[General] Would you renew 10-year COE or buy a new bike?

[kan0n]

My TA200 left a year to go b4 coe ends, duno should renew or not sia -_-

[jB]

I wonder too, got about 3 years for mine yet I rarely ride it. Constantly depreciating. Every time its being ridden probably about 2km to and fro only.

[jtzx]

left 2 years of COE.. prob sell it off and get a kup kia ;D

 

 

COE = 1.5k++ as for november 2010...

 

bike value now = 1.5k

COE = 1.5k

total about 3k already..

 

Might as well get a 6 years old X1R

[Zhi Ming]

COE now 1.6 k! , any views on whether it will go even higher? Only left 1 more year before my COE runs out

 

btw , this is a good website showing COE prices from 2007 till now.

http://www.st701.com/cars/coe/index.html

Edited January 20, 2011 by Zhi Ming

[asakura_hao88]

The COE is madness!!

[sick0r]

hi, need advice on scarp this bike,

 

my current situation is that, my bike is a FU plate and near end of coe

while traveling my engine stall can cannot restart le so decide to scarp it

a workshop at pioneer road north help to check my bike and told me that if repay need at least 1k, so upon hearing that i decide to scrap it, so i ask how do i scrap it,

they told me that just fill in the transfer form for the bike to their shop and they will do it for me, but the thing is when i ask around how much will i be able to take back

 

he told me that "basically when u scrap is give them(scrap operator) everything" which means i will nt get a single cent back. and when i ask how about the coe, he told me coe FU plate also due cannot get anything also.. i was like WTH!!! so need advice on this.. thanks

[Hydher]

hi, need advice on scarp this bike,

 

my current situation is that, my bike is a FU plate and near end of coe

while traveling my engine stall can cannot restart le so decide to scarp it

a workshop at pioneer road north help to check my bike and told me that if repay need at least 1k, so upon hearing that i decide to scrap it, so i ask how do i scrap it,

they told me that just fill in the transfer form for the bike to their shop and they will do it for me, but the thing is when i ask around how much will i be able to take back

 

he told me that "basically when u scrap is give them(scrap operator) everything" which means i will nt get a single cent back. and when i ask how about the coe, he told me coe FU plate also due cannot get anything also.. i was like WTH!!! so need advice on this.. thanks

 

get a second quotation. whats ur coe value left?

[revhappy]

hi, need advice on scarp this bike,

 

my current situation is that, my bike is a FU plate and near end of coe

while traveling my engine stall can cannot restart le so decide to scarp it

a workshop at pioneer road north help to check my bike and told me that if repay need at least 1k, so upon hearing that i decide to scrap it, so i ask how do i scrap it,

they told me that just fill in the transfer form for the bike to their shop and they will do it for me, but the thing is when i ask around how much will i be able to take back

 

he told me that "basically when u scrap is give them(scrap operator) everything" which means i will nt get a single cent back. and when i ask how about the coe, he told me coe FU plate also due cannot get anything also.. i was like WTH!!! so need advice on this.. thanks

 

FU plate is around 2001-2002 registered. Those days the quota premium used to be like 100$ or 200$, lah. So what do you expect to get back? May be 10-20$, lol.

 

Your best bet is to remove all the spare parts and sell them seperately. For scraping the bike, I believe you just need to give them the chasis and the engine.

 

There are lots of Phantoms on the road with FU and FV plate, so we can see lots of phantoms going to the scrapyard, this year and next year. With COE already touching 1.8k I dont think anyone is going to renew their COE. Really sad.

[Zhi Ming]

FU plate is around 2001-2002 registered. Those days the quota premium used to be like 100$ or 200$, lah. So what do you expect to get back? May be 10-20$, lol.

 

Your best bet is to remove all the spare parts and sell them seperately. For scraping the bike, I believe you just need to give them the chasis and the engine.

 

There are lots of Phantoms on the road with FU and FV plate, so we can see lots of phantoms going to the scrapyard, this year and next year. With COE already touching 1.8k I dont think anyone is going to renew their COE. Really sad.

 

yep...COE gonna hit 2+K by middle of 2011, maybe 3k by 2012...economy recover liao more ppl buying bikes lol...not worth it to renew old bikes arleady, time to scrap and get 2nd hand S4

[Manowar1605201847]

Hi Phantom bros,

 

I'm intending to get a 200cc 2nd hand phantom but I'm new to the world of bike.

 

After trying to learn as much as possible, and reading on the FAQs / several other threads, I have a dilemma regarding the question of COE.

 

1) Should I buy a more expensive phantom with 2 years more COE(till May 2013) @ $1.5k, giving me enough time to upgrade and get a 2A license,

[----> this also leads me to the question of will anyone wanna buy my bike with 1year left of COE? or is my only option left is to scrap it?]

 

or

 

2) Buy a cheaper phantom at maybe $800-1200 with COE ending (2011-2012) and extend the COE if it expires before I get my 2A license?

 

Which will be more financially viable? Thanks for the help bros.

