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How will COE increase affect resale price

Pckwpckw

By Pckwpckw,
in General Car Discussion

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Skins

Skins

1st Gear
(edited)

Maybe i rephrase the question:

 

A and B both paid same 100k for same car model. A COE was 50k, B COE was 40k. OMV / Parf is similar. Only difference is 2 weeks in registration.

When it comes to selling off their cars in future, A will not have an advantage over B because dealers will look at depreciation to offer the car. So if A thinks that he can fetch his car at a higher value due to higher COE and he price his car slightly higher than B, then dealers would rather buy from B. 

 

 

Edited by Skins
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Keira

Keira

4th Gear

Best is to enjoy your car. You bought it using your hard-earned money and if you keep on harping about the psychological gains or loss uou will grt stressed over it. Thousands of Singaporean would love to own a car but couldnt....Bought it and so might as well enjoy the ride!

 

Swee comment!! [thumbsup]  Agree that why bother to think whether gain or loss on the car while already bought when others are thinking how to buy a car in these times. Only forking out too much cash for a car & fear that they will not able to pay for the installments will think about gain & loss on their car when resale.

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BenTong

BenTong

Turbocharged

1 half yr yo go....i hope coe price will take a swan dive within this time frame..ððð

Get from fruit tart.. He get COE @ $10k. Think he happy to sell u st $20k..
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BenTong

BenTong

Turbocharged

Swee comment!! [thumbsup] Agree that why bother to think whether gain or loss on the car while already bought when others are thinking how to buy a car in these times. Only forking out too much cash for a car & fear that they will not able to pay for the installments will think about gain & loss on their car when resale.

Now you get TS banker worried..
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clasher

clasher

4th Gear

Instead of getting the $9k in "paper value", I rather COE dropped by $9k to $38k ($47 - 9) ...

 

This way, the AD will refund me $9k in cash.... [:p]

You won't get back $9k for sure. Where got dealer so good? Coe level at $47k and still set rebate level at $47k?
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Piyopico

Piyopico

Supercharged

Hi all,

I booked a car when the coe price was ard $47000. Recently I took delivery of the car and as the COE price increased, the dealer had to pay for a $56000 COE for me.

I felt that I had gained in terms of paper value of $9000 but my friend said that there is no "gain" on my part. He said that in future when I sell my car, dealers/buyers will only look at depreciation based on parf value and offer accordingly and will not take COE into consideration.

For eg, when i want to sell my car with $56000 COE versus a same model car with $47000 COE, assuming car age is only one month difference, i wont be able to sell it for a higher price because naturally, people/dealers will take in whichever car is selling cheaper so i cannot use the higher COE to my advantage. So my gain is actually just "psychological".

We dun talk about scrapping it because for the first few years, no one will scrap their cars when they can definitely fetch a higher price in the resale market.

Any thoughts?

 

 

It's a Sunday.

 

You just got a new car.

 

Go out and enjoy yourself, take a spin in your new ride or do some thing........

 

The clock is ticking on your limited lifespan ....... I mean the COE.

 

 

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Arch1984

Arch1984

4th Gear

Maybe i rephrase the question:

 

A and B both paid same 100k for same car model. A COE was 50k, B COE was 40k. OMV / Parf is similar. Only difference is 2 weeks in registration.

When it comes to selling off their cars in future, A will not have an advantage over B because dealers will look at depreciation to offer the car. So if A thinks that he can fetch his car at a higher value due to higher COE and he price his car slightly higher than B, then dealers would rather buy from B. 

 

Yeah limited impact on future resale value (2nd hand market looks at depreciation) unless COE drops alot and scraping your car can fetch you more $$. Which is almost impossible.

 

Enjoy your car.

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AngryHarrier

AngryHarrier

1st Gear

You are very lucky your dealer is honourable and pay for your COE even when the COE increases. I am not so lucky. Recently, I order a car from Abwin, a PI, for a Toyota Harrier. The sales girl told me the deal was for 6 bids capped at $50K and rebate at $35K. During the 1st three bids, two of the bids were below $50K but the dealer did not bid for me - probably thinking the COE will fall further. Unfortunately, the COE went up after the third bid as MAS relaxes the car loan, and my dealer did not bid at all and even asked me to top up. Eventually, the refunded my deposit. What pissed me is that it was entirely their greed not to bid for me when the COE was below $50K twice because they wanted a higher profit and I did not get my car because of their greed!

 

 

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Pocy

Pocy

Hypersonic

You are very lucky your dealer is honourable and pay for your COE even when the COE increases. I am not so lucky. Recently, I order a car from Abwin, a PI, for a Toyota Harrier. The sales girl told me the deal was for 6 bids capped at $50K and rebate at $35K. During the 1st three bids, two of the bids were below $50K but the dealer did not bid for me - probably thinking the COE will fall further. Unfortunately, the COE went up after the third bid as MAS relaxes the car loan, and my dealer did not bid at all and even asked me to top up. Eventually, the refunded my deposit. What pissed me is that it was entirely their greed not to bid for me when the COE was below $50K twice because they wanted a higher profit and I did not get my car because of their greed!

Wow ... like that also can, another pattern. Are you considering to pursue with the PI?
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