Relentless Neutral Newbie August 2, 2009 Share August 2, 2009 Hope to get some advice from the bros and sistas, I'm posting overseas for about 6 mths from Oct 09 till April 10 for work. There's no one else in the family that can drive. Thinking of selling the car to save on the parking, road tax, insurance and DEPRECIATION. But the car is only about 2.5 years old!! Only the bright side, I'll breakeven comfortably (because I put quite a big downpayment then...). If I sell, i'll have to buy another car when I get back... What do you advise?? Sell/keep? I thought of renting out...but heard too much horror stories liao leh..... Its a 2007 Mazda3...if that matters :) THANKS!! ↡ Advertisement Link to post Share on other sites More sharing options...
Tiger21 Clutched August 2, 2009 Share August 2, 2009 Back then, I lent my car to a friend, who lent his own car to his wife due to taxi price hike. So it sort of gives him 6 months grace to hunt for another car... Of course, U have to make some agreement on the loan repayments, servicing, repairs, fuel, parking etc... During the period I'm away, he changed my tyres, sent for 40 000km servicing, pay for carpark charges, pay for all fines (pls car washing). I still pay the loan and insurance & road tax since it like him looking after the car for me.... Oh, back then my car is only 1yo so no point selling... Link to post Share on other sites More sharing options...
Doosan 1st Gear August 2, 2009 Share August 2, 2009 maybe u can park in a proper lot, get relative to come n to start the car every now n then oso drive ur family members out 1ce a while to pump up tyre pressure, washing of car, groomong, oso indirectly charging up the battery . wat sorts of saving r u talking abt for a short period of 6mths only ? Link to post Share on other sites More sharing options...
Enzomatrix 2nd Gear August 2, 2009 Share August 2, 2009 yea 6 months onli, if u sell it and wanna get a new car when u come back abit bo hua Link to post Share on other sites More sharing options...
Chickensoup 1st Gear August 2, 2009 Share August 2, 2009 On 8/2/2009 at 12:43 AM, Relentless said: Hope to get some advice from the bros and sistas, I'm posting overseas for about 6 mths from Oct 09 till April 10 for work. There's no one else in the family that can drive. Thinking of selling the car to save on the parking, road tax, insurance and DEPRECIATION. But the car is only about 2.5 years old!! Only the bright side, I'll breakeven comfortably (because I put quite a big downpayment then...). If I sell, i'll have to buy another car when I get back... What do you advise?? Sell/keep? I thought of renting out...but heard too much horror stories liao leh..... Its a 2007 Mazda3...if that matters :) THANKS!! Rent it out to someone whom you have some trust. Keep the car. Prices will be going up for the next 1 year. Link to post Share on other sites More sharing options...
Relentless Neutral Newbie August 2, 2009 Author Share August 2, 2009 hehehe.....I'm thinking of buying a second hand one when I come back.... really ah? 6mths no savings meh....i tot just parking and insurance...about 2k liao lo...=p my insurance expensive Link to post Share on other sites More sharing options...
Iisterry 3rd Gear August 2, 2009 Share August 2, 2009 (edited) You can also choose to lay up the vehicle temporarily for 6 months and "re-new" it when you come back. http://www.onemotoring.com.sg/publish/onem...ile.tmp/M05.pdf http://www.onemotoring.com.sg/publish/onem...cle/lay_up.html Quote Guidelines Make sure your applications are made before the road tax expires. The vehicle cannot be laid up for any period beyond the current COE expiry date if the COE renewal application is still pending cheque clearance. Lay-up will be granted for a period of one year at a time, up to a maximum of 3 successive years. You must also inform LTA of the place where your vehicle will be garaged during the entire period of lay-up. A vehicle which has been laid-up for 3 years in succession and has not been re-licensed will be automatically de-registered. If your car is less than 10 years old and has PARF, you may not want to do so as you will lose your PARF! Edited August 2, 2009 by Iisterry Link to post Share on other sites More sharing options...