Edited February 24, 2011 by Manowar

[Deltabox]

i would suggest buy one to let u ride until u can get class 2A then scrap it, now COE is $2k, no point renewing for 2B bike unless your bike is really well-taken care of..

[Manowar1605201847]

Okay, thank you for advice. Sibei headache sia. Cuz I got no friends(good at bike) to view with me, so I have to use the knowledge from the guides to check the bike I'm viewing tmr haha.

so many jargons and technical stuff. Hope don't become carrot head lol.

[CSV]

yeah, please check thoroughly. best option, pay a reputable shop mechanic to go see bike with you.

 

then he can certify the bike is good or a lemon.

 

go alone you might end up getting a shitty bike, or an ok bike with a few small problems(like me).

 

good luck.

[Manowar1605201847]

thanks, any recommendation which shop/mechanics offer this type of service?

[ruffino]

I've got my phantom TA200 at 1.8k (plus insurance, road tax, etc) just this JAN.

some cosmetic wear and tear but the chrome parts are well maintained. Engine & mechanical wise is done up nicely by the shop before handled over to me. COE till Jul 2013.

 

If my COE going to end, i would not renew but upgrade to Shadow or relevant chopper in Class 2A.

I am starting to enjoy the comfort of riding a chopper but i still missed my old Yamaha 3MA...

[Zhi Ming]

Guys, if i am planning to scrap when my COE ends in March, will i get the following $$ from my insurance and road tax back? both in June.

[revhappy]

The problem with buying a bike with just 1 or 2 years COE left is that if you are planning to scrap it at the end of the COE expiry, you will always be in a dilemma about maintaining it. Imagine just 1 year left and then suddenly you notice that the there is a problem with the gear box and you need to overhaul and it will cost like 200$. Then you start wondering whether you should do it or not because whatever money you put on the bike you will not recover it back.

 

That is the toughest part. So If I were to buy a bike with 1 or 2 years COE left, I would buy it thinking that I would renew the COE anyway and then ride it for 3-4 years and then scrap it and get the COE back.

 

If you want to ride the bike for just 1 or 2 years then better to buy a bike with atleast 4-5 years COE remaining and then sell it off after 1 or 2 years.

[revhappy]

Guys, if i am planning to scrap when my COE ends in March, will i get the following $$ from my insurance and road tax back? both in June.

 

You will get 85% of the 3 months residual amount of Insurance. Road Tax I am not sure.

[jtzx]

COE expire next year 2012. if the price is not gonna drop below 1.6k, doubt am gonna renew COE. after replacing all the wear and tear parts somemore.

[Zhi Ming]

You will get 85% of the 3 months residual amount of Insurance. Road Tax I am not sure.

 

ah ok thanks...so at least can get back $50 lol

[manfred]

hi ppl if i dun renew my coe, jus ride as normal, who will find out???

[revhappy]

hi ppl if i dun renew my coe, jus ride as normal, who will find out???

 

Everything is digitised here and its all in the LTA system. Everything is interlinked. If you try to renew your bike insurance, they will refuse without COE on the bike. Without insurance you cannot do road tax. Without all these things if you are caught on the road during some routine check, you are dead. Your plate number will easily attract TPs and they can do a check on the spot whether COE is there or not.

 

My 2 cents, just not worth taking that risk in this "fine" country.

[followthelaw]

hmmm... just receive letter from LTA... telling me renew coe for my bike is $1223...

 

should i renew anot? engine condition soso only... still can move...

 

hi, does the letter from LTA give u the choice of 5 or 10 years to renew. my case gg to pay a guy $750 for a pretty well maintained TA200,expire in aug 2011. but the issue is take a bet on coe...now is over 2k. i kind of love the bike,press of a button the fellow starts at once and chain and tyres are all changed.

 

i assume it a good take over except must pray for coe to drop some kind. looking as a tpt b/w my jurong home and work place at changi

[Icomeforyou]

hi, does the letter from LTA give u the choice of 5 or 10 years to renew. my case gg to pay a guy $750 for a pretty well maintained TA200,expire in aug 2011. but the issue is take a bet on coe...now is over 2k. i kind of love the bike,press of a button the fellow starts at once and chain and tyres are all changed.

 

i assume it a good take over except must pray for coe to drop some kind. looking as a tpt b/w my jurong home and work place at changi

 

if i'm not wrong isn't the renewal at your request? And btw, wow jurong to changi?? wow... enjoy the bike.. =)

[followthelaw]

if i'm not wrong isn't the renewal at your request? And btw, wow jurong to changi?? wow... enjoy the bike.. =)

 

ya....jurong west ext to changi daily....now driving a toyota sienta. but boy this car can handle....i pump every 4(sometime 5)days......FC is good. but to cut cost...thgt of getting a 2 wheeler for tpt.me want to avoid class 2a n 2 due to FC issue,installment best dun have

 

one chap selling...coe expire aug 2011....pay him nominal sum and pray that coe will drop....to renew 10 years. TA200 shd be easy to maintain,rite and any other repairs are easily solved by local mechanic,rite