attitude777 1st Gear October 23, 2016 Share October 23, 2016 Hello seniors and Enciks I have been looking at 2nd hand car dealer sites. I saw some are selling 5-year coe cars and it comes with 1-year official warranty and claimed that the engine has been refurbished. I am aware 5-year coe cars are non-renewable. But on the surface, it looks like a okay deal since you can drive it for 5 years? I could get a renewable car with 2.5 years left, at the same price. Does it really make any sense to buy 5-year coe cars? What are the considerations? When it means 1-year official warranty, means I could go back to distro? Sounds like a gamble.. Any inputs are appreciated. ↡ Advertisement 1 Link to post Share on other sites More sharing options...
ER-3682 Twincharged October 23, 2016 Share October 23, 2016 Over 10 Years car still got Warranty.?Better write it down in "Black & White".... Link to post Share on other sites More sharing options...
Vinceng Turbocharged October 23, 2016 Share October 23, 2016 (edited) Quote you an example. 2006 Lancer with 5 year renewed COE is going at annual dep of almost $8K, with unknown history, and repair bills. A brand new Lancer is going for a song at $8,300 annual dep, with 3 yr free servicing, 5 yr warranty and 10 yr engine warranty. You do your sums and decide. Or if you are on a tight budget, go for a brand new Perodua Axia (manual) at only $72,000. $$6,800 annual dep for a brand new car. Edited October 23, 2016 by Vinceng 2 Link to post Share on other sites More sharing options...
attitude777 1st Gear October 23, 2016 Author Share October 23, 2016 (edited) Over 10 Years car still got Warranty.?Better write it down in "Black & White".... Thank you for your inputs. You meant theres no such thing? #tiopian Quote you an example. 2006 Lancer with 5 year renewed COE is going at annual dep of almost $8K, with unknown history, and repair bills. A brand new Lancer is going for a song at $8,300 annual dep, with 3 yr free servicing, 5 yr warranty and 10 yr engine warranty. You do your sums and decide. Or if you are on a tight budget, go for a brand new Perodua Axia (manual) at only $72,000. $$6,800 annual dep for a brand new car. I am trying my best not to take any loans. If i can put 35k or 40k then drive away and don't think about loans im good. Edited October 23, 2016 by attitude777 1 Link to post Share on other sites More sharing options...
RadX Moderator October 23, 2016 Share October 23, 2016 Locked Discussed to death SEARCH http://www.mycarforum.com/topic/2674087-renew-coe-or-buy-pre-owned/?fromsearch=1 ↡ Advertisement Link to post Share on other sites More sharing options...
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