Crazecow Neutral Newbie December 2, 2010 Share December 2, 2010 I can't decide whether I should keep my car past the 20th yr mark. Cause I have spending some money to slowly restore it and replace worn out parts. However, if its not worth keeping, then I should just spend as little as possible to maintain it and scrap when coe expires...... Its a tough question. As for what car I am thinking about, it would be a 2nd hand Tom yam Camry. ↡ Advertisement Link to post Share on other sites More sharing options...
Branteo Clutched December 2, 2010 Share December 2, 2010 It'll assist immensely if you can furnish more information on the said ride. Link to post Share on other sites More sharing options...
Latka 1st Gear December 2, 2010 Share December 2, 2010 If u are happy wif yr ride, which I think u are since u do spend on restoring it, don't mind paying the extra road tax and comfortable buying 3rd party insurance only, why not? Link to post Share on other sites More sharing options...
DennisWong Neutral Newbie May 16, 2014 Share May 16, 2014 I'm also having the same dilemma - whether to renew COE or buy new car. I currently own a Honda Jazz. COE expires in Mar 2015. Condition of my car pretty decent, except the gearbox got jerking/shuddering problem. Mileage 132,000km I'm thinking of renewing COE, because I need to top-up to get a new car. But I'm also skeptical of the "hidden" costs of owning a 10(+)-year-old entry-level Japanese car, where things may start to fall apart. Please advise. Link to post Share on other sites More sharing options...
Duckduck Turbocharged May 16, 2014 Share May 16, 2014 (edited) I'm also having the same dilemma - whether to renew COE or buy new car. I currently own a Honda Jazz. COE expires in Mar 2015. Condition of my car pretty decent, except the gearbox got jerking/shuddering problem. Mileage 132,000km I'm thinking of renewing COE, because I need to top-up to get a new car. But I'm also skeptical of the "hidden" costs of owning a 10(+)-year-old entry-level Japanese car, where things may start to fall apart. Please advise. u wanna spend 60-70K to renew? prees can buy new jepun car abt 100K lor no brainer... scrap scrap scrap! unless u take cahnce that by mar 2015 coe drop to 30k then mayb can consider Edited May 16, 2014 by Duckduck Link to post Share on other sites More sharing options...
DennisWong Neutral Newbie May 16, 2014 Share May 16, 2014 u wanna spend 60-70K to renew? prees can buy new jepun car abt 100K lor no brainer... scrap scrap scrap! unless u take cahnce that by mar 2015 coe drop to 30k then mayb can consider Assuming that COE still never drop by then... 60k. Wouldn't it be cheaper to renew? Because I still have to fork out (top-up) another 30-40k for new jepun car... Link to post Share on other sites More sharing options...
Acemundo Supercharged May 16, 2014 Share May 16, 2014 (edited) I think if you can drive your car another cycle of 10 years it is definitely worth it. 5 years is marginal case. but you will be in best position to assess how much longer it can last. I'm also having the same dilemma - whether to renew COE or buy new car.I currently own a Honda Jazz. COE expires in Mar 2015.Condition of my carpretty decent, except the gearbox got jerking/shuddering problem. Mileage 132,000kmI'm thinking of renewing COE, because I need to top-up to get a new car.My view is that if the car can last a full 10 years second cycle it is definitely worth it. If last five years, nit really worth it. You will be in better position than us to decide how long it can lastBut I'm also skeptical of the "hidden" costs of owning a 10(+)-year-old entry-level Japanese car, where things may start to fall apart.Please advise. Edited May 16, 2014 by Acemundo Link to post Share on other sites More sharing options...
Ktglfc Hypersonic May 16, 2014 Share May 16, 2014 Assuming that COE still never drop by then... 60k. Wouldn't it be cheaper to renew? Because I still have to fork out (top-up) another 30-40k for new jepun car... If you think that your car can still drive another 5 years, and you don't have that much cash on hand, then renew. Never go against your pocket. Link to post Share on other sites More sharing options...
Baal Supersonic May 16, 2014 Share May 16, 2014 I'm also having the same dilemma - whether to renew COE or buy new car. I currently own a Honda Jazz. COE expires in Mar 2015. Condition of my car pretty decent, except the gearbox got jerking/shuddering problem. Mileage 132,000km I'm thinking of renewing COE, because I need to top-up to get a new car. But I'm also skeptical of the "hidden" costs of owning a 10(+)-year-old entry-level Japanese car, where things may start to fall apart. Please advise. I would wait till Mar 2015 in the hope of 40-50k coe for PQP. - ur mileage is fairly low - CVT full rebuild should be ~3k - Parf loss around 7-8k ? Link to post Share on other sites More sharing options...
