Change car now or wait till later?

[Ct3833]

1 hour ago, Soya said:

Some 2nd hand cars depre same or maybe even higher than new car...

Blame Jamesc. His MIL give him tactic one 

 

 

Buy a used car that can last till 2015 or 2016 to be safe, if COE does not drop by then, there is no hope for COE to come down. 

[Soya]

1 minute ago, Ct3833 said:

Buy a used car that can last till 2015 or 2016 to be safe, if COE does not drop by then, there is no hope for COE to come down. 

The older, the higher the depre

Probably coz lower $ quantum for ppl to take full loan or lower dp

No easy way out

 

[macrosszero]

18 minutes ago, mikk123 said:

COE wont' come down one. If there is a increase in supply, LTA will reduce the quota in the name of encouraging using public transport. It is our government interest to keep the COE sky high. Car is for the superrich to enjoy. 

If you need a car, can't live without it, go buy now before COE reach 100k. 

Not true; they want to keep it optimized. If you have one single COE certificate available and the richest guy bids $1,000,000 for it, it is better to make 10 available at $500,000 each.

[Ct3833]

1 hour ago, mikk123 said:

COE wont' come down one. If there is a increase in supply, LTA will reduce the quota in the name of encouraging using public transport. It is our government interest to keep the COE sky high. Car is for the superrich to enjoy. 

If you need a car, can't live without it, go buy now before COE reach 100k. 

You could be right, but i dont have enough for down payment now , so at least  i can use the next few years to save up for my down payment . But looks like i will be in a perpetual catch up mode ?  😄😄

Edited March 1, 2022 by Ct3833

[Tohto]

1 hour ago, mikk123 said:

COE wont' come down one. If there is a increase in supply, LTA will reduce the quota in the name of encouraging using public transport. It is our government interest to keep the COE sky high. Car is for the superrich to enjoy. 

If you need a car, can't live without it, go buy now before COE reach 100k. 

You talk like a car saleman, thats why many buyer are so scare and rush in to sign on the line even if their car still have some time to go.

[RadX]

14 hours ago, Soya said:

The older, the higher the depre

Probably coz lower $ quantum for ppl to take full loan or lower dp

No easy way out

 

yah man...my car quoted to buy in at $270k.....woot...

[Arogab]

2 hours ago, RadX said:

yah man...my car quoted to buy in at $270k.....woot...

Sell high and buy high, sell low and buy low. One tactics work, buy new when COE down, when COE up, buy those 1-2 years car. Repeat the same order again. Haha

[RadX]

2 minutes ago, Arogab said:

Sell high and buy high, sell low and buy low. One tactics work, buy new when COE down, when COE up, buy those 1-2 years car. Repeat the same order again. Haha

saw a tesla performance...priced right, used one...wohooo..

[Arogab]

5 minutes ago, RadX said:

saw a tesla performance...priced right, used one...wohooo..

Buy Buy. I sarpork you to buy😂

[GoodCar]

As I look up at the sky staring into the distance galaxy, my prediction is

What go up will come down.

What go down will come up.

Tan Gu Jio Wu.

☺️☺️☺️☺️☺️☺️

 

 

[Scion]

extraordinary times

if u bought a new car one or two years ago, you probably can sell at a profit now

almost unheard of in the past (cars in Singapore always depreciate fast)

due to the steep surge of COE

[13177]

Just now, Scion said:

extraordinary times

if u bought a new car one or two years ago, you probably can sell at a profit now

almost unheard of in the past (cars in Singapore always depreciate fast)

due to the steep surge of COE

If sell now and dont buy another car then can profit. Lol.

[Jamesc]

On 2/28/2022 at 11:09 AM, Beanoyip said:

Buy 2nd hand car now if you really need one.

But only buy from Jamesc

[Jamesc]

Everyone knows COE will go up and down.

Only no one knows when and by how much!

Edited March 1, 2022 by Jamesc

[Sdf4786k]

On 2/27/2022 at 4:08 PM, Mooose said:

yup like i said, can afford (job or no job) then good, but those who can barely afford even with a job must have guts to buy without a job .. or some might say irresponsible when family wondering where money for household coming from next if no job ..

And hence there was tdsr to ensure you don’t over leverage. 
 

use to be 50% of the cost of cars.

but the market went downwards after that.

[Mooose]

33 minutes ago, Sdf4786k said:

And hence there was tdsr to ensure you don’t over leverage. 
 

use to be 50% of the cost of cars.

but the market went downwards after that.

yes, in theory ..

but in reality, with over trade etc numbers can be skewed .. to get around tdsr ..

Edited March 1, 2022 by Mooose

[Sdf4786k]

1 minute ago, Mooose said:

yes, in theory ..

but in reality, with over trade etc numbers can be skewed ..

That’s where iras n regulators make sure market manipulators n buyers get punished 

[Mooose]

26 minutes ago, Sdf4786k said:

That’s where iras n regulators make sure market manipulators n buyers get punished 

i am told (but unverified) that private in house loans can get round tdsr too ..