Vit4wd 1st Gear December 17, 2006 Share December 17, 2006 Two exactly the same car commanding a S$10,000 price difference despite being registered on the same month and year! S$101 COE cars are great value, esp for those who intend to use it till scrap (4 1/2 more years to scrap). Just wondering why they are not popular? Proberly dealers psycho buyers to buy "normal" expensive COE cars 'cos "It has higher paper value" Click on the links below [/b] [/i] Nissan Sunny 1.6A - May 2001 - S$29,800 (COE $101) http://www.sgcarmart.com/main/info-2fMCfM9F-1091.html Nissan Sunny 1.6A - May 2001 - S$39,800 (COE $33,880) http://www.sgcarmart.com/main/info-2fMGnHkb-1104.html ↡ Advertisement Link to post Share on other sites More sharing options...
Friendstar Supercharged December 17, 2006 Share December 17, 2006 maybe becos that car with COE $101 has more potential to be cheaper? Somehow i feel that it is still slightly overpriced considering that the COE is soooo low. Link to post Share on other sites More sharing options...
Alfc 5th Gear December 17, 2006 Share December 17, 2006 I think low coe cars are only good if u really drive them till scrap. Otherwise if force to sell or trade in then the coe paper is pretty worthless. And yes, comparing with the $33k coe one, it is indeed overprice if u jus look at the value less coe: ($29k less $45 prorated coe) vs ($33.9k less $15k prorated coe). Link to post Share on other sites More sharing options...
Jiayong 3rd Gear December 17, 2006 Share December 17, 2006 no. in retrospect, Car A is more expensive. Cosyou are paying almost $30K for the body. While for car B, you are only paying 6K for the body. anytime u scrap also wont lugi so much. Crazy. no one will buy Car A. Link to post Share on other sites More sharing options...
Roh96 6th Gear December 17, 2006 Share December 17, 2006 With paper + body resale value system, can you imagine how the next owner going to sell his $101 COE car. Link to post Share on other sites More sharing options...
Vit4wd 1st Gear December 17, 2006 Author Share December 17, 2006 Not true that I am paying "almost S$30K" for the S$101 COE car body. Paper value now is - 1.2 x $16,265 OMV = $19,518. Minus selling price of $29,800, I am paying about $10,000 for the body. Link to post Share on other sites More sharing options...
Azman79 1st Gear December 17, 2006 Share December 17, 2006 Me also a $101 COE Waja. Got it at $27000 in AUG. OMV $17280. Paying $6000 for the body. Link to post Share on other sites More sharing options...
Keithpapa Neutral Newbie December 17, 2006 Share December 17, 2006 (edited) Wow, that is a lot for Waja. Drive till scrap loh. Edited December 17, 2006 by Keithpapa Link to post Share on other sites More sharing options...
Guyver 1st Gear December 18, 2006 Share December 18, 2006 Two exactly the same car commanding a S$10,000 price difference despite being registered on the same month and year! S$101 COE cars are great value, esp for those who intend to use it till scrap (4 1/2 more years to scrap). Just wondering why they are not popular? Proberly dealers psycho buyers to buy "normal" expensive COE cars 'cos "It has higher paper value" Click on the links below [/b] [/i] Nissan Sunny 1.6A - May 2001 - S$29,800 (COE $101) http://www.sgcarmart.com/main/info-2fMCfM9F-1091.html Nissan Sunny 1.6A - May 2001 - S$39,800 (COE $33,880) http://www.sgcarmart.com/main/info-2fMGnHkb-1104.html Yes ... you are right ... so far I've know a few buyer of $101 COE car ... including myself ... and all of us are happy. But apparently .... most dealer will try to condemn the car ... etc ... which I believe they earn lesser $$ for $101 COE cars. My Corolla G9 depreciation is only about $4K/yr .... Link to post Share on other sites More sharing options...
