Jamesc Hypersonic February 22, 2022 Share February 22, 2022 I also have MB key. I drive a Vito. ↡ Advertisement 1 Link to post Share on other sites More sharing options...
Jamesc Hypersonic February 22, 2022 Share February 22, 2022 My grandfather also got MB key. He drove this 1 Link to post Share on other sites More sharing options...
Watwheels Supersonic February 22, 2022 Share February 22, 2022 On 12/24/2021 at 10:44 AM, Throttle2 said: Then the law is useless? Or the people who drafted the law didnt think hard enough? i am puzzled What law useless? I didnt say that. It is just that the law isnt perfect. There are loopholes to exploit. That is what lawyers do too. Find loopholes in the law to their advantage. Are they so called lawless as well? Maybe so. I dunno. Puzzle not. The law isnt perfect and cant be perfect the way ppl wants it. Link to post Share on other sites More sharing options...
yishunite Turbocharged February 22, 2022 Share February 22, 2022 44 minutes ago, Jamesc said: My grandfather also got MB key. He drove this I had many mb keys when I was just 18! 1 2 Link to post Share on other sites More sharing options...
yellowshaun 4th Gear February 22, 2022 Share February 22, 2022 7 hours ago, Volvobrick said: This is turning out to be a lesson on English.... They say birds of a feather flock together... I should start reflecting on my life since I am spending time in the same forum as GLB guy, eclipse guy and now this guy :X Link to post Share on other sites More sharing options...
yellowshaun 4th Gear February 22, 2022 Share February 22, 2022 7 hours ago, Watwheels said: What law useless? I didnt say that. It is just that the law isnt perfect. There are loopholes to exploit. That is what lawyers do too. Find loopholes in the law to their advantage. Are they so called lawless as well? Maybe so. I dunno. Puzzle not. The law isnt perfect and cant be perfect the way ppl wants it. On the topic of lawless lawyer, I actually highly recommend this kdrama! https://mydramalist.com/27441-lawless-attorney Link to post Share on other sites More sharing options...
SLing 1st Gear July 2, 2022 Share July 2, 2022 (edited) I have a 5 year old Cat A car. I can sell / trade in the car $33K above paper value as shown on the LTA website (scrap value + remaining COE). But I need a car and will be paying for a car with high COE now (Cat A = $74+K). If I wait 3 more years until my car is 8 years old, will a car dealer only pay me paper value + $1K or $2K? Would it make sense for me to "sell high, but high" just because I can get a good trade-in value now? I got tempted and enquired at one of these promotions & that's how the offer was made to me Edited July 2, 2022 by SLing 2 Link to post Share on other sites More sharing options...
Mooose 6th Gear July 4, 2022 Share July 4, 2022 On 7/3/2022 at 3:20 AM, SLing said: I have a 5 year old Cat A car. I can sell / trade in the car $33K above paper value as shown on the LTA website (scrap value + remaining COE). But I need a car and will be paying for a car with high COE now (Cat A = $74+K). If I wait 3 more years until my car is 8 years old, will a car dealer only pay me paper value + $1K or $2K? Would it make sense for me to "sell high, but high" just because I can get a good trade-in value now? I got tempted and enquired at one of these promotions & that's how the offer was made to me i doubt if it would make sense money-wise .. let us see the absolute numbers? your car value now, if you use until 10 years what would it cost you per year? vs buy new now and use next 10 years .. doubt if it will be cheaper buying new vs keeping your 5 year old car .. you cannot benefit from high car prices now because you need a car .. you may benefit only if you sell and not buy .. 8 Link to post Share on other sites More sharing options...
Hamburger Hypersonic July 4, 2022 Share July 4, 2022 It's almost certain man could not think straight when it comes to car. Hence cooling down period is imperative when decision making comes to play when switching car. 7 Link to post Share on other sites More sharing options...
Vratenza Supersonic July 4, 2022 Share July 4, 2022 On 7/3/2022 at 3:20 AM, SLing said: I have a 5 year old Cat A car. I can sell / trade in the car $33K above paper value as shown on the LTA website (scrap value + remaining COE). But I need a car and will be paying for a car with high COE now (Cat A = $74+K). If I wait 3 more years until my car is 8 years old, will a car dealer only pay me paper value + $1K or $2K? Would it make sense for me to "sell high, but high" just because I can get a good trade-in value now? I got tempted and enquired at one of these promotions & that's how the offer was made to me Simple answer is NO. first you have to verify if the $33K above paper value is indeed true (sound too good to be true figure) because car dealers will quote you anything to make you trade in your car or to start the selling process. With high COE, your annual depreciation is going to be going through the roof. End of the day, just have to be cognizant of the fact that this change in car now is definitely a want than a need. 5 Link to post Share on other sites More sharing options...
