars due to face issues and the influence of friends and relatives. Stability concerns: Although domestic cars have become quite mature, there is still a certain gap compared to major international brands. Some people worry about the stability of the cars, fearing frequent breakdowns and repairs. Depreciation rate: First-time car buyers often think they will drive a car for XX years, but as cars become cheaper, people tend to prefer newer models. When reselling the car later, the depreciation is too significant.
Why are second-hand BYD S7s so cheap? As someone who frequently deals with cars, I believe this is related to maintenance costs. The original price wasn't high when new, only around 100,000 yuan, so the depreciation rate is naturally low. Additionally, transmission issues are common, such as the 6-speed wet dual-clutch being prone to overheating and damage, with repairs costing thousands. Many owners experience frequent minor problems after a few years, like electronic system failures, which make buyers wary of potential risks. While maintenance is cheap, the high failure rate leads to aggressive price cuts when selling used. High market saturation is another factor—you see many on the road, and the supply-demand relationship drives prices down. Before buying, I recommend a comprehensive inspection, checking mileage and maintenance records. Overall, risk and depreciation contribute to its low second-hand value.
As someone in the used car market, the low price is mainly due to brand and market factors. BYD, a domestic brand, is positioned as affordable, with new cars already being budget-friendly, and depreciation is two to three times faster than joint-venture cars. Additionally, the S7 model has been discontinued, and newer models like the Song or Tang are more popular, making older models less competitive. The large number of vehicles in circulation leads to an oversupply in the used market, prompting sellers to lower prices to offload them quickly. Higher fuel consumption also affects resale value. Overall, market dynamics and lower brand premium make it cheap. Buyers should pay attention to the vehicle's origin, avoid accident cars, and opt for low-mileage ones for better value. From an economic perspective, it's cheap but still a practical choice.
I've driven a BYD S7 myself. It was decent when new, but depreciates quickly as a used car. The reason is that it develops many issues over time, like interior parts aging easily, with plastic components looking worn after just a year or two. The fuel consumption is quite high in the city, with a combined rate of over 10 liters, which gives users a headache, and buyers haggle aggressively when selling it used. Additionally, the powertrain isn't smooth, with noticeable jerking that affects the driving experience. While the space is large, practicality is compromised, leading to low offers when reselling. Overall, outdated design and potential faults make it cheap on the used market, so a test drive is recommended before buying it as a commuter car.
