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Thread: Will you renew COE for your 10yo car in good condition or buy a 2nd hand parf car wil

  1. #1
    ProFatSir
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    Default Will you renew COE for your 10yo car in good condition or buy a 2nd hand parf car wil



    As above.

    Example
    Coe price-$70K
    Upon 10yo,1.6L,1st owner
    eligible for parf $5700,
    Engine in perfect condition.
    Low mileage of 70km

    OR

    buy a 2nd hand parf car will year depreciation of $8K?

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    MR BIKER
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    This is where i scratch my also. even though i dont know your car , but my China mad car is still good because its OPC. even though it has travel 110k km, i feel its still strong. even the private mecahnic i go to say , the engine is very good. i am not sure what will happen in 2017 when its coe will expire, hopefully the coe drops to say 40k. then i will probably renew it for 5years and then scrap it. why??? because many parts are not easily availlable and with the way coe is increasing, i think china cars company may fold because many people are not buying them anymore.
    from the parf value, i would say your car is koreaa or malaysia made. most cars after travelling 70k km and above start to create problems. its difficult to say , depend on your budget.

     

     
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    ProFatSir
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    Same here.lancer cs3.coe till aug/2017

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    keyxblade
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    Quote Originally Posted by ProFatSir View Post
    As above.

    Example
    Coe price-$70K
    Upon 10yo,1.6L,1st owner
    eligible for parf $5700,
    Engine in perfect condition.
    Low mileage of 70km

    OR

    buy a 2nd hand parf car will year depreciation of $8K?

    sent from sony ericsson GH388H
    2nd hand car depreciation 8K per year meh? I look at sg car mart a 5 year old mostly is around 60K. so depreciation is 12K?

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    zalk
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    Quote Originally Posted by MR BIKER View Post
    This is where i scratch my also. even though i dont know your car , but my China mad car is still good because its OPC. even though it has travel 110k km, i feel its still strong. even the private mecahnic i go to say , the engine is very good. i am not sure what will happen in 2017 when its coe will expire, hopefully the coe drops to say 40k. then i will probably renew it for 5years and then scrap it. why??? because many parts are not easily availlable and with the way coe is increasing, i think china cars company may fold because many people are not buying them anymore.
    from the parf value, i would say your car is koreaa or malaysia made. most cars after travelling 70k km and above start to create problems. its difficult to say , depend on your budget.
    70k km is peanuts. I doubt many cars start creating problems after 70k km. Except maybe china car I dunno. U see australia and america, people drive 20-30 year old cars no problem at all. Malaysia also got 1980s Datsuns and 1990s Protons in running condition.

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    eesymerej
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    Both my cars, one Kimchi, one sushi both more than 200,000kms still running strong. Keeping my fingers crossed for 2016 when both the COEs expire.

    Sent from my C6833 using Tapatalk

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    ProFatSir
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    Quote Originally Posted by keyxblade View Post
    2nd hand car depreciation 8K per year meh? I look at sg car mart a 5 year old mostly is around 60K. so depreciation is 12K?
    Minus off the parf around 8k/yr

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    Quote Originally Posted by eesymerej View Post
    Both my cars, one Kimchi, one sushi both more than 200,000kms still running strong. Keeping my fingers crossed for 2016 when both the COEs expire.

    Sent from my C6833 using Tapatalk
    Hahaha....scrap both get parf,buy a 2yr left car better.

    I Expected coe to drop at early 2010 period to around $45-60k.

    Because 2010 onward is 50k and climbing.

    It make no sense for them to bring down to 20k frame because of the 2011-2014 coe is 70-100k.
    Imagine majority of 2011-2014 all scrap at the same time to get back coe balance. ..

    Another thing is the 50% downpayment/5yrs loan period.

    Its good to filter those who cant afford a car yet die die want face,must have car.

    Worst hit personal
    1-salesman with pity car allowance.
    2-ppl with disable family mbrs/hospital treatment.





