Car reaching 10yr in Oct, replace now or wait?

[Atonchia]

So is getting a 4-5 year old car sensible?

Sell away 2-3 years later.

Current car 8yrs plus.

 

Wife gotten licence recently, most probably get a sedan so can let her drive a couple of years before getting an SUV.

[Simpleonly]

  On 3/23/2015 at 12:45 PM, Atonchia said:

So is getting a 4-5 year old car sensible?

Sell away 2-3 years later.

Current car 8yrs plus.

 

Wife gotten licence recently, most probably get a sedan so can let her drive a couple of years before getting an SUV.

 

do you have a need to change car now?

As you still have 1yrs plus to think about it :)

[Atonchia]

  On 3/23/2015 at 2:42 PM, Simpleonly said:

 

do you have a need to change car now?

As you still have 1yrs plus to think about it :)

 

My car is manual, wife licence is auto

But no urgent need to change.

[titarium]

Those who can wait better wait , observe May & July trend .

 

May COE likely to maintain

 

Assuming last weekend till next COE bidding all dealer Island wide receive no booking , the demand will still able to cover supply of COE for next bidding -> this is how strong the current demand is

 

2 major push factor will hold the current or make it higher :

1) CEV revision in July most car will increase 5 - 10 k

2) Deregistration > COE Supply

 

First observation point will be May next would be July .

[LoverofCar]

To me is simple. Scrap the car. Go for car lease of 1 year. Every year...you get to change Car. And the best ..you keep the cash in your pocket or for other investment. ..you have short commitment. .this will be the only car ownership model that make sense in this country. COE to drop...quite unlikely..gahment is targeting zero car growth rate. One to one replacement of the car population. .so is just who have the deepest pocket..dropping 2 to 5K makes no different. ...unless you are one of them..for COE to drop to a level that affect the car price greatly is quite unlikely...

Edited March 23, 2015 by LoverofCar

[rocknroll]

  On 3/23/2015 at 11:06 PM, LoverofCar said:

To me is simple. Scrap the car. Go for car lease of 1 year. Every year...you get to change Car. And the best ..you keep the cash in your pocket or for other investment. ..you have short commitment. .this will be the only car ownership model that make sense in this country. COE to drop...quite unlikely..gahment is targeting zero car growth rate. One to one replacement of the car population. .so is just who have the deepest pocket..dropping 2 to 5K makes no different. ...unless you are one of them..for COE to drop to a level that affect the car price greatly is quite unlikely...

 

That's interesting. But assuming my budget is $2K a month, what's the car that I can get on a lease?

 

Keep in mind that $2K a month is $240K over 10 years, which is about the price of BM 5 series, or the Merc E-Class. Let's not consider insurance and road tax as they vary from person to person and model dependent.

 

Will be an interesting proposition if the numbers comes close, but I doubt so… something has to give. :)

[Simpleonly]

  On 3/23/2015 at 2:50 PM, Atonchia said:

 

My car is manual, wife licence is auto

But no urgent need to change.

 

Ooo..... HAHAH..... then no choice if you need her to drive LOL

[serenade]

If you intend to buy new, give yourself 2-3 months lead time for the COE bidding process by the AD. The wait can be even longer if you want a particular colour.