Wuga98 Neutral Newbie March 21, 2011 Share March 21, 2011 car coming to 10 yrs in June 2011, if i failed to get a new 10 yrs COE by then, what will happen to the car? Can i still keep it and keep trying to get a COE? ↡ Advertisement Link to post Share on other sites More sharing options...
Observer 4th Gear March 21, 2011 Share March 21, 2011 at the rate COE is going, unless its something really BANG if not, difficult to justify Link to post Share on other sites More sharing options...
Happily1986 5th Gear March 21, 2011 Share March 21, 2011 worth it or not? COE car. What is your annual depreciation that you can stomach? Assuming you got lucky and got COE at 40k means annual dep is around 4k per annum. But for COE car wu hua boh? I think maybe not. Link to post Share on other sites More sharing options...
PPeripheraL Clutched March 21, 2011 Share March 21, 2011 worth it or not? COE car. What is your annual depreciation that you can stomach? Assuming you got lucky and got COE at 40k means annual dep is around 4k per annum. But for COE car wu hua boh? I think maybe not. true. but if he wants to keep his ride and can't afford to get a new car this would be a good option. unless get a 2nd hand car with >5 years left Link to post Share on other sites More sharing options...
Mockngbrd Supersonic March 21, 2011 Share March 21, 2011 car coming to 10 yrs in June 2011, if i failed to get a new 10 yrs COE by then, what will happen to the car? Can i still keep it and keep trying to get a COE? no, its byebye car Link to post Share on other sites More sharing options...
Rubbishman 1st Gear March 21, 2011 Share March 21, 2011 Its not worthy at all to renew your COE at all. At the same time, you also have to fork out more for your maintenance. You next best alternative is to get a used car with about 4-5 years left to help you tide over until new cars become affordable again. Link to post Share on other sites More sharing options...
PPeripheraL Clutched March 21, 2011 Share March 21, 2011 Its not worthy at all to renew your COE at all. At the same time, you also have to fork out more for your maintenance. You next best alternative is to get a used car with about 4-5 years left to help you tide over until new cars become affordable again. yeah get a 2nd hand car no bad also but might have maintenance problem as well. if he likes his current ride why not and he would have extra money since he paid off installment of the car. whereas 2nd hand car can't. Link to post Share on other sites More sharing options...
Good-Carbuyer 1st Gear March 21, 2011 Share March 21, 2011 car coming to 10 yrs in June 2011, if i failed to get a new 10 yrs COE by then, what will happen to the car? Can i still keep it and keep trying to get a COE? Get new car, COE=? Renew COE, QP=? Get used car=? You find out and decide yourself Link to post Share on other sites More sharing options...
13177 Hypersonic March 22, 2011 Share March 22, 2011 (edited) If you didn't get a new COE for your 10 yr old car, then your car will have to be scrap! Now COE so ex, no point getting the COE to renew your car. I think you should rather get a 2nd hand car if you cannot afford to buy brand new. Edited March 22, 2011 by 13177 Link to post Share on other sites More sharing options...
Dragonl 1st Gear March 22, 2011 Share March 22, 2011 Sigh..... The cycle of pay and pay goes all over again. Buy a 2nd merc next time, see ppl drive more than 10 years..... I thin I see the old swift being driven around still.... Link to post Share on other sites More sharing options...
Watwheels Supersonic March 22, 2011 Share March 22, 2011 Another option is to get the 5 year coe http://www.onemotoring.com.sg/publish/onem...hicle/coe1.html This makes more sense as 5-year coe you pay 50% of the PQP instead of a 10-year coe. At the same time it buys you time to shop for your next car hopefully by then the coe has dropped(I'm being optimistic). Who knows within these 5 years, you might strike 4D/Toto, de-register your old car and get new car. But the no good thing is you die die must de-register your old car when the 5 year is up. The decision is yours to make, I'm only giving you a suggestion. Link to post Share on other sites More sharing options...
Mkl22 Supersonic March 22, 2011 Share March 22, 2011 Another option is to get the 5 year coe http://www.onemotoring.com.sg/publish/onem...hicle/coe1.html This makes more sense as 5-year coe you pay 50% of the PQP instead of a 10-year coe. At the same time it buys you time to shop for your next car hopefully by then the coe has dropped(I'm being optimistic). Who knows within these 5 years, you might strike 4D/Toto, de-register your old car and get new car. But the no good thing is you die die must de-register your old car when the 5 year is up. The decision is yours to make, I'm only giving you a suggestion. if got the money, might as well pay for 10years. cause you can always sell or deregister and get your money back. 5yr COE is a death sentence. after 5yrs is up must scrap. Link to post Share on other sites More sharing options...
Dafansu Turbocharged March 22, 2011 Share March 22, 2011 Another option is to get the 5 year coe http://www.onemotoring.com.sg/publish/onem...hicle/coe1.html This makes more sense as 5-year coe you pay 50% of the PQP instead of a 10-year coe. At the same time it buys you time to shop for your next car hopefully by then the coe has dropped(I'm being optimistic). Who knows within these 5 years, you might strike 4D/Toto, de-register your old car and get new car. But the no good thing is you die die must de-register your old car when the 5 year is up. The decision is yours to make, I'm only giving you a suggestion. I think it's more worth it to get 5 years, considering the interest amount will be lesser? Link to post Share on other sites More sharing options...
Kangadrool Supersonic March 22, 2011 Share March 22, 2011 If at the 5th year, the PQP is $2, then you squeeze balls, die cxxk stand if you just renew for 5 years and car still running like a gem. Link to post Share on other sites More sharing options...
Watwheels Supersonic March 22, 2011 Share March 22, 2011 I think it's more worth it to get 5 years, considering the interest amount will be lesser? Something like that. If TS is cash strap and dun wanna take loan, he will just have to come up with less money up front compared to a 10-year coe. He just have to weigh the pros and cons on his own. The system won't give him the chance of win-win. He gotto give and take. Link to post Share on other sites More sharing options...
Watwheels Supersonic March 22, 2011 Share March 22, 2011 If at the 5th year, the PQP is $2, then you squeeze balls, die cxxk stand if you just renew for 5 years and car still running like a gem. That's where I laugh at you for not reading what's stated in onemotoring.com Link to post Share on other sites More sharing options...
Hermitage 1st Gear March 22, 2011 Share March 22, 2011 car coming to 10 yrs in June 2011, if i failed to get a new 10 yrs COE by then, what will happen to the car? Can i still keep it and keep trying to get a COE? Hey, I'm all for giving cars a new lease of life and maintaining modern classics on our roads. However, that's only if you really really like the car, and it has the potential to become a classic without coming apart at the seams! If you absolutely need a car for daily use and travel around alot, then it's not quite feasible to do so in a classic. Old cars are lovely, however, prolems aplenty and one must have lots of patience, in addition to actually enjoying the frequent trips to the workshop. But your car 10 years only should be not so much problem lah... Link to post Share on other sites More sharing options...
Watwheels Supersonic March 22, 2011 Share March 22, 2011 if got the money, might as well pay for 10years. cause you can always sell or deregister and get your money back. 5yr COE is a death sentence. after 5yrs is up must scrap. For the 5-year coe you can also sell or de-register and get your money back. The issue is whether he's taking loan to renew the coe. If he already taken up loan to pay to renew coe and he sees the opportunity to change car after that and take up another loan or do an early redemption(pay penalty) is also LPPL what. ↡ Advertisement Link to post Share on other sites More sharing options...
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