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View Poll Results: Would you renew COE or buy a new bike?

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  • Renew 10-year COE

    96 51.34%
  • Renew 5-year COE

    38 20.32%
  • Scrap and buy new bike

    53 28.34%
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Thread: [General] Would you renew 10-year COE or buy a new bike?

  1. #1
    globehart
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    Question [General] Would you renew 10-year COE or buy a new bike?



    Hi,

    I would like to seek opinions from fellow knights...

    I'm an owner of TA150 since 22 August 2006; it's a sixth-hand bike from a car instructor. Back then, it was in a very good condition and it has served me well all these while. My bike is used as a transport and to pillion my partner when we go to work. On some weekends, I'll pillion my mum to wherever she likes.

    Its COE is due to expire on 22 Feb 2009.

    Now I have to make a decision to either renew the COE or buy a new Phantom.
    The only factor is that my mum has been persuading me to buy a new bike because she finds my bike old and she would to like to sit on a new bike.

    Basing on the current market, is the price of a new phantom worth the buy? I’m 27 this year and I’ve my Class 2B since July 2006.

    If it was you, what would you do, any pros and cons that I should take note of?

  2. #2
    SNapEl
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    If it were me... upgrade license, upgrade to 2a bike...

     

     
  3. #3
    globehart
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    I just want to maintain my Class 2B. Don't have intention to upgrade to 2A/2

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    jB
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    If its a 2b transport bike, I'll definitely scrap mine and get a diff bike
    Click below link or copy+paste for good deals!
    http://www.singaporebikes.com/forums/showthread.php/417915-WTS-Shoei-XR-1100-Diabolic-Cimmerian-Mint-Condition-L-Size-CHEAP!-9-8-10?p=8191458#post8191458

    http://www.singaporebikes.com/forums/showthread.php/406472-WTS-Blaupunkt-Style-Headphones-Unopened-BNIB!

  5. #5
    Vonmuck
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    Most important question, how is the condition of your current TA150?

    For example, you already changed the wheels bearings, clutch plates, piston/block, quite new chain/sprockets/tyres, etc.
    The bike is in great mechanical shape, except for cosmetics-wise.

    Renew the COE for 10 years, even after 2 years if you were to sell, surely you will get some money back right?
    Or just scrap the bike and get the remaining COE back.

    The money for a brand new bike is more than enough to renew the COE and do up the bike real nice.

    However that said, i believe the TA150 is a more durable bike than a TA200.
    Have seen how my friend abused his TA150 real badly.
    Also he is a heavy guy, around 90kg and he always pillion his 80kg friend.

    But the TA200 have better fuel consumption and slightly easier maintenance. (Don't need to top up 2T oil.)
    Slow down abit, smell the air and enjoy the scenery.

    Caught the touring bug once again!

    http://www.michelinmotorcycle.com/img/sport_comparo_lg.jpg

  6. #6
    Latsaung
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    It is the same topic what I am thinking when my bike COE ends. Except that mine is TA200 and COE ends in 2012.

    Bro, here's some of my advice. ( Hope you will like it.)
    First of all, what is the reason for buying new bike of same model?
    If you die die must buy new bike, then just go and buy it. Don't think if it is worth to buy or not. (Because you get what you want and you have to pay for it.)

    But if you plan to renew COE to continue ride this bike, here's are some of my advice.

    Your bike worth almost nothing. So take note that after renew COE, may be nobody wants to buy it from you. And it has only COE value. So, just ride until the bike can run. Don't go and do all money drinking things like engine overhaul la, change clutch la, change piston la. Just keep the bike at minimum cost. Ofcourse you cannot trust your bike too much. Don't ride fast.

    Second thing is you aldy loose money since you buy this bike. So, just renew COE and continue enjoy another 10 years of ride. You wont loose more than Depreciation COE. Someday, if your bike can't move anymore, just scrap it and take back unused portion of COE. You scrap now or scrap later also the same.

    Eg. here some calculations.
    Let's say renew COE costs 1000.

    $1000/ 10 years /12 months = 8.333. YOUR COE IS ONLY 8.333 BUCKS PER MONTH which is about 2 plates of chicken rice . While you can ride a bike which costs you only $8.333 per month, why you want to waste more than that? Better save money during recession.

    My advice may be a bit fierce. Do or Die only. I also already planned for my bike. Unless I change to 2A before my COE ends, then it is different story aldy.

    Hope you would like my advice bro.
    ...Rider for Pleasure...

  7. #7
    newbie
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    times are bad now must budget

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    If i were you, ill try and scrap the bike get a 2A bike or change other 2B bike.

