My dream car many many years ago

[Sugar]

http://www.sgcarmart.com/used_cars/info.ph...979&DL=1000

 

How does it work?

The COE will expire next month. So when that time comes, will it get scrapped if there are no takers till then?

 

Also, does it mean that the body value is around 60k?

[Galantspeedz]

http://www.sgcarmart.com/used_cars/info.ph...979&DL=1000

 

How does it work?

The COE will expire next month. So when that time comes, will it get scrapped if there are no takers till then?

 

Also, does it mean that the body value is around 60k?

 

you get nothing back.. it has been renewed before therefore there is no PARF value.

 

means you buy at 60k, next month COE expire, if you scrap, you lose your 60k.

 

if you renew COE, you need to pay another PQP estimated 90k, therefore your total cost of driving the car is 60k+90k = 150k for 10 yrs

Edited January 4, 2013 by Galantspeedz

[Beehive3783]

http://www.sgcarmart.com/used_cars/info.ph...979&DL=1000

 

How does it work?

The COE will expire next month. So when that time comes, will it get scrapped if there are no takers till then?

 

Also, does it mean that the body value is around 60k?

Front bumper looks weird. Accident car?

[Sugar]

you get nothing back.. it has been renewed before therefore there is no PARF value.

 

means you buy at 60k, next month COE expire, if you scrap, you lose your 60k.

 

if you renew COE, you need to pay another PQP estimated 90k, therefore your total cost of driving the car is 60k+90k = 150k for 10 yrs

 

So assuming i am a interested buyer, can i wait till 1 day after the COE expire then i decide to buy?

[Galantspeedz]

So assuming i am a interested buyer, can i wait till 1 day after the COE expire then i decide to buy?

 

not sure about that... but even if you wait 1 day... will the seller lower his price?

 

 

[Newdrive]

buy and dun drive

[inlinesix]

So assuming i am a interested buyer, can i wait till 1 day after the COE expire then i decide to buy?

Once COE expire, no chance to renew.

 

[Sugar]

Once COE expire, no chance to renew.

 

So if the current owner has no intention to renew COE,

 

then am i right to say he is left with the following options?

 

1) scrap the car - get back very little money

2) export the car - roughly how much will he get?

3) drop his sale price to very low in hope that someone will buy

[Akula]

So assuming i am a interested buyer, can i wait till 1 day after the COE expire then i decide to buy?

 

Think better to give urself a bit more buffer for the paperwork etc....

 

1 to 2 weeks before COE expiry preferred.

[Mockngbrd]

this one sure go scrap liao. who will renew it at 90k? 60k selling price is dreaming.

[Jman888]

Depreciation $720,000 / year

:blink:

[Old-driver]

Depreciation $720,000 / year

:blink:

Thats because it automatically computes that 1 month dep is 60k hence 720k pa LOL