Anyone renewing COE now?

[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

[Seanboi]

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.....

 

There are many many cars with low mileage in the 2nd hand market. But what makes you think the mileage is genuine?

 

Let govt suck vs let dealer chop is a decision for TS to make.

 

Renewing COE for 5yrs is not worth it if you calculate the PARF foregone.

[13177]

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.

I believe if your car reached 8 year or 9 year, dont think anyone will scrap the car cause not worth it, since you are able to get back the full amount of parf when you drive until the last day of your car. 1-2 more years to go very fast lo.

Edited August 2, 2012 by 13177

[Princey_anne]

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....

I believe more will renew later when the 2nd hand car supply runs low. Many 6-7 years old cars on sale but soon they will be old.

The OMV of these cars are very low from 6k to 11k so it is worth to renew for some.

[Princey_anne]

Double post

Edited August 2, 2012 by Princey_anne

[Tcx607]

At this time to renew COE at crazy price definitely "No Go".

You will loose all time. Better sell away your car and get a used one until 2016.

[Camrysfa]

Hi folks, thanks for the good feedback. Yah, renewing COE for 5 years, seems lighter on upfront cash, but think abt it, it is throwing about 12K per year. Crazy.

 

So I have 2 more options to consider:

a. Move in in Oct 12, for new car Cat A market.

b. Wait till Jan 13 for next COE quota announcement.

Which one better chance of lucky break...

 

 

 

 

 

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

[Deckbuild]

Hi folks, thanks for the good feedback. Yah, renewing COE for 5 years, seems lighter on upfront cash, but think abt it, it is throwing about 12K per year. Crazy.

 

So I have 2 more options to consider:

a. Move in in Oct 12, for new car Cat A market.

b. Wait till Jan 13 for next COE quota announcement.

Which one better chance of lucky break...

 

Next yr, you change now very Bo hua, go one motoring website check you scrap value u will know what I mean.

[Aaron_soh80]

Possible to convert a COE car to OPC?

[Dxyong]

If die die must drive then bite the bullet....scrap the 10 yrs old car....use the PARF to put down payment for a new or used car....expensive also boh pian.... stretch the installment as long as you can.....tong a few years.....when the COE come down then write off this car and buy a better one :)

[Timbuktu]

Possible to convert a COE car to OPC?

You want the $17K rebate issit?

Don't worry, the LTA will not give that to you lah, since it would have depreciated to zero value in the first 10 years of an OPC car's life.

 

Now you buy a >10-yr old COE car and expect yet another $17K rebate to be given to you, if you convert it to OPC?

Nice try!

You think the govt born yesterday issit?

Edited August 2, 2012 by Timbuktu

[Jim]

Hi folks, thanks for the good feedback. Yah, renewing COE for 5 years, seems lighter on upfront cash, but think abt it, it is throwing about 12K per year. Crazy.So I have 2 more options to consider:

a. Move in in Oct 12, for new car Cat A market.

b. Wait till Jan 13 for next COE quota announcement.

Which one better chance of lucky break...

 

Dont ask me for refund if I am wrong, but I suggest you wait till as late as May 2013 because, with luck, next year Europe should break up, China economy collapse, Singapore enter recession, maybe Ebola will spread world wide and with the ending of the US Presidential elections this year, all sorts of crazy things can happen, including US invading Iran.

 

So, if things get sufficiently bad, like a major terrorist hit, then we will be ripe for $101 COE again, like in 2001.

 

If things stay the same, then dont count on higher COE quota. Won't happen... not without something dramatic, like GPS ERP, in which case it will be better to reconsider then, rather then getting stuck with a commitment now and unable to adjust then.

[Camrysfa]

So, if things get sufficiently bad, like a major terrorist hit, then we will be ripe for $101 COE again, like in 2001.

 

not hoping for a miracle......

if can get a B&B in Cat A new market for all-in-price of 80K range already like strike 1st price in 4D. B&B in Cat A meaning Toyos, Hondas, Madzda. MIK still no love lah.

 

I forsee CAT A pure B&B will be hard hit by the Mercedes, BMW or Volvo.

 

 

[Deckbuild]

Possible to convert a COE car to OPC?

 

Possible and without rebate