Lala81 Hypersonic June 27, 2019 Share June 27, 2019 (edited) correct but u get new fresh 10 years drive ownership its actually very simple numbers driven, an excel spreedsheet with formulas and one u input the parameters like trade in value, redemption costs, new car installments etc the outcome cashflow analysis will tell u if u lose more or lose lesser... Ha at the risk of stating the obvious and being a full cash preacher, u should have at least paid up your loan before you itchy hand change car bah. Or else it's just unwise personal finance management... Buy car already donate a lot of tax to govt liao. Don't donate so much to finance company also lol. Edited June 27, 2019 by Lala81 ↡ Advertisement 2 Link to post Share on other sites More sharing options...
FaeezRayden Neutral Newbie June 27, 2019 Share June 27, 2019 [First time buyer] .. Do you think it's more worthwhile to buy a new car at prevailing COE than a usedcar with COE around 60K. For PI C-HR. Would love to know your thoughts. Thank you! 1 Link to post Share on other sites More sharing options...
iphone8 4th Gear June 27, 2019 Share June 27, 2019 [First time buyer] .. Do you think it's more worthwhile to buy a new car at prevailing COE than a usedcar with COE around 60K. For PI C-HR. Would love to know your thoughts. Thank you! If you are first time buyer, I suggest you to buy from AD. Lesser hassle. 1 Link to post Share on other sites More sharing options...
Lala81 Hypersonic June 27, 2019 Share June 27, 2019 [First time buyer] .. Do you think it's more worthwhile to buy a new car at prevailing COE than a usedcar with COE around 60K. For PI C-HR. Would love to know your thoughts. Thank you! Unless u are planning to drive for only 2 years and sell off for some specific reason, i would recommend buying new. Especially since the used market, u have to decide on what is fair value for the car. And your lack of experience may either make u overpay or get a lemon car. Link to post Share on other sites More sharing options...
RogerNg_185295 6th Gear June 27, 2019 Share June 27, 2019 correct but u get new fresh 10 years drive ownership its actually very simple numbers driven, an excel spreedsheet with formulas and one u input the parameters like trade in value, redemption costs, new car installments etc the outcome cashflow analysis will tell u if u lose more or lose lesser... Can you provide a spreadsheet for the benefit of all? Link to post Share on other sites More sharing options...
Kodiaqer 4th Gear June 27, 2019 Share June 27, 2019 Can you provide a spreadsheet for the benefit of all? sure, but only to genuine close mcf friends upon request:) Link to post Share on other sites More sharing options...
Wolverine23 1st Gear June 27, 2019 Author Share June 27, 2019 sure, but only to genuine close mcf friends upon request:)Can I have it? Thanks!!! 1 Link to post Share on other sites More sharing options...
andrewyewkc 5th Gear June 27, 2019 Share June 27, 2019 [First time buyer] .. Do you think it's more worthwhile to buy a new car at prevailing COE than a usedcar with COE around 60K. For PI C-HR. Would love to know your thoughts. Thank you! Buy new since COE is lower now. Used car more issues. 2 Link to post Share on other sites More sharing options...
Kyrios Turbocharged June 27, 2019 Share June 27, 2019 Nowadays no need to go Quotz or Motorist sg...your used car will always fetch around 2K plus whatever your paper value is... sad fact but true.. and then the used car dealer who bought ur car will bump up the sale price by another 20K on sgcarmart...advise fellow bros dun let them take advantage of you (eg low COE price lah, bad market lah) if you intend to sell… unscrupulous used car dealers!! Link to post Share on other sites More sharing options...
Kodiaqer 4th Gear June 28, 2019 Share June 28, 2019 Nowadays no need to go Quotz or Motorist sg...your used car will always fetch around 2K plus whatever your paper value is... sad fact but true.. and then the used car dealer who bought ur car will bump up the sale price by another 20K on sgcarmart...advise fellow bros dun let them take advantage of you (eg low COE price lah, bad market lah) if you intend to sell… unscrupulous used car dealers!! quotz is ok, 100bucks to see the demand pricing bidded by used car dealers, not happy don have to sell even... 1 Link to post Share on other sites More sharing options...
Mann123 4th Gear June 28, 2019 Share June 28, 2019 (edited) Nowadays no need to go Quotz or Motorist sg...your used car will always fetch around 2K plus whatever your paper value is... sad fact but true.. and then the used car dealer who bought ur car will bump up the sale price by another 20K on sgcarmart...advise fellow bros dun let them take advantage of you (eg low COE price lah, bad market lah) if you intend to sell… unscrupulous used car dealers!! 2k not true bro . Pls see their recent transactions available online. If coe drop further ~10K then b&b car can get paper value max. recent example (26-June) : https://www.quotz.com.sg/biddingdetails?AID=26069 *paper value $42881 and highest bid 62,400. Final deal should be more than $61,500 If 2k more than paper then better to trade in to AD to get used car bonus haha Edited June 28, 2019 by Mann123 1 Link to post Share on other sites More sharing options...
RogerNg_185295 6th Gear June 28, 2019 Share June 28, 2019 Oh....you his close friend? Can I have it? Thanks!!! Link to post Share on other sites More sharing options...
Wolverine23 1st Gear June 28, 2019 Author Share June 28, 2019 Oh....you his close friend?No... Link to post Share on other sites More sharing options...
Wolverine23 1st Gear July 2, 2019 Author Share July 2, 2019 Hearsay this round many buyers...coe should strengthen Link to post Share on other sites More sharing options...
ntuc2018 3rd Gear July 3, 2019 Share July 3, 2019 Buy new car always bo hua. Cos the interest u have factor in liao. Say u loan 7 years, u sell at 5 years also means u the 2 years interest u paid liao. And usually u buy new car, need to loan even u rich. U say dun loan, they will jack up car price. So end up same. 1 Link to post Share on other sites More sharing options...
Hamburger Hypersonic July 3, 2019 Share July 3, 2019 Please note mcfers all pay cash one. Link to post Share on other sites More sharing options...
Harthen 2nd Gear July 21, 2019 Share July 21, 2019 Buy new car always bo hua. Cos the interest u have factor in liao. Say u loan 7 years, u sell at 5 years also means u the 2 years interest u paid liao. And usually u buy new car, need to loan even u rich. U say dun loan, they will jack up car price. So end up same.Yeah agree.. 1 Link to post Share on other sites More sharing options...
Hachi 3rd Gear July 21, 2019 Share July 21, 2019 Buy new car always bo hua. Cos the interest u have factor in liao. Say u loan 7 years, u sell at 5 years also means u the 2 years interest u paid liao. And usually u buy new car, need to loan even u rich. U say dun loan, they will jack up car price. So end up same. Car loan usually is a non reducing loan, and each new car AD sold fetch more than 10k profit.These are money that not factored in and cannot take back.... Depre, interests and AD's profit.... ↡ Advertisement 1 Link to post Share on other sites More sharing options...
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