Jump to content

Good time to buy m sell

Woofie

By Woofie,
in General Car Discussion

 Share

Recommended Posts

Woofie

Woofie

Neutral Newbie

Due to the hype of the recent COE... Is it a good time to buy a brand new car now? Will prices be better next yr??

 

Would I get a good price selling as well?

 

Any advise??

↡ Advertisement
Link to post
Share on other sites
Hosaybo

Hosaybo

6th Gear

If you have the money to burn, by all means carry on. I dun think anyone sensible wil buy a car hoping that the price will go up due to coe going higher nd then sell it.

Link to post
Share on other sites
Celine_BMW

Celine_BMW

Neutral Newbie
  On 10/16/2010 at 10:54 PM, Woofie said:

Due to the hype of the recent COE... Is it a good time to buy a brand new car now? Will prices be better next yr??

 

Would I get a good price selling as well?

 

Any advise??

 

dun think is a good time...

maybe next year 2011...

 

<_<<_<

Link to post
Share on other sites
Ebert

Ebert

Neutral Newbie

not to be cynical

only god knows

 

anybody giving u advice is just guessing

 

the truth of the matter is largely depends on you and your needs

Link to post
Share on other sites
Vid

Vid

Hypersonic

A good time is when you have the means to finance a new car. A bad time is when you cannot afford a new car.

Link to post
Share on other sites
Little_prince

Little_prince

Supersonic

LPPL....

 

sell high. buy high. unless you sell and don't buy.

 

but even if you sell now. assuming you took long loan, you still have to pay of penalty ... also wun earn might have to cough out even more

Link to post
Share on other sites
Icedbs

Icedbs

Turbocharged
  On 10/16/2010 at 10:54 PM, Woofie said:

Due to the hype of the recent COE... Is it a good time to buy a brand new car now? Will prices be better next yr??

 

Would I get a good price selling as well?

 

Any advise??

 

 

Buy used car better. Although you are still paying higher, but at least more affordable.

 

In current situation, it's better to let others take the first depreciation hit.

Link to post
Share on other sites
Vega

Vega

Turbocharged

if i am not wrong, 80% of the car population is <5 yr old. COE should start dropping by yr 2013 as more cars will be scrape by that time and more COE will be recycle back into the sys.

Link to post
Share on other sites
Aaronlkl

Aaronlkl

Supersonic
(edited)
  On 10/17/2010 at 9:21 AM, Vega said:

if i am not wrong, 80% of the car population is <5 yr old. COE should start dropping by yr 2013 as more cars will be scrape by that time and more COE will be recycle back into the sys.

 

I shared the same sentiment.

Edited by Aaronlkl
Link to post
Share on other sites
Aaronlkl

Aaronlkl

Supersonic
(edited)

From 2005 onwards is where COE is lower. Keep ur present ride, buy used cars or "tahan" until 2015 at least for cheap COE.. Don't expect COE premium to come down anytime soon.

Edited by Aaronlkl
Link to post
Share on other sites
Mini-itx2010

Mini-itx2010

Neutral Newbie

Nope, I personally its worth buying car when COE is high. Eg 40K COE, this means 4K a year. Whether you drive or not, you lose 4K a year just on COE (have yet to include body depreciation).

 

Buy high price, sell high price. But there is a problem with this.... If COE drops, new car prices will drop as well. Then you will have a problem selling your car. Remember back then when COE drops till $2? A band new car cost even less than a 2nd hand car......

Link to post
Share on other sites
D3badge

D3badge

6th Gear
  On 10/17/2010 at 2:14 AM, Ebert said:

not to be cynical

only god knows

 

anybody giving u advice is just guessing

 

the truth of the matter is largely depends on you and your needs

 

agree if you look last year thread or 2008 thread some people always say cars are too expensive now than..... COE hit above $40,000 [laugh]

 

there is talk government might still wanna reduce COE quote, if it really happen I guess car price still will be high as last 10 years many people have grown very rich

Link to post
Share on other sites
Hoppie24

Hoppie24

1st Gear
  On 10/17/2010 at 2:17 AM, Ultramega said:

When COE was 10k, u never ask. Now 40k then u ask... :blink:

Good times are over.

 

hurhurhur, yeah i bought a brand new car when COE was 3k, got a free ride for 1.5years, just sold off ;)

Link to post
Share on other sites
Dadiao

Dadiao

1st Gear
  On 10/17/2010 at 10:04 AM, Hoppie24 said:

hurhurhur, yeah i bought a brand new car when COE was 3k, got a free ride for 1.5years, just sold off ;)

 

Really ... That's cool !

 

Any future plans of another ownership ?

Link to post
Share on other sites
Edwardthy

Edwardthy

1st Gear
  On 10/17/2010 at 9:48 AM, Mini-itx2010 said:

Nope, I personally its worth buying car when COE is high. Eg 40K COE, this means 4K a year. Whether you drive or not, you lose 4K a year just on COE (have yet to include body depreciation).

 

Buy high price, sell high price. But there is a problem with this.... If COE drops, new car prices will drop as well. Then you will have a problem selling your car. Remember back then when COE drops till $2? A band new car cost even less than a 2nd hand car......

 

u sound like picanto to me..

↡ Advertisement
Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share
Go to topic listing
×
×
  • Create New...