Schneider79 Clutched August 2, 2009 Share August 2, 2009 Vehicles with PARF cannot lay-up.. They will lose the whole paper! Link to post Share on other sites More sharing options...
Iisterry 3rd Gear August 2, 2009 Share August 2, 2009 (edited) That's why I said "consider" and highlighted that sentence mah.. I know some people do actually drive their cars for 10 years. Albeit a rare species. Edited August 2, 2009 by Iisterry Link to post Share on other sites More sharing options...
Gendut 2nd Gear August 2, 2009 Share August 2, 2009 Same advise I've given previously: Convert it to OPC. You will gain $2200/yr at the end of 10 yrs. Come back, reconvert to normal. Minimal expenses incurred and you still have your car and more money when you scrap the car. Please also consider allother factors like insurance, parking, who will turn the engine occasionally, etc. Good luck. Link to post Share on other sites More sharing options...
Silver_blade Turbocharged August 2, 2009 Share August 2, 2009 If you intend to continue driving after your return and have no intention to buy a new car, just keep it lah. It's just 6 months. Just ask you parent to driving to the market, etc... Link to post Share on other sites More sharing options...
Benarsenal Turbocharged August 2, 2009 Share August 2, 2009 Just leave it with someone you can REALLY trust, and can drive. My bro is also leaving for six months for work soon. He would leave the car with us, but we already have two other vehicles. So he might lend it to a friend. Link to post Share on other sites More sharing options...
Mikeyeo Clutched August 2, 2009 Share August 2, 2009 On 8/2/2009 at 1:50 AM, Chickensoup said: Rent it out to someone whom you have some trust. Keep the car. Prices will be going up for the next 1 year. I agree with 'Chickensoup's suggestion that you rent it to someone that you trust and get them to pay for servicing, etc. To be on the safe side, may I further suggest that you inform your motor insurance company that you will be away for a period of time and have a 'relative' to take care of the car for you. Touch wood, should anything happens, your insurance company is fully informed of the above. Link to post Share on other sites More sharing options...
Limxiaoming 2nd Gear August 2, 2009 Share August 2, 2009 What U want to do with the cars many bros suggested to u already. But 1 thing for sure is that U will lose a lot if u sell it now and get a new one when u are back. Link to post Share on other sites More sharing options...
Ithunk 1st Gear August 2, 2009 Share August 2, 2009 jus keep it....if u sell a 1 yr old you will lose 10 to 15k... Link to post Share on other sites More sharing options...
Albeniz Turbocharged August 2, 2009 Share August 2, 2009 Quote hehehe.....I'm thinking of buying a second hand one when I come back.... really ah? 6mths no savings meh....i tot just parking and insurance...about 2k liao lo...=p my insurance expensive If you are already satisfied with your present car, it is better to keep it. The 2nd hand car you buy on your return may not be as good. To save on parking, you could arrange to park at your relatives' place if they happen to stay in a landed or private property. Link to post Share on other sites More sharing options...
Relentless Neutral Newbie August 2, 2009 Author Share August 2, 2009 bros, thanks for all the advice. I think i'll try and rent to a friend to take care of the care.... or else come back also headache again... THANKS!! Link to post Share on other sites More sharing options...
MiniEvoIX Neutral Newbie August 2, 2009 Share August 2, 2009 On 8/2/2009 at 12:43 AM, Relentless said: Hope to get some advice from the bros and sistas, I'm posting overseas for about 6 mths from Oct 09 till April 10 for work. There's no one else in the family that can drive. Thinking of selling the car to save on the parking, road tax, insurance and DEPRECIATION. But the car is only about 2.5 years old!! Only the bright side, I'll breakeven comfortably (because I put quite a big downpayment then...). If I sell, i'll have to buy another car when I get back... What do you advise?? Sell/keep? I thought of renting out...but heard too much horror stories liao leh..... Its a 2007 Mazda3...if that matters :) THANKS!! eh sounds like u from the NAVY! lol ↡ Advertisement Link to post Share on other sites More sharing options...
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