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#1

Posted 24 July 2019 - 12:16 AM

Wryan
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Hi all! I cant post a new topic yet but I am actually looking to get a used car. My idea is that I wanna get from point a to b. I'm not sure if i should get a 5 year old car, renewed COE car or even,just save up some more and get a brand new one since COE prices will be dropping (correct me if I'm wrong please). Cause generally whenever recession hits, COE prices will drop right (??)

#2

Posted 24 July 2019 - 11:10 AM

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Hi all! I cant post a new topic yet but I am actually looking to get a used car. My idea is that I wanna get from point a to b. I'm not sure if i should get a 5 year old car, renewed COE car or even,just save up some more and get a brand new one since COE prices will be dropping (correct me if I'm wrong please). Cause generally whenever recession hits, COE prices will drop right (??)

 

whats ur driving experience? if u just got ur license getting a COE car would make a practical first time car. no heartaches for all the potential bumps & kisses u inevitably will get


Edited by alfakidz85, 24 July 2019 - 11:10 AM.

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#3

Posted 24 July 2019 - 11:37 AM

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whats ur driving experience? if u just got ur license getting a COE car would make a practical first time car. no heartaches for all the potential bumps & kisses u inevitably will get

I've gotten my license for over a year. Been driving regularly. So far I'll say, (touch wood) I've not kissed or bumped anything. What I'm afraid is that COE car maintenance would just eat into whatever that I could have "potentially" saved from buying a cheap car...

#4

Posted 24 July 2019 - 11:49 AM

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I think the coe for Cat A cars will increase in the next few biddings, due to the reduction in quota.

#5

Posted 24 July 2019 - 11:54 AM

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I've gotten my license for over a year. Been driving regularly. So far I'll say, (touch wood) I've not kissed or bumped anything. What I'm afraid is that COE car maintenance would just eat into whatever that I could have "potentially" saved from buying a cheap car...

If ur main objective is a comfy, reliable A to B car, forget abt COE cars and just buy a basic new Avante w 6k+ depre w a 5-yr warranty. Does the job perfectly and life is good
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#6

Posted 24 July 2019 - 12:09 PM

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5yo cars are out cos 5 years ago coe is very high.

 

Renewed coe car preferably recently renew at around 30 odd K. More troublesome since have to do car inspection annually, not foc also. Existing car issues etc. But it's cheaper than a brand new car.

 

New car is depending on your budget. Worry free with free servicing and stuff. Down side is you are paying a lot more.

 

Other than setting a budget look at your priorities.

On average how much mileage do you achieve? Ask yourself is a car really a necessity or luxury. 

Family priorities if any. 

Barang barang. I see some ppl's car is like a dump truck. All kinds of rubbish in the car. 

 

Try to stick to your budget and priorities and not get distracted with things that dont matter so much. 


Feel so rich. Or just an illusion?

#7

Posted 24 July 2019 - 12:16 PM

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Hi,

Just went through this thought/did some calculations of my own, so maybe I can help out here. 

The main consideration for me at that time was that between a renew COE car (i.e the Avante, or the Honda Fit/Jazz), was that even though the annual depreciation for the COE car was lower, I think that eventually when you factor in F/C differences, servicing costs, the unreliability of an old car, I think that purchasing a new one might make more sense financially.

At the time that I checked, a renewed for 5 years Fit was $30k~, and a new Honda Fit was ~$66k for a new 10 year COE. 

Of course have to factor in things like your interest etc, but for me paying slightly more for the piece of mind was definitely worth it. 

Just my two cents, hope this helps, and I actually do have a more detailed calculation done up if you want it  [laugh]



#8

Posted 24 July 2019 - 12:43 PM

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Buy new

:D
Say no to harsh artificial chemicals

that pollute the earth

and go natural. [thumbsup]

#9

Posted 24 July 2019 - 12:43 PM

Wryan
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Gosh, didn't expect so much help so quickly. Appreciate all of your input.

I went to turf club to take a look. I was quite smitten by golf and even sicorro. Are those like a horrible choices?

Brand new avante does sound like a good idea!

#10

Posted 24 July 2019 - 12:47 PM

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Used VW - chances of having gearbox issues are higher than with other cars. I would suggest you not be tempted.

Do you have 15k to set aside every year for car and expenses? If yes, go to question 2.

Do you have 30-40k cash? If yes, buy a new car. If not, buy a used car that fulfils the budget figure mentioned above.
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The gene pool could use a bit of Clorox at times

#11

Posted 24 July 2019 - 12:50 PM

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Fast driver buy fast car.

Slow driver buy slow car.

Old driver buy old car.

New driver buy new car.

Old man buy old man car.

Young man buy young man car.

:D
Say no to harsh artificial chemicals

that pollute the earth

and go natural. [thumbsup]

#12

Posted 24 July 2019 - 12:54 PM

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Gosh, didn't expect so much help so quickly. Appreciate all of your input.

I went to turf club to take a look. I was quite smitten by golf and even sicorro. Are those like a horrible choices?

Brand new avante does sound like a good idea!

Unless those VWs u saw are Golf GTi, Golf R or Scirocco R, I wouldn't bother...

