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Financing for COE re-newed vehicle


Tjy
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Try not to buy a COE car unless you are paying for it in full.

 

a COE car (unless it is a sports car) is generally worthless except for Paper which is only COE.

If you borrow to buy a car like that, you not only pay higher interest, you hold higher risk.

 

The whole equation generally works against you.

 

 

ya.....but some people just dun have the cash, yet want a car

what to do? take a loan lor............

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Intend to buy a pre-own car which is registered in 2000 Nov. Owner has already renewed the COE last yr till 2019. Understood that banks don't really finance COE cars. In this situation, anyone has any reccomendations on where I should approach to get a loan if I would like to proceed with the purchase.

 

THanks alot in advance

Hope you not buying a brand/model with the manufacturer already closed down (can be your next big problem)

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Neutral Newbie

ya.....but some people just dun have the cash, yet want a car

what to do? take a loan lor............

 

bro, i believe you are putting a very general statement in here... to be serious, some COE cars are in fact priced higher than most PARF vehicles. that is because we are willing to pay a premium for some of these cars. i was in fact considering an audi a4 b7series, and e46.. but at the end of the day, being a bmw e36, z3 owner in the past. An audi a4b7 is in the range of 70k to 80k for a 2005 registered vehicle, and a e46 COE is in the range of 55k . Pricings of such cars can in fact be compared to some Brand new Jap/ korean cars..

 

if u were to ask me to come out 55k cash to purchase a car, i would not even consider. i will definately be looking at loan options and put the rest of the money into proper usage for investments.

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bro, i believe you are putting a very general statement in here... to be serious, some COE cars are in fact priced higher than most PARF vehicles. that is because we are willing to pay a premium for some of these cars. i was in fact considering an audi a4 b7series, and e46.. but at the end of the day, being a bmw e36, z3 owner in the past. An audi a4b7 is in the range of 70k to 80k for a 2005 registered vehicle, and a e46 COE is in the range of 55k . Pricings of such cars can in fact be compared to some Brand new Jap/ korean cars..

 

if u were to ask me to come out 55k cash to purchase a car, i would not even consider. i will definately be looking at loan options and put the rest of the money into proper usage for investments.

 

put $ into investment? easy to say but not easy to make $$.

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ya.....but some people just dun have the cash, yet want a car

what to do? take a loan lor............

 

dont have cash yet want car?

then something may have to give in that process.

cant have your cake and eat it

be careful that it is not something more valuable than the car itself.

 

I know too many who bought cars and found themselves impossible to get rid of the cars becos they would have to lose big time.

in the end, they continue to throw money into financing the car becos that is the only way they can survive.

yet, they feel so painful driving becos, ERP, parking, petrol etc have all gone up over the years.

 

 

 

 

 

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Neutral Newbie

put $ into investment? easy to say but not easy to make $$.

 

i believe this statement might seriously apply to u ? investments does not equates to 100% guranteed returns, but with proper investments done, i believe that this sum of money should appreciate. and in fact, appreciation might be more than the 1.99% interest rate for car loan. if this is the case, wouldn't it be better to be investing?

 

and honestly, as i am in the real estate investment line, out of 10 smart investors, all 10 will take loan to financce their investments, although they have the cash to fully pay for it.. reason ? use your brain and think...

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the case of needing to top up a lot of money to clear the bank loan on the car,

 

isn't that the same thing that happened in Money No Enough???

 

Jack Ne@ had to sell hish BMW 7-Series with top up just to get rid of the car ain't it???

 

that's the problem with COE lor....

 

but then again, there're always opportunists in buying cars....

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i believe this statement might seriously apply to u ? investments does not equates to 100% guranteed returns, but with proper investments done, i believe that this sum of money should appreciate. and in fact, appreciation might be more than the 1.99% interest rate for car loan. if this is the case, wouldn't it be better to be investing?

 

and honestly, as i am in the real estate investment line, out of 10 smart investors, all 10 will take loan to financce their investments, although they have the cash to fully pay for it.. reason ? use your brain and think...

 

 

wow, which property did you develop?

 

 

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dont have cash yet want car?

then something may have to give in that process.

cant have your cake and eat it

be careful that it is not something more valuable than the car itself.

 

I know too many who bought cars and found themselves impossible to get rid of the cars becos they would have to lose big time.

in the end, they continue to throw money into financing the car becos that is the only way they can survive.

yet, they feel so painful driving becos, ERP, parking, petrol etc have all gone up over the years.

 

 

thats where the in house finance from dealers come in. they are willing to lend to those who earn less than 30k a year

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i believe this statement might seriously apply to u ? investments does not equates to 100% guranteed returns, but with proper investments done, i believe that this sum of money should appreciate. and in fact, appreciation might be more than the 1.99% interest rate for car loan. if this is the case, wouldn't it be better to be investing?

 

and honestly, as i am in the real estate investment line, out of 10 smart investors, all 10 will take loan to financce their investments, although they have the cash to fully pay for it.. reason ? use your brain and think...

 

 

i have make lots of $$ from investing. can't speak the same for others

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