Anyone renewing COE now? Options

[Aaron_soh80]

Anyone renewing your COE now or scrap den buy new car?

[Jj5599]

I am not going to, where to find $72k cash? On top of that, many other incidental expenses for car ownership.

[Observer]

glad to see newer cars on the road

[SimonTan]

You raised a very good questions.
With the high COE expected to continue into 2011.
Those 10years old cars will not likely to be renewed.
Same goes for those 10years old Goods vehicle.

[Ben5266]

If really need to use car and is <1.6L, renew 5 year lor. $25k for 5years is not too bad.
But if >1.6L, bye-bye car....

[Zyrofillica]

If really need to use car and is <1.6L, renew 5 year lor. $25k for 5years is not too bad.
But if >1.6L, bye-bye car....

i tot renew 10 year, when scrap car, lta still return the remaining amount of coe? Or is it renewed coe no paper value anymore?

[Good-Carbuyer]

I believe not many would renew expiring COE (money not enough). I also believe the existing cars with renewed COE would die a natural death upon expiry

[To_be_advised]

i tot renew 10 year, when scrap car, lta still return the remaining amount of coe? Or is it renewed coe no paper value anymore?

This is right. Lta will refund the remaining coe value when scrap.
I think the problem is more forking out the huge amount for coe renewal at the moment.

[Summer69]

This is right. Lta will refund the remaining coe value when scrap.
I think the problem is more forking out the huge amount for coe renewal at the moment.

or we go back to "stone age" again. meaning 1 litre & below car will be popular again, like in the late 80's to 90's...Charade, Starlet, Swift. Justy, vivo....

[13177]

No need to renew lah, just get a 2nd hand car will do.

[To_be_advised]

or we go back to "stone age" again. meaning 1 litre & below car will be popular again, like in the late 80's to 90's...Charade, Starlet, Swift. Justy, vivo....

not a bad idea but it will be quite a scene with majority of the car 1 litre and below on the roads
then i will go for starlet.....with super big TC. hahahaha

[Camrysfa]

haha.....time to revisit this since COE prices in all Cats are having fits, Toyota Altis, Madza 3 is old model, Honda Civic is super expensive, and not keen on MIK Elantra!

1998cc
Rd Tax $12xx
$28,XXX OMV
$18,XXX MIN PARF
REG W/ CAT E COE, $31,XXX
COE EXP IN JUL 2013

For above case, what is the best option:
1. Extend COE by 5 yrs
2. Buy a new car say at all-in-price of 120K ( downgrade to Cat A car )
Remark: Pre-owned car – won’t consider. Condition of present car quite good. Mileage 138xxxkm.
Thanks

[Deckbuild]

haha.....time to revisit this since COE prices in all Cats are having fits, Toyota Altis, Madza 3 is old model, Honda Civic is super expensive, and not keen on MIK Elantra!

1998cc
Rd Tax $12xx
$28,XXX OMV
$18,XXX MIN PARF
REG W/ CAT E COE, $31,XXX
COE EXP IN JUL 2013

For above case, what is the best option:
1. Extend COE by 5 yrs
2. Buy a new car say at all-in-price of 120K ( downgrade to Cat A car )
Remark: Pre-owned car – won’t consider. Condition of present car quite good. Mileage 138xxxkm.
Thanks

New car for the above, you will lose 13k straight when u renew on top of the 45k for 5 yr Coe.

2nd hand also good bet but it will be inflated Coe.

[Old-driver]

haha.....time to revisit this since COE prices in all Cats are having fits, Toyota Altis, Madza 3 is old model, Honda Civic is super expensive, and not keen on MIK Elantra!

1998cc
Rd Tax $12xx
$28,XXX OMV
$18,XXX MIN PARF
REG W/ CAT E COE, $31,XXX
COE EXP IN JUL 2013

For above case, what is the best option:
1. Extend COE by 5 yrs
2. Buy a new car say at all-in-price of 120K ( downgrade to Cat A car )
Remark: Pre-owned car – won’t consider. Condition of present car quite good. Mileage 138xxxkm.
Thanks

To renew your car will cost you $60k +. On top of that the road tax will be higher. Get a car with 4-5 years left at around 40k seems a better option

[Chaolee22]

Not many would renew.

[Edwinccs]

I will scrap and get a used car.

[Dragonfly1]

Whats wrong with pre-owned car?? Can find lots of examples less than 50k mileage n few years lifespan.

Why let gov suck up more $$$$? If u can afford to pay all in cash like china man than go ahead, otherwise save your money can be better spend elsewhere rather than taking 10 years loan.....

haha.....time to revisit this since COE prices in all Cats are having fits, Toyota Altis, Madza 3 is old model, Honda Civic is super expensive, and not keen on MIK Elantra!

1998cc
Rd Tax $12xx
$28,XXX OMV
$18,XXX MIN PARF
REG W/ CAT E COE, $31,XXX
COE EXP IN JUL 2013

For above case, what is the best option:
1. Extend COE by 5 yrs
2. Buy a new car say at all-in-price of 120K ( downgrade to Cat A car )
Remark: Pre-owned car – won’t consider. Condition of present car quite good. Mileage 138xxxkm.
Thanks

[Camrysfa]

Whats wrong with pre-owned car??

errr...maybe becos afraid get a lemon.
and maybe becos dealer ready to slaughter by hiking pre-owned car price in-line with COE upheaval...lol

[Deckbuild]

If your car already into the 9th year, I will suggest you drive till scrap because your parf rebate just reduce by another 10%.

Meanwhile, ask yourself what car you wanna change to, then keep looking at sgcarmart and you will find something that's good. Definitely you will do a test drive, assess from there on.

[Lazymayday]

if really scared of bad used car , get from AD with extended warranty