Wryan Neutral Newbie July 23, 2019 Share July 23, 2019 Hi all! I cant post a new topic yet but I am actually looking to get a used car. My idea is that I wanna get from point a to b. I'm not sure if i should get a 5 year old car, renewed COE car or even,just save up some more and get a brand new one since COE prices will be dropping (correct me if I'm wrong please). Cause generally whenever recession hits, COE prices will drop right (??) ↡ Advertisement Link to post Share on other sites More sharing options...
alfakidz85 3rd Gear July 24, 2019 Share July 24, 2019 (edited) Hi all! I cant post a new topic yet but I am actually looking to get a used car. My idea is that I wanna get from point a to b. I'm not sure if i should get a 5 year old car, renewed COE car or even,just save up some more and get a brand new one since COE prices will be dropping (correct me if I'm wrong please). Cause generally whenever recession hits, COE prices will drop right (??) whats ur driving experience? if u just got ur license getting a COE car would make a practical first time car. no heartaches for all the potential bumps & kisses u inevitably will get Edited July 24, 2019 by alfakidz85 2 Link to post Share on other sites More sharing options...
Wryan Neutral Newbie July 24, 2019 Author Share July 24, 2019 whats ur driving experience? if u just got ur license getting a COE car would make a practical first time car. no heartaches for all the potential bumps & kisses u inevitably will getI've gotten my license for over a year. Been driving regularly. So far I'll say, (touch wood) I've not kissed or bumped anything. What I'm afraid is that COE car maintenance would just eat into whatever that I could have "potentially" saved from buying a cheap car... Link to post Share on other sites More sharing options...
Terence2112 2nd Gear July 24, 2019 Share July 24, 2019 I think the coe for Cat A cars will increase in the next few biddings, due to the reduction in quota. Link to post Share on other sites More sharing options...
Soya Supersonic July 24, 2019 Share July 24, 2019 I've gotten my license for over a year. Been driving regularly. So far I'll say, (touch wood) I've not kissed or bumped anything. What I'm afraid is that COE car maintenance would just eat into whatever that I could have "potentially" saved from buying a cheap car...If ur main objective is a comfy, reliable A to B car, forget abt COE cars and just buy a basic new Avante w 6k+ depre w a 5-yr warranty. Does the job perfectly and life is good 3 Link to post Share on other sites More sharing options...
Watwheels Supersonic July 24, 2019 Share July 24, 2019 5yo cars are out cos 5 years ago coe is very high. Renewed coe car preferably recently renew at around 30 odd K. More troublesome since have to do car inspection annually, not foc also. Existing car issues etc. But it's cheaper than a brand new car. New car is depending on your budget. Worry free with free servicing and stuff. Down side is you are paying a lot more. Other than setting a budget look at your priorities. On average how much mileage do you achieve? Ask yourself is a car really a necessity or luxury. Family priorities if any. Barang barang. I see some ppl's car is like a dump truck. All kinds of rubbish in the car. Try to stick to your budget and priorities and not get distracted with things that dont matter so much. Link to post Share on other sites More sharing options...
randomuserss 1st Gear July 24, 2019 Share July 24, 2019 Hi,Just went through this thought/did some calculations of my own, so maybe I can help out here. The main consideration for me at that time was that between a renew COE car (i.e the Avante, or the Honda Fit/Jazz), was that even though the annual depreciation for the COE car was lower, I think that eventually when you factor in F/C differences, servicing costs, the unreliability of an old car, I think that purchasing a new one might make more sense financially.At the time that I checked, a renewed for 5 years Fit was $30k~, and a new Honda Fit was ~$66k for a new 10 year COE. Of course have to factor in things like your interest etc, but for me paying slightly more for the piece of mind was definitely worth it. Just my two cents, hope this helps, and I actually do have a more detailed calculation done up if you want it Link to post Share on other sites More sharing options...
Jamesc Hypersonic July 24, 2019 Share July 24, 2019 Buy new Link to post Share on other sites More sharing options...
