Jamesc Hypersonic July 15, 2022 Share July 15, 2022 You ask the right person. My MIL knows. She has helicopter view. She is ministar material. And she says It can go up or down. 13 hours ago, detached2007 said: Prospective buyer here, hoping to scoop a CAT A within 1 - 1.5 year. We have been grabbing mostly, but feel that a car is quite an essential with a kid coming along. Any insights on COE prices in the coming quarters? Quite disappointed that COE has risen to such levels, I'm quite baffled why are PHV vehicles drawing from the same pool. ↡ Advertisement Link to post Share on other sites More sharing options...
Jamesc Hypersonic July 15, 2022 Share July 15, 2022 (edited) If you take a 10 year loan and you are comfortable with the monthly installments then whether COE goes up to 200k or falls to 50k does not affect you at all. Your monthly installments don't change. It just psychological. Edited July 15, 2022 by Jamesc Link to post Share on other sites More sharing options...
Jamesc Hypersonic July 15, 2022 Share July 15, 2022 This is how Warren Buffett invests 8 minutes ago, Jamesc said: If you take a 10 year loan and you are comfortable with the monthly installments then whether COE goes up to 200k or falls to 50k does not affect you at all. Your monthly installments don't change. It just psychological. Link to post Share on other sites More sharing options...
darviathan 2nd Gear July 15, 2022 Share July 15, 2022 15 hours ago, detached2007 said: Prospective buyer here, hoping to scoop a CAT A within 1 - 1.5 year. We have been grabbing mostly, but feel that a car is quite an essential with a kid coming along. Any insights on COE prices in the coming quarters? Quite disappointed that COE has risen to such levels, I'm quite baffled why are PHV vehicles drawing from the same pool. Not forgetting interest rate for loan also going up. Unless you full cash buy car then no need to worry about the interest. 😆 Link to post Share on other sites More sharing options...
tjyand 2nd Gear July 15, 2022 Share July 15, 2022 16 hours ago, detached2007 said: Prospective buyer here, hoping to scoop a CAT A within 1 - 1.5 year. We have been grabbing mostly, but feel that a car is quite an essential with a kid coming along. Any insights on COE prices in the coming quarters? Quite disappointed that COE has risen to such levels, I'm quite baffled why are PHV vehicles drawing from the same pool. Bought a car back in end 2020 for the same reason - new kid coming along. Tbh, even though was lucky to get a cat b budget car while coe prices were about 40k, I feel that having a car is overrated- we get scratches and dents on it due to vandals, worry about washing, fuel prices, parking prices, etc. cabbing until the kid turns 1 is viable (think the grab drivers will turn away without car seat). Thereafter, buses(my kid loves buses haha). Even less need if the infant care is near your house. Wanted to sell the car and get back what we paid but vetoed by my wife, what to do. now with a second kid though, then having a car is useful. Having a boot to store two strollers etc. plus, much harder to manage 2 kids on public transport and even cabs. So looks like I’m stuck with the car and all of its costs for the next few years… 4 Link to post Share on other sites More sharing options...
darviathan 2nd Gear July 15, 2022 Share July 15, 2022 6 minutes ago, tjyand said: Bought a car back in end 2020 for the same reason - new kid coming along. Tbh, even though was lucky to get a cat b budget car while coe prices were about 40k, I feel that having a car is overrated- we get scratches and dents on it due to vandals, worry about washing, fuel prices, parking prices, etc. cabbing until the kid turns 1 is viable (think the grab drivers will turn away without car seat). Thereafter, buses(my kid loves buses haha). Even less need if the infant care is near your house. Wanted to sell the car and get back what we paid but vetoed by my wife, what to do. now with a second kid though, then having a car is useful. Having a boot to store two strollers etc. plus, much harder to manage 2 kids on public transport and even cabs. So looks like I’m stuck with the car and all of its costs for the next few years… I agree with the scratches and dents on door as gotten them just 2 weeks after collecting new car and there's no way to prevent this. Gotten mine early 2021 before the coe start shooting up and during that time my kid was 2 yo. before that depend on public transport but the experience is not good especially at peak hour and public holiday. Initially we think not having a car is okay but the final straw came on CNY 1st day when we couldn't get a taxi and grab for about an hour. 2 1 Link to post Share on other sites More sharing options...
tjyand 2nd Gear July 15, 2022 Share July 15, 2022 11 minutes ago, darviathan said: I agree with the scratches and dents on door as gotten them just 2 weeks after collecting new car and there's no way to prevent this. Gotten mine early 2021 before the coe start shooting up and during that time my kid was 2 yo. before that depend on public transport but the experience is not good especially at peak hour and public holiday. Initially we think not having a car is okay but the final straw came on CNY 1st day when we couldn't get a taxi and grab for about an hour. That’s true, there are some conveniences of car ownership that cannot be gotten anywhere else. there are also some inconveniences- the scratch and dent bit is damn irritating- knowing you pay essentially leaving a 100k plus piece of metal out for anyone to damage, petrol, parking, all of that… ultimately, whether or not to buy depends on whether from the buyer’s perspective the conveniences outweigh the inconveniences. if it were up to me, I rather take the money and spend on a bigger/nicer house instead. But that’s just me 😬 2 Link to post Share on other sites More sharing options...
