Jtbc 1st Gear March 3, 2020 Share March 3, 2020 On 2/28/2020 at 9:14 AM, Cheefarn said: Thats becos your Vezel had ready buyers... it will be used for PHV duties For other brands/models that are unlikely to be used by these rental companies, it is scrap plus 2-3k only. so are you saying Vezel has better trade in value ? ↡ Advertisement Link to post Share on other sites More sharing options...
Cheefarn 5th Gear March 3, 2020 Share March 3, 2020 1 hour ago, Jtbc said: so are you saying Vezel has better trade in value ? The so called value is largely, if not solely dependent on how fast your car can be resold in the used car market. Used car dealers are running a biz. They need stocks that they can do fast turn overs Although I wouldn't say the market is now controlled by PHV rental companies, they do make significant impact on how much you can get for your old car. You need to decide if you buy a car that you really like, or do u buy a series of models that suits the PHV crowd on the assumption that it will be resold easier x years down the road. Link to post Share on other sites More sharing options...
Aventa 3rd Gear March 5, 2020 Share March 5, 2020 I'm not a fan of brand new cars because I usually change cars every 3-4 years. If I bought brand new, I'd be the sucker who tank the high initial depreciation and pass on the savings to the next owner I only buy cars that I can afford to pay in full cash - but still take short loan anyway. The remaining money after DP that I didn't use to pay for the car (had I done full cash) can be invested short term with some ROI to offset my loan interest + earn some profits. No right, no wrong. Just my 2 cents. 1 Link to post Share on other sites More sharing options...
Aventa 3rd Gear March 5, 2020 Share March 5, 2020 Nobody can define if this it a good year to buy a car - Only yourself. When COE was at 100k, your business could be thriving and hence it is a good year. When COE was at 30k, you could be on the verge of bankruptcy and hence a bad year. The quantum of the COE doesn't define if it is a good year - Your financial situation defines However, if you are earning a steady income without much concerns, the COE @ 30k +- seems like a good time to enter. 3 1 Link to post Share on other sites More sharing options...
racerbum 1st Gear March 10, 2020 Share March 10, 2020 It's pretty good. If you have a lot of money then buying a car has no season. Link to post Share on other sites More sharing options...
flashbang Turbocharged March 12, 2020 Share March 12, 2020 Look at it from upside and downside. Upside: Your potential savings is 30k if COE drops to 0. Realistically, it's more like 10-20k potential savings cos unlikely to drop to 0. Downside: Your potential loss could be up to 60k, cos highest COE so far is around 90k. Looks like a good time to buy now! Link to post Share on other sites More sharing options...
joshua182 1st Gear March 12, 2020 Share March 12, 2020 many used cars are priced with straight line depre nowadays, or some priced even higher in terms of depre compare to new, because these dealers use their tricks such as overtrade, higher loan, 0% DP and all that low intital quantum stuff to absolutely sucker people in.. in my humble opinion, in the context of a stagflating economy, we do need to fix this because if a credit crunch comes i can just smell the napalm.. Link to post Share on other sites More sharing options...
Vinceng Turbocharged March 12, 2020 Share March 12, 2020 (edited) https://www.asiaone.com/lifestyle/buying-car-singapore-what-every-first-time-wannabe-car-owner-should-know Not very prudent way to buy a car - Spend $15K to buy a 9 yr old used one, in view of using the scrap value to top up to buy another 9 yr old used car. That's an average annual dep of at least $8K, excluding repairs for an aging car with 1 yr left to scrap. Better to buy a brand new budget car like Mitsubishi Attrage, Nissan note, Perodua Bezza/MYVI with an annual dep of $6K. Edited March 12, 2020 by Vinceng 1 Link to post Share on other sites More sharing options...