#13

Posted 24 July 2019 - 12:56 PM

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Gosh, didn't expect so much help so quickly. Appreciate all of your input.

I went to turf club to take a look. I was quite smitten by golf and even sicorro. Are those like a horrible choices?

Brand new avante does sound like a good idea!

 

first time car buyer, please stick to Japanese models, eg Toyota, Honda, Nissan. insurance for such models should be cheaper too as you build up your NCD over the years.

 

depending on your budget and usage, both 5yo and COE renewed also works, but get the car inspected by AA first before the purchase.

 

its a major decision, don't rush. 


Edited by Blueray, 24 July 2019 - 01:02 PM.

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focus

#14

Posted 24 July 2019 - 01:29 PM

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To buy new or old car and which brand depend on your budget.

 

Once you know your budget, then you can narrow down your choices.


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#15

Posted 24 July 2019 - 01:43 PM

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If ur main objective is a comfy, reliable A to B car, forget abt COE cars and just buy a basic new Avante w 6k+ depre w a 5-yr warranty. Does the job perfectly and life is good

 

Good advice! Have to be quick as Cat A COE will probably go up in the short term although the economy might tank.



#16

Posted 24 July 2019 - 01:45 PM

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Hi all! I cant post a new topic yet but I am actually looking to get a used car. My idea is that I wanna get from point a to b. I'm not sure if i should get a 5 year old car, renewed COE car or even,just save up some more and get a brand new one since COE prices will be dropping (correct me if I'm wrong please). Cause generally whenever recession hits, COE prices will drop right (??)

 

1)  Need to know your budget ... how much you wanna pay for down payment, how much you intend

     to pay for your monthly instalment

 

2)  Looking to buy a 2 door or 4 door ride

 

 

It would be much easier to work on from there where you slowly narrow down the choices .... [nod]



#17

Posted 24 July 2019 - 01:48 PM

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Buy a used car to drive for 5 yrs at <$5K annual dep.

 

Even with 0% NCD, the 3rd party fire and theft insurance will not be costly.

 

Build up your driving skills , then get a better car

 

Perodua MYVI

https://www.sgcarmar...=835127&DL=1354

 

Kia Picanto

https://www.sgcarmar...=837868&DL=3580


Edited by Vinceng, 24 July 2019 - 01:49 PM.


#18

Posted 24 July 2019 - 01:52 PM

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Good advice! Have to be quick as Cat A COE will probably go up in the short term although the economy might tank.

Guess Cat A might go up for the few rounds of bidding, then it might come down again.


When you arise in the morning think of what a precious privilege it is to be alive, to breathe, to think, to enjoy, to love.

#19

Posted 13 August 2019 - 10:05 PM

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Gosh, didn't expect so much help so quickly. Appreciate all of your input.

I went to turf club to take a look. I was quite smitten by golf and even sicorro. Are those like a horrible choices?

Brand new avante does sound like a good idea!

Avoid buying used VW car imo.



#20

Posted 13 August 2019 - 10:30 PM

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Tips for a new car buyer:

1: Research, research, research.

Do all your research on the car models before you go to the showroom to see them. Let the SE explain to you but take things they say with a pinch of salt. Understanding the car you're buying can go a long way to preserving the life of your car and buying the right car. For example, dual clutch transmissions like the ones used in VW cars are not the most reliable especially if not taken care of properly with the right driving technique/maintanance schedule.

 

2: Understanding your financing options

Understanding the interest rates that you're paying.

 

For example if the car costs 100k and you're taking a 60% (60k) loan at 2.28%, taking a 7 year loan over a 5 year long means you end up paying 2.7k more interest for your car even though your monthly installment would be lower. The loan amount and the tenure can always be discussed - they would rather close a deal than to lose a potential deal because they didn't want to give you your preferred financing option.

 

All the dealers (AD and PI) will always encourage you to go for higher loan amount and a longer loan tenure because they would earn more from that. Good to know the rule of 78 if you plan to clear your loan early, also known as early redemption of loan.

 

3: Don't rush

Do not get overly excited and be pressured by dealers telling you, the discount can disappear anytime or like we won't be offering new discount after a certain day. Also don't be drawn in by the freebies - you're shopping for a car not the freebies. 

 

4: Additional cost

A lot of new car owners are so excited at owning a car that they forget about all the additional cost such as insurance, maintanance cost etc. This is especially important if you are on a budget.

 

Being a first time owner, you may or may not have NCD which would drive your insurance cost up. If the dealer didn't specify that you must go with their selected insurance partner, you should shop around for the best value insurance option for yourself. That being said, don't just go for the cheapest - look into the insurance that provides the kind of coverage that you need at a reasonable price. You should also do some research into the reputation of the insurance company on claims etc.

 

That's all I can think of. Good luck and enjoy your new ride! :)


I think the coe for Cat A cars will increase in the next few biddings, due to the reduction in quota.

Were you the one with the Opel drama on your COE bidding? Haha

 

Anyway it will hover around the current amount +/- about 2k I think. Panic buying period is already over and those who want to sign for a new car will wait for a dip.


Edited by subzero17, 13 August 2019 - 10:28 PM.

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