Amazon777 3rd Gear May 16, 2014 Share May 16, 2014 (edited) I'm also having the same dilemma - whether to renew COE or buy new car. I currently own a Honda Jazz. COE expires in Mar 2015. Condition of my car pretty decent, except the gearbox got jerking/shuddering problem. Mileage 132,000km I'm thinking of renewing COE, because I need to top-up to get a new car. But I'm also skeptical of the "hidden" costs of owning a 10(+)-year-old entry-level Japanese car, where things may start to fall apart. Please advise. Say assume you Assume PQP is $50k next year and you renew COE, depreciate $6.3k per year. Suggest u buy another 7 to 8yrs old car to tie will be better alternative. With so many people going to buy new cars from next year, there will be a lot of used cars in the market then Edited May 16, 2014 by Amazon777 Link to post Share on other sites More sharing options...
DennisWong Neutral Newbie May 16, 2014 Share May 16, 2014 I would wait till Mar 2015 in the hope of 40-50k coe for PQP. - ur mileage is fairly low - CVT full rebuild should be ~3k - Parf loss around 7-8k ? Yes, the PARF loss is around 7-8k (which I can use to trade in (offset), right?) And yes, the CVT rebuild is about S$3k. (Is there a good/reliable workshop to do this?) -> I've got this in another post.... Link to post Share on other sites More sharing options...
Baal Supersonic May 16, 2014 Share May 16, 2014 Yes, the PARF loss is around 7-8k (which I can use to trade in (offset), right?) And yes, the CVT rebuild is about S$3k. (Is there a good/reliable workshop to do this?) -> I've got this in another post.... If buying from 2nd hand dealer, I believe can. As for good reliable (honest) ws, i would refrain from making recommendations as I am not confidant on this. Sorry. PS : sounds like u only have yr CVT to fix and u car is in fairly good health? This may not apply if u take the 2nd hand dealer route. Link to post Share on other sites More sharing options...
Picanto 3rd Gear May 16, 2014 Share May 16, 2014 7 to 8 yr old cars are highly marked up by dealers. in short, its damm expensive and you do not know whether its in the lemon category. since the honda is in quite good condition, makes more sense to renew coe Say assume youAssume PQP is $50k next year and you renew COE, depreciate $6.3k per year. Suggest u buy another 7 to 8yrs old car to tie will be better alternative. With so many people going to buy new cars from next year, there will be a lot of used cars in the market then 70k and 100k is a lot of difference u wanna spend 60-70K to renew? prees can buy new jepun car abt 100K lor no brainer... scrap scrap scrap! unless u take cahnce that by mar 2015 coe drop to 30k then mayb can consider Link to post Share on other sites More sharing options...
Enye Hypersonic May 16, 2014 Share May 16, 2014 Yes, the PARF loss is around 7-8k (which I can use to trade in (offset), right?) And yes, the CVT rebuild is about S$3k. (Is there a good/reliable workshop to do this?) -> I've got this in another post.... juddering CVT problem inherent to Jazz/Fit and the ES Civic you will have to live with it throughout the entire lifespan of the car no need to rebuild the transmission. just change start clutch. estimated cost is <1k at KAH motor Link to post Share on other sites More sharing options...
Kenken 1st Gear May 16, 2014 Share May 16, 2014 Me too, transmission problem Malaysia quoted 6000rm. Less 2 years.now every 2 days erase code. Link to post Share on other sites More sharing options...
Baal Supersonic May 16, 2014 Share May 16, 2014 juddering CVT problem inherent to Jazz/Fit and the ES Civic you will have to live with it throughout the entire lifespan of the car no need to rebuild the transmission. just change start clutch. estimated cost is <1k at KAH motor usually whats the average lifespan of the starter clutch b4 juddering sets in? Link to post Share on other sites More sharing options...
Dafansu Turbocharged May 16, 2014 Share May 16, 2014 Renewal of COE can take loan ? Link to post Share on other sites More sharing options...
Enye Hypersonic May 16, 2014 Share May 16, 2014 usually whats the average lifespan of the starter clutch b4 juddering sets in? no fixed... tikam tikam but well known problem in KAH motors for that generation new Ody no longer using that start clutch according to SE CVT with torque converter ↡ Advertisement Link to post Share on other sites More sharing options...
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