Toeknee_33 Turbocharged March 14, 2020 Share March 14, 2020 On 3/12/2020 at 11:13 AM, Vinceng said: https://www.asiaone.com/lifestyle/buying-car-singapore-what-every-first-time-wannabe-car-owner-should-know Not very prudent way to buy a car - Spend $15K to buy a 9 yr old used one, in view of using the scrap value to top up to buy another 9 yr old used car. That's an average annual dep of at least $8K, excluding repairs for an aging car with 1 yr left to scrap. Better to buy a brand new budget car like Mitsubishi Attrage, Nissan note, Perodua Bezza/MYVI with an annual dep of $6K. Yes lor, ALL of us should buy a brand new budget car with annual depre of $6K. It's a no brainer. Wonder why the roads aren't full of these cars, hor? 2 Link to post Share on other sites More sharing options...
Aventa 3rd Gear March 14, 2020 Share March 14, 2020 7 minutes ago, Toeknee_33 said: Yes lor, ALL of us should buy a brand new budget car with annual depre of $6K. It's a no brainer. Wonder why the roads aren't full of these cars, hor? Depends what your needs are. If you just need a point A to B car, a 3 cylinder 1 litre noisy engine car made with milo tin metal also can do the work. But I seek for the sheer driving experience & pleasure. 1 Link to post Share on other sites More sharing options...
Jamesc Hypersonic March 14, 2020 Share March 14, 2020 9 minutes ago, Toeknee_33 said: Yes lor, ALL of us should buy a brand new budget car with annual depre of $6K. It's a no brainer. Wonder why the roads aren't full of these cars, hor? He saying we all got no brain? And what car did he buy? Quote Better to buy a brand new budget car like Mitsubishi Attrage, Nissan note, Perodua Bezza/MYVI. 1 1 Link to post Share on other sites More sharing options...
Toeknee_33 Turbocharged March 14, 2020 Share March 14, 2020 1 hour ago, Aventa said: Depends what your needs are. If you just need a point A to B car, a 3 cylinder 1 litre noisy engine car made with milo tin metal also can do the work. But I seek for the sheer driving experience & pleasure. 1 hour ago, Jamesc said: He saying we all got no brain? And what car did he buy? 1 Link to post Share on other sites More sharing options...
Theoldjaffa Hypersonic March 14, 2020 Share March 14, 2020 2 hours ago, Toeknee_33 said: Yes lor, ALL of us should buy a brand new budget car with annual depre of $6K. It's a no brainer. Wonder why the roads aren't full of these cars, hor? I followed his instructions. my car 6k on petrol per year 🤣 4 Link to post Share on other sites More sharing options...
Vinceng Turbocharged March 14, 2020 Share March 14, 2020 3 hours ago, Jamesc said: He saying we all got no brain? And what car did he buy? I recommended the car based on the thread starter's current circumstances. And I bought a 'budget' conti marque - a VW Passat which costs less than half of what a brand new Mercedes E class or BMW 5 series would cost. 😁 2 Link to post Share on other sites More sharing options...
Theoldjaffa Hypersonic March 14, 2020 Share March 14, 2020 1 hour ago, Vinceng said: I recommended the car based on the thread starter's current circumstances. And I bought a 'budget' conti marque - a VW Passat which costs less than half of what a brand new Mercedes E class or BMW 5 series would cost. 😁 Passat is a good car. No way is it budget. I think the boot can fit 3 x 165kg me. Link to post Share on other sites More sharing options...
Lala81 Hypersonic March 14, 2020 Share March 14, 2020 18 minutes ago, Theoldjaffa said: Passat is a good car. No way is it budget. I think the boot can fit 3 x 165kg me. 580L if I'm not wrong. Lol wonder if should consider a management unit... Link to post Share on other sites More sharing options...
Theoldjaffa Hypersonic March 14, 2020 Share March 14, 2020 2 minutes ago, Lala81 said: 580L if I'm not wrong. Lol wonder if should consider a management unit... This and Superb same same one right? Link to post Share on other sites More sharing options...
Apple-Tree 6th Gear March 14, 2020 Share March 14, 2020 The moment of truth. My SE say wor, COE is pegged to STI wor. So STI like bear liao ...... So COE to fall ?? Let see..... ↡ Advertisement 1 Link to post Share on other sites More sharing options...
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