Hi MCF-ers, just need to ask this question to get it over my mental calculations.
Im driving a BMW 316i for close to 2years now (since Nov 2014) and im looking to change to another ride with a larger interior space (MPV / SUV / Stationwagon). I searched through Sgcarmart and find that some 2013 cars are quite "value for $$".
My current monthly installments (5years loan) is about $1.6k.
The 2013 cars i shortlisted, monthly installments ranges from $1.15k - $1.2k for 7years loan.
I know i am a itchy backside person having changed a few cars within 10years of driving. so i think i might change cars normally 2-3years of ownership.
I was looking at Audi A6 Avant or some Conti/Jap SUVs price ranging from $125k-$140k. Depre is around 16-17k/year. I think depreciation will not matter to me since i most probably wont drive the full 10years.
As we all know, 2013 was record breaking for COE prices. Most of the 2nd hand cars i saw had $93k COE and the prices listed are now almost 40% off the then listed prices (not sure of any discount or what when 1st owner bought) for a short 3years usage.
Can any helpful soul enlighten me?
Thanks very much!