Jamesc Hypersonic July 4, 2022 Share July 4, 2022 All car bought these days are all High COE cars. 1 Link to post Share on other sites More sharing options...
SLing 1st Gear July 4, 2022 Share July 4, 2022 (edited) The question is whether it is better to sell high & buy high or sell low & buy low. The purpose of getting new car is to save on servicing and petrol / fc, warranty. My friends advised me that it is better not to buy high no matter what because the depreciation is higher. But selling the old car at a high price also saves money because the trade-in value is higher. The scrap values below = paper value Old Car Price 2018 : 71000 Scrap Value before 8th year : -16451 New Car Price 2025 : 110000 (likely average Cat A price in 2025?) Top Up in 2025 (after trade-in) :93500 Scrap Value New Car 2033 :-13410 (Calculated based on Cat A COE in 2025 of $50K - too high / low?) Total Cost (93.5K+71K - scrap) :151090 Total Number of Years 2018 - 2033 : 16 Depreciation per year : 9443 But what about sell high and buy high in 2022 based on Cat A COE of $75K? Old Car Price 2018 :71000 New Car Price 2022 :62000 Scrap Value 2030 (after 8 years) :-20410 Total Cost :112590 Total Number of Years 2018 - 2030 :12 Depreciation per year :9383 So no real difference between sell high / buy high and sell low / buy low? In previous posts, I notice that people say that if the car has a high COE it is better to scrap early. So what if the new car is scrapped just before 5th birthday before warranty etc expires? Old Car Price 2018 :71000 New Car Price 2022 :62000 Scrap in 2028 :-42910 Total Cost :90090 Total Number of Years 2018 - 2028 :10 Depreciation per year :9009 So it is cheapest to buy low / sell high / scrap early? Or does that apply on a case-to-case basis? What can go wrong with these calculations? COE doesn’t drop, COE drops a lot, new car price doesn’t drop, scrap value, ARF rebates changes? Is it accurate to estimate a Cat A COE of $50K in 2025. What will the effect 2% increase in GST be on cars? Edited July 4, 2022 by SLing 1 Link to post Share on other sites More sharing options...
Volvobrick Supersonic July 4, 2022 Share July 4, 2022 13 minutes ago, SLing said: The question is whether it is better to sell high & buy high or sell low & buy low. The purpose of getting new car is to save on servicing and petrol / fc, warranty. My friends advised me that it is better not to buy high no matter what because the depreciation is higher. But selling the old car at a high price also saves money because the trade-in value is higher. The scrap values below = paper value Old Car Price 2018 : 71000 Scrap Value before 8th year : -16451 New Car Price 2025 : 110000 (likely average Cat A price in 2025?) Top Up in 2025 (after trade-in) :93500 Scrap Value New Car 2033 :-13410 (Calculated based on Cat A COE in 2025 of $50K - too high / low?) Total Cost (93.5K+71K - scrap) :151090 Total Number of Years 2018 - 2033 : 16 Depreciation per year : 9443 But what about sell high and buy high in 2022 based on Cat A COE of $75K? Old Car Price 2018 :71000 New Car Price 2022 :62000 Scrap Value 2030 (after 8 years) :-20410 Total Cost :112590 Total Number of Years 2018 - 2030 :12 Depreciation per year :9383 So no real difference between sell high / buy high and sell low / buy low? In previous posts, I notice that people say that if the car has a high COE it is better to scrap early. So what if the new car is scrapped just before 5th birthday before warranty etc expires? Old Car Price 2018 :71000 New Car Price 2022 :62000 Scrap in 2028 :-42910 Total Cost :90090 Total Number of Years 2018 - 2028 :10 Depreciation per year :9009 So it is cheapest to buy low / sell high / scrap early? Or does that apply on a case-to-case basis? What can go wrong with these calculations? COE doesn’t drop, COE drops a lot, new car price doesn’t drop, scrap value, ARF rebates changes? Is it accurate to estimate a Cat A COE of $50K in 2025. What will the effect 2% increase in GST be on cars? You didn't take into consideration how the returns from the spare cash (62K) you save by not changing car. Maybe it will double to 114K and you get a brand new car for that 62K! 3 Link to post Share on other sites More sharing options...
mersaylee Supersonic July 4, 2022 Share July 4, 2022 @Soya lai lai...trade in value is your forte...😁 Link to post Share on other sites More sharing options...