    TA150, though faster and all, it generally consume more petrol and on top of that, still need to top up 2T oil... the EO might have a longer lifespan, but overall it has got higher maintenance...

    And... TA150 is really not worth much.... i sold mine about 2 years ago, COE ending like 2010 or something for $500.... if you sell yours now, how much do you think you will get..?

    That 1k maybe ill use it to DP another bike....

    Really, its how u weigh it out lo... cos a new 2nd hand bike might have its COE ending in 3 - 4 years too...

    Personally, i think renewing for TA150 is not worth it.

  9. #9
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    if i were u , i will scrap the bike and get a slightly newer or brand new bike. u never know wat prob will your bike give u since its already coming close to 10 yrs. juz my 2 cents.
    "Respect All Others Until They Disrespect You."

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    Depending on how long you with the bike and do you knw the bike's history. If you know every fault of the bike and you find still worth it to keep the same bike then get the COE lor. Anyway COE can get back in pro rated if you scrape and also if you sell the bike you can also sell a better price with a new COE. So i would say if your bike no problem to you at all GO GET THE COE.

  11. #11
    jB
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    I reckon the only ta150 in SG now not worth to scrap is Madman's
    Click below link or copy+paste for good deals!
    http://www.singaporebikes.com/forums/showthread.php/417915-WTS-Shoei-XR-1100-Diabolic-Cimmerian-Mint-Condition-L-Size-CHEAP!-9-8-10?p=8191458#post8191458

    http://www.singaporebikes.com/forums/showthread.php/406472-WTS-Blaupunkt-Style-Headphones-Unopened-BNIB!

     

     
  12. #12
    lawbah
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    I thought he scrapped his already...?

  13. #13
    jB
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    No idea unless he's transferred his stuff to another bike or sth. I'd do my outmost best to show my kids the beauty I've designed/built if it was me. But SG's limitation
    Click below link or copy+paste for good deals!
    http://www.singaporebikes.com/forums/showthread.php/417915-WTS-Shoei-XR-1100-Diabolic-Cimmerian-Mint-Condition-L-Size-CHEAP!-9-8-10?p=8191458#post8191458

    http://www.singaporebikes.com/forums/showthread.php/406472-WTS-Blaupunkt-Style-Headphones-Unopened-BNIB!

  14. #14
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    also to check, what type of new bike are you looking for ?
    imho not many more cruiser type 2b bikes around. even the popular phantom is already EOL. If you're looking for another 2b cruiser, then maybe just renew COE is worth it.
    if you're buying another 2nd hand bike, then must also consider the initial extra costs to fix miscellaneous problems that may be inherited from previous owner.

  15. #15
    globehart
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    jB: It's my transport bike actually.

    Garry Ong: Actually I don't really know much about the internal of my bike, but it looks good for a 10-year old bike. Everytime when things happened then I'll get the bike uncle to help me.

    What I changed in the past half year:

    Rear bearings in Dec08
    Battery in Aug08
    Rear brake pump kick, front tyres, front rod seal and front brake pad in Jul08

    Does the weight really spoil the bike more? I pillion people everyday to and from work. Both our weight will add to about 130kg I think.

    I top up about 10litres every 200-225 km.

    Latsaung: I don't "die die" have to buy a new bike, was just comtemplatling because of my mum, she says she'll "sponsor some $" if i do buy a new bike...It's typical auntie's preference to own new things I guess...

    Is $2800 a year on bike expenses considered minimum cost? I don't really do much for my bike except regular servicing...

    bernardk: I've been riding this bike since 22 August 2006 and I'm the 6th owner. I had 2 accidents with it. Seriously, if it weren't for me, I think this bike is pretty hardy and don't really give me much problems...

    danchen: I prefer cruiser and Honda bikes like phantom..Cause I'm not so tall... Actually I didn't know that there are no more new phantoms now thats why I will consider buying new one...

    SNapEl, DragonLee, newbie: Thanks for your opinions...

    Latsaung: I like your way of calculations and I think by that, I know that I don't want to buy a new bike now.

    Actually now my question will be more of whether to extend 5/10 years COE since there are no more new phantoms and $ wise, it's not really worth it...How do I assess if my bike can tahan another 5 or 10 years?

    The current COE is 1,097!!! a drop of 267 from last month...my COE expires on 22 February 2009, so I've to pay 1097 for 10 years renewal and prorated for 5 years...

  16. #16
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    Ok, lets analyze your problem in different ways and different approach.

    Since you already decided to renew COE, now we are on the budget route. You have to renew COE in Feb at least with $500 for 5 years.

