To renew COE for RX350

[RogerNg_185295]

4 minutes ago, Jamesc said:

Please ignore the other idiot here. 

Who? The mother in law?

[Lms822]

9 minutes ago, Ka_kia said:

Partially correct ba bro. 80% of the dealers taking in at coe value but exceptions when u do trade in with them and get car from them.

I tried to use the carquotes in the motorist app and got about 1k more than my coe rebate value of my 5 yr coe renewed car. LOL

Then again to renew coe or not and lose about 30K for the car, I think cannot la. First its 30k which is downpayment for newer cars with less mileage and likely less wear and tear.

Also newer cars has more modern day niceties which old cars no get to enjoy. (Led light/sunroof/keyless entry/push to start etc)

Rx350 has keyless entry and push start, just does not has a HU 😄

Edited December 18, 2019 by Lms822

[Ct3833]

21 hours ago, Cheefarn said:

My advice is.... pls renew your RX350 for another 10 yrs. Its the clear choice

Yes 3.5L V6 road tax can be TMD ex on the 15th year... but pls rem, road tax is paid once a year...  If you buy a new car now, you need to spend >$150k to have something thats similar to your RX350... and if you continue the SUV route, only Kia Sorento SX diesel, Hyundai Santa Fe diesel (same car la), and Mazda CX 9 that can be considered of the same grade as your RX350. And all these choices costs over $150k with the CX9 coming in at an insane $200k. 

The $$ you spend per month for the next 10 yrs will be alot HIGHER than your renewed RX350... U need to decide if all these extra cost is worth it just to exchange for a new car smell. And road tax for a 2.2L diesel comes in at $2200 per year also. Not exactly 'cheap' Rewards is huge amt of torque and excellent fuel economy. 

And pls don't kid yourself. You will have a hard time adj yourself to a 90-110k B n B 1.6L  sedan after driving a 3.5L V6 SUV for the last 10 yrs. And Toyota's 3.5L V6 was one of the smoothest and most powerful NA V6 on the market... and still is. The huge power deficit from the simple NA 1.6L sedan will have u cursing and swearing every time u try to overtake or climb steep slopes. 

And even at $90k, your monthly expenses to run that brand new 1.6L sedan will be higher than keeping your existing RX350. 

I wont disagree on the power and comfort of the RX but   the expense of a new 1.6 wont be higher than RX 350. Road tax of a 1.6L is about $750 but road tax of a RX 350 will be $3100 to eventually $4600 after the 4th year of COE renewal, the diff will be $3,850 per year between RX and a 1.6Ljust on road tax alone.  A COE car will surely require some repair but a new 1.6L would  be warranty  for at least 3 to 5 years,   I dont think the expense of  a new 1.6L would be more expensive than a COE RX. Not debating the rest of your points mentioned nor discouraging TS from renewing COE. I myself am driving COE cars too. 

[Lms822]

4 minutes ago, Ct3833 said:

I wont disagree on the power and comfort of the RX but   the expense of a new 1.6 wont be higher than RX 350. Road tax of a 1.6L is about $750 but road tax of a RX 350 will be $3100 to eventually $4600 after the 4th year of COE renewal, the diff will be $3,850 per year between RX and a 1.6Ljust on road tax alone.  A COE car will surely require some repair but a new 1.6L would  be warranty  for at least 3 to 5 years,   I dont think the expense of  a new 1.6L would be more expensive than a COE RX. Not debating the rest of your points mentioned nor discouraging TS from renewing COE. I myself am driving COE cars too. 

fair comments

[RogerNg_185295]

Just now, Lms822 said:

fair comments

Go renew. Waiting for what?

[Lms822]

11 minutes ago, RogerNg_185295 said:

Go renew. Waiting for what?

used car dealer offers 32k for trade in, tough tough...

[Mkl22]

26 minutes ago, Lms822 said:

used car dealer offers 32k for trade in, tough tough...

cat B PQP is now approx $40k so it will be $72k for rx350. depre 7.2k vs 8.4k for a new cerato.

running cost based on annual 20k km ($2 petrol after some basic discounts) will be $5.7k for rx350(7km/l) and $2.5k cerato(12km/l). roadtax is $4.34k (annualized for the next 10years) vs $0.738k

 let me add a modest extra $1k of annual maintenance for the rx350(given that its a 10yr old) over what you would pay for the cerato.

thus overall cost for rx350 is $18.24k and $11.64 for the cerato.

 

this is how i calculate the rough cost for owning a car. you might save some if you travel less but you cant run away from depre and roadtax which are fixed cost. parking, erp and similar associated cost are not part of the calculation as you pay these regardless of the car. Maintenance is too difficult to factor, thus i just add a optimistic $1k of additional cost for the older rx350

Edited December 18, 2019 by Mkl22

[Lms822]

5 minutes ago, Mkl22 said:

cat B PQP is now approx $40k so it will be $72k for rx350. depre 7.2k vs 8.4k for a new cerato.

running cost based on annual 20k km ($2 petrol after some basic discounts) will be $5.7k for rx350(7km/l) and $2.5k cerato(12km/l). roadtax is $4.34k (annualized for the next 10years) vs $0.738k

 let me add a modest extra $1k of annual maintenance for the rx350(given that its a 10yr old) over what you would pay for the cerato.

thus overall cost for rx350 is $18.24k and $11.64 for the cerato.

 

this is how i calculate the rough cost for owning a car. you might save some if you travel less but you cant run away from depre and roadtax which are fixed cost. parking, erp and similar associated cost are not part of the calculation as you pay these regardless of the car. Maintenance is too difficult to factor, thus i just add a optimistic $1k of additional cost for the older rx350

comparing calculation excluding maintenance costs

[RogerNg_185295]

39 minutes ago, Lms822 said:

used car dealer offers 32k for trade in, tough tough...