Wryan Neutral Newbie July 24, 2019 Author Share July 24, 2019 Gosh, didn't expect so much help so quickly. Appreciate all of your input. I went to turf club to take a look. I was quite smitten by golf and even sicorro. Are those like a horrible choices? Brand new avante does sound like a good idea! Link to post Share on other sites More sharing options...
Macrosszero Turbocharged July 24, 2019 Share July 24, 2019 Used VW - chances of having gearbox issues are higher than with other cars. I would suggest you not be tempted. Do you have 15k to set aside every year for car and expenses? If yes, go to question 2. Do you have 30-40k cash? If yes, buy a new car. If not, buy a used car that fulfils the budget figure mentioned above. 2 Link to post Share on other sites More sharing options...
Jamesc Hypersonic July 24, 2019 Share July 24, 2019 Fast driver buy fast car. Slow driver buy slow car. Old driver buy old car. New driver buy new car. Old man buy old man car. Young man buy young man car. Link to post Share on other sites More sharing options...
Soya Supersonic July 24, 2019 Share July 24, 2019 Gosh, didn't expect so much help so quickly. Appreciate all of your input. I went to turf club to take a look. I was quite smitten by golf and even sicorro. Are those like a horrible choices? Brand new avante does sound like a good idea! Unless those VWs u saw are Golf GTi, Golf R or Scirocco R, I wouldn't bother... Link to post Share on other sites More sharing options...
Blueray Hypersonic July 24, 2019 Share July 24, 2019 (edited) Gosh, didn't expect so much help so quickly. Appreciate all of your input. I went to turf club to take a look. I was quite smitten by golf and even sicorro. Are those like a horrible choices? Brand new avante does sound like a good idea! first time car buyer, please stick to Japanese models, eg Toyota, Honda, Nissan. insurance for such models should be cheaper too as you build up your NCD over the years. depending on your budget and usage, both 5yo and COE renewed also works, but get the car inspected by AA first before the purchase. its a major decision, don't rush. Edited July 24, 2019 by Blueray 1 Link to post Share on other sites More sharing options...
Jon_cclau 3rd Gear July 24, 2019 Share July 24, 2019 To buy new or old car and which brand depend on your budget. Once you know your budget, then you can narrow down your choices. 1 Link to post Share on other sites More sharing options...
andrewyewkc 5th Gear July 24, 2019 Share July 24, 2019 If ur main objective is a comfy, reliable A to B car, forget abt COE cars and just buy a basic new Avante w 6k+ depre w a 5-yr warranty. Does the job perfectly and life is good Good advice! Have to be quick as Cat A COE will probably go up in the short term although the economy might tank. Link to post Share on other sites More sharing options...
Mzrmazda3 6th Gear July 24, 2019 Share July 24, 2019 Hi all! I cant post a new topic yet but I am actually looking to get a used car. My idea is that I wanna get from point a to b. I'm not sure if i should get a 5 year old car, renewed COE car or even,just save up some more and get a brand new one since COE prices will be dropping (correct me if I'm wrong please). Cause generally whenever recession hits, COE prices will drop right (??) 1) Need to know your budget ... how much you wanna pay for down payment, how much you intend to pay for your monthly instalment 2) Looking to buy a 2 door or 4 door ride It would be much easier to work on from there where you slowly narrow down the choices .... Link to post Share on other sites More sharing options...
Vinceng Turbocharged July 24, 2019 Share July 24, 2019 (edited) Buy a used car to drive for 5 yrs at <$5K annual dep. Even with 0% NCD, the 3rd party fire and theft insurance will not be costly. Build up your driving skills , then get a better car Perodua MYVI https://www.sgcarmart.com/used_cars/info.php?ID=835127&DL=1354 Kia Picanto https://www.sgcarmart.com/used_cars/info.php?ID=837868&DL=3580 Edited July 24, 2019 by Vinceng Link to post Share on other sites More sharing options...
13177 Supersonic July 24, 2019 Share July 24, 2019 Good advice! Have to be quick as Cat A COE will probably go up in the short term although the economy might tank. Guess Cat A might go up for the few rounds of bidding, then it might come down again. ↡ Advertisement Link to post Share on other sites More sharing options...
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