What make and model worth renew COE after 10 years

[Ct3833]

  On 5/5/2019 at 3:53 AM, Mkl22 said:

Then it must be proton or Perodua. Plenty of parts across the causeway and in RM$!

It is balanced of a few things like reliability, cost effectivnesse, spare parts , easy to repair etc.

[Vinceng]

  On 5/5/2019 at 4:27 AM, Ct3833 said:

It is balanced of a few things like reliability, cost effectivnesse, spare parts , easy to repair etc.

 

Spare parts for some conti makes like Mercedes E class W124, W211 and W212 can be cheaper than some Japanese makes. 

 

That's why you see many COE Mercedes running on the road as compared to the BMW 5 series E60 and F10.

[Ct3833]

  On 5/5/2019 at 4:41 AM, Vinceng said:

Spare parts for some conti makes like Mercedes E class W124, W211 and W212 can be cheaper than some Japanese makes.

 

That's why you see many COE Mercedes running on the road as compared to the BMW 5 series E60 and F10.

Me one of them..haha

[Evillusion]

  On 5/5/2019 at 3:53 AM, Mkl22 said:

Then it must be proton or Perodua. Plenty of parts across the causeway and in RM$!

Jap cars also have plenty of spare parts........

[Volvobrick]

  On 4/20/2019 at 6:15 AM, Hamburger said:

Aiyo I am prepared to renew mine come july 2010 at Coe no more than 40k.

 

Seems like it is gonna be dashed.

Mine due June 20, but I renewed last month... I think by mid next year renewal will be 50 - 60k (Cat ) instead of the 35.5k I paid.

[Hamburger]

  On 5/5/2019 at 4:41 AM, Vinceng said:

Spare parts for some conti makes like Mercedes E class W124, W211 and W212 can be cheaper than some Japanese makes.

 

That's why you see many COE Mercedes running on the road as compared to the BMW 5 series E60 and F10.

I owned few series and I can tell you most Beemer parts are not expensive.

[Vinceng]

  On 5/5/2019 at 7:01 AM, Hamburger said:

I owned few series and I can tell you most Beemer parts are not expensive.

Surprised to hear that.

 

Probably the stubborn electronics that are the key issues ?

Edited May 5, 2019 by Vinceng

[Ct3833]

  On 5/5/2019 at 4:41 AM, Vinceng said:

Spare parts for some conti makes like Mercedes E class W124, W211 and W212 can be cheaper than some Japanese makes.

 

That's why you see many COE Mercedes running on the road as compared to the BMW 5 series E60 and F10.

The other thing is one can search for specific Mercedes fault and repair in the internet, but it is not easy to find similar for Japanese makes because the local models here may not be the same as those of Europe and surely , not US.

[Hamburger]

  On 5/5/2019 at 8:37 AM, Vinceng said:

Surprised to hear that.

 

Probably the stubborn electronics that are the key issues ?

Other than the gaskets, the electronics are the least of your concern.

[Ct3833]

  On 5/5/2019 at 9:43 AM, Hamburger said:

Other than the gaskets, the electronics are the least of your concern.

If gasket is a known problem ,I would rather replace it proactively ahead regularly, hopefully we are taking about a few years of life span.

[Duststorm]

  On 5/3/2019 at 3:44 AM, Vinceng said:

Brands like Chevrolet, Chrysler, Fiat, and certain models like the Ford Focus are no longer selling brand new in Singapore, so spare parts availability may be a little challenge.

 

In terms of annual depreciation, the annual dep of a popular COE car like the Mitsubishi Lancer, Nissan Latio/Sylphy, Honda City, Toyota Vios are similar to the Optra at about $4K per annum.

 

Many of these 2009 cars have a few months to go before scrap and dealers advertise the price with 5 yr COE (they have not renewed COE - advertised with 5 yr COE as lower price makes it easier to sell but annual dep is higher).

 

You can offer to buy with 10 year COE and top up an additional $14K (Cat A PQP is $28K - rounded off for easy calculation - actual amount is $27,886).

 

These are safe buys, because in the worst case scenario if the car turns out to be a lemon and you feel repair costs are not worth it, you can still scrap the car and get back the pro rated COE ($28K PQP) and the scrap value should you make your decision before its 120th month (10th year). At most you lose a few thousand dollars (dealer's marked up price from paper value that you purchased).

 

You can tell the profit margin by taking the paper value (50% x OMV) which ranges from $7K to $9K, add the current Cat A PQP $28K and you will know the cost of the car to the dealer.

 

Most important thing to consider when purchasing a COE car is the availability of spare parts.

 

Good luck in your search.

thanks for advice... will look at other safer brands... 

[Sunset73]

  On 5/6/2019 at 3:42 AM, Duststorm said:

thanks for advice... will look at other safer brands... 

 

If you want cheap and no frills transport, I present to you......... Toyota Vios Manual.

Renewing that car lose minimum money because the scrap value is low anyway.

 

And it is a workhorse. Reliable and fun to drive with the 5 speed manual gearbox.

[Duststorm]

  On 5/6/2019 at 7:15 AM, Sunset73 said:

If you want cheap and no frills transport, I present to you......... Toyota Vios Manual.

Renewing that car lose minimum money because the scrap value is low anyway.

 

And it is a workhorse. Reliable and fun to drive with the 5 speed manual gearbox.

haha... i'm a one legged driver (3A only).. somehow i dun like the position of the meters at the center...

[Volvobrick]

  On 5/6/2019 at 7:15 AM, Sunset73 said:

If you want cheap and no frills transport, I present to you......... Toyota Vios Manual.

Renewing that car lose minimum money because the scrap value is low anyway.

 

And it is a workhorse. Reliable and fun to drive with the 5 speed manual gearbox.

 

You must be Scotty Kilmer....

[Sunset73]

  On 5/6/2019 at 7:19 AM, Duststorm said:

haha... i'm a one legged driver (3A only).. somehow i dun like the position of the meters at the center...

 

It just takes getting used to. It's nice to drive. So light and floats while you drive >130km/h on NSH 

[Newsman]

  On 11/2/2014 at 6:12 AM, Maskedrider said:

Coe has been on hovering 70k plus and nobody know when it will drop and new car and used car (2L and above) price is still very expensive to certain people even for 2L and below

for those who currently own a car now and the coe going to expire soon and caught in the middle of buying new or used car

but if the currently own car (2L and above) is in good condition and have been service regularly, will be make sense to renew it if just paying 70k plus for the next 10 years as the new/ used car depreciation is above 10k and above for a 2L car

 

 

 

a Friend just trade in his Elantra for $47,000 after buying @ $88K & drove 85,000Km over 3 yrs.  His New Elantra COE $25k & on the Road $69K.  He got this New Car with just $7K top up. Old Finance Company loan was 4%.  New Bank loan onl;y 2.2%.  He is Happy

[VictorTQT]

  On 5/7/2019 at 4:16 PM, Newsman said:

a Friend just trade in his Elantra for $47,000 after buying @ $88K & drove 85,000Km over 3 yrs. His New Elantra COE $25k & on the Road $69K. He got this New Car with just $7K top up. Old Finance Company loan was 4%. New Bank loan onl;y 2.2%. He is Happy

Congratulations to your friend. He has made a very wise and smart decision.

[Optramagnum]

  On 5/3/2019 at 3:00 AM, Duststorm said:

is Chevrolet Optra Magnum COE car worth considering?

 

 

thanks in advance

I'm driving 2008 Optra Magnum. After owning it for 6yrs,I know its condition well so decided to renew for another 10yrs.

 

Having said that, I doubt it can last that long, most probably will scrap it when it is finally beyond economical repair or no spare part available.