Guyver 1st Gear December 18, 2006 Share December 18, 2006 maybe becos that car with COE $101 has more potential to be cheaper? Somehow i feel that it is still slightly overpriced considering that the COE is soooo low. For other cars with "normal" COE ... the market value is easily determine ... give and take a few thousand. But for $101 COE car ... the market value is totally different altogether ... it is no longer the typical "Paper value + $?K" .... but rather .... "Paper value + body value + $5Kto$8K". This last figure is very volatile to the demand. For $101 COE car .... you don't talked about other normal things ... but rather the bottomline ... "How much depreciation per year" .... Link to post Share on other sites More sharing options...
Jiayong 3rd Gear December 18, 2006 Share December 18, 2006 oops. right. i forgot abt the OMV... anyway both OMV are about the same. so the main point here is the difference tt one pays for the car body. Link to post Share on other sites More sharing options...
Silver_z 1st Gear December 18, 2006 Share December 18, 2006 The $101 will only be a better buy, IF it is priced at $23k. Link to post Share on other sites More sharing options...
Ah_benz Clutched December 18, 2006 Share December 18, 2006 normally buying those $101 COE car, cannot use Paper+Body Scheme. Even Dealers whom buy in $101 COE Cars, they also won't offer PAper+Body. Should Use Yearly Depreciation & Compare it with those COE CArs. Upon Calculation, if you will to buy a COE Car, i rather you buy a $101 COE car. Its Depreciation is about the Same & most importantly, on the 10th Year, you still can get back the PARF Value. And $101 COE CAr is much more newer than those 1992/1993 COE Cars around. Maintaining it will be definitely cheaper too, RoadTax Cheaper alot also. my 2 cents Link to post Share on other sites More sharing options...
King 1st Gear December 18, 2006 Share December 18, 2006 because if u got into accident, n u scap ur car..good luck to u....u get only 101 back... while u buy at market value from car dealer Link to post Share on other sites More sharing options...
Pisces69 6th Gear December 18, 2006 Share December 18, 2006 because if u got into accident, n u scap ur car..good luck to u....u get only 101 back... while u buy at market value from car dealer ============================================= Yes. That is where u wil lose big time. Also if u try to sell it back to a dealer, he wil only give u the value based on a $101 COE. The only advantage is if u can drive it till scrap. Only then wil u benefit somewhat from it's lower selling price. Link to post Share on other sites More sharing options...
Godibado Neutral Newbie December 18, 2006 Share December 18, 2006 ok i dont get this $101 COE.. Could all cars be purchased with this COE? and what difference would it make? lets say i buy a new car with normal COE at about 60k, how muc h difference will the price be with the $101 COE? I'm a noob so pls reply.. ;) Link to post Share on other sites More sharing options...
Pisces69 6th Gear December 18, 2006 Share December 18, 2006 It is a little complicated like everything else but maybe u try to think about it like this: If a car bought 2 weeks earlier with a $20K COE costs $60K, then a similar car bought with the $101 COE sud cost $19,899 less, ie. $40,101. The yearly depreciation wil also b more for the 1st car cos it's COE wil depreciate at $$2,000 per year but the 2nd car COE wil depreciate at only $10.10 per year. All other things sud b the same for both cars if the OMV is the same for both cars. So every year the 1st car sud depreciate at $1,989 more than the 2nd car. As both cars reach their end of life after 10 years, their price sud both b the same at time of scrap. I hope I got it right? Anyone please correct me if I am wrong. Link to post Share on other sites More sharing options...
Lucien Neutral Newbie December 18, 2006 Share December 18, 2006 yes u r correct. bascially. DO NOT couple COE with Car value. COE is standalone by itself. High COE = WASTE of $, why? U spend more $ to pay for OWNING a car. Car OMV is the more or less the same regardless of COE value. U pay just as much as anyone else for buying a same model car. In actual fact, i dun see cars with COE more than 15k worth to be bought. For example. Compare say a cheap car. with COE 15k vs 10k. Car is selling at about 25k brand new. Then the SAME car at different purchase month would be 40k vs 35k. Basically, u own the same car, but u have to pay 5k more to LTA just to purchase it. In singapore, the best value for money car would be one with extremely low COE when u buy it as a NEW car. a typical $101 used car is overpriced as they mark up the body price. I dun even see how 2nd hand car dealers can survive with those COE $25-30k cars. They will never sell. ↡ Advertisement Link to post Share on other sites More sharing options...
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