Ready for high COE?

[Ben5266]

Haiz.... if everybody renew their COE....

Then the tsunami will not come next year but 6 years later...

 

[Lala81]

This is very true...

Many ppl tend to use the depre figure for new car for 10 years..

Of cos this figure will be much lower..

However, they didn't take into the consideration that the car may be sold for whatever reason way before the 10 years.

When one sell the car before scrap, the depre figure actually went up due to all the losses and commission/margin to be given to the 2nd hand dealer..

 

It's just a comparison. And i think it's the most objective one.

 

Among my friends, only 2 of us calculate the depre/year when we look at any car, new or used.

Honestly, most pple don't use depre/year in calculating car price. They see, they like, they think price is fair, they buy.

[Chowyunfatt]

 

manuals are much easier to maintain..

Of coz you are right ... But Singapore's bumper to bumper traffic daily makes Auto a more comfortable drive ... But I also like Manual GB.

[Lala81]

You meant this one?

 

http://www.sgcarmart.com/used_cars/info.php?ID=431234&DL=1000

 

Drive for 3 1/2 mths till scrap on 1 Feb 2015, depreciate $3,500.

 

This translates to an annual depreciation of $12,000.

 

Rather get a used Camry which depreciates only $10,000 annually.

 

http://www.sgcarmart.com/used_cars/info.php?ID=430576&DL=1281

 

why get this model of camry. The prev gen camry 4 yr+ old can be found at high 12k/depre/year.

[Forte3737]

Haiz.... if everybody renew their COE....

Then the tsunami will not come next year but 6 years later...

 

Cannot be everybody lar..

 

Not all of them can afford the cash for renewal

[Voodooman]

 

 

It's just a comparison. And i think it's the most objective one.

 

Among my friends, only 2 of us calculate the depre/year when we look at any car, new or used.

Honestly, most pple don't use depre/year in calculating car price. They see, they like, they think price is fair, they buy.

Most people calculate based on cash outflow every month, can afford, buy, cannot, bobian. It doesn't matter the amount of leverage taken and the loan period and overall cost over the entire ownership period, hence, used cars are popular now as cash flow for a new car with 5 years loan is tough for most these days. But if you calculate based on depreciation, new car is more value for money.

[Lala81]

Most people calculate based on cash outflow every month, can afford, buy, cannot, bobian. It doesn't matter the amount of leverage taken and the loan period and overall cost over the entire ownership period, hence, used cars are popular now as cash flow for a new car with 5 years loan is tough for most these days. But if you calculate based on depreciation, new car is more value for money.

 

yes. a point i was discussing with my friends. But if u think something is going to change in next few years eg. family composition and family need, then go 2nd hand.

 

My friends are all generally conservative with money and not high spenders. But haha still not many will look at absolute depreciation/year as the guideline.

Edited October 18, 2014 by Lala81

[car138]

Haiz.... if everybody renew their COE....

Then the tsunami will not come next year but 6 years later...

 

If too many people renew COE, then there will be a lot old cars. More old cars, more pollutions. Then policy may change to incentivize one to change new cars. Or tax the old car owner more to discourage to own such cars.

[Quantum]

Of coz you are right ... But Singapore's bumper to bumper traffic daily makes Auto a more comfortable drive ... But I also like Manual GB.

Manual GB lifespan is subject to driver's experience and how understanding the mechanism, i found some drivers, especially females, half clutch change gear, can hear gear crashing,

[Mrmilktooth]

If too many people renew COE, then there will be a lot old cars. More old cars, more pollutions. Then policy may change to incentivize one to change new cars. Or tax the old car owner more to discourage to own such cars.

 

already have if you are not aware.. 110% - 150% road tax from year 11 onwards. max cap at year 15.

 

and inspection every year where they seem to be molesting the car only.. lol

Car ownership cost is not only depreciation. It is certainly not just monthly instalments either.

No real comparison can be made on a dollar basis between two cars with different coe life unless you interpolate and include time value of money.

 

So bottomline is that, car is an expense. You buy what you can write off. Those who borrow to write off, i can only say "duh".

Those who insist if they borrow, they can make better use of the money, i say, perhaps but its a different risk taken.