Mooose 6th Gear July 4, 2022 Share July 4, 2022 1 hour ago, SLing said: The question is whether it is better to sell high & buy high or sell low & buy low. The purpose of getting new car is to save on servicing and petrol / fc, warranty. My friends advised me that it is better not to buy high no matter what because the depreciation is higher. But selling the old car at a high price also saves money because the trade-in value is higher. The scrap values below = paper value Old Car Price 2018 : 71000 Scrap Value before 8th year : -16451 New Car Price 2025 : 110000 (likely average Cat A price in 2025?) Top Up in 2025 (after trade-in) :93500 Scrap Value New Car 2033 :-13410 (Calculated based on Cat A COE in 2025 of $50K - too high / low?) Total Cost (93.5K+71K - scrap) :151090 Total Number of Years 2018 - 2033 : 16 Depreciation per year : 9443 But what about sell high and buy high in 2022 based on Cat A COE of $75K? Old Car Price 2018 :71000 New Car Price 2022 :62000 Scrap Value 2030 (after 8 years) :-20410 Total Cost :112590 Total Number of Years 2018 - 2030 :12 Depreciation per year :9383 So no real difference between sell high / buy high and sell low / buy low? In previous posts, I notice that people say that if the car has a high COE it is better to scrap early. So what if the new car is scrapped just before 5th birthday before warranty etc expires? Old Car Price 2018 :71000 New Car Price 2022 :62000 Scrap in 2028 :-42910 Total Cost :90090 Total Number of Years 2018 - 2028 :10 Depreciation per year :9009 So it is cheapest to buy low / sell high / scrap early? Or does that apply on a case-to-case basis? What can go wrong with these calculations? COE doesn’t drop, COE drops a lot, new car price doesn’t drop, scrap value, ARF rebates changes? Is it accurate to estimate a Cat A COE of $50K in 2025. What will the effect 2% increase in GST be on cars? ok maybe i am trying to look at it in a simple way .. what is car value now? what is scrap value at 10 years? the difference is the depreciation per year for next 5 years .. thats what it will cost you to drive per year for next 5 years. now look at new car price and scrap value of the new car .. what is depreciation per year? is this number lower than the one above for your present car? if it is lower then indeed it is better for you to change cars now .. otherwise its best to just sit tight .. 1 Link to post Share on other sites More sharing options...
Soundphile 2nd Gear July 4, 2022 Share July 4, 2022 1 hour ago, SLing said: Old Car Price 2018 :71000 New Car Price 2022 :62000 Scrap Value 2030 (after 8 years) :-20410 Total Cost :112590 Total Number of Years 2018 - 2030 :12 Depreciation per year :9383 So no real difference between sell high / buy high and sell low / buy low? No trade in for the old 2018 car?? car is only 4 year old (2022-2018), trade in will be much higher than 16451 at the 8th year.. i don't understand how will "buy low/sell low" be worse off than "buy high/sell high"... hmmm.. 1 Link to post Share on other sites More sharing options...
Ingenius Turbocharged July 4, 2022 Share July 4, 2022 (edited) Recently I buy high and sell high also. I worked out the sum, new car depreciation at current coe level, is surely much higher than your current car, even if you sell high. The extra sale proceed from selling your car at a 'high' price, will not come close to the new car price, given the crazy coe price today. But i thought how many years can i wait for coe to come down before i can enjoy a new car ? so i just go ahead without thinking too much. sometimes is not the money, but the justification that we need to overcome. Whether coe fall or rise from now, i dont care and wont be bothered, just enjoy the ride. Edited July 4, 2022 by Ingenius 8 Link to post Share on other sites More sharing options...
Mkl22 Twincharged July 4, 2022 Share July 4, 2022 14 minutes ago, Ingenius said: Recently I buy high and sell high also. I worked out the sum, new car depreciation at current coe level, is surely much higher than your current car, even if you sell high. The extra sale proceed from selling your car at a 'high' price, will not come close to the new car price, given the crazy coe price today. But i thought how many years can i wait for coe to come down before i can enjoy a new car ? so i just go ahead without thinking too much. sometimes is not the money, but the justification that we need to overcome. Whether coe fall or rise from now, i dont care and wont be bothered, just enjoy the ride. exactly. no way sell high buy high will be better off than sell low buy low. anyway dont understand his math and calculation. ↡ Advertisement 1 1 Link to post Share on other sites More sharing options...
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