Sdf4786k Twincharged July 15, 2022 Share July 15, 2022 22 minutes ago, tjyand said: That’s true, there are some conveniences of car ownership that cannot be gotten anywhere else. there are also some inconveniences- the scratch and dent bit is damn irritating- knowing you pay essentially leaving a 100k plus piece of metal out for anyone to damage, petrol, parking, all of that… ultimately, whether or not to buy depends on whether from the buyer’s perspective the conveniences outweigh the inconveniences. if it were up to me, I rather take the money and spend on a bigger/nicer house instead. But that’s just me 😬 Take grab .. help the people in the gig economy.. did not realised that 4 out of 5 Singaporean need a second job to survive… obviously having a good head on your shoulder and working hard won’t make it.. used to be if u meet the bare minimum of a university, u have no worries of having a good job Link to post Share on other sites More sharing options...
13177 Supersonic July 15, 2022 Share July 15, 2022 57 minutes ago, tjyand said: Bought a car back in end 2020 for the same reason - new kid coming along. Tbh, even though was lucky to get a cat b budget car while coe prices were about 40k, I feel that having a car is overrated- we get scratches and dents on it due to vandals, worry about washing, fuel prices, parking prices, etc. cabbing until the kid turns 1 is viable (think the grab drivers will turn away without car seat). Thereafter, buses(my kid loves buses haha). Even less need if the infant care is near your house. Wanted to sell the car and get back what we paid but vetoed by my wife, what to do. now with a second kid though, then having a car is useful. Having a boot to store two strollers etc. plus, much harder to manage 2 kids on public transport and even cabs. So looks like I’m stuck with the car and all of its costs for the next few years… No wonder all those people who against buying car before having any kid, but eventually ended up buying a car after having kid is like a bit self contradicting?! 😂 Link to post Share on other sites More sharing options...
13177 Supersonic July 15, 2022 Share July 15, 2022 51 minutes ago, darviathan said: I agree with the scratches and dents on door as gotten them just 2 weeks after collecting new car and there's no way to prevent this. Gotten mine early 2021 before the coe start shooting up and during that time my kid was 2 yo. before that depend on public transport but the experience is not good especially at peak hour and public holiday. Initially we think not having a car is okay but the final straw came on CNY 1st day when we couldn't get a taxi and grab for about an hour. Getting taxi and PHV on those special day like CNY period is difficult. Even during peak hours also difficult to get a taxi, and then the PHV price would be double or triple during peak hours. So having a car surely is better la if you are able to afford it. Even though many people always say car is not necessary at all in sg context, esp when our public transport is so accessible and convenience. 3 Link to post Share on other sites More sharing options...
Jamesc Hypersonic July 15, 2022 Share July 15, 2022 If the purpose of buying a car is to ferry a newborn around why worry about dents and scratches. If the purpose of getting a car is pride in the look of the car then scratches and dents are very important. What is the real purpose of a car? Secondly a good quality second hand car can ferry the new born just like a brand new car But if the new car is to show status and face and howlian howlian a bit then a new car is very important! Please don't confuse the two. 2 Link to post Share on other sites More sharing options...
Jamesc Hypersonic July 15, 2022 Share July 15, 2022 If you don't know what you want in life you will just get the wrong thing. Many wives say its for the newborn but often is to show face and howlian howlian I like couples like this because I can always upsell them. The poor hubby worried about the cost and the wife just want face! Face is not cheap! 1 Link to post Share on other sites More sharing options...
Jamesc Hypersonic July 15, 2022 Share July 15, 2022 But after selling them the more expensive car I always feel a bit bad. Link to post Share on other sites More sharing options...
Jamesc Hypersonic July 15, 2022 Share July 15, 2022 Then I count the money and forget it and just move on. never hold on to things. Put it down and learn to move on. Link to post Share on other sites More sharing options...
Jamesc Hypersonic July 15, 2022 Share July 15, 2022 My fren nephew came to buy a car from me. He wanted a Teana to match his status as a successful insurance salesman I told him high taxes, drinks fuel and high maintenance. He said I see him no up and went to my competitor and bought a Teana. 2 years Covid no business has to sell the Teana and he is now driving a PHV. If only he bought a B & B car from me he don't have to sell his car and rent a PHV He can use the B & B car to do his PHV. 1 Link to post Share on other sites More sharing options...
tjyand 2nd Gear July 15, 2022 Share July 15, 2022 1 hour ago, 13177 said: Getting taxi and PHV on those special day like CNY period is difficult. Even during peak hours also difficult to get a taxi, and then the PHV price would be double or triple during peak hours. So having a car surely is better la if you are able to afford it. Even though many people always say car is not necessary at all in sg context, esp when our public transport is so accessible and convenience. True, some conveniences are definitely unique, and would be very important to certain people who would then be willing to secure a car no matter what the coe price is 😊 1 Link to post Share on other sites More sharing options...
tjyand 2nd Gear July 15, 2022 Share July 15, 2022 52 minutes ago, Jamesc said: If the purpose of buying a car is to ferry a newborn around why worry about dents and scratches. If the purpose of getting a car is pride in the look of the car then scratches and dents are very important. What is the real purpose of a car? Secondly a good quality second hand car can ferry the new born just like a brand new car But if the new car is to show status and face and howlian howlian a bit then a new car is very important! Please don't confuse the two. Purpose of marrying the wife is for companionship and raising a family, why worry so much and talk so much about the MIL? 😉 1 Link to post Share on other sites More sharing options...
Jamesc Hypersonic July 15, 2022 Share July 15, 2022 Just now, tjyand said: Purpose of marrying the wife is for companionship and raising a family, why worry so much and talk so much about the MIL? 😉 Its a package deal. Buy one get the whole lot and no returns and no refunds. ↡ Advertisement 2 Link to post Share on other sites More sharing options...
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