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    ProFatSir
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    Quote Originally Posted by zalk View Post
    70k km is peanuts. I doubt many cars start creating problems after 70k km. Except maybe china car I dunno. U see australia and america, people drive 20-30 year old cars no problem at all. Malaysia also got 1980s Datsuns and 1990s Protons in running condition.
    With proper maintance,it last a long time.
    Driver behaviour plays a part.


    sent from sony ericsson GH388H
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    eesymerej
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    Quote Originally Posted by ProFatSir View Post
    Hahaha....scrap both get parf,buy a 2yr left car better.
    No point. Both these cars expired in first quarter 2016. And my kimchi car annual depreciation is only $3.5k! Perfect timing for me to replace both in 2016.


    Sent from my Nexus 7 using Tapatalk

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    ProFatSir
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    Quote Originally Posted by eesymerej View Post
    No point. Both these cars expired in first quarter 2016. And my kimchi car annual depreciation is only $3.5k! Perfect timing for me to replace both in 2016.


    Sent from my Nexus 7 using Tapatalk
    Power lah....
    300k for 2.

    sent from sony ericsson GH388H
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    MR BIKER
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    Quote Originally Posted by zalk View Post
    70k km is peanuts. I doubt many cars start creating problems after 70k km. Except maybe china car I dunno. U see australia and america, people drive 20-30 year old cars no problem at all. Malaysia also got 1980s Datsuns and 1990s Protons in running condition.
    my assumption is based on many excolleagues who always change cars after driving 5 years or more than 70k+ km. myself . i didnt really care about their habit until i bought myself a first hand car and really wonder my friends's expericneces. now while i ride china car which start gave problems (maybe small such as alternator spoil) in the first 35k km, my ex colleaguie drive cars like Honda , Toyota , Nissan.
    i used to own a datsun which i kept for 5 years and gave me very few problems. i drove many times to malacca and genting .
    i think now adays car manufacturer have tweeak their machine NOT to last like cars of olden days. another good example old crt tv. anyways its just my opinion. back to the main question please :Will you renew COE for your 10yo car in good condition or buy a 2nd hand parf car

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    ProFatSir
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    Quote Originally Posted by MR BIKER View Post
    my assumption is based on many excolleagues who always change cars after driving 5 years or more than 70k+ km. myself . i didnt really care about their habit until i bought myself a first hand car and really wonder my friends's expericneces. now while i ride china car which start gave problems (maybe small such as alternator spoil) in the first 35k km, my ex colleaguie drive cars like Honda , Toyota , Nissan.
    i used to own a datsun which i kept for 5 years and gave me very few problems. i drove many times to malacca and genting .
    i think now adays car manufacturer have tweeak their machine NOT to last like cars of olden days. another good example old crt tv. anyways its just my opinion. back to the main question please :Will you renew COE for your 10yo car in good condition or buy a 2nd hand parf car
    I will choose to renew the coe.
    Because
    Example as below
    Brand new altis-$134k with $80k coe
    Machine cost $54K!

    I already got a good reliable working car.. unless i upgrade to 7 seater mvp.


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    Ur money do what u like.

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    Will be renewing COE for my cat B car later this year.
    mileage now 91,000
    condition tiptop
    and i know the car inside out so why not?
    of course tempted to get a newer one but best to just take it easy as cars are an expense at the end of the day.

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    theblackmamba
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    what car u renewing coe for sir?

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    ProFatSir
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    Quote Originally Posted by papabread79 View Post
    Ur money do what u like.
    Here come the wiseman.
    Problem is no money lah bro....can borrow $50?

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    Quote Originally Posted by Throttle View Post
    Will be renewing COE for my cat B car later this year.
    mileage now 91,000
    condition tiptop
    and i know the car inside out so why not?
    of course tempted to get a newer one but best to just take it easy as cars are an expense at the end of the day.
    Your parf quite high right?
    Cant remember you driving a merc or masarati.

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    Quote Originally Posted by ProFatSir View Post
    Your parf quite high right?
    Cant remember you driving a merc or masarati.

    sent from sony ericsson GH388H
    Yes my Parf is high. OMV is $126k
    Neither Mercy nor Maserati.

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    Quote Originally Posted by theblackmamba View Post
    what car u renewing coe for sir?
    A German sports car.....

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    wait4me
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    merc sls ?? amg ?
    一路向北 4 EVER , my friend



     

     
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    jeffrey83
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    Hate this topic! Sigh......