    Then you ask yourself a question. Are you able to come out extra $500 now? If you don't pay extra 500 now, you have to pay more than that in next 5 years time. Let's say your bike still can run in next 5 years, but you can't renew your COE anymore. Then you have to change bike. So, end up you pay more than 1000 to renew 10 years COE.

    Second, if your bike can't run anymore, you scrap it and take back the unused portion of COE. Ofcourse if u sell it to shops, u will loose a bit.

    So, there is a risk factor. Whether u pay more now and loose less later or you pay less now and loose more later. All depends on you.

    Another thing to consider is that, you said you are 27 this year. In next 5 years, u will be 32. So, will you be still riding this bike at that age or will u upgrade to car or give up riding if you get married? If you confirm you won't be riding at 32, then no point renewing 10 year COE.
    ...Rider for Pleasure...

  17. #17
    SNapEl
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    Hey bro... something to add... I personally dun find buying a new Class 2B bike worth it. 6-7K for a brand new phantom seems too much when there are very decent 2nd hand ones for 2-3k with 5-8 years COE left.

    Another option will be to get another 2nd hand bike. Of course may cost more than 1k plus to renew the COE and have to set aside ~3-500 bucks just in case it needs a good servicing or change of wear and tear parts.

  18. #18
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    Just nice, I'm considering selling off my 4 stroke transport bike :rolleye:
    Click below link or copy+paste for good deals!
    http://www.singaporebikes.com/forums/showthread.php/417915-WTS-Shoei-XR-1100-Diabolic-Cimmerian-Mint-Condition-L-Size-CHEAP!-9-8-10?p=8191458#post8191458

    http://www.singaporebikes.com/forums/showthread.php/406472-WTS-Blaupunkt-Style-Headphones-Unopened-BNIB!

  19. #19
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    Hi, i'm riding TA 150 too, and my COE also ending soon. The bike still serving me very well and I think it still can tahan for many years.

    But i wonder other cost like insurance and roadtax still be the same for 10 years old bike?
    我老爸说:人驾汽车是铁包肉,你骑电单车可是肉包铁啊! 路上千万要小心.

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    coe going down..maybe in 6 moths time coe $1...i would renew then

  21. #21
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    Quote Originally Posted by Tetrabike View Post
    Hi, i'm riding TA 150 too, and my COE also ending soon. The bike still serving me very well and I think it still can tahan for many years.

    But i wonder other cost like insurance and roadtax still be the same for 10 years old bike?
    http://www.lta.gov.sg/motoring_matte..._tax_motor.htm

    there's a surcharge on road tax for bike more than 10 years.

     

     
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    Quote Originally Posted by ah_hui83 View Post
    http://www.lta.gov.sg/motoring_matte..._tax_motor.htm

    there's a surcharge on road tax for bike more than 10 years.
    yes there is....


    btw, $1 is almost impossible... 500 maybe... ill take it at 800

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    800 for 10 Years is worth it if you are the first owner of the bike.

  24. #24
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    COE drop to $900

    I am also having the same problem as you. Only difference is my COE ending a about 2 months time and considering whether to grab a super 4. Now economy not so good.

    Bike has served me well so far. The only problem I have to consider is that by renewing COE I need to do a bit of a minor overhaul on the bike as I have not been servicing it that regularly since always thinking of scrapping the bike. Only service done is change EO.

    Now stuck between a rock and a hard place.
    It aint me officer...The bike is POSSESSED!!

  25. #25
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    if bike condition is above 7.5/10
    u love the bike.. why not renew the coe?renew la=).
    if u feel like riding something new.. get a new one i gues
    thats my personal opinion...
    for me i would walk around look around for new bike that interest me.. if dont have i renew coe=)
    Last edited by Figila; 23-01-2009 at 11:35 PM. Reason: typo
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    OKae!

  26. #26
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    i've lost touch with market prices these days.

    if it were my previous phantom, i would renew 10 years though, not 5 years. i don't know about your bike's condition.


    Honda Phantom TA200 [FT73*2H][2005-2007]
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  27. #27
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    eh noob question wat's eol?
    Gooner For Life
    Wat u see might not be wat u get...
    Preception is reality

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    Quote Originally Posted by Tetrabike View Post
    Hi, i'm riding TA 150 too, and my COE also ending soon. The bike still serving me very well and I think it still can tahan for many years.

    But i wonder other cost like insurance and roadtax still be the same for 10 years old bike?
    Insurance will be cheaper as the bike's age increased.

    Roadtax will increase from 10%,20%,30%,40%,50% til the fifth year.

