NeverLucky88 Clutched January 24, 2022 Share January 24, 2022 (edited) Good day everyone, I'm looking to purchase my first car. Have been driving the family car on and off but now i've decided to buy my own. Been driving for around 4 years now. I'm currently looking at the BMW E89 Z4, which has a depre of roughly 11k/yr. I have no plans to have kids anytime in the near future and it's a car that i really like. The only concern i have is the road tax for the 6 cyl 23i. At the 15th yr, it amounts to an astounding 2.7k/yr. With that in mind, does it ever make sense to purchase a 2.5l COE car? Or do i just play w it for a few years then sell? I have also looked at the 2.0l turbo variant (20i), but being a newer model, it costs way more than the 23i (around 14k/yr depre). If it doesn't make sense to purchase a 2.5l COE car, what other options do i have? I have previously also shortlisted the 320i coupe (underpowered and heavy) and e250 coupe (hearsay FC is below average). Budget is around 80-85k. All suggestions all welcome, thanks in advance! Edited January 24, 2022 by NeverLucky88 ↡ Advertisement 2 Link to post Share on other sites More sharing options...
yishunite Turbocharged January 24, 2022 Share January 24, 2022 If u think that roadtax is high wait till you see repair bills 3 21 Link to post Share on other sites More sharing options...
Rickster 5th Gear January 24, 2022 Share January 24, 2022 (edited) I guess you're quite young still and without family commitments? If I'm in your shoes, I'd suggest you go for your first choice and get what you really want. Primary reasons being: You're looking at a used car - that means you'll probably be looking at a more linear depreciation. Meaning, you can sell the car after 6 months or a year without losing thru your pants. You're young and no commitments, don't waste your life. YOLO Caveat is that I'm assuming that you are able to responsibly, from a financial perspective, afford that car of your dreams. Oh ya, remember to get SGcarmart warranty coverage or any other form of warranty that used car dealers can offer for that car! It'll save u more than a penny! Edited January 24, 2022 by Rickster 2 Link to post Share on other sites More sharing options...
t0y0ta Supercharged January 24, 2022 Share January 24, 2022 6 minutes ago, yishunite said: If u think that roadtax is high wait till you see repair bills Good to let the young ones learn through actual experience. It is like walking thru fire, need to be burnt to know the pain 2 7 Link to post Share on other sites More sharing options...
Jamesc Hypersonic January 24, 2022 Share January 24, 2022 (edited) Don't listen to all the nonsense from old people. Buy what you like and enjoy. YOLO. I became a dad young and never got to enjoy a 2 door spot car and attract all the ladies. Edited January 24, 2022 by Jamesc 6 Link to post Share on other sites More sharing options...
Volvobrick Supersonic January 24, 2022 Share January 24, 2022 29 minutes ago, t0y0ta said: Good to let the young ones learn through actual experience. It is like walking thru fire, need to be burnt to know the pain Yeah better to 80k lesson fees then 800k in future. Link to post Share on other sites More sharing options...
Watwheels Supersonic January 24, 2022 Share January 24, 2022 You are paying full cash or what? Have you enquire any car insurance company for a quote to insure you and your coe car? Have to ask cos you are young and some of the cars you mentioned are 2-doors and bmw. Insurance charge premium for young drivers, premium for 2-door, premium for cars like bmw. If you add all these premiums you might easily hit a 5digit sum just for annual insurance. There is a roadtax surcharge for coe cars. https://onemotoring.lta.gov.sg/content/onemotoring/home/owning/ongoing-car-costs/road-tax.html Age of vehicle Annual road tax surcharge More than 10 years old 10% of road tax More than 11 years old 20% of road tax More than 12 years old 30% of road tax More than 13 years old 40% of road tax More than 14 years old 50% of road tax This is a roadtax calculator if you dunno how to calculate. https://www.sgcarmart.com/services/roadtax_calculator.php So every year there will come a time you will have to pay, if you are not paying full cash... loan installment + insurance + roadtax. These are on top of running cost like petrol bill, parking and erp. Cannot solely look at price tag or depreciation alone. Just ask for a insurance quote first. One step at a time. 2 Link to post Share on other sites More sharing options...