    Must pay full? Any options available?
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    Quote Originally Posted by wait4me View Post
    merc sls ?? amg ?
    Already said not Mercy or Maserati lah....

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    Quote Originally Posted by jeffrey83 View Post
    Hate this topic! Sigh......

    Must pay full? Any options available?
    Pay full is better right? Own it rather than loan it.
    i understand, you can finance with some dealers but why bother renewing COE unless its a good car with value? Better just to get a secondhand car with PARF if you wanna take a loan

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    ProFatSir
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    Quote Originally Posted by jeffrey83 View Post
    Hate this topic! Sigh......

    Must pay full? Any options available?
    Lta make make full payment.
    It either you

    Loan from financial company(super high interest)

    Loan for car dealers(interest also quiet high,, around 7-8%/annual)



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    Quote Originally Posted by Throttle View Post
    Already said not Mercy or Maserati lah....
    i guess a posh liao lo
    一路向北 4 EVER , my friend



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    Quote Originally Posted by wait4me View Post
    i guess a posh liao lo
    911...10chars


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    Waiting for COE to continue to drop.......
    Woohoo

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    Default To renew or not to renew ?

    [QUOTE=Throttle;8201682]Waiting for COE to continue to drop.......
    Woohoo


    Many people only consider the price of COE or PQP whenever the decision to renew their 10 year old faithfuls .

    Yes , cost is first in priority , but there are also other factors that needed consideration :

    This is a case i would like to share with you ......

    Many years ago when the cost of renewing the PQP or COE was only S$1.00 sgd !

    My friend renewed 3 trucks/pickups that he owned during that period, his vehicles soon broke down as age caught up (2 years later ) and
    needed repairs , soon he was left with one pickup . I asked him the reasons for not repairing the rest of the pickups ( Nissan Homer ).

    He told me that those models were obsoleted, Japan had stopped productions and there were no spares available ( not even in Japan ) .
    One typical item : the rubber seals and the windscreen ( no way to find them ), signal light box , bumper , bonnet cover etc .

    This is one good example of a vehicle with valid PQP , but cannot be used . As it was only S$1.00 , he just left it around to rot !
    But later no choice , sold it as scrap !

    Today , most mechanical parts can be modified or easily replaced ( common model ) , but there are still some difficulties when it comes to
    body parts ..... E.g. the 1986 Honda Accord , Honda Integra headlights, tail lights even the door locks etc can be a challenged .
    Maybe lucky can get them thru ebay or other online source .

    Conclusion : select and study the model and make of your intended car thoroughly before deciding on its extension

  30. #30
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    Renewed my COE in Sep.

    $67k++

    mileage 97,xxx km

  31. #31
    resistanc
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    With the current prices, renewing the COE of your current car will be the best. You will know the condition of your car. Buying another 2nd hand car has high possibilities of inheriting unknown car problems...

     

     
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    buy the $8k depre car bro

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    renew is the car's engine is in good condition. otherwise scrapped and purchase a second hand car.

  34. #34
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    Quote Originally Posted by MR BIKER View Post
    my assumption is based on many excolleagues who always change cars after driving 5 years or more than 70k+ km. myself . i didnt really care about their habit until i bought myself a first hand car and really wonder my friends's expericneces. now while i ride china car which start gave problems (maybe small such as alternator spoil) in the first 35k km, my ex colleaguie drive cars like Honda , Toyota , Nissan.
    i used to own a datsun which i kept for 5 years and gave me very few problems. i drove many times to malacca and genting .
    i think now adays car manufacturer have tweeak their machine NOT to last like cars of olden days. another good example old crt tv. anyways its just my opinion. back to the main question please :Will you renew COE for your 10yo car in good condition or buy a 2nd hand parf car
    i will renew leh. just not sure if i should renew 5 years or 10 years? haih.
    there are more restrictions if u renew 5 years.

    do you renew car COE?
    this article convince me that i should renew my COE... last time don't wanna think coz no one wanna lend money to COE renewal. banks all reject.
    but now can liao, think interest rate not bad, so i rather renew.

    good things abt japanese cars is they are really hardy. designed for more than 10 years of driving.

    singapore coe jin champ. paper last only 10 years, SHORTER lifespan than the metal car. lol

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