    However for 2B bikes, it is still very cheap and affordable.
    Even at 50% more on the 5th year, 6 months road tax is like $47 only, and that will be the maximum amount already.

    There are so many RD, RXK, RXZ, Skippers etc which are very old too.
    Even for 2A, many renewed GSX400, CBR400, Nighthawk, GN250 etc.


    I renewed one of my 2B bike at $1100+ COE too.
    But that's because it's a great bike and i have spent alot of money maintaining it.
    Slow down abit, smell the air and enjoy the scenery.

    Caught the touring bug once again!

    http://www.michelinmotorcycle.com/img/sport_comparo_lg.jpg

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    Quote Originally Posted by KingOfTheApe View Post
    eh noob question wat's eol?
    EO? Engine oil? don't see any EOL word here
    Click below link or copy+paste for good deals!
    http://www.singaporebikes.com/forums/showthread.php/417915-WTS-Shoei-XR-1100-Diabolic-Cimmerian-Mint-Condition-L-Size-CHEAP!-9-8-10?p=8191458#post8191458

    http://www.singaporebikes.com/forums/showthread.php/406472-WTS-Blaupunkt-Style-Headphones-Unopened-BNIB!

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    Quote Originally Posted by jB View Post
    EO? Engine oil? don't see any EOL word here
    EOL=End of Life...meaning no more in production.
    FN XXXX L - Yamaha RXZ - 2008 to 20??

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  31. #31
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    Quote Originally Posted by globehart View Post
    Hi,

    I would like to seek opinions from fellow knights...

    I'm an owner of TA150 since 22 August 2006; it's a sixth-hand bike from a car instructor. Back then, it was in a very good condition and it has served me well all these while. My bike is used as a transport and to pillion my partner when we go to work. On some weekends, I'll pillion my mum to wherever she likes.

    Its COE is due to expire on 22 Feb 2009.

    Now I have to make a decision to either renew the COE or buy a new Phantom.
    The only factor is that my mum has been persuading me to buy a new bike because she finds my bike old and she would to like to sit on a new bike.

    Basing on the current market, is the price of a new phantom worth the buy? I’m 27 this year and I’ve my Class 2B since July 2006.

    If it was you, what would you do, any pros and cons that I should take note of?
    I reckon your best bet at the moment is to renew the Coe for 5 years then scrap it. If your mums going help pay for a new 1 ..u cant afford.

    The xtra cost of road tax isnt that much on a 2b u still after 5 years pay around 100 so it aint that expensive. insurance is less to for 3rd party as u only pay for market value and that aint much on a 10+ year bike.

    You have a partner now in within 5 years you got married 1 kid need a car save your money u got bigger expenses on the way.

     

     
  32. #32
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    I dun know abt you, but I'm most likely not gonna renew my 1st hand ta150 of 9.5yrs

    New ride will be coming soon...

    Anyone wanna take over it can sms me though. We can nego.


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  33. #33
    queirtus
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    as the saying goes "do away with the old for the new has to come"

    i would probably scrap mine too... although it has serve me well
    The pain of discipline is nothing like the pain of disappointment

  34. #34
    ChaoPussy
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    i renew and get a new bike too

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    Quote Originally Posted by Pussy1968 View Post
    i renew and get a new bike too
    hmmm renew and then get a new bike?

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    as for me i'll renew 5yEars,,,,

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    For me I will renew 10 years because now you can refund any unused COE in cash.

  38. #38
    genie
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    Quote Originally Posted by Xcert View Post
    EOL=End of Life...meaning no more in production.
    So Phantom bikes are no longer in production? The last of the lot was the Fire edition?

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    Default Buy New

    I will buy new bike.....as low maintenance cost is important to me. Wear and tear on a 10yr old bike means more maintenance cost.....plus more expensive parts and harder to find.

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    maestro_delphine
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    Quote Originally Posted by Streetwise View Post
    I will buy new bike.....as low maintenance cost is important to me. Wear and tear on a 10yr old bike means more maintenance cost.....plus more expensive parts and harder to find.
    Phantom parts are quite common and cheap.

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    I don't understand the COE with bikes; is it similar to that of cars when scrapped, that is, a COE rebate of the unused portion? I don't suppose there is a PARF rebate.

    If the COE has expired and I choose not to renew, what can I get from scrapping the bike?

     

     
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    Hi all PKs,

    Hi brothers my Phantom TA200 is going to end its 10 years service in 2010. I wanna get a brand new TA200, is the market still selling it? coz I heard of other people saying that it is very hard (or no more available) to get new ones liaoz...so does it mean that there wont be any incoming TA200?...I love this bike coz i cannot find any nice 2B cruisers...

