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126 replies to this topic | 322 praises

#1

Posted 23 February 2018 - 04:09 PM

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During 2013, COE was around 70-80k. Few times went over 90k. Have you decided to scrap current car and buy new one??

#2

Posted 23 February 2018 - 04:22 PM

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I bought in 2014, coe cat b $70k. Wasn't very happy with car so kept looking at other new cars. Heck I still looking at new cars  everyday now, latest desire is new V60. But never seriously going to do it. Just keep on modding slowly over the years until now very happy with car never think again.


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#3

Posted 23 February 2018 - 04:31 PM

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My neighbour car who bought when coe was $90k, he has already scrapped his car 2 years back liao!


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Clothe yourselves with compassion, kindness, humility, gentleness and patience.
Life is very fragile. Nobody knows what's gonna happen next.

#4

Posted 23 February 2018 - 04:38 PM

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I didn't buy in 2013 but i also come in to kepoh. Those who bought BnB car then at 90k coe , now can scrap the car , get back aboout 50k coe. Plus 75% of arf refund. the money is good enough to buy a new BnB car to drive for 10 more years with small to pup .
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#5

Posted 23 February 2018 - 04:57 PM

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I got mine at 82K, last bid for 2012..

 

still holding on, to the car, car + coe = shit price..


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every day wont be the same after you make a wrong decision.

#6

Posted 23 February 2018 - 05:22 PM

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My neighbour car who bought when coe was $90k, he has already scrapped his car 2 years back liao!

 

my neighbour bought his at 85k,

everytime when i walk past his car, can't help but to snigger  [laugh]  [laugh]


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#7

Posted 23 February 2018 - 05:37 PM

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change car liao ... [laugh]

 

During 2013, COE was around 70-80k. Few times went over 90k. Have you decided to scrap current car and buy new one??

 


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#8

Posted 23 February 2018 - 05:43 PM

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I got mine at 82K, last bid for 2012..

 

still holding on, to the car, car + coe = shit price..

your car is about 5+ years,  balanced COE worth about 40K. 70% ARF assuming about $14k . That means if you drive on, you lose about 11k per year depre. might as well scrap it to get back the money and buy a new car, which will get you same depre or lower depending on what you buy. Because now your COE write off is more than 8k per year, whereas if you buy a new car, COE write off is about 50% of your current write off only.

 

Now that i reference back the other thread of yours, I understand why you mentioned scraping of your current ride.  if the COE continue to stay low or even lower, it is a viable consideration for your case knowing your car has some problems. 


Edited by Ct3833, 23 February 2018 - 05:44 PM.

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#9

Posted 23 February 2018 - 06:04 PM

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It's not about how much lost if change car, it's about how much u topping up to get a new car that will last 5 more years. If sell a high coe car n need to top up 30k to buy a new car, it's spending 30k to drive for another 5 years. Why not?
iHerb discount code - TEC163

#10

Posted 23 February 2018 - 06:38 PM

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Dun forget outstanding bank Loan amount

Edited by Digthis1, 23 February 2018 - 06:39 PM.


#11

Posted 23 February 2018 - 06:58 PM

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My neighbour car who bought when coe was $90k, he has already scrapped his car 2 years back liao!

Accident or fire?
Dream car: Lamborghini Murcielago 6.2

#12

Posted 23 February 2018 - 07:23 PM

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Why don't sell to dealer? I believe selling price will be above paper value.

#13

Posted 23 February 2018 - 08:17 PM

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Ya must add in bank interest into the depreciation unless next car full cash

#14

Posted 23 February 2018 - 10:24 PM

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my neighbour bought his at 85k,

everytime when i walk past his car, can't help but to snigger  [laugh]  [laugh]

Nothing so good to laugh :mellow: ,i still driving my Mazda 6 2013,$96,000 COE,S'pore buy Cars is like betting in Casino,sometime win [:)] sometime lost [bigcry] ...Like my Fairlady bought in 2009,COE just $5,500.


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Fairlady.


#15

Posted 23 February 2018 - 11:10 PM

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Accident or fire?

Dont know le. Suddenly his car disappeared and checked that his car de-registered liao.


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Clothe yourselves with compassion, kindness, humility, gentleness and patience.
Life is very fragile. Nobody knows what's gonna happen next.

#16

Posted 23 February 2018 - 11:22 PM

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Think I can start sniffing around next year, hopefully COE still remain low. Gonna fully paid up by end of this year, with 6 years to go for current COE not including this year. 😅

#17

Posted 24 February 2018 - 12:25 AM

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Why don't sell to dealer? I believe selling price will be above paper value.

The paper value of the car is about 11k annually just considering coe plus parf, no dealers will buy it at this price. One option is drive on, the other option is to scrap it. And scrapping it is a viable option at current coe price.

#18

Posted 24 February 2018 - 02:31 AM

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Why don't sell to dealer? I believe selling price will be above paper value.

 

Which dealer so willing to take in high coe car in today's context??



#19

Posted 24 February 2018 - 07:16 AM

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my neighbour bought his at 85k,

everytime when i walk past his car, can't help but to snigger  [laugh]  [laugh]

Sometime,i think S'porean really "Stress' when buying Cars,Car due to scrap,must book new car 6 Months in advance,let dealer bid COE,Import the Car,so We actually use the Car "less" than 10 Years,after buying,COE crashed,bang Balls... [furious]  [bigcry] COE Up... [:)] happy....My Friend in Australia told me,in their Country,used the Car until,you really cannot take it's condition,then go & book a new Car,price wise,just a few hundred Dollars different due to exchange Rates...so no worries.


Fairlady.


#20

Posted 24 February 2018 - 08:12 AM

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Dun forget outstanding bank Loan amount

If on 5yrs loan,this year should be clear.


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