Or you wanna try selling the car yourself?

[Lms822]

1 minute ago, RogerNg_185295 said:

Or you wanna try selling the car yourself?

if scrap, will get an exporter to help

[Mkl22]

13 minutes ago, Lms822 said:

comparing calculation excluding maintenance costs

you need to add fuel cost. cause you cant run away from the consumtpion

[Roh96]

Can afford to own both RX350 and Alphard still need to count until dollar and cents? Hmm...

[Lms822]

2 minutes ago, Roh96 said:

Can afford to own both RX350 and Alphard still need to count until dollar and cents? Hmm...

my profession 😎

[Lms822]

5 minutes ago, Mkl22 said:

you need to add fuel cost. cause you cant run away from the consumption

50% more for RX350

[Ct3833]

51 minutes ago, Lms822 said:

fair comments

@Lms822, a few points:

1. You are comparing a new 1.6L against a RX 350, price wise both seem close but the drive comfort and power is completely differetnt between the two. There is no comparison.

2. The challenge is the road tax of the 3500cc car,  you need to be able to get over it.

3. The PARF write off will be $30k. So once a decision is made, you need to keep the car for 5 years and above. 

4. As mentioned  before, consumption is a consultant, you have been paying for the consumption now, so there should be no feeling.  It is not going to be a lot higher than a 1.6L car anyway unless you drive a lot which I do not think so. 

In summary,  you should expect to pay slightly more for a COE RX vs a new 1.6L but you lose the drive and comfort.  In terms of money, once you decide just drive for 5 years, you wont lose a lot compare with switching to a new 1.6L now.  If you decide to switch after 5 years , the amount of money you have to write of is not  huge and not something  that you cannot stomach, so between 1.6L and RX,  decide base on what you prefer, take the money equation out, that should help you decide easier.

Let me now share with you my way of comparison. I renew both my elE200 and Altis, my maths is simple, new E class $240k, new altis $90k, all in $330k upfront, vs I renew COE, all in about $100k,  my decision was very clear then. My scenario is simple because mine are  low CC cars.

 

 

[Lms822]

1 minute ago, Ct3833 said:

@Lms822, a few points:

1. You are comparing a new 1.6L against a RX 350, price wise both seem close but the drive comfort and power is completely differetnt between the two. There is no comparison.

2. The challenge is the road tax of the 3500cc car,  you need to be able to get over it.

3. The PARF write off will be $30k. So once a decision is made, you need to keep the car for 5 years and above. 

4. As mentioned  before, consumption is a consultant, you have been paying for the consumption now, so there should be no feeling.  It is not going to be a lot higher than a 1.6L car anyway unless you drive a lot which I do not think so. 

In summary,  you should expect to pay slightly more for a COE RX vs a new 1.6L but you lose the drive and comfort.  In terms of money, once you decide just drive for 5 years, you wont lose a lot compare with switching to a new 1.6L now.  If you decide to switch after 5 years , the amount of money you have to write of is not  huge and not something  that you cannot stomach, so between 1.6L and RX,  decide base on what you prefer, take the money equation out, that should help you decide easier.

Let me now share with you my way of comparison. I renew both my elE200 and Altis, my maths is simple, new E class $240k, new altis $90k, all in $330k upfront, vs I renew COE, all in about $100k,  my decision was very clear then. My scenario is simple because mine are  low CC cars.

 

 

yes, road tax of 4.3k is really killer, can get another used small car for the money!

[Mkl22]

15 minutes ago, Ct3833 said:

@Lms822, a few points:

1. You are comparing a new 1.6L against a RX 350, price wise both seem close but the drive comfort and power is completely differetnt between the two. There is no comparison.

2. The challenge is the road tax of the 3500cc car,  you need to be able to get over it.

3. The PARF write off will be $30k. So once a decision is made, you need to keep the car for 5 years and above. 

4. As mentioned  before, consumption is a consultant, you have been paying for the consumption now, so there should be no feeling.  It is not going to be a lot higher than a 1.6L car anyway unless you drive a lot which I do not think so. 

In summary,  you should expect to pay slightly more for a COE RX vs a new 1.6L but you lose the drive and comfort.  In terms of money, once you decide just drive for 5 years, you wont lose a lot compare with switching to a new 1.6L now.  If you decide to switch after 5 years , the amount of money you have to write of is not  huge and not something  that you cannot stomach, so between 1.6L and RX,  decide base on what you prefer, take the money equation out, that should help you decide easier.

Let me now share with you my way of comparison. I renew both my elE200 and Altis, my maths is simple, new E class $240k, new altis $90k, all in $330k upfront, vs I renew COE, all in about $100k,  my decision was very clear then. My scenario is simple because mine are  low CC cars.

 

 

the fact that he wants to go thru this exercise is to save $$. not a huge savings, but if he is an accountant then it matters! cause his brain will forever be in that mode to make sure he gets the best bang for buck. the rx350 isnt anything special to make him hold on to it other than it being relatively cheap to renew in that sense. i would gather that there is no love for the car, thus why not save $$ in getting a new 1.6 which, he similarly might have no love, but yet save some $$ in the end.

this is my take on the whole situation.

 

i just moved from $4k rdtax and 6km/l, to $800 roadtax and 12km/l. i have a more fun drive and yet save $$.

Edited December 18, 2019 by Mkl22

[Cheefarn]

9 minutes ago, Lms822 said:

yes, road tax of 4.3k is really killer, can get another used small car for the money!

One qns... why did u buy it 10 yrs ago anyway? The engine was and still is great no doubt, but RX body  is not fuel efficient. 

You could have gotten the GS350 with considerably better fuel economy... 

Well we all contribute to MIW... I mean nation building... it just what kind of figures you are looking at thats all.