    Thanks in advance....

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    Yes its hard to find a new TA200 these days. + its not really worth it to get a 1st hand TA, the depreciation is very high. Also IMHO, you will have a strong urge to change bike as soon as u upgrade yr license. If u are intersted in a 2nd hand one, take a look at my sale.

    http://www.singaporebikes.com/forums...d.php?t=226736


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    Quote Originally Posted by maestro_delphine View Post
    Phantom parts are quite common and cheap.
    For now. As the bike gets `older', parts will be harder to come by since it's no longer in production, which equates to higher price. Maintenance goes up as wear & tear`accelerates'....which equates to `unscheduled' breakdowns. Rust is another enemy too.

    Fyi, I'm a 1st owner of a trusty TA150 for approx. 8yrs(still riding it). The 1st 5yrs were uneventful(a good thing), other than usual break/clutch cables, tires, brakes, spark plug, oil. To date, I've replaced CDI, front wheel bearings, brake plate. Not very much problem considering it's age.

    Going into the future(after 10yrs), I expect the following wear and tear to appear; front fork, exhaust replacement, engine top or total overhaul. I'm esp afraid of overhauls.

    I've friends who owned bikes >10years. It's not worth when u see the `trouble' they go thru. The `downtime' they suffer means incoveniences and time spent in getting their bike back on the road. Again, this is my personal view and to ea it's own.

  45. #45
    bazookay
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    Quote Originally Posted by SNapEl View Post
    Yes its hard to find a new TA200 these days. + its not really worth it to get a 1st hand TA, the depreciation is very high. Also IMHO, you will have a strong urge to change bike as soon as u upgrade yr license. If u are intersted in a 2nd hand one, take a look at my sale.

    http://www.singaporebikes.com/forums...d.php?t=226736
    hi brother thanks for your advice..
    i dont have time to upgrade my license for the time being due to my work and study...even with 2A license...i dont think there are many more chopper to choose is it?...so far i know only shadow and steed..(if they are still available outside)..:S

    by the way if i really want to look for a brand new phantom, brother you know any places that i can try my luck there?

    thanks in advance...

    thanks in advance

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    Yamaha dragstar classic XVS 400 cost 13k otr. I was drooling a little over it when I snapped back to reality that I'm years away from working. I love my phantom and would do the necessary upgrades and upkeep to pass it to my son! ok that is exaggerating... but I know I don't have a choice but to renew COE ha

  47. #47
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    Quote Originally Posted by bazookay View Post
    hi brother thanks for your advice..
    i dont have time to upgrade my license for the time being due to my work and study...even with 2A license...i dont think there are many more chopper to choose is it?...so far i know only shadow and steed..(if they are still available outside)..:S

    by the way if i really want to look for a brand new phantom, brother you know any places that i can try my luck there?

    thanks in advance...

    thanks in advance
    Bike production
    Loois Motors
    AS Phoon

    are a few places that MAY have stock... The last i heard they brought in was the Phantom Fire edtion 1+ year ago.


    Life isn't all about one's self...

  48. #48
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    Thank you for all your responses everyone...

    Apologies for not responding earlier as I haven't had the chance to surf the net.

    In any case, I've read all the responses before I made up my mind to renew my bike for 10-years on 20th February.

    My personal reasons in doing so as follows:

    1. The bike is still serving me well and really don't give me much problems (hopefully in future too!)
    2. It's been my companion and I've gotten attached to it. (Especially when I was so down and out, it stood by me.)
    3. On the practical side, I rather keep my excess $ for rainy days since the economy is not so good.
    4. I don't foresee myself getting married at all and definitely no kids too. ;p
    5. And even if I do get a Class 3 license, I can't afford a car also.
    6. I managed to persuade my mum that buying a new bike is a waste of her $ and if she really wanna sponsor me, keep it for a car the next time...kekekekeke.

    These were some of my thoughts and also with the replies from you guys, I made up my mind to renew 10-year.

    The COE can be refunded in the event I don't wish to continue riding in future. Also, it really ain't much an amount to pay when it works out to less than $10 per month for 10 years.

    And I know I have "someone" to turn to when I need advices about my TA150. That is people like you here!!!

    Thank you once again everyone!!!

  49. #49
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    I'm happy for you and your bike ^^

  50. #50
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    actually ta150 is a v good transport bike, consider that no one will disturb u, nobody will even bother a second look unless super zeng, and u wont feel kinda heart pain when thrash?

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