Those who say they cant buy a car unless they borrow, i advise you not to buy a car, period.

 

At the end of the day, there are cars at $20k, $30k, $50k etc.... Most of the time Singapore lang buy a car to feed their own ego, so no need to lie about that.

 

If at the end of the day, i am wrong, please pardon me.

So whats your story?

 

Is that contributing to the official statistic that 70% of Porsches ever built are still on the road today?

 

very good point made...

 

i can only afford cheap jap car.. no luck for porsche in singapore.. haha

[Quantum]

Fortunately roads conditions are not bad here. Wear n tear is slower than some other countries.

 

Replacement of shocks, bearings, clutch, pads, rotors etc are part n parcel of owning older cars as these items are considered consumables to me. Different mindset from others who change their cars every 3, 4 to avoid such inevitable replacement costs. I have used a gearbox for 23 years and it's still going strong, an old school manual box.

 

Agreed with you that if the owner needs to use his car uninterrupted, workshop time is no no. Fortunately for me a day or two without the use of my car seems to work fine with me. Different circumstances. My time is inexpensive also. :-)

for COE cars, mechanically it's not problem as long as replaced wear and tear parts,

only concern of 10 years ago car, its safety feature, electronic accessories etc, should be much outdated,

such as number of airbags, traction control, touch screen, keyless, etc,

[Mrmilktooth]

Of coz you are right ... But Singapore's bumper to bumper traffic daily makes Auto a more comfortable drive ... But I also like Manual GB.

 

my dad was a firm believer of manual cars.. so i grew up driving his at first.. now owning 1 .. i still like e control over the machine.. drag to 4K+ or normal change gear all at my FC expense...

 

 

although i complain about the traffic situation during peak hours... nothing beats the "feel" of changing gears in motion..

 

 

anyway its just me..

[Yuan]

 

my dad was a firm believer of manual cars.. so i grew up driving his at first.. now owning 1 .. i still like e control over the machine.. drag to 4K+ or normal change gear all at my FC expense...

 

 

although i complain about the traffic situation during peak hours... nothing beats the "feel" of changing gears in motion..

 

 

anyway its just me..

 

Not just you. I am sure there are others who will share the same sentiments as you. I am one of them.

 

I like manual transmission cars but it is getting hard to find new cars these days equipped with one.

 

I felt more in control with a MT car as compared to an AT version.

 

Plus, the manual transmission has been proven over time and reliable so long as care and servicing is accorded to them and the car at the stipulated intervals.

COEed cars are ok to own if you choose the right one :-)

 

Uncle, where to find COEed cars these days?

 

They are probably getting lesser and lesser.

[Super7]

 

Not just you. I am sure there are others who will share the same sentiments as you. I am one of them.

 

I like manual transmission cars but it is getting hard to find new cars these days equipped with one.

 

I felt more in control with a MT car as compared to an AT version.

 

Plus, the manual transmission has been proven over time and reliable so long as care and servicing is accorded to them and the car at the stipulated intervals.

 

 

Uncle, where to find COEed cars these days?

 

They are probably getting lesser and lesser.

COE cars is a dying breed :-(

[Chowyunfatt]

Manual GB lifespan is subject to driver's experience and how understanding the mechanism, i found some drivers, especially females, half clutch change gear, can hear gear crashing,

These days hard to find women driving manual GB ... But in the past yes, I agree with you ...

[Throttle2]

Create your own COE car.

Renew 10yrs!

Woohoo!

[Super7]

for COE cars, mechanically it's not problem as long as replaced wear and tear parts,

only concern of 10 years ago car, its safety feature, electronic accessories etc, should be much outdated,

such as number of airbags, traction control, touch screen, keyless, etc,

I use the COE car to do points A to B drives and hardly use the fastlane coz I know it doesn't have modern safety features let alone ABS, or Traction Control and whatnots. This of course doesn't mean it's as safe as a modern car, but for low cost motoring it gives me, I just drive as safe as I could and give lots of margin for errors.

[Super7]

These days hard to find women driving manual GB ... But in the past yes, I agree with you ...

My HK aunties say having to 踩clutch to work the manual gears is real hard work for lady drivers, 踩到下面出水！！！