t0y0ta Supercharged January 24, 2022 Share January 24, 2022 47 minutes ago, NeverLucky88 said: Good day everyone, I'm looking to purchase my first car. Have been driving the family car on and off but now i've decided to buy my own. Been driving for around 4 years now. I'm currently looking at the BMW E89 Z4, which has a depre of roughly 11k/yr. I have no plans to have kids anytime in the near future and it's a car that i really like. The only concern i have is the road tax for the 6 cyl 23i. At the 15th yr, it amounts to an astounding 2.7k/yr. With that in mind, does it ever make sense to purchase a 2.5l COE car? Or do i just play w it for a few years then sell? I have also looked at the 2.0l turbo variant (20i), but being a newer model, it costs way more than the 23i (around 14k/yr depre). If it doesn't make sense to purchase a 2.5l COE car, what other options do i have? I have previously also shortlisted the 320i coupe (underpowered and heavy) and e250 coupe (hearsay FC is below average). Budget is around 80-85k. All suggestions all welcome, thanks in advance! Firstly identify a trusted workshop near your house with BMW experience, best if they work on Sundays also. And they let you bring your own parts 2ndly get some free towing service (with insurance etc etc) Also get familiar with the BMW stockist in Singapore. Can also familiarize with buying parts online from overseas. 2 1 Link to post Share on other sites More sharing options...
Confusedboi Supercharged January 24, 2022 Share January 24, 2022 In my opinion want to save money but still want 2 door get Kia koup or Mazda mx 5 or Honda integra dc5. They are not as fast as and lack the badge appeal like conti coupes but you will probably save more in the long run for repair and maintenance costs😆. NA engines less parts to go wrong than turbos in the long run. 1 Link to post Share on other sites More sharing options...
Volvobrick Supersonic January 24, 2022 Share January 24, 2022 (edited) 10 minutes ago, Confusedboi said: In my opinion want to save money but still want 2 door get Kia koup or Mazda mx 5 or Honda integra dc5. They are not as fast as and lack the badge appeal like conti coupes but you will probably save more in the long run for repair and maintenance costs😆. NA engines less parts to go wrong than turbos in the long run. COE cars got badge appeal meh? It's not an Italian exotic. Agree Jipun old cars will be more reliable than BMW. Edited January 24, 2022 by Volvobrick 1 Link to post Share on other sites More sharing options...
yishunite Turbocharged January 24, 2022 Share January 24, 2022 (edited) 1 hour ago, t0y0ta said: Good to let the young ones learn through actual experience. It is like walking thru fire, need to be burnt to know the pain All true but i guess we should at least warn him that major parts replacement is guaranteed for COE car within first few years... and for roadster it may be 4-5 digits I mean what is #1 reason someone would sell their 11-12yo car whose COE they just renewed? 😅 Edited January 24, 2022 by yishunite Link to post Share on other sites More sharing options...
Confusedboi Supercharged January 24, 2022 Share January 24, 2022 33 minutes ago, Volvobrick said: COE cars got badge appeal meh? It's not an Italian exotic. Agree Jipun old cars will be more reliable than BMW. Got bmw badge can Liao😆. Some more Z4 is not that common 1 Link to post Share on other sites More sharing options...
Rickster 5th Gear January 24, 2022 Share January 24, 2022 (edited) 7 minutes ago, yishunite said: All true but i guess we should at least warn him that major parts replacement is guaranteed for COE car within first few years... and for roadster it may be 4-5 digits I mean what is #1 reason someone would sell their 11-12yo car whose COE they just renewed? 😅 True, but also there are many who wants to make a profit. If you look at the prices of most COE cars that they are selling, it's quite possible to make money as the depreciation of COE cars are often > than the forgone (parf rebate + COE)/10 or 5 years. Edited January 24, 2022 by Rickster Link to post Share on other sites More sharing options...
Rickster 5th Gear January 24, 2022 Share January 24, 2022 Just now, Confusedboi said: Got bmw badge can Liao😆. Some more Z4 is not that common Depends on who u want to impress... for most young ladies/people who are not into cars (which happens to be a large %), they can't tell. All the can tell is a BMW logo + 2 door = Expensive 2 Link to post Share on other sites More sharing options...
Watwheels Supersonic January 24, 2022 Share January 24, 2022 This is Singapore, not like other countries where the yester years spork car become affordable. If so easy to own everyone will be driving one. 1 Link to post Share on other sites More sharing options...
shrjun 5th Gear January 24, 2022 Share January 24, 2022 Get what you want . 10 years life is not the end of a car. However , it's not all roses with any car > 5 years old - there will be wear and tear items which need to be replaced - suspension / brake discs and rotors / piping / fuel pumps . etc etc 2 Link to post Share on other sites More sharing options...
ER-3682 Twincharged January 24, 2022 Share January 24, 2022 Thread Starter Forum Name "Neverlucky 88"..i think he can stay clear of over 10 years Z4...Problematic Car..if it is an Abuse Unit..for the 1st 10 Years. 1 Link to post Share on other sites More sharing options...
inlinesix Hypersonic January 24, 2022 Share January 24, 2022 This is a wrong place to ask opinion about BMW especially COE car. Drive a used BMW is a journey that is fill with joy (when everything works) and sorrow (when everything don’t work). It is important to get the car checked before purchase. ↡ Advertisement 4 Link to post Share